Bank of Baroda will increase the intake of candidates through the Baroda-Manipal School of Banking to meet its human resource requirement.
Addressing presspersons here on Friday, M.D. Mallya, Chairman and Managing Director of the bank, said that the institute began offering one-year diploma in banking in August 2011.
The bank offers jobs to students graduating from the institute, besides education loans at subsidised rates, he said.
“Every quarter, we take one-fourth of the requirement of the year. Last year, we had taken 180 per quarter. For the second year, we have scaled up the intake to 240 per quarter,” he said.
The bank, which had taken 720 candidates through this mode in the first year, has increased the intake to 960 for the second year. “Depending on our requirement, we can scale up further in the days to come. May be over a period of time, the entire requirement of the bank is met by this,” Mallya said.
He said 180 candidates, who were part of the first batch, have been working in different fields in different locations.
Under its Baroda-Manipal School of Banking model, the candidates are first trained in banking and finance before they take up career in Bank of Baroda. Participants are put through an on-campus curriculum spread over nine months. This curriculum gives thrust on application of knowledge and overall development of personality. After that, these candidates are given practical training at various branches of the bank through a three-month internship programme.
To a query on the expectations from RBI’s quarterly policy review on October 30, he said RBI has been consistent in terms of balancing the growth vis-à-vis anchoring inflationary conditions. He hoped that RBI would continue to pursue the strong policy of balancing.