Monday, September 29, 2014

ICICI Bank hiring for Probationary Officer


Company : ICICI Bank

Website : www.icicibank.com

Job Role : Probationary Officer

Eligibility : Any Graduate

Experience : Freshers

Job Location  : Across India

Company Profile :
ICICI Bank is India’s second-largest bank with total assets of Rs. 4,062.34 billion (US$ 91 billion) at March 31, 2011 and profit after tax Rs. 51.51 billion (US$ 1,155 million) for the year ended March 31, 2011. The Bank has a network of 2,752 branches and 9,225 ATMs in India, and has a presence in 19 countries, including India. ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries in the areas of investment banking, life and non-life insurance, venture capital and asset management.

Eligibility:
1. Those who have completed graduation with 55% (Aggregate) marks in any discipline.
2. Up to 25 years of age as on 31st December 2014 (should have been born on or after 31st December 1989).
3. Only shortlisted applicants will be invited for the selection process.


Selection Process and Fees of the Training Programme
Selection Process
The selection process for Probationary Officer will consists of
  • Online Aptitude test
  • Online Psychometric Assessment
  • Case-based Group Discussion (GD)
  • Personal Interview (PI)
  • Merit List
*The GD and the PI (only for applicants who successfully clear the GD) will be concluded on the same day.
Fees of the Training Programme
The Probationary Officer Training Programme is a cashless bridge to managerial jobs for aspiring students. To pursue the  Probationary Officer Training Programme, the interested students will have to invest rupee 3.37 lakh (The course fee is rupee 3  lakh. Along with the applicable service tax at the current rate of  12.36%, the total amount to be paid is rupee 3.37 lakh). However,  during repayment of the loan, the prevalent service tax rates will  apply ) which would be provided by ICICI Bank as a loan at a subsidized interest rate of 2.5%. p.a. This is the fee for the first phase of the PGDB programme. The fee for Phase II is an additional amount of rupee 1.5 lakh. This will be paid by students who opt for this phase.
After completion of the Training Programme, the Probationary  Officers will be absorbed as Assistant Manager in the Bank. The loan is to be repaid by Probationary Officers in equated monthly installment (EMI) after joining the Bank. There would be no recovery of EMI or interest during the training and internship period, the interest accrued during this period would be recovered along with the normal EMI. The EMI is spread over a period of 60 months to ensure that there is minimal impact in the monthly earnings of the Probationary Officer. However, if the applicant leaves during training or within five years of joining ICICI Bank after training, ICICI Bank would recover the principal and the interest at market rate on the entire loan amount for the period that the amount was given as a loan to the Probationary Officer.
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