ICICI Bank announces recruitment process of probationary officers

ICICI Bank announced the details of recruitment process for probationary officer training, a program designed to develop specialists with adequate banking knowledge and exposure.

ICICI Bank has announced the details of the Probationary Officer Training Programme 2014, a unique initiative designed to provide adequate training and exposure to young banking aspirants.

The Mumbai-headquartered Indian multinational banking and financial service provider conducts this program every year with the vision of fulfilling the future requirement of thoroughly trained bankers.

According to the notification issued by ICICI, anyone who has completed graduation in any discipline with a minimum of 55 per cent aggregate marks can apply for this program, provided he or she have been born on or after January 9, 1988.

Only those shortlisted by a selection committee will be invited for the final selection process.

The final selection process will comprise of an online aptitude test, an online Psychometric Assessment, Case based group discussion (GD) and personal interview.

Both group discussion and personal interview (only for those who qualify the GD round) will be conducted on the same day.

ICICI calls the Probationary Officer Training Programme “a cashless bridge to managerial jobs for aspiring students”. In order to pursue the program, interested candidates must spill out INR 3.37 lakh. That, however, is only the cost of the first phase of the program. During the optional second phase, candidates will require investing further 1.5 lakh.

However, the bank will provide loan at a subsidized interest rate 2.5% per annum.

“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,” reads the ICICI notification, adding: “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.”

Application for the program must be submitted through the official ICCI Careers website: www.icicicareers.com. Because the application form is available free of cost, candidates can directly download it from the same website.

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