A recent press report said that Bank of Baroda has joined hands with Manipal Education to start up a banking school. The school is named the Baroda Manipal School of Banking (BMSB) and is set up to train the future employees of Bank of Baroda before they start working as probationary officers (PO) in the bank. The school has been set up with an investment of Rs 30 crore.
Mr. Anand Sudarshan, CEO and Managing Director, Manipal Education said that the students will have a job guaranteed by the bank and the diploma program will impart training in banking law and practices, and management before they join.
Mr. N.S. Srinath, Executive Director, Bank of Baroda, said that the bank hires as many as 2000 officers as well as 2000 clerks every year and the school will act as another mode of recruitment.
Reports said that the program will have a nine month in campus training followed by a three month off campus internship at any of the Bank of Baroda branches. On successful completion of both, the candidate will be awarded a post graduate diploma in banking and finance by Manipal University. The course would cost Rs 3 lakh to the student.
Bank of Baroda is the third largest bank in the country. It offers a wide range of retail loans to the meet diverse needs of its customers. It offers home loan, personal loan, home improvement loans, mortgage loans, education loan etc.