01 July 2011

NIIT IFBI launches preparatory courses for PSU banks ::IFCI research,

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NIIT IFBI launches preparatory courses for PSU banks
IFBI, a joint initiative of NIIT and ICICI Bank, has launched preparatory courses for PSU
banks’ probationary offices (PO) and clerical recruitment exams. The bank exam coaching
academy, IFBI, will provide a scientific and systematic approach to preparation for
recruitment tests conducted by PSU banks for POs and clerical positions. The exam
preparation courses are designed keeping in mind the assessment and testing practices
adopted in these recruitment exams. Recruitments in public sector banks have been on the
rise over the past few years, considering the number of retirements and opening of new
branches. This trend is expected to continue for the next 5–7 years. Various industry
estimates put this figure anywhere between 4lakhs–7.5lakhs in the next 5–7 years.
Recognising this huge employment opportunity available in PSU banks, IFBI has launched
this initiative. Online mentor support, comprehensive online testing, technology-enabled
learning environment and SMS exam notifications combined with teaching by trainers are
some of the features of IFBI's preparatory courses for PSU banks’ PO and clerical
recruitment exams. We maintain our Buy view on NIIT with a target price of `68.

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