The Academy is in partnership with RVS Group

Banker’s Quotient Academy plans to train 5,000 bankers by March 2015.

M.V. Nair, chairman of Banker’s Quotient Academy, said here on Monday that the academy was started here six months ago in partnership with the RVS Group and has trained over 1,100 bank officers. It started the training for three banks and now eight banks are sending their staff. It plans to approach all the public sector banks by the end of this financial year and also the private banks in and around Coimbatore. The academy has the capacity to train 350 candidates on the campus and this can be expanded to 1,000. It has 20 different modules and the duration of the training varies depending on the requirement of the bank. It trains entry-level officers and specialists and the training can be on the campus or at the bank.

The academy plans to open another campus in the north by the end of 2015. The staff requirement of the banking industry is expected to increase multi-fold because of financial inclusion, opening of new branches, expansion and new schemes.

M. Narendra, Chairman and Managing Director of Indian Overseas Bank, who participated in a function organised here by the academy on Monday, said that 50 per cent to 60 per cent of banking is through new channels such as internet banking, mobile banking and point of sale counters. Banks have internal training programmes. There are other banking activities such as risk management, treasury management, etc. There are a large number of bankers who are retiring and younger generation is coming in.

“In the current scenario, we need to keep innovating and the young generation will be helpful.” They need to be trained in different verticals. The bank recruited over 4,000 officers last year and a large number of specialists. There will be requirement for more number of specialists such as legal officers. It is opening 100 new branches in the State by June and about 500 new branches across the country this year, he said.

With regard to measures taken to improve security at ATMs, Mr. Narendra said that this would not bring down the number of ATMs added by the banks.

Tirupur Staff Reporter adds:

Meanwhile, speaking to reporters on the sidelines of an exporters’ meet the bank organised in Tirupur on Sunday, Mr. Narendra said that sectors like iron and steel, construction and textiles have mainly contributed to the non-performing assets of IOB.

On the day, the IOB opened a regional office in Tirupur which became the first regional office by any bank in the city.

Saying that the deposits and advances of the bank had registered ‘year-on-year’ growth of 12.47 per cent and 14.93 per cent, respectively, as on September 30, Mr. Narendra said that the bank plans to open around 400 branches before the end of the current fiscal to expand its reach and the business.

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