-- Program is a 6-month residential training program customised for the Bank's selected trainee officers
-- This program has been designed to equip trainee officers with necessary domain knowledge in Banking and also enhancing competency and soft skill
-- Successful completion of the program will lead to the award of a Diploma in Banking Certificate from Manipal Global Education
-- First batch will commence in August 2012 at Bangalore
Manipal Global Education Services (MaGE), in association with Tamilnad Mercantile Bank Ltd (TMB), today announced the launch of a customised Banking Training Program with the signing of a MoU in Bangalore.
The Banking Training Program is a customised six months full-time residential program that has been designed to equip trainee officers of Tamilnad Mercantile Bank Ltd with necessary domain knowledge in Banking, and also enhancing competency and soft skills. Upon successful completion of the program, the trainee officers will be awarded a Diploma in Banking Certificate by MaGE. The first batch is scheduled to start in August 2012 at Bangalore.
Speaking on the occasion Sri K.B. Nagendra Murthy, Managing Director and CEO, Tamilnad Mercantile Bank Ltd said, "We are happy to announce the start of this program in association with Manipal Global Education Services. The program is aimed at equipping officers with that extra knowledge and skills that reflects excellence in banking & services."
Mr. V. Sivaramakrishnan, Executive President – Education Services, MaGE said, "We are delighted to enter into this partnership with Tamilnad Mercantile Bank Ltd. MaGE aims to provide quality education, training and skills with strong industry connect and this program with Tamil Nadu Mercantile Bank reflects that deep interest and commitment. This MoU reinforces MaGE's role as an end-to- end integrated learning & training solutions provider."
The Banking Training program, conceptualised and designed by the Tamilnad Mercantile Bank and Manipal Global Education Services, will be run at Manipal's Bangalore training campus.
About Manipal Global Education Services: Manipal Global Education Services is the leading India-headquartered International provider of high-quality higher education services. Its ambit includes a wide range of higher education services to institutions in India, corporate training programmes in partnership with leading enterprises, vocational training across a number of sectors, as well as technology-driven services in areas such as testing and education delivery. It also owns and operates university campuses in Malaysia, Antigua in the Caribbean, Dubai and Nepal. It services and supports over 200,000 students currently, many of them through its award-winning technology platform, EduNxt™.
Manipal Global Education Services believes that industry relevance is the key construct in career-focused education in India. This has led to the development of innovative partnerships, with City & Guilds UK to launch IndiaSkills, and, with leading Indian banks like ICICI Bank, Bank of Baroda, Axis Bank and others to establish academies of banking & finance. Its other strategic investments include MeritTrac, India's leading testing & assessment company, and iRize, a leading creator of the employment ecosystem in India.
About Tamilnad Mercantile Bank: Tamilnad Mercantile Bank Ltd is a leading old scheduled commercial bank with more than 90 years of tradition and having continuous record of profit earning since inception having 286 branches across the country.
a) Tamilnad Mercantile Bank has been rated 1st Best Old Private Sector Banks by Financial Express along with Ernst & Young for the year 2010-2011.
b) The Business world/Price Waterhouse Coopers Survey 2011 ranked us as No. 2 in Performance among Small Size Banks .
c) Our Bank has got the "Best Bank Award" among all Private Sector Banks including new generation banks for 2010 from "The Analyst''
d) TMB has been awarded as No. 2 among all Old Private Sector Banks in India, for two years consecutively 2009 and 2010, by "The Financial Express".
TMB's financial performance for the year 2011-12 is hereunder, which indicates our strong financial fundamentals:
Audited Balance Sheet as on 31.03.2012