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Company : MaGE 
Wednesday, August 8, 2012 2:43PM IST (9:13AM GMT)
Manipal Global Education Services Signs MoU with Punjab National Bank for Banking Training Program
Bangalore, Karnataka, India

-- The program is a one-year full time customised training program in Banking and Finance for the Bank's selected trainee officers

-- Program has been designed to equip trainee officers with necessary domain knowledge in Banking and also enhancing competency and skills

-- On successful completion of the program, students will be absorbed as officers by the Bank

-- Other attractive features include full fee financing through education loans from Punjab National Bank and loyalty bonuses leading to refund of full course fee on getting promotions to higher scale.

-- Successful completion of the program will lead to PG Diploma in Banking & Finance, awarded by Manipal University

-- First batch will commence in September at Bangalore

Manipal Global Education Services (MaGE), in association with Punjab National Bank, today announced the launch of ‘Diploma in Banking' program with the signing of a MoU.

The program is a customised one year full time training program on various areas of banking and finance that is designed to equip students with necessary domain knowledge in Banking, and also enhancing competency and skills. The program includes nine months of intensive campus training and three month internship at a branch of PNB. The first batch will commence in September 2012.

Besides domain knowledge, students will also undergo intensive grooming and soft skills training. On successful completion of the program, students will be awarded a Post Graduate Diploma in Banking and Finance, awarded by Manipal University and will be absorbed in JMG Scale-I at the Bank. The crux of this industry-academia partnership is to help create an employable workforce with First Hour First Day productivity.

Speaking on the occasion Ms. Sushma Bali, GM-HR, Punjab National Bank said, "We are happy to associate with Manipal Global Education Services to bring forth this program. The program is aimed at equipping fresh candidates with specific domain knowledge and skills that enable absorption into the bank, and who can seamlessly integrate into the daily working of the bank."

Mr. V. Sivaramakrishnan, Executive President – Education Services, MaGE said, "We are delighted to enter into this partnership with Punjab National Bank. MaGE has always aimed to provide quality education, training and skills with strong industry connect. Associations such as this further reflect our deep interest and commitment. This MoU reinforces MaGE's role as an end-to- end integrated learning & training solutions provider".

During the course of the program, students will earn an attractive monthly stipend for the first nine months and suitable remuneration during their three month internship.

Other attractive features include full fee financing through education loans from Punjab National Bank and loyalty bonuses leading to refund of full course fee on completion of certain number of years with the bank.

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 Punjab National Bank

With over 72 million satisfied customers and 5700 domestic branches, PNB has continued to retain its leadership position amongst the nationalized banks. The Bank enjoys strong fundamentals, large franchise value and good brand image. Over the years PNB has remained fully committed to its guiding principles of sound and prudent banking irrespective of conditions. Bank has been earning many laurels and accolades in recognition to its service towards doing good to society, technology usage and on its overall performance. Some of the major awards won by the Bank are the Best Bank Award, Most Socially Responsive Bank by Business World-PwC, Most Productive Public Sector Bank, Golden Peacock Awards by Institute of Directors, etc. Besides, the Bank is ranked 26th amongst FE 500 India's Finest Companies, 26th amongst the Top 500 India's Largest Corporations by Fortune 500 India. "The Banker" ranked PNB on 186th position in 2011, improving from 257th position a year before. PNB ranked 668th amongst 2000 Global Giants as per the Forbes and 170th in 2012 improving from 195th in 2011 in Top 500 Most Valuable Banking Brands by Brand Finance Banking 500. India Inc Top 100 Most Powerful CEOs for the year 2012, Shri K.R. Kamath, CMD, PNB, adjudged Most Powerful amongst the Nationalised Banks in India, with overall rank at 50 by Economic Times. The Bank has also been ranked 26th amongst India Top Companies as per ET 500 and 25th amongst the Top 50 most valuable corporate brand by Brand Finance-ET.

To view the photograph, please click on the link given below:
Mr. V.Sivaramakrishnan, Executive President-Education Service, Manipal Global Education Service (MaGE) and Ms Sushma Bali, GM-HR, Punjab National Bank at the signing of MoU of MaGE with Punjab National Bank (PNB).

For News Release background on MaGE click here
Media Contact Details
Priya Manikkath, Manipal Global Education Services, priya.manikkath@manipalglobal.com
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