Allahabad Bank, the oldest joint stock bank in India established in the year 1865,joins hand with IMI Kolkata to train their newly recruited probationary officers (PO). Allahabad Bank has recruited 1500 POs and IMI Kolkata has taken up the responsibility of imparting training to them in phases.
To initiate the endeavor 200 POs are undertaken for a 90-days completely residential induction programme at IMI Kolkata. The programme was inaugurated on July 1, 2013 by Shri Arun Tiwari, Executive Director, Allahabad Bank.
The main objective of the programme is to help the newly recruited POs in their transition from campus to corporate.The training will equip the POs not only to overcome professional obstacles but also to perform and progress in most effective and efficient manner.
The 90-days programme focuses on micro and macro concepts of economy, Indian banking history, regulatory framework, knowing different customers and banking products, cost management, risk management, social responsibility of a banker and financial inclusion. A substantial part of the programme will deal with details of lending, capacity building, credit monitoring, recovery management policy, MSME finance and FOREX. This also includes elaborated sessions on preventive vigilance and soft skills.
The programme draws its resources from the internal faculty strength of IMI Kolkata and major sessions on baking are handled by very senior and experienced professional from the banking industry.
Programme Directors: Dr. Nandita Mishra and Dr. Sarojakhya Chatterjee