Events

01 Jul 2013|Noida | Amity Campus, Sector-44 Noida

Training of 500 Probationary Officers of Allahabad Bank begins at Amity University

Amity Institute of Training and Development (AITD) started three month “Training Programme” for 500 Probationary Officers (POs) of Allahabad Bank at Amity Campus, Sector- 44, Noida.

Amity Institute of Training & Development (AITD) was selected by Allahabad Bank, as part of the MoU signed between AITD and Allahabad Bank, to undertake the challenging task of designing, developing and delivering the training program through an intensive and competitive procedure. This is for the first time that a Public Sector Bank has decided to organize a long, intensive and focused training program for such a large number of their new recruits. The Bank plans to employ around 1500 new POs in the current year to meet the HR requirements. The initiative taken by the CMD is to ensure that the young POs are professionally trained, through the first 3 months of their career, in a manner that they are ready to effectively serve in the Branches right away.

Ms. Shubhalakshmi Panse -CMD, Allahabad Bank, Shri P S Bhatia GM – HR, Allahabad Bank and Dr. Ashok K Chauhan- Founder President, Amity Group inaugurated the Training Programme.

Welcoming the august gathering, Mr. K S Bains (a retired IAS officer and a Padma Shree Awardee) Advisor, AITD - said that it is for the first time that a Bank has thought of imparting such a comprehensive training to the new recruits. He lauded the initiative and decision taken by the CMD of Allahabad Bank and expressed that the training programme would initiate long interaction and association of Amity with Allahabad Bank.

Sharing her enthusiasm during the occasion and addressing the POs, Ms. Shubhalakshmi Panse -CMD, Allahabad Bank said, “Banking industry plays a vital role in economy of the country. India has a robust and stable banking system as a result of which no big bank goes down in India. In India, Private and Foreign Banks contribute 30% to the economy of the country, rest 70% contribution is by Public Sector Banks.” She informed that after nationalization, there was a huge expansion in the banking sector, which led to the massive hiring in the sector. From 1984-1997, there was a complete embargo in the recruitment in the Banking sector. Subsequently, there became two factions in the banks- one of the old and experienced employees who are not tech savvy and other of young employees who are tech savvy but are tad little on the experience.

She remarked that the present training of POs is a step taken to seamlessly integrate the young POs with their seniors in the Banks. She revealed that in 2017-18, Allahabad Banks would see massive retirement and there would not be many senior persons left to share the expertise and train the young blood. She informed them that, due to the foreseen situation, the Promotion system has been compressed at Allahabad Banks and anybody can become General Manager at the age of 41-45. At the same time, she reminded the POs of the great responsibility that would come as a result of compressed Promotion system; they would get less time for maturing as banker and they have to slog and gain that experience in 2-3 years which their seniors did in 7-8 years.

Talking about the relevance of Training Programme and choosing Amity for the same, , Ms. Shubhalakshmi Panse remarked that Allahabad Bank has planned an upward growth trajectory; Bank has planned to achieve Rs. 3,60,000 crore of total Business by 31st March, 2014, for which the Bank is planning to hire and induct scores of new people into the system. To provide training to such a large number of POs in in-house training centres is not possible and Amity has requisite infrastructure, trained manpower to deliver the same in the best possible manner. She, further, shared that during the 3 months of training, POs , who are generally from diverse backgrounds, will be taught the nitty- gritty of the Banking including the use of CBS software, mobile banking, payment and settlement. The training would groom them to take over their outlined roles and responsibilities in the respective branches.

Motivating the new recruits, Ms. Panse encouraged them to be ethical and restrain from taking short cuts since in the long run, it is their character and innate values which will make or mar their future. She stressed that one factor that Allahabad Bank looks forward to in all the potential employees is “Loyalty”.

Addressing the gathering, Dr. Ashok K Chauhan- Founder President, Amity Group congratulated the young POs and assured them that Amity would groom them to become successful professionals and good human beings, who will change the Banking scenario of the country. He gave them the mantra of ‘BHAAG” where “B” stands for Behavioral Science, “H” stands for Hard work, “A” stands for Attitude, another “A” stands for Ambition and “G” stands for God. Dr. Chauhan convinced them that if they follow “BHAAG” in their life, they will never be left behind in their lives.

Sharing her views, one of the POs from Dwarka, Delhi, Ms. Preeti Mudgal who is an MBA-Finance and Marketing expressed that she comes from the family of bankers and always aspired to become a part of the Banking sector. Radiating with confidence and enthusiasm, Ms. Mudgal said that she prepared for the entrance exam rigorously for 4-5 months and coming from Finance Background made it easy for her to clear the entrance exam and personal interview. Talking about the relevance of the Training programme, she stressed that the training would give her practical information about the working of Allahabad Bank, practice on dummies and continuous interaction with the senior officials of the Bank would ease their assimilation into the system.