ICICI Bank and NIIT University to offer MBA (Finance & Banking)
January 10, 2011
Mumbai: In a first of its kind partnership, the not-for-profit NIIT University and ICICI Bank Ltd, India’s largest private sector Bank, have come together to launch a Master of Business Administration (Finance & Banking) program.
The agreement was signed today by Ms. Chanda Kochhar, Managing Director & CEO, ICICI Bank Ltd and Mr. Rajendra S Pawar, Founder, NIIT University.
This two year program combines conceptual rigour with experiential learning through a unique collaboration between the domain expertise of the University, and the functional expertise of the banking industry. The students will also undergo an industry-linked internship at ICICI Bank during the course duration. On successful completion of the program the students would directly assume middle-management responsibilities in ICICI Bank. The program is expected to commence from April 2011.
Commenting on this partnership, Ms. Chanda Kochhar said, "India today is poised at a unique moment in its history, with prospects of sustained high growth driven by strong fundamentals. The financial sector will support and indeed catalyse India's robust and inclusive growth process. To take full advantage of this environment, the country needs business leaders with a high degree of knowledge, analytical skills, business acumen and people management skills. This tie up is a step towards grooming such leaders".
Speaking on the tie-up, Mr. Rajendra S Pawar said, "This MBA Program will groom research minded managers for the Century of the Mind".
About NIIT University:
Set up with the vision of being the leading center of innovation and learning in emerging areas of the Knowledge Society, the not-for-profit NIIT University has been developed as an institute of excellence based on the four core principles that make learning industry-linked, technology-based, research-driven and seamless.
Nestled in the foothills of the Aravali hills in Neemrana, Rajasthan, the picturesque 100-acre fully residential green campus of NIIT University is equipped with state-ofthe- art technology-enabled teaching methodology that's backed by a strong researchfocused curriculum for facilitating a continuous process of learning and development.
The NIIT University offers BTech Programs in Computer Science and Engineering, Information and Communication Technology, Biotechnology and Electronic and Communication Engineering; MTech Programs in Bioinformatics, Educational Technology, Embedded Systems and Pervasive Systems; and PhD programs in all the above disciplines. The University also offers an MBA Program (NU-MBA) designed to help aspiring professionals build meaningful connections to the real world of businessand become successful leaders of the future.
NIIT University marks a unique initiative where a campus is established on a comprehensive long-term masterplan keeping environmental considerations at thecentre. Temperatures are maintained at the Campus all year around using an energyefficient, geothermal cooling system, with a minimal carbon footprint. The earth airtunnels act as enormous self-regulating heat sinks for the campus, with little electricity required to cool or heat the air. It has been designed with rainwater harvesting facilities and water recycling system which is 97% efficient. Some of the key initiatives undertaken by NU towards sustainable development include: Greening of the hills wherein, ten-thousand trees of various varieties have been planted in the neighboring hills by NU students. NU has also adopted about three hectares of nearby land for tree-planting. Almost 3,000 trees have been planted so far using drip-irrigation.
In addition to being a seat of learning and excellence, the fully residential NIIT University offers its students a vibrant social and recreational environment to enable a 24x7 development. A host of student activities interspersed along the central walking spine include volleyball, golf/putting, basketball, gym and tennis. The NIIT University, has received recognition vide the Government of Rajasthan Ordinance No. 4, of 2009, dated 14th October 2009 and subsequently enacted by the Government of Rajasthan vide Act No. 5 of 2010, dated April 3, 2010.
About ICICI Bank:
ICICI Bank Limited (NYSE:IBN) is India's largest private sector bank and the second largest bank in the country, with consolidated total assets of over $115 billion at September 30, 2010. ICICI Bank's subsidiaries include India's leading private sector insurance companies and among its largest securities brokerage firms, mutual funds and private equity firms. ICICI Bank's global presence currently spans 18 countries.
Except for the historical information contained herein, statements in this release, which contain words or phrases such as 'will', 'would', etc., and similar expressions or variations of such expressions may constitute 'forward-looking statements'. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to our ability to obtain statutory and regulatory approvals and to successfully implement our strategy, future levels of non-performing loans, our growth and expansion in business, the adequacy of our allowance for credit losses, technological implementation and changes, the actual growth in demand for banking products and services, investment income, cash flow projections, our exposure to market risks as well as other risks detailed in the reports filed by us with the United States Securities and Exchange Commission. ICICI Bank undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof.
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