ICICI Bank PO Program: Information, Notification, and Selection Process
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ICICI Bank PO Program: Information, Notification, and Selection Process

ICICI Bank PO Program: Information, Notification, and Selection Process
ICICI Bank
ICICI Bank is the largest private sector bank of India. It is also the second largest bank among all banks of India behind State Bank of India. ICICI Bank is known for initiating a phase where Indian banks started to look to give high level of customer satisfaction. The result is for everyone to see. Despite launching its operation in 1990s it replaced other banks and become the second one in no time. The bank remained always on expansion mode. It has already developed a solid level of retail branches and ATM network in Metro. Now, ICICI is looking to take itself to semi-urban and rural areas. Due to its branch expansion drive the bank always look for quite a high no. of professionals.
To satisfy its expansion needs, ICICI had started a specialized program with Manipal University, Bengaluru for the recruitment of Probationary Officers in 2007. This strange initiative by ICICI had surprised almost all HR specialists in India. However, as things stand now the move by ICICI Bank to outsource training program for its first line managers was an innovative and successful one. This has been followed by other banks also like Axis Bank, Kotak Mahindra Bank, and Bank of Baroda.

ICICI Bank

What is ICICI PO Program?

ICICI PO Program is a specialized program by ICICI Bank in association with Manipal University to select bright students and train them for future. This is a one year fully residential program conducted in the Manipal Campus of Bengaluru. The training is oriented towards imparting banking knowledge and skills coupled with enhancing personality and language skills of trainees in the campus. Trainees are enrolled with Manipal University for degree in MBA in Banking and Finance.

Duration

The duration of ICICI PO Program is of 12 months. Selected candidates are trained at the Bengaluru Campus of Manipal University for 9 months, and then they are send to any ICICI Bank for an internship of 3 months.

Fee

This is cashless program. The fee to Manipal University is paid by ICICI Bank as a form of student loan – Rs. 2.75 lacs excluding service tax at a subsidized rate of 2.5%. However, this loan becomes non existent if the selected managers work for ICICI Bank for continuous five years. If they leave the bank before this bond period then they will have to shell out full loan amount. One should also remember here that if the applicant leaves the bank before this bond period then ICICI Bank will recover money on existing market rate, not on 2.5%.

Selection Process

The selection process of ICICI Bank PO consists of following phases
  • Online Aptitude Test
  • Discussion on a real life case related to Banking
  • Psychometric Test
  • Personal Interview

How to Apply

The recruitment is always going on there. Currently, 1600 aspirants are being trained in Bengaluru in three different batches – Feb, May/August, and November.
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