The Kolkata-headquartered Bandhan Bank will be introducing a 1-year full-time residential course for young graduates at Bandhan School of Development Management (BSDM) at its campus in Kolkata.
“The course will be a mix of intensive classroom and field sessions through simulation, gaming, activities, collaborative projects and branch internships,” said Chandrashekhar Ghosh, Managing Director and CEO of Bandhan Bank.
The microfinance institution-turned-bank started its operations on August 23, 2015 and has increased its employee strength to 23,200 currently from two employees when it started in 2001 and 17,000 when it became a bank.
Graduate Indian youth in the age group of 21 and 25 years can enroll for the programme costing Rs 3.5 lakh. The shortlisted students will be admitted followed by course counseling, an aptitude test and a personal interview.
The course includes a laptop as well as food and residential accommodation facility. Bandhan Bank will also pay a stipend of Rs 4,000 a month for 9 months as the classroom programme and Rs 10,000 in the last three months when they will be doing an internship with the bank.
"Being fully skilled after the course, they will join as bank officers [bank website also mentions students will be absorbed in Assistant Manager grade] with our bank. We will be starting this course on March 1 with a class of 60 students. Other batches will start in the upcoming months and it will end the year with 240 students," Ghosh added.
The bank also provides a bridge facility in the form of a loan that may be extended by Bandhan Bank to students to finance the cost of the course.
Despite the banking sector undergoing immense challenges, job opportunities are huge. Newer private sector banks are looking at gaining market share by attracting younger talent with the changing dynamics of digital and branch banking channels.