Private sector lender, Federal Bank launched the Federal Manipal School of Banking at the Manipal University Bangalore Campus to provide student training on various areas of banking and management.
The Federal Manipal School of Banking will offer full-time programme for one year that includes nine months of campus training and three-month internship at a branch of Federal Bank, which will be coupled with grooming and soft skills training, the bank said in a statement.
Students will earn a monthly stipend of Rs 2,500 for the first 9 months and Rs10, 000 per month during their three month internship with the bank. Federal Bank will support full fee financing through education loans and loyalty bonuses, the statement added.
A post graduate diploma in banking and finance will be awarded by Manipal University to students at the end of the course and will be absorbed as probationary officers by the bank.
Abraham Chacko, Executive Director, Federal Bank said “This programme is aimed at providing the officers with that extra mile of knowledge and skills which will in turn aid to their excellence in banking and services.”