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Common training program for all PSU banks

Union Finance Minister Nirmala Sitharaman launched the adoption of a common foundation training program for public sector banks, which is aimed to be an enabler for capacity building. At a function organized by the Indian Banks’ Association (IBA) through video conferencing, the minister launched the program, which works on the concept of uniform training modules for all public sector banks. It was felt that there are variations in training programs for these banks at the induction level of officers, with respect to duration of institutional training, course content and focus on capacity building, and therefore it was felt that there is a need for uniformity in the content and methodology of these programs. The initiative in creating a common program was taken by Rajnish Kumar, Chairman, State Bank of India, at whose instance a workshop was held to create a common syllabus/ assessment scheme and training calendar for all public sector banks. The one-year program now will encompass institutional training, including module on preventive vigilance, visit to villages, as well as on the job. While all the PSU bank managements have agreed to this format, individual banks will be free to structure granular aspects as per their requirements.

 

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