Press Release
Kotak Mahindra Bank introduces Kotak Probationary Officer Course in association
with Manipal University
Young graduates of India get career opportunity in the lucrative banking sector
Salient features:
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Core curriculum: specialised banking knowledge and managerial skills including all
aspects of relationship management
Duration: 12-months: 9 months on-campus followed by 3-month internship at Kotak
Mahindra Bank
Assured employment: with Kotak Mahindra Bank on successful completion of the
course
Financial support:
o A monthly fixed allowance of Rs. 2,500/- to meet out of pocket expenses and
living expense during 9 month on-campus period
o A monthly stipend of Rs. 20,000/- during the internship
o Easy financing of the course fees at concessional terms to all students. On
successful completion of 48 months of service with the Bank, 85% of the
course fee would be paid back
Scaling up to MBA: can be scaled up to a full-fledged post graduate business
management programme - Masters in Business Administration (MBA)
Mumbai, November 28, 2011: Kotak Mahindra Bank, in association with Manipal University, today
announced that it is starting a specialised banking course – ‘Kotak Probationary Officer Course’ for
the young graduates of India who seek a career in the banking sector. Thus, through this course all
those who could not or were unable to pursue a MBA programme can still aspire for a career in the
lucrative banking sector.
The 12-month course, starting December 2011, will be conducted by the Manipal University at its
Bengaluru campus. The thrust of the course is to impart specialised knowledge on banking and
functional knowledge on general management including all aspects of relationship management. On
completing the 1-year post graduate diploma course, students have the option to continue studying
online for another 18 months, and converting this diploma into an MBA programme. They can do this
while continuing to work with Kotak Mahindra Bank.
The duration of the ‘Kotak Probationary Officer Course consists of 9 months of rigorous on-campus
study followed by 3 months of internship at Kotak Mahindra Bank. On successful completion of the
course, Manipal University will confer a ‘Post Graduate Diploma in Banking and Relationship
Management’ and Kotak Mahindra Bank will give employment with the bank as a ‘Probationary
Officer’. Additionally, on successful completion of one year of service in the bank subject to attaining a
minimum performance rating each student is entitled for a one time guaranteed annual bonus of Rs.
50,000/ -.
Subhro Bhaduri, Executive Vice President & Head - Human Resources, Kotak Mahindra Bank said,
“We are excited about the commencement of the Kotak Probationary Officer Course. In partnership
with Manipal University we have developed a customised banking course for the young aspiring
bankers.”
“In the years ahead, the Indian economy is poised to be on a high growth trajectory and banks will
play a vital role in this growth story. This opens up huge career opportunities in the banking sector. In
addition to meeting the requirements of the banking sector, our course has immense potential for
generating employment opportunities in India”, Bhaduri said.
During the duration of the course, in order to meet out of pocket expenses and living expenses,
students will be paid a fixed allowance of Rs. 2,500/- every month during the 9-month on campusperiod. Thereafter, they will get a stipend of Rs. 20,000/- per month during the internship with the
bank.
Furthermore, Kotak Mahindra Bank will also provide easy financing of the course fees at concessional
terms to all students. On successful completion of 48 months of service with the Bank, 85% of the
course fee would be paid back to the probationary officer.
About Kotak Mahindra Bank
http://www.kotak.com
Established in 1985, the Kotak Mahindra group is one of India's leading financial services
conglomerates. In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the group's flagship
company, received banking license from the Reserve Bank of India (RBI). With this, KMFL became
the first non-banking finance company in India to become a bank - Kotak Mahindra Bank Ltd.
Kotak Mahindra Bank offers complete retail financial solutions for varied customer requirements. The
Savings Account goes beyond the traditional role of savings and provides a range of services through
a comprehensive suite of investment services and other transactional conveniences like Online
Shopping, Bill Payments, ASBA, Netc@rd, ActivMoney (Automatic TD sweep-in and Sweep-out) etc.
The Bank also offers an Investment Account where Mutual Fund investments are recorded and can
be viewed in a consolidated fashion across fund houses & schemes. One can purchase, redeem,
switch and even make systematic investments in Mutual Fund Schemes of over 20 Indian Mutual
Fund houses. All this can be availed through Internet or phone banking services. The Bank also offers
loan products such as Home Loans, Personal Loans, Commercial Vehicle Loans, etc. Keeping in
mind the diverse needs of the Business Community, Kotak Mahindra Bank offers comprehensive
business solutions that include Current Account, Trade Services, Cash Management Services and
Credit facilities. Kotak Mahindra Bank has over 328 branches and over 760 ATMs spread across 187
locations in the country. The Bank has the products, the experience, the infrastructure and most
importantly the commitment to deliver pragmatic, end-to-end solutions that really work.
For further information, please contact:
Rohit Rao
Jaydeep Raval
Twinkle Mayekar
Kotak Mahindra Bank
Kotak Mahindra Bank
Genesis Burson-Marsteller
Mobile: +9122 67206908
Mobile: +9122 67206743
Mobile: +91 9833684933
rohit.rao@kotak.com
jaydeep.raval@kotak.com
twinkle.mayekar@bm.com