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135.ICICI Bank PO Recruitment for May 2011 Batch-Final Merit List

ICICI Bank Probationary Officer - Selection Process conducted in Feburary - March 2011. 
Merit List of selected applicants with Name,ManipalLoginID,Gender,Date of Joining,Training Location for May 2011 batch is available.
Rojgar Sandesh Congrats !!! To Selected Candidates.
IMPORTANT Note for Selected Candidates:-
For Joining process / Confirmation of participation of selected applicants Click here. 
For any further queries/clarifications, Call 022 - 39858076 / 39858077 / 39858079 between 9.30am to 5.00pm. 

Human Resources Management Group 
ICICI Bank Ltd. Mumbai.
To know more about the ICICI Manipal Academy Click Here

1. What is the objective of ICICI Bank Probationary Officer recruitment drive?

It is an initiative by ICICI Bank to attract bright graduate students to pursue a career in banking.  It  is  an  attempt  to  create  specialist  graduate  students  with  banking knowledge and skills.

2. How can I apply?
Log on to www.icicicareers.com and fill up the application form online. Test Dates &
Locations will be announced at a later date for which you will get an e-mail/SMS.
3. Which are the locations in which the process is being conducted?
 The process is likely to be conducted at the following locations: refer website
4. Who can apply?
•   Completed graduation with 55% (Aggregate) in any discipline.
•   Up to 25 years of age as on May 1, 2011 (should have been born on or after May 1, 1986)
Only short-listed applicants will be invited for the selection process.
5. Can employees and relatives of ICICI Bank and other ICICI Group companies apply to the ICICI Bank PO recruitment drive?
Blood relatives (Brother, Sister, Spouse & Children) of ICICI Bank employees cannot apply. Blood relatives of ICICI Group Companies employees can apply.
6. What is the selection procedure?
The selection will be through a multi stage selection process comprising of:
a. Aptitude Test
b. Group Discussion
c. Profiling
d. Interview
7. How will you inform me if I am short listed for the selection process?
Short listed applicants will be intimated by email & SMS. A call letter informing them about the venue and date of the process will also be sent through e-mail.
**  Please  ensure  that  your  e-mail  address  &  mobile  numbers  are  updated  on
8. When is the selection process being held?
The Aptitude Test is likely to be held in January 2011 followed by Group Discussions/ Interviews in February 2011 for the applicants who clear the Aptitude Test.
9. What happens after I am selected?
You  will  undergo  a  12-14  months  intensive  residential  classroom  training  and internship with a stipend.
The PO training is a “cashless bridge” to managerial jobs for aspiring students.
To pursue the PO training, the interested students will have to invest Rs. 2.75 lacs which would be provided by ICICI Bank as a subsidized loan at an interest rate of 2.5% p.a. [Service Tax on the loan amount will be paid by the probationary officer].
On successful completion of the training & internship, the POs will be absorbed as Assistant Managers in the Bank. The EMIs for the loan would start once the POs have joined the bank. There would be no recovery of EMIs or interest during the training period, the interest accrued during this period would be recovered along with the normal EMIs. The EMIs are spread over a period of 60 months to ensure that there is minimal impact in the monthly earnings of the PO. On successful completion of 60 months of service, the loan amount would be paid back to the PO.
However, if the applicant leaves during training / within 5 years of joining ICICI Bank after training, ICICI Bank would recover the interest at market rate on the entire loaned  amount  for  the  period  that  the  amount  was  loaned  to  the  PO,  plus  the outstanding loan.
The Loan Agreement will have to be signed by the PO soon after joining the Campus. However,  the  PO  will  have  to  get  the  Guarantor  form  ready  before  joining  the campus for training.
The gross salary on joining the Bank after training will be more than Rs. 4 Lakhs per annum.
10.   How do I as a PO stand to benefit as far as the cost of training is concerned?
Despite the Rs, 2,75,000/- being paid by the PO, it is a CASHLESS BRIDGE for him since
•   The loan is being extended by ICICI Bank at subsidized interest rate of 2.5 % p.a.
•   No EMIs/Interest will be recovered during the training period when the PO would  be  paid  stipend/scholarship  (Rs.  2500/-  during  class  room  training phase of  9 months & more than Rs.  10,000/- during Internship phase of  3 months) to meet out of pocket expenses.
•   The EMI/Interest recovery starts only from the 1st salary drawn by the PO on joining the bank after completion of the training & internship.
•   The  salary  for  the  PO  at  the  grade  that  he/she  would  be  joining  (Asst.                 Manager Band I) has been adequately increased to cater for the payment of loan EMI of approximately Rs. 4,500/- per month.
•   On successful completion of 60 months of service with ICICI Bank, the loan amount (Rs. 2,75,000) would be paid back to the PO.
11. What would be the implications if I were to leave/resign from the PO training anytime due to unforeseen circumstances?
If, for any reason whatsoever, you leave during training  / leave within  5 years of joining ICICI Bank after training, ICICI Bank would recover the interest at market rate on the entire loaned amount for the period that the amount was loaned to the PO, plus the outstanding loan.
•   e.g. PO leaves the after 3 months of joining the training. He would be required to pay Rs.2,75,000+  Interest  @  15  %  p.a.  for  3  months  (15%  is  the prevailing market rate of interest)
•   e.g. If a PO leaves 4 months after joining the Bank after completion of the 1 year training he would be required to pay Rs.  2,75,000  +  Interest  @  15  %  p.a.  (current  market  rate)  for  16 Months (12 months training + 4    months as employee) - EMIs/Interest already paid.
12. Would I be required to pay any other amount?
Yes. If you are selected for the ICICI Bank Probationary Officer you would be required to Deposit Rs.  5,000/- Admission Security Deposit into ICICI Bank Account before giving acceptance for the Invitation Letter for the Probationary officer Training. The procedure for this will be explained in your Invitation Letter. This amount will be refunded to you on completion of 90 days training at the Academy. However, if you do not join the training after confirmation or leave the training within  90 days of joining, this amount will be forfeited.
13. What is the Guarantee that ICICI Bank will give job as Assistant Manager after the training and Internship?
All the Probationary Officer selects will be given a Job Guarantee letter soon after joining  for  Training  at  ICICI  Manipal  Academy.    Job  will  guaranteed  against  the Probationary officer successfully completing the training and Internship.
14. What would be   my Salary once I join the bank after training?
Your gross annual salary on joining the bank will be more than 4 Lakhs  (Cost To Company).
15. Would I be required to sign any agreement for the loan?
Yes. Loan agreement, as is required for any loan that an individual avails from a bank, would have to be signed. Processing charges/Stamp Duty of approximately Rs. 250/-
or as decided by the bank will have to be paid by you for the agreement.
16. What are the areas in which training will be provided?
Applicants  joining  the  Probationary  officer  training  will  be  enrolled  for  MBA  in Banking and Finance. It is a UGC approved program and Manipal University awards the degree.
Course Duration
MBA (Banking & Finance) course duration is for a period of 30 months (2 ½ years) with the maximum period for completion being 60 months.
MBA (Banking & Finance) program consists of two phases,
First Phase:
•   Comprising of 12 months of On-campus training (9 months of classroom training & 3 months of internship in ICICI Bank).
•   On successful completion of the first 12 months of training POs will be awarded the Post Graduate Diploma in Banking from ICICI Manipal Academy.
•   On Campus training comprises of Trimester I, II and III and is designed to provide banking skills to perform effectively in a banking environment.
•   On successful completion of the first  12 months of training, the POs will be absorbed as Assistant Managers in the Bank.
The students are provided with an exit option after successfully completing the first year of the MBA (Banking & Finance) program. Such students are allowed to exit the MBA program with a Post Graduate Diploma in Banking (PGDB).
However POs who wish to continue with the MBA (Banking & Finance) program are allowed to rejoin the MBA  (Banking & Finance) program within  6 months of their completion  of  PGDB  from  IMA  campus.  Such  students,  by  virtue  of  their being Assistant  Managers  working  at  different  branches/locations  of  ICICI  Bank  will  be provided their lectures and study materials online.
Second Phase [Optional]:
•   Comprising of 18 months of Online Training are designed to provide managerial skills to the students in a working and business environment.
•   Probationary Officers who have chosen to continue with their MBA (Banking & Finance) program can pursue the second phase along with their job at ICICI Bank.
•   Second phase will attracts tuition fees of Rs 1.00 Lakh.
17. When is the training starting?
The training is likely to start in 1st week of May 2011 for May Batch.
18.   Where will the training be held?
The training will be held in Bangalore or any other location in India as decided by ICICI Bank.
19. Which functional area, location would the Probationary Officers be placed post completion of the Training and Internship?
Specialization in a functional area is decided by the Bank based on the prevailing needs and business requirements. Further the location of posting is decided by the bank on the basis of business requirements.

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