NIIT has ventured into financial services training with the launch of the Institute of Finance, Banking and Insurance (IFBI).
NIIT has set up the institute in partnership with ICICI Bank to cater to the needs of the banking, insurance and financial services sectors in India and overseas. IFBI will commence admissions in October 2006. It will start with a six-month, full-time programme, the post-graduate diploma in banking operations (PGDBO), that will focus on grooming entry-level professionals for the banking industry. IFBI will also offer training programmes for the entry-level professionals in the banking sector. The training programmes will be offered from IFBI education centres set up in Delhi, Mumbai, Chennai, Bangalore, Hyderabad and Calcutta.