DHFL, a housing finance company with NIIT institute of Finance, Banking and Insurance Training Ltd (IFBI), and NIIT University has entered into a tripartite Memorandum of Understanding (MoU). Under the MoU, a one year post graduate programme in Financial services was launched.
The programme will offer graduates career opportunities in housing finance sector in tier II and tier III cities. The programme is a contribution to help achieve success for the Union Government’s flagship programmes of creating 100 smart cities and accomplish housing for all, has initiated a concerned strategy to build quality human resource for the financial services sector in the Tier II and Tier III cities.
Minimum 50 qualified housing finance professionals trained in the sales and credit functions would be absorbed by DHFL branches in the identified Tier II and Tier III locations post completion of the one year programme. The one year post graduate financial services by NIIT University in collaboration with NIIT IFBI will comprise 9 months residential programme at the NIIT University campus, followed by 3 months of internship at a DHFL branch or office.
On completion of the programme, the students will be awarded with a certificate by NIIT University and will be absorbed by DHFL as an employee of the company designated as a management trainee. The students will be jointly shortlisted and admitted by DHFL, NIIT, IFBI, and NIIT University through a selection process.
The programme also aims to impart knowledge and develop skills in housing finance service quality, credit management, operations, sales, general management, and relationship management. The internship will be based in Tier II and Tier III cities which will enable students to get comprehensive experience about the sector and the business, which will ensure that the housing finance industry attracts the perfect mix of students with astonishing talents.
Harshil Mehta, CEO, DHFL, said, “DHFL’s tie-up with NIIT IFBI and NIIT University reinforces the Group’s three decades old philosophy and vision to strengthen India’s economy at grass-root level. DHFL is committed to building quality, tech smart and a financially aware talent pool for the emerging markets to help provide best-in-class financial services for enabling home ownership in tier 2 and 3 towns for every Indian, especially in the LMI segment.”
Bimal Jain, President, NIIT IFBI said, “NIIT IFBI has a proven track record of providing trained manpower to the BFSI industry in India for the last eight years. We are now very excited to partner with DHFL as it provides us an opportunity to extend our expertise to the housing finance sector by designing programs that will help identify and professionally train manpower for the organization, while empowering aspiring youth to access challenging careers in the sector.”
The programme aims to facilitate industry-academia partnership for providing excellence in education and building competent professionals in housing finance.