ICICI BANK

Probationary Officer
Programme

ICICI Bank
Best Bank in Asia Expanding Horizons of Learning
*Euromoney Awards, 2007
India is one of the few high growth economies of the world.
For the third consecutive year, India's growth story (GDP
growth rate of more than 9%) had been led by robust
growth in the services sector. Today, India is increasingly
being seen as a global operations hub and supply centre for
skilled resources. It has favourable demographic profile
with nearly 53% of its population in the under 25 age group.
Need for the ICICI Academy
Today, “Industry Ready” education is lacking. In India, a
large number of capable people have limited access to
quality education due to language barrier and high cost of
education in the specialized areas. Around 2/3rd of India's
young and educated population is getting excluded from
the India growth story. The talent crunch is worsened by
this exclusion of bright and academically capable people
from contributing to India's economic growth.
The ICICI Academy seeks to identify hidden talent and
potential in India and bring forth such people who ordinarily
will not have access to ICICI Group, enabling them to
become a part of India's growth drivers.
The ICICI Academy will….
• Expand the pool of Industry Ready resources.
• Generate inclusive employment opportunity for capable,
young graduates.
• Make a difference to the customers by ushering in first
day first hour productivity.
About ICICI Group
ICICI Group is the first Universal Banking Group in India,
providing customers with gamut of corporate and retail
Financial Services. The Group comprises of the following
companies:
ICICI Bank (NYSE:IBN) is India's largest private sector bank
with over 50 years presence in financial services and with
assets of Rs. 3,997.95 billion (US$ 100 billion) on
March 31, 2008. ICICI Bank is a leading player in the retail
banking market and services its large customer base
through a network of 1400 branches and extension
counters, 4000 ATMs, Call Centres, Internet banking
(www.icicibank.com) & Mobile banking to ensure that
customers have easy access to its services at all times.
Our subsidiaries, ICICI Securities and ICICI Primary
Dealership engaged in equity underwriting, brokerage and
primary dealership in government securities owns ICICI
Direct.com, a leading online brokerage platform. Our
venture capital and private equity fund management
subsidiary ICICI Venture Funds Management Company
manages funds that captures venture capital funding to
start-up companies and undertake private equity
investments. Our subsidiaries ICICI Prudential Life
Insurance Company, ICICI Lombard General Insurance
Company and ICICI Prudential Asset Management
Company provide a wide range of life and general insurance
and asset management products and services to retail and
corporate customers respectively.
About ICICI Academy
The ICICI Academy will exclusively service the Human
Resource requirements of the ICICI Group. The academy
will provide programmes in Banking and Insurance with the
aim of developing graduates into specialists in the area of
Banking and Insurance. For this purpose, the ICICI Group (f) Successful completion of the PO Programme will
will provide the course content, which will be delivered by entitle the Probationary Officer to further their
the Academy. management education through e-MBA course in
Banking and Insurance (Distance learning)
Probationary Officer Programme
The Probationary Officer Programme, aims to create a pool
of specialist bankers from graduate students by equipping
them with appropriate banking knowledge and skills.

The Programme is a one year, full time, residential training

Programme which will be conducted at ICICI Academy
campus at Bangalore or any other location as decided by
ICICI Bank. Those who successfully complete the PO
programme will be awarded a Post Graduate Diploma in
Banking and also absorbed as Assistant Manager- I grade in
the Bank.

The salient features of the PO Programme are as follows:

(a) The programme will have blended curriculum with
classroom, e-learning and internship.
(b) The programme will impart knowledge and skills in
core banking, one specialized area in Banking, etiquette
& grooming and language skills.
(c) The classroom sessions (9 months, trimester pattern)
will be conducted at the ICICI Academy and Internship
(3 months) can be at any ICICI Bank branch or office
(within India).
(d) The Probationary Officers (POs) will be paid monthly
stipend of Rs. 2500/- per month for first 9 months to
meet the out of pocket expenses and Rs. 10,000/- per
month during internship towards their living expenses
& a city allowance as decided by the Bank. Further the
POs will also be covered under Group Medical
Insurance, Group Life Insurance and Group Personal
Accident Insurance for the duration of the programme.
(e) Gross salary upon successful completion of the course
will be more than Rs 3.5 lacs p.a. (CTC). The POs will get
assured employment with ICICI Bank upon successful
completion of the PO Programme.
Applicants Investment or fees for the Programme
The PO will undergo a one year intensive residential
classroom training and internship with a stipend.
The PO Program is a “cashless bridge” to managerial jobs
for aspiring students.
To pursue the PO program, interested students will have to
invest Rs. 1.5 lacs which would be provided by ICICI Bank at
a subsidized loan at 2.5% interest. ICICI Bank will bear the
remaining course fees.
On successful completion of the program, 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 36 months to ensure that there is
minimal impact in the monthly earnings of the PO.
On successful completion of 36 months of service with
ICICI, the loan amount would be paid back to the PO.
However, if the applicant leaves the program during training /
leaves within 3 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 along
with a guarantor at an ICICI Bank branch before joining the
campus for training.
Your gross salary on joining the Bank after training will be
more than Rs. 3.5 Lakhs per annum.
Benefits on Investment
Despite the Rs. 1,50,000/- being paid by the PO, it is a
CASHLESS BRIDGE for a PO since;
(a) The loan is being extended by ICICI Bank at subsidized
interest rate of 2.5 %
(b) 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 only.
(c) The EMI/Interest recovery starts only from the 1st
salary drawn by the PO on joining the bank after
completion of the training & internship.
(d) The salary for the PO at the grade that he 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.
(e) On successful completion of 36 months of service with
ICICI Bank, the loan amount would be paid back to the PO.
Where will the Programme be conducted?
The Programme will be conducted at ICICI Academy
(Bangalore Campus or any other location as decided by
ICICI Bank). The campus is equipped with the best
educational infrastructure like air-conditioned classrooms,
video conferencing rooms, auditorium, well stocked library,
residential centre, recreation and sports facilities, etc. The
residential nature of the programme ensures that the POs
imbibe the culture and values of ICICI Group.
Career Options with ICICI Group
ICICI Group follows a meritocratic and performance
oriented culture where deserving employees are given
responsibility ahead of time. The POs on being absorbed
into the ICICI Group, will automatically be a part of the
prevailing Performance Management cycle and their
growth will depend solely on their performance and
delivery on the job.
Those POs who successfully complete the PO programme
will join at the grade of Assistant Manager (Band I) or
equivalent grade in the group companies. They can be
currently placed in any of the following areas:
• Trade Finance & CMS
• Private Banking & Wealth Management
• Risk and Credit Management
• Treasury Management
• Branch Management
• Relationship Management
• Any other Profile as decided by ICICI Bank.
Upon absorption in the ICICI Group, the Probationary
Officers will be on probation for a period of one year.
Probationary Officer Programme (07-08)
Probationary Officer Programme for the year 2007 & 2008
received huge response from across the country.
Shortlisted applicants were invited to appear in the Aptitude
Test, Group Discussion & Personal Interview. 825 Merit
Listed applicants, from locations across the country, with
varied culture & academic background, were invited to join
the Programme at ICICI Manipal Academy Hyderabad &
Bangalore campus in January 2008 and are currently
undergoing training. Another batch of 225 POs joined the
Bangalore Campus in August 2008 for which the selection
process was conducted in March & May 2008. Currently,
1050 Probationary Officers are undergoing training at ICICI
Manipal Academy Campuses at Hyderabad & Bangalore.