ICICI Bank PO Recruitment November 2012 & February 2013 - Apply Online

ICICI Bank PO Recruitment 2012 will be held on the month of November and subsequently on February 2013 and the online application process for the Probationary Officer Programme is ongoing for all the interested candidates. It is believed to be one of the best destination to seek bank jobs in India and the number of interested applicants in the previous recruitment drives is a proof to the fact. Moreover, it is said to be one of the largest bank operating in India having placed in the 2nd position in terms of assets and 3rd in market capitalization. The ICICI bank has now issued a latest notification to inform all interested candidates that the application process for the training programme has started which is meant for graduates fulfilling certain prerequisites and the same will remain open for new registration upto 15th July 2012. The selected candidates will be asked to undergo a training at their own expenses (*conditions apply) and on successful completion of it, they will be absorbed as Assistant Managers in Band I. The overview of the important details such as eligibility, selection process etc. are discussed below:-

ICICI Careers Probationary Officer Programme - Job Details
Online Application Last Date 15/07/2012
Name of the Post Assistant Managers (Band I)
Gross Salary Above Rs. 4 lakh (Cost To Company)

ICICI Bank PO Recruitment 2012-13 Eligibility Criteria

The November 2012 and February 2013 batch of the Probationary Officer Training Programme of ICICI Bank involves few eligibility requirements which must be fulfilled in order to apply. First of all, the applicant has to be a graduate having Bachelor degree in any discipline and scoring atleast 55% marks in aggregate from a recognized university. The upper age limit for this recruitment process is 25 years as on 31st October 2012. Moreover, it is mentioned in the notification that the blood relatives of the bank are not eligible to apply except those belonging to the ICICI Group Companies.

What are the selection procedure involved with this PO Recruitment?

The process of selection includes a number of exams that will be conducted both online & offline and shortlisted candidates will be asked to appear in such test. For instance, there will be an online aptitude test which will be held on July 2012 to be followed by a Personal Interview and Case-based Group Discussions on the month of August and September (Tentative). Further, there will also be an Online Psychometric Assessment as part of the multi-stage selection process. The candidates who qualifies in the Group Discussions will have to appear in the Personal Interview on the same day.

The applicants who have registered online within the last date will be intimated regarding their status of being shortlisted for selection process by SMS or Email and such candidates will also receive call letters indicating the venue and date of the test/interview to be held in the country in all 4 zones.

ICICI Bank PO Recruitment November 2012 & February 2013 Facts

Well, this ICICI PO Recruitment process is a bit different from what is being offered by other banks and the details are provided in the form of Frequently Asked Questions (*copy attached below). It must be noted here that the online registration which is going on for the above recruitment is about a PO Training Programme of 12 months which is introduced by ICICI Manipal Academy that is offering job guarantee to the successful candidates of the training and internship programme. Basically, the 12 months training involves 9 months of residential classroom training and rest 3 months of Internship with Stipend.

However, it is not free to join and involves some investment as mentioned in the notification. It mentions that the selected candidates will have to invest around Rs.3.35 lacs for undergoing the training and the said amount will be financed by the bank as loan with subsidized interest rate of only 2.5% p.a. This loan will have to be repaid only after joining the bank as PO (i.e. Assistant Manager Band-I) in the form of 60 EMIs. Having said that, the loan amount in EMI amounting to Rs.5,900/- p.m. approx. will be recovered from the first salary onward of the candidate after joining his duty. There are few more fee involved and the same can be seen from the notification as provided by the official career website.

However, the training itself will be provided in two phases - (i) 12 months On-campus training and (ii) 18-30 months optional online training. The second phase is optional and can be done along with the PO job if the candidate so desires. On completion of the second phase, the candidate will be awarded MBA degree in Banking & Finance by Manipal University. The cost of opting for the second phase after being appointed as Assistant Managers is around Rs 1.25 lakh to be charged as tuition fee.

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For further details and to download ICICI Bank PO Sample Question Papers, refer below:-

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