Institute of Finance Banking and Insurance, [IFBI] Agra

Jaya Laxmi

Institute of Finance, Banking and Insurance (IFBI) were set up in 2006 to provide skilled manpower requirement of the exponentially growing Finance sector in India collaborated with NIIT. NIIT IFBI is uniquely positioned to address the skilling needs of banks and the financial sector with its expertise in content development, expert faculty, and pan India spread of training locations.

IFBI courses offer programs in Banking and Insurance sector in various disciplines such as Banking and Finance, Sales and Relationship Banking, Relationship and Wealth Management, Life Insurance, General Insurance. NIIT IFBI offers specialized programs to create a continuous talent pipeline of high-quality workforce with banking industry-relevant skills. The programs are immersive and flexible, which helps to create a future-ready talent for banks. This includes training programs for fresh hires as well as the existing workforce.

Mentioned below are some focal points of the university -

• Many leading Indian private and public sector Banks have partnered with NIIT IFBI for their talent development needs.
• The only Training Institute in India that has trained over 2,50,000 professionals for the Banking and Finance Industry.
• 50,000+ incoming talent trained to be job-ready and productive on the first day.
• Existing industry professionals are trained to upskill their domain, customer/relationship management and technology skills and expertise.

IFBI Quick Links:

• Highlights
• IFBI Courses
• IFBI Awards
• Academic partnership
• FAQs
• Admission

IFBI Highlights:

The Highlights of IFBI like address, contact number, email and programs offered are mentioned below.

IFBI Courses:

IFBI provides programs in terms of banking, Finance and Insurance.

Talent Pipeline for Banking:

As the era of digitization is going, for the first time in the history of Indian Banking, almost two-thirds of all banking financial transactions are now digital. Banking operations roles are vanishing and Non-Banking Financial Companies (NBFCs) are expanding the reach of banking using technology and non-traditional channels. The changing market dynamics create a need for Indian banks to reskill their workforce in new ways of customer acquisition and customer service.

The programs are driven by the real tasks that learners perform at the workplace. Too much time taken between the learning and the application could have a negative impact on retention. Through real simulations and scenarios, learners systematically solve problems, commit mistakes, reflect on the gaps, research to plug those gaps and move towards achieving the goals. This helps in higher recall and faster readiness to perform the job. Through regular support from the mentors, learners will understand the industry perspective and the practices that lead to success.

The main highlight of the program is, it is delivered by industry experts and practitioners and enabled by the technology and domain partners. The program is designed to create a high-quality, job-ready workforce. Below are the programs specialized for the Banking sector.

• MBA in Digital Finance
• Post Graduate Diploma in Banking and Finance
• Post Graduate Diploma in Sales and Relationship Banking
• Postgraduate Diploma in Relationship and Wealth Management.

The Wealth management program enables the participants to understand customer mindshare, design profitable portfolios, conduct investment planning and execute it ethically to create lasting customer relationships. Two programs are available based on the entry skill level of the participants. One is for Experienced Relationship Managers and the other is for freshers. For experienced, the course duration will be one month and for freshers, the duration will be six months. The main aim of the program is to hold intelligent conversations with customers around the financial industry as a whole. It conducts financial planning, execution and realignment across a variety of products.

The Sales and Relationship program prepares a fresh graduate to face customers confidently from day 1, build and nurture relationships and generate value for customers and for the bank. Through continuous practice, the participants develop skills to provide the right solutions to new and existing customers. The program is related to Virtual relationship management. Virtual Relationship managers are a high potential channel for banks for revenue generation through customer retention, cross-selling and portfolio management. Banks are investing significantly in strengthening the VRM talent for better customer experience and higher revenue.

Talent Pipeline for Insurance Companies:

Indian Insurance is into a new era and the insures now need to adapt a new way of working to deliver the 'future of work'. NIIT IFBI understands this change and offers unique programs to create future-ready talent for insurance companies. NIIT IFBI delivers these programs in collaboration with NIIT University at Neemrana. The programs offered in terms of Insurance are:

• Post Graduate Diploma in Life Insurance
• Post Graduate Diploma in General insurance.

The duration of the program in 1 year which includes 4 months on campus and 8 months of internship an on the job training. The programs involved in both academically rigorous courses, and also projects, assignments, internships, leadership interactions, finishing school and other off-curriculum components. It aims to create exceptional leaders and targeted to bring a higher level of knowledge, skills as well as attitude in the learners.

Another program available in the Institute is the Onboarding programs which are designed to train fresh and lateral hires to become day 1 job-ready professionals. The program framework is very flexible and can be contextualized to a bank, an insurance company or to a non-banking financial company.

The onboarding programs are available for the following roles:

• Probationary officers of banks
• Front-lines sales workforce of banks, insurance companies and NBFCs
• Customer Service professionals

Institute of Finance Banking and Insurance Awards:

NIIT IFBI has awarded for their outstanding performances in the industry.

• Awarded as the most innovative Recruitment Management Initiative by ET Now.
• Achieved Best Vocational Institute for Banking, Finance & Insurance by Franchise India in 2015
• Best Training School in Banking & Financial Services Courses by Education Excellence Awards.

IFBI Industry and Academic Partnership:

IFBI has a partnership with the below mentioned Institutes.

• NIIT University (NU)
• Uplifting Service (UP)
• NSE Academy
• Finacle Infosys value partner.

NIIT University (NU) is located in Neemrana Rajasthan. It offers post-graduation diploma and certification programs to corporate learners. NIIT has partnered with Uplifting service to help corporates in India to implement service excellence initiatives.

Partnership with NSE Academy provides rich and contemporary content to the corporate learners. NIIT IFBI is the authorised partner of Infosys for Finacle learning.

IFBI FAQs:

1. What are the programmes offered by the Institute of Finance Banking and Insurance?
   - The programs offered by IFBI are MBA and PG Diploma courses in the field of Banking, Finance and Insurance.

2. What is the Contact Number of the IFBI Agra?
   - The contact number of IFBI is 9267777755.

3. Is IFBI has collaborated with other Industries?
   -Yes, Institute of Finance Banking and Insurance have partnered with NIIT University, NSE Academy, Infosys, etc.

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Institute of Finance Banking and Insurance Admission:

IFBI offers admission to various programmes in the field of Banking, Finance and Insurance. The IFBI admissions can be done online on the official website of the institute.