The Industrial Credit and Investment Corporation of India is one of the four big banks in India. Its headquarter is in the city and its registered workplace is found in Vadodara, Gujarat. It’s the banking enterprise for International Banking and Monetary Services. It’s 4867 branches and 14367 ATMs in seventeen countries of India. It’s 2 branches in the Kingdom of Belgium and European countries. ICICI Bank launched its web Banking service in 1998.
Read the whole article to mark your calendars with important dates. Know the requirements, salary, careers, eligibility criteria and recruitment score of 2021.
ICICI Success Journey: Why Choose ICICI?
#The Industrial Credit and Investment Corporation of India was established in 1994, an Indian financial institution.
#ICICI’s interest in The Industrial Credit and Investment Corporation of India was decreased to 46 percent in fiscal 1998 through a public offering of shares in India.
#The Industrial Credit and Investment Corporation of India was the first Indian corporation and the first non-Japanese Asian bank or financial institution to be listed on the New York Stock Exchange (NYSE) in 1999.
#In the year 2000, ADRs (American Depository Receipts) were issued and listed on the New York Stock Exchange.
#In fiscal 2001, Bank completed an all-stock merger with Bank of Madhura.
#They promoted secondary market sales to institutional investors in 2001 and 2002.
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Phase 1
#The merger of two of its wholly-owned retail finance subsidiaries and The Industrial Credit and Investment Corporation of India ICICI Personal Financial Services Limited and ICICI Capital Services Limited, with ICICI, was approved by the Boards of Directors of ICICI and The Industrial Credit and Investment Corporation of India in October 2001.
#The merger was approved in 2002 by the High Court of Judicature, the High Court of Gujarat, the shareholders, and the Reserve Bank of India.
#At their respective meetings in December 1996, the boards of directors of Bank and The Sangli Bank Limited approved an all-stock merger of Sangli Bank with The Industrial Credit and Investment Corporation of India.
Phase 2
#The RBI authorised the merger arrangement in April 1997.
#The merger of Bank of Rajasthan Ltd. and The Industrial Credit and Investment Corporation of India took place in August 2010. The combined branch network has grown to over 2500 locations across the country as a result of the merger.
With total assets of Rs. 1,098,365 crore (US$ 145.1 billion) at March 31, 2020, and profit after tax of Rs. 7,931 crore (US$ 1.0 billion) for the year ended March 31, 2020, ICICI Bank has gone a long way as India’s leading private sector bank. ICICI Bank now has 5,275 branches and 15,589 ATMs in India.
Phase 3
On March 17, 2020, Bank declared the launch of ‘ICICIStack,’ a batch of the country’s most complete digital banking services, to ensure customers have an endless banking background during the coronavirus outbreak when they are recommended to stay indoors.
At Bank, we believe that digitally-enabled banking products not only help our customers achieve their goals but also benefit our stakeholders.
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ICICI Bank PO Recruitment 2021
ICICI has used technology in our recruitment process since ICICI Bank has always been a leader in the use of technology.
With an internet connection and a webcam, they may conduct an interview from the comfort of an aspirant’s own home using I-Studio, an ICICI video-based platform.
They have a multi-stage recruitment procedure at The Industrial Credit and Investment Corporation of India.
Eligibility Criteria
Aspirants who are Indian citizens are eligible to apply for the PO Recruitment campaign.
Candidates applying for the PO Recruitment should be at least 25 years old as of August 31, 2019. The candidates must have been born on or after August 31, 1994.
Candidates applying for the PO August batch must be a graduate in any subject with a minimum of 55 percent in the aggregate.
Criteria in Glimpse
#Participants should not be older than 30 years old (as of July 1, 2020).
#Educated to a master’s degree in any discipline (minimum 55 percent in graduation).
12th and 10th grades – (minimum of 60 percent ) [Additional – You should have studied intermediate mathematics].
#CAs, Engineers, and Graduates from any subject who are working professionals (s).
#3 years of work experience is required (Full-time experience).
#Professional Experience – Preferably in the corporate finance, treasury, or investment divisions of a company.
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How to Apply for ICICI PO?
The PO application will be completed online at the official website. The PO application form does not require payment of an application fee. If no vacancies match the aspirant’s qualifications, they can register in the database and the bank will contact you when one becomes available.
Application Process
#Go to ICICI’s official website.
#Select “Recruitment Process” from the drop-down menu.
#Click the “Apply” button on the “Careers” tab.
#Next, go to the link for the job title “Probationary Officer.”
#Select “Apply Here” from the drop-down menu.
#Finally, press the “Sign Up” button.
#Upload your “Resume,” fill in your “Personal” information and click the “Next” button after filling in your “Contact” information.
#Fill in the blanks for “Work Experience,” “Academic Information,” and other supplemental information.
#Save the PO application form to your computer and print it out for future use.
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ICICI PO Careers 2021
#Application: The aspirants can apply online for employment postings that match their qualifications. If no opportunities match their qualifications, they can register in the bank’s database and the bank will then notify them when one becomes available.
#Shortlisting: The profile will be narrowed down based on education, age, and job experience, and they will be notified if one is selected for an opportunity.
#Personality Profiler: Prior to the interview, the aspirants will be requested to complete an online personality profile questionnaire.
#Documentation: As part of the procedure, one must submit specific documents prior to the interview.
Interview and Joining
#Interview: The date, time, and location for the interview and discussion will be communicated, and it will take place in person, by video conference, or via I – Studio.
#Offer: They will communicate with them about the job location, function, and remuneration, after which they will receive a formal offer to join.
#Joining: Based on the documents aspirants have submitted, a background check will be performed. They will begin their career through the I-Banker programme, which is a unique induction programme.
Interview Phases
#Psychometric Questionnaire on the Internet
The online psychometric test is used to assess the applicant’s teamwork, event management, leadership, and other attributes. This test is also used to see how candidates react in different situations. In order to go to the next step, aspirants must complete this personality-based test.
#Discussion in a Group
Those who pass the online aptitude test and take the psychometric test will be invited to participate in a case-based group discussion. This test will assess a candidate’s ability to operate in a group as well as their analytical abilities. Candidates will receive notification of their participation in this test through email.
#Personal Interview
Candidates who pass the GD round will now be required to attend a personal interview the following day.
ICICI Bank PO 2021 Salary
The pay scale for a Probationary Officer is INR 4,00,000 per annum.
The structure of the PO Salary 2021 is likewise extremely outstanding. Employees at banks have access to a variety of benefits and opportunities that help them advance in their careers.
Salary Structure
Employees receive a fixed Salary Structure plus a performance-based bonus. The following is the PO Salary Structure, which comprises the basic salary and additional allowances. All of the above allowances add up to a salary in hand.
#Basic ICICI Bank Salary
#House Rent Allowance
#Conveyance Allowance
#Superannuation Allowance
#Leave Travel Allowance
#Additional HRA Allowance
#Canteen
#Medical
#PF & Gratuity
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ICICI Bank PO 2021 Syllabus and Exam Pattern
| Subject | Number of Questions | Marks |
| Logical Reasoning | 20 | 20 |
| Quantitative Ability | 20 | 20 |
| English Language | 20 | 20 |
| Total | 60 | 60 |
Logical Reasoning
#Ranking/Direction/Alphabet Test
#Alphanumeric Series
#Coded Inequalities
#Logical Reasoning
#Blood Relation
#Syllogism
#Coding Decoding
#Input-Output
#Data Sufficiency
#Tabulation
#Puzzle
#Seating Arrangement
Quantitative Ability
#Simplification.
#Time and Distance
#Mixture & Allegation
#Simple Interest
#Compound Interest & Indices
#Date Interpretation
#Percentage
#Mensuration – Cylinder, Cone, Sphere
#Ratio and Proportion.
#Sequence & Series
#Number System
#Permutation and Combination.
#Probability
#Profit And Loss
English Language
#Fill in the blanks
#Reading Comprehension
#Miscellaneous
#Multiple Meaning /Error Spotting
#Cloze Test
#Paragraph Completion
#Para jumbles
ICICI Bank PO Admit Card
The admit card for PO will be available online. The admit card will be emailed to each applicant’s registered email address. The candidate’s name, date of birth, and examination hour will all be listed on the hall ticket. The applicants must have their admit cards with them in order to take the exam. They will not be allowed to take the exam if they do not have this.
ICICI Bank PO Results
The ICICI PO result will be available in PDF format on the internet. The contestants’ names and application numbers are included in the result. The link to the results will be available on their official website.
ICICI Bank PO Admission Process
Candidates whose names appear on the ICICI PO merit list will be further selected for the training processes as follows after the list is released.
#Term 1– 4 months of classroom training at IMA, Bengaluru
#Term 2– 2 months of Internship at ICICI Bank
#Term 3– 2 months of Classroom training at IMA, Bengaluru
#Term 4– 4 months of On-the-job training at ICICI Bank
ICICI Bank PO Fees
Candidates must pay the following amount in order to continue with the one-year PGDB programme:
Rs. 3,71,700/- (including goods and service tax on a loan of Rs 3,15,000/-).
(Cost of Tablet+Cover+SD Card+VAT) Rs. 16,800/-
The aspirants will have to pay a total of Rs. 3,88,500/-.
ICICI Bank PO Dates
The latest employment announcement for Probationary Officers will be released soon by PO Recruitment 2021. The Industrial Credit and Investment Corporation of India will announce a number of new job openings for this recruiting drive.
This is a fantastic chance for experienced and industrious people to apply for this prestigious position. Interested and qualified applicants who wish to apply for this prestigious position must submit their application forms online.
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ICICI Bank PO: Programme Highlights
At the ICICI Manipal Academy (IMA) campus in Bengaluru, there is a one-year residential programme, which comprises on-the-job training and internship with ICICI Bank.
The programme takes a balanced approach to give important information inputs, deepening sales and interpersonal abilities and influencing required behaviours.
Knowledge and skills in essential banking areas such as systems, banking products, regulations, processes, and compliance frameworks are imparted during the course.
With over a thousand real-life case studies on service, sales, and compliance topics interwoven throughout the course curriculum, the new curriculum places a stronger emphasis on skill development for Probationary Officers so that they can start delivering productivity right away.
Some More
Co-teaching is an example of an innovative pedagogy tool that aims to improve the trainees’ end-to-end learning experience.
Experts from banks as well as experts from prominent overseas colleges train the professors on a regular basis.
Infrastructure that is state-of-the-art, including a computer lab and a Simulator Branch & Processing Center for hands-on learning.
Students might choose to concentrate on several aspects of sales and relationship banking.
Some More
Students are hired as frontline sales and relationship managers in Deputy Manager Band I grade after completing the training programme, and they also receive a Post Graduate Diploma in Banking from Manipal University.
During both college terms and internships, students are paid a monthly stipend.
More than 20,000 students have been involved with the programme, and more than 18,000 have graduated since its inception.
Conclusion
The Industrial Credit and Investment Corporation of India (ICICI) holds an annual recruiting procedure to choose deserving applicants for Probationary Officer positions. The ICICI Bank has partnered with Manipal University to offer the Post Graduate Diploma in Banking (PGDB).
Hopefully, this article has provided the aspirants with all the information that they are searching for. UPSC Pathshala has been providing coaching for all those candidates who are preparing for Bank POs. If the aspirants are looking for the best online coaching and lectures, visiting UPSC Pathshala is the ultimate stop.
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