ICICI bank has a tie up with Manipal university for training candidates desirous of banking career and ICICI bank conducts a selection process and sponsors such candidates for a One year full time residential programme for Post Graduate Diploma in Banking(PGDB). The one year programme is conducted at the IMA campus(ICICI Manipal Academy campus) at Bengaluru and it includes internship at ICICI bank. On successful completion of the PGDB, they are absorbed in ICICI bank as Deputy Manager Grade I. This is apart from awarding the PG diploma in banking.
ICICI bank gives loan to the selected candidates to meet the cost of the programme. The same is recovered from the salary they get after being absorbed in the bank. During training a stipend is also given.
Some other banks like Indian Overseas Bank also had recruited probationary officers by this method.
This years selection is over. For knowing more details you may visit icicicareers .com website.