IIT-M to offer skill development courses in Banking & Finance

CHENNAI: IIT Madras's technology innovation hub Pravartak Foundation will be offering industry-relevant upskilling courses for students to build a career in banking and finance.

The courses are being offered in collaboration with Digital Skills Academy, an initiative of IIT Madras, with InFactPro, a premiere finance sector certified trainer in Chennai, a release from IIT-Madras on Monday said.

InFactPro is a training partner of the Banking and Financial Services and Insurance Sector Skill Council of the Skills Development Ministry.

Almost 30 lakh aspirants write different bank recruitment examinations every year with only 0.5 percent clearing them. These students have a huge set of opportunities waiting for them in the finance and banking space provided they are ready to get upskilled.

The demand for banking and financial services is increasing in tier 2 and tier 3 cities and naturally, the demand for training professionals is also increasing in these cities. Further details about the course enrolment and curriculum can be obtained from in the websites.

Prof. V Kamakoti, Director, of IIT Madras said, “Education is a continuous process, students and professionals have to continuously upgrade their knowledge and skills to stay competitive at work. Learning is a life-long process. These courses will reach learners from all parts of our Nation and particularly, the remotest part of India where outreach of digital literacy is minimal, and will help everyone to stay ahead in the chosen career journeys".

Elaborating on these courses, Prof. K Mangala Sunder, Principal Coordinator of Digital Skills Academy, Centre for Outreach and Digital Education (CODE), IIT Madras, said, "With the recent technological advancement and digital adoption in the BFSI sector, recruiters are on the lookout for the candidates with the right skills. It is important for students graduating from college to build BFSI domain expertise.

He said: "These certification courses provide an in-depth understanding of the principles of Banking and Finance, Mutual Funds, Equity Derivatives, Digital Banking, Securities Operations, and Risk Management. IIT Madras Digital Skills Academy has joined IIT-M Pravartak and aims to impart industry-relevant skills and provide employable women and men for the BFSI sector.”

These courses are taught by some of the most experienced faculty in the industry and academia.