ICICI NEW VACANCY UPDATE FOR FRESHERS
Some information About ICICI Bank
ICICI was formed in 1955 at the initiative of the World Bank, the Government of India and representatives of Indian industry. The principal objective was to create a development financial institution for providing medium-term and long-term project financing to Indian businesses. Until the late 1980s, ICICI primarily focused its activities on project finance, providing long-term funds to a variety of industrial projects. With the liberalization of the financial sector in India in the 1990s, ICICI transformed its business from a development financial institution offering only project finance to a diversified financial services provider that, along with its subsidiaries and other group companies, offered a wide variety of products and services. As India's economy became more market-oriented and integrated with the world economy, ICICI capitalized on the new opportunities to provide a wider range of financial products and services to a broader spectrum of clients. ICICI Bank was incorporated in 1994 as a part of the ICICI group. In 1999, ICICI became the first Indian company and the first bank or financial institution from non-Japan Asia to be listed on the New York Stock Exchange.
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The issue of universal banking, which in the Indian context meant conversion of long-term lending institutions such as ICICI into commercial banks, had been discussed at length in the late 1990s. Conversion into a bank offered ICICI the ability to accept low-cost demand deposits and offer a wider range of products and services, and greater opportunities for earning non-fund based income in the form of banking fees and commissions. After consideration of various corporate structuring alternatives in the context of the emerging competitive scenario in the Indian banking industry, and the move towards universal banking, the managements of ICICI and ICICI Bank formed the view that the merger of ICICI with ICICI Bank would be the optimal strategic alternative for both entities, and would create the optimal legal structure for ICICI group's universal banking strategy. The merger would enhance value for ICICI shareholders through the merged entity's access to low-cost deposits, greater opportunities for earning fee-based income and the ability to participate in the payments system and provide transaction-banking services. The merger would enhance value for ICICI Bank shareholders through a large capital base and scale of operations, seamless access to ICICI's strong corporate relationships built up over five decades, entry into new business segments, higher market share in various business segments, particularly fee-based services, and access to the vast talent pool of ICICI and its subsidiaries.
In October 2001, the Boards of Directors of ICICI and ICICI Bank approved the merger of ICICI and two of its wholly-owned retail finance subsidiaries, ICICI Personal Financial Services Limited and ICICI Capital Services Limited, with ICICI Bank. The merger was approved by shareholders of ICICI and ICICI Bank in January 2002, by the High Court of Gujarat at Ahmedabad in March 2002, and by the High Court of Judicature at Mumbai and the Reserve Bank of India in April 2002. Consequent to the merger, the ICICI group's financing and banking operations, both wholesale and retail, were integrated in a single entity.
Some best common posts in Banking with ICICI
1. Phone banking Officer - In this post your roles are about to do two types of calls ;-
Outbond call - In this you have to make the calls to the upcoming customer and join them to superior destiny.
Inbond call - In this you have to recieve the call of the customers and resolve their query as soon as possible .
You have to give the first call resulotion to the client or coustomer.
2. Relationship Manager - In This post you have to just handle the relation between the coustomers and the bank in the superior field as given below ;-
. Bank Account
. Credit card Department
. Demat Holders etc...
3. Relationship Manager ( Production ) - In This post you have to just get all the production work under you. Like the credits and all the netbanking which al;l the RMS are operating. The main work of the poduction RM is to handle the Relation Production.
4. Customer Care Executive - In This Post You Can relate this post with same as the phone banking officer. In this also you have to solve the queries of the customers as soon as possible .
Selection process of ICICI BANK JOBS VACANCY
Recruitment process at ICICI Bank has two fundamental pillars, on one hand introduction of technology and usage of newer systems and work process with a focus to make the process seamless and standardized; at the same time the emphasis has also been towards ensuring best in class applicant's experience during the entire recruitment life cycle. At ICICI Bank, we strive towards uniformity in the recruitment process so as to ensure applicant's experience is of the highest order and it is our continuous endeavor to deliver the promise of Fair to the Bank and Fair to the Customer with a focus on Saath Aapka propositions.
At ICICI Bank, we follow a multi stage recruitment process.
Stage 1 Application: You may apply online against the current job openings that match your profile. If there are no openings that match your profile you can register in our database and we will contact you when a vacancy arises.
Stage 2 Shortlisting: Shortlisting of the profile will be done based on the relevance to the job requirement and you will be informed once you are shortlisted for an opening.
Stage 3 Pre-Interview Documentation: You are required to submit your latest resume, photograph and declaration-cum-undertaking, prior to the interview as part of the process. Also, complete personality profile questionnaire(for specific roles).
Stage 4 Interview: The shortlisted candidates will be shared time, date and venue for the interview and it may be carried out in person or through virtual platforms.
Stage 5 Offer: Once shortlisted, you will be required to submit documents such as your educational and experience certificates. Post the documents verification, we will reach out to you with the best offer to join us.
Stage 6 On-boarding: You will start your professional journey with ICICI bank through I-Banker a special induction program. Post which, your background verification will be conducted based on the documents you have submitted.
We look forward to having you as a trusted and proud member of the ICICI Bank family.
