Timespro Banking Course
Times of India has launched a banking course targeting fresh graduates.
This course though can give understanding of banking operations and processed but for sure is not a replacement of a professional qualification.
Student looking to build a long term career should focus on more structured courses like CA, CFA or CIMA.
- Timespro banking course is a good course for getting knowledge of banking operations and process. It can certainly give edge to a candidate in comparison to only graduates.
- 6 month duration diploma course can never be a replacement of a professional qualification and thus may be only a short term solution for the students looking to get a job.
- Fees @ Rs. 85,000 seems to be quite high, this being a short term course.
- Certification is given by Times of India group, which will be valid only for the banks with which TOI group has tieups.
|Eligibility||Min. 50% Marks in Graduation, less than 26 years of age|
|Process||Clear Times Pro Admission (TAP) Test|
|TAP Test||Passing this is a pre-requisite for taking an admission to the course. Candidates will be allowed a maximum of three attempts for the TAP test. – Fees for TAP is Rs. 500|
|Course Fees||Rs. 85,000 (all inclusive)|
|Placements||3 interviews guaranteed with private banks after completion of the course|
|Curriculum||Course consists of 15 modules. See detailed curriculum at the end.|
|Expected Salary||2 to 3 lakhs per annum|
|Certification||From Times of India Group|
Introduction to Banking-: The module provides insight into the banking sector, which is one of the largest employers in the country and has the potential to provide over 7,50,000 jobs in the course of the next five years.
Law and Practice of Banking-: The module deals with the Constitution and Regulation of Banks, and the laws that impact banking operations, transactions and relationship with the stake-holders.
Accounting and Financial Mathematics for Bankers-: This module covers accounting terminology, principles and concepts which revolve around the 4 key elements of accounting – assets, liabilities, income and expense.
Retail Banking-: This module covers the set of services that a bank provides to the end consumer, which includes transactions like savings and current accounts, fixed deposits, recurring deposits, mortgages, personal loans, debit/credit cards, etc.
Business Banking-: This module covers services that a bank provides to other institutions. Services include currency conversion, working capital financing, large trade transactions, etc.
NRI Banking-: The NRI Banking module forms an important segment from a business point of view. NRIs earn foreign exchange which they can deposit in banks that are authorized by the RBI to accept such deposits. Due to the sheer volume of business, many banks have dedicated branches in locations where there is a high concentration of NRIs.
Wealth Management and Financial Planning-: The wealth management module incorporates financial planning, investment portfolio management and a number of aggregated financial services.
New Age Banking-: The module deals with distribution channel strategies used to deliver financial services outside the ambit of bank branches. These strategies help an existing bank branch network to offer customers alternate channels (such as the internet, mobile, etc.) through which they can access financial services.
Communication Skills-: Communication skills are imparted to help students perform basic functions of management, i.e., planning, organizing, leading and controlling.
Sales and Relationship Management-: This module helps learners improve their selling and relationship-building skills.
Essentials of Customer Service-: The module involves understanding aspects such as speed and accuracy of back-end and front-end operations, understanding customer needs, resolving customer queries, etc. Learners are also taught to use customer service management software.
Business Intelligence-: The module covers technology applications that support branch banking and new-age banking operations (e.g. ATMs, mobile banking & internet banking), and customer relationship management tools.
Core Banking Software-: This module provides learners a thorough understanding of the various banking processes such as; opening, closing, activation, deactivation of customer accounts; cash deposit and withdrawal transactions; the process of transfer transactions; generation of reports, etc. The module also provides a detailed processes study of the use of Finacle to operate these processes.
Management of Banks-: This module discusses concepts of banking that are essential to maintaining the financial health of a bank and improving its performance in a competitive environment.