tripartiteMoU

DHFL, NIIT IFBI and NIIT University enter into a tripartite MoU to offer one-year Post Graduate Program in Financial Services

May 11, 2015
DHFL, India's leading housing finance company in the private sector entered into a tripartite Memorandum of Understanding (MoU) with NIIT Institute of Finance Banking & Insurance Training Ltd (IFBI) and NIIT University to launch a one-year Post Graduate Program in Financial Services.

The program will offer graduates in tier II and tier III cities career opportunities in India’s promising housing finance sector.

The first batch of a minimum of 50 qualified housing finance professionals trained in the sales and credit functions would be absorbed by DHFL branches in the identified Tier II and Tier III locations post successful completion of the one-year program.

The one-year Post Graduate Financial Services, by NIIT University in collaboration with NIIT IFBI will comprise of a 9 months residential program at the NIIT University campus, followed by 3 months of internship at a DHFL branch/office.

Upon successful completion of the program, the students will be awarded with a certificate by NIIT University and will be absorbed by DHFL as an employee of the company designated as a management trainee.

Given the importance of the quality job creation in the housing finance sector, the program aims to impart knowledge and develop skills in housing finance service quality, credit management, operations, sales, general management, and relationship management.

To make the learning more interactive and valuable, the internship will be based out of the Tier II and Tier III cities which are the crucial target markets for DHFL.

This will enable the students to get a comprehensive experience about the sector and the business, which will ensure that the housing finance industry attracts the perfect mix of students with astonishing talents.

Mr. Harshil Mehta, CEO, DHFL, said,"DHFL's tie-up with NIIT IFBI and NIIT University reinforces the Group's three decades old philosophy and vision to strengthen India's economy at grass-root level. DHFL is committed to building quality, tech smart and a financially aware talent pool for the emerging markets to help provide best-in-class financial services for enabling home ownership in tier 2 and 3 towns for every Indian, especially in the LMI segment.”

Mr. C. D. Ramesh, Head, Human Resources, DHFL, said, "The objective of this tie-up is to provide employable skills to deserving graduates and at the same time provide them with an exciting career opportunity with DHFL.

The program is aimed at equipping the students with the required knowledge and skills in financial services with focus on Housing finance and mortgage lending.
While we are launching this program with 50 participants from across India to begin with, the idea is to gradually increase these numbers going forward.
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