NIIT to impart training to employees in banking, insurance sectors

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NIIT Ltd soon going to launch training programme for employees in financial services and insurance sector (BFSI) according to its CEO Sapnesh Lalla. However there is no information about time frame it will take for launch.

NIIT to launch training programme for employees in banking insurance sector
NIIT to launch training programme for employees in banking insurance sector

The decision has been taken in wake of demands of investment among the middle class families who are looking to channelise their income to secure their asset, wealth and get beneficial results. The demand will turn to need for financial services and insurance products. Two sectors will recruit employees in large numbers. It will necessitate the training of employees  about financial and insurance products.

NIIT has already established as a strong player in providing training for employees in the banking sector. In the last five years, the company had trained nearly 50,000 in areas such as sales and customer relationship for banking sector. This model will be replicated for financial services and insurance sectors, he said.

NIIT Ltd is already providing training services to ICICI bank, its anchor client and many other banks. Similarly, it will have anchor clients in both financial services and insurance sectors, he said.

For NIIT, nearly 65 per cent of revenue comes from the corporate business providing training to employees of clients such as Shell, Salesforce.com, SAP, GSK and Rolls Royce. The balance is from retail business and school segments, he said.

On demand from IT and ITeS segment, Lalla said the sector continues to grow and there is a huge demand to re-skill employees.

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