Manipal Academy Of BFSI And Axis Bank Launch Women-Exclusive Young Bankers Cohort

Nagpur, December 2024 – Manipal Academy of BFSI (MABFSI), India’s leading learning solution provider for the BFSI sector, recently announced its partnership with Axis Bank for the launch of the Axis Bank Young Bankers Program Women’s-Only Cohort. The diversity cohort was officially inaugurated at the MABFSI campus in Bengaluru by Rajkamal Vempati, President & Head – Human Resources at Axis Bank, reaffirming the Bank’s dedication to building a diverse and inclusive workforce.

The Young Bankers Program, a collaboration between Axis Bank and Manipal Academy of BFSI, has successfully trained over 16,000 graduates over the past 12 years. With the introduction of the new women-only cohort, female participation has seen a significant increase. The program now includes 700 women, improving the gender ratio from 31% to 38% for FY 24-25, marking a notable advancement compared to previous cohorts. To measure the success of the cohorts, MABFSI and Axis Bank implement continuous assessments and specific interventions. Additionally, the learning experience is enhanced through workshops on gender sensitization, stress management, and career development, ensuring graduates transition smoothly to the workforce.

Aatash Shah, Senior Vice President & Head – Business, Manipal Academy of BFSI said, “We are delighted to continue our partnership with Axis Bank to empower young women with the skills needed to excel in the banking sector. This program is designed to ensure that graduates are not only prepared but also equipped to thrive in their banking careers.”

Rajkamal Vempati, President & Head of Human Resources at Axis Bank, stated, “At Axis Bank, we are dedicated to ensuring that women remain in the workforce and develop into well-rounded bankers. Our diversity batch in the Axis Bank Young Bankers program includes a talented group of women, with 24% being married and 44% over the age of 25. Over the years, we have successfully integrated numerous young women who have brought fresh perspectives and innovative solutions to our operations. Looking ahead, we are committed to continuing our investment in talent by providing comprehensive training programs, mentorship opportunities, and a supportive work environment.”

The Axis Bank Young Bankers Program is a comprehensive one-year course that includes four months of classroom training at the MABFSI campus in Bengaluru, covering banking fundamentals, a three-month internship at Axis Bank branches across India, and five months

of on-the-job training. Graduates who complete the program receive a Post Graduate Diploma in Banking Services from Manipal Academy of Higher Education (MAHE), equipping them with industry-relevant knowledge and skills. Axis Bank, in collaboration with MABFSI, aims to achieve 50% diversity in the upcoming batches.

About Manipal Academy of BFSI (A UNext Learning entity)

Manipal Academy of BFSI, a UNext Learning entity backed by the Manipal Education and Medical Group (MEMG), is a premie4r institution that provides industry-relevant education and training for freshers and existing professionals, in traditional operations, sales, and new-gen roles for the banking, financial services, and insurance sectors.

With a focus on innovation and learner-centricity, Manipal Academy of BFSI offers a wide range of programs designed to equip individuals with the skills and knowledge to thrive in the BFSI industry. 200,000+ professionals trained since 2008 across banking, insurance and financial services, Manipal Academy of BFSI has partnered to hire and train for over 50 leading banks, insurance, and non-banking financial services in India. Today, the academy of BFSI annually trains over 15,000 BFSI industry professionals for its industry partners.

About Axis Bank

Axis Bank is one of the largest private sector banks in India. Axis Bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture, and Retail Businesses. As on 30th September 2024, the Bank’s overall distribution network includes 5,577 domestic branches and extension counters, along with 182 Business Correspondent Banking Outlets (BCBOs) situated across 3,062 centres and 14,728 ATMs and cash recyclers. The network of Axis Bank enables the Bank to reach out to a large cross-section of customers with an array of products and services. The Axis Group includes Axis Mutual Fund, Axis Securities, Axis Finance, Axis Trustee, Axis Capital, A. TReDS Ltd., Freecharge, Axis Pension Fund and Axis Bank Foundation.

For further information on Axis Bank, please visit – https://www.axisbank.com

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