TalentSprint to train 50,000 banking aspirants by 2015

TalentSprint has acquired Deccan Career Point, a bank exam coaching outfit, to bolster its offerings in the banking sector

Hyderabad-based TalentSprint, a NSDC (National Skill Development Corporation) partner company which is into skill development and training space, is aiming to train around 50,000 aspirants by 2015 through.

TalentSprint has acquired Deccan Career Point, a city-based bank exam coaching outfit, to bolster its offerings in the banking sector, and has launched 'Bankers Choice', a comprehensive exam preparation program for IBPS (Institute of Banking Personnel Selection) recruitment in Andhra Pradesh, Karnataka, Tamil Nadu and Kerala.

K Sridhar, senior vice-president, TalentSprint, said, "We are planning to roll out this programme across the southern states as an enabling platform banking aspirants."

"The banking related jobs have a huge demand in the country. Currently, Andhra Pradesh has around 3.7 lakh, Karnataka 1 lakh, Tamil Nadu 1.4 lakh and Kerala has around 2 lakh banking aspirants. Whereas, only 2 per cent these aspirants are able to clear the banking recruitment exams," he added.

MC Jacob, senior adviser to TalentSprint and former chief general manager of State Bank of Travancore, said, "The Indian banking sector urgently needs significant infusion of new talent due to high demand for banking services, financial inclusion imperatives, and large scale retirement. It is estimated that around 7.5 lakh new jobs will be created in banking sector over the next five years."

TalentSprint has assembled a team of leading banking and financial services professionals for training and mentoring the banking aspirants. The 'Bankers Choice' programme is offered in multiple formats through classroom and online channels.

NSDC has extended a Rs 10-crore ‘venture debt’, to be released in three tranches with the last being Rs 3 crore in 2013, to TalentSprint to build iPEARL (Interactive Platform for Remote Employability and Learning remote classroom initiative). The interest rate is 6 per cent with a repayment period of 7 years starting 2013.

TalentSprint had raised Rs 20 crore from Nexus Venture Partners in April this year to support its expansion activities.