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`Stock market rise indicates strength of Indian economy'

Staff Reporter

ICFAI launches postgraduate diploma for jobs in services sector

MADURAI: "The first and second quarter financial results declared by companies and the record highs in the country's stock market adequately prove that India is the fastest growing market where services sector has been playing a vital role," R. Rajaram, Senior Divisional Manager, Life Insurance Corporation of India (LIC), Madurai, said here on Saturday.

He emphasised that the banking, finance and insurance sectors were contributing in great measure to the economic growth and service sector will throw up good career opportunities for students in the years to come.

Mr. Rajaram was speaking after inaugurating the Post-Graduate Diploma course in Banking, Finance and Insurance (BFI), launched by the Institute of Chartered Financial Analysts of India (ICFAI), to train skilled manpower for the growing sector.

According to him, the rising stock market in India, the large collections made by mutual fund companies, growing direct taxes collection, reforms in pension sector funds and rapid increase in insurance policies were all indication of strong economy.

"However, we require competitiveness and talented hands for sustaining the momentum in the service sector. The new course launched by ICFAI National College is an integrated course with relevant education for good career," he said.

T. Giridharan, Regional Coordinator of ICFAI National College, Chennai, said that the PG Diploma Course was designed in such a way that the students completing this course would have an edge in their entry-level jobs in banking, financial and insurance sectors.

The BFI programme is of nine-months duration with components of internship and professional placements for students.

The Principal of ICFAI National College, Madurai, T. Arulvelan, said that in earlier days the job opportunities were confined to only public sector banks, but now there are plenty of career chances in both public and private sector.

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