Kotak Mahindra Bank, NIIT Institute of Finance Banking & Insurance Training (IFBI) and NIIT University have entered into a tripartite memorandum of understanding (MoU) to launch a 12-month post graduate diploma in banking and relationship management (PGDBRM) at NIIT University which will offer graduates a career opportunity in India's promising banking sector.

This program aims to develop and empower professionals with necessary skills and knowledge to undertake various roles in banking and financial services. Under this partnership, NIIT, IFBI and NIIT University will provide training to students, organize academic sessions in specialized areas of applied banking/financial/relationship management topics and also impart business and cultural orientation at the NIIT University Campus in Neemrana, Rajasthan. On successful completion of the program, students will get an opportunity to join Kotak Mahindra Bank as Probationary Officers.

Shares of the company gained Rs 1.2, or 2.35%, to settle at Rs 52.30. The total volume of shares traded was 540,074 at the BSE (Wednesday).