ICICI Bank to set up 14 finance chairs

The ICICI Bank will be establishing 14 finance chairs in 14 business schools across the country. Under this initiative, the Bank will sponsor the salaries of chair professor and an assistant professor at the B-school. The initiative might cost ICICI Bank over Rs 13 lakh considering the salary of a professor in these institutes is around Rs 50,000 and that of an assistant professor is over 35000.

The chairs will be established to take up research activities in the field of finance. Few of the institutes where ICICI Bank would be establishing the finance chairs include SP Jain Institute of Management Research, Mumbai, Narsee Monjee Institute of Management Studies, Mumbai, Welingkar Institute of Management Studies, Mumbai, T A Pai Management Institute, Manipal and Sydenham College of Commerce and Economics.

ICICI Bank is also said to be in talks with IIM Ahmedabad to provide them with support in finance content and curriculum development.

Said, ICICI Bank HR Chief, K Ramkumar, "We are ready to support the higher education institutes in every manner possible. We can also provide them with case writers if needed. At these 14 B-schools we will provide content to be included in the syllabus."