Sebi extended the deadline until Saturday to submit applications for the internship program in its Information Technology Department (ITD), under which interns would have the opportunity to work on data analytics and FinTech. . Interns will receive a monthly stipend of up to Rs 50,000. The deadline for expressions of interest for educational institutions to participate in the regulator’s ITD 2022 internship program has been extended from July 22 to August 6, according to an update from the Securities and Exchange Board of India (Sebi).
The financial market regulator will partner with educational institutions to accept up to 10 interns to provide hands-on training to students at these institutes.
Under the program, interns would have the opportunity to work on different information technology (IT) projects including data analytics, regulatory business processes and reporting and FinTech at Sebi.
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Such projects will provide an exceptional opportunity for interns to apply their computer science and data analysis skills while gaining valuable exposure to the workings of Indian capital markets.
The internship program is offered for a contiguous period of at least 1 year, which may include either 2 semesters and 1 summer or winter internship period, or 3 terms and 1 summer or winter internship period .
For interns interning at Sebi for 3 days a week for a year would receive a monthly stipend of Rs 25,000, those doing an internship for 4 days a week for a year would receive Rs 30,000 per month and those undergoing a full- a full-time internship for a minimum of 6 months would bring in Rs 50,000.
Sebi’s IT department works intensively to establish, maintain and improve IT infrastructure, systems and services. These IT systems not only support the automation of internal processes and decision-making, but also strengthen Sebi’s oversight and supervision of capital markets.
This program is intended for students of these educational institutions, which offer a full-time MBA or MCA recognized by AICTE or an equivalent two-year degree. These institutes must either be recognized by the University Grants Commission or any other commission established under an Act of the Parliament of India.
Explaining the eligibility criteria for interns, the regulator said applicants must be students pursuing a full-time MBA/MCA or equivalent degree from an eligible institute, and hold a full-time graduate degree. in engineering or a BCA degree.
Among other things, candidates should have a strong aptitude for computer programming and data analysis and a basic understanding of financial markets is desirable but not required.