Full Form of IBPS:
Institute of Banking Personnel Selection
IBPS Full Form is Institute of Banking Personnel Selection. IBPS is basically an autonomous institute in India. The institute started operating from the year 1975 with the name Personnel Selection Services (abbreviated as PSS). In the year 1984, the institute was made an independent entity with the support of the Reserve Bank of India (abbreviated as RBI) and the Public Sector Banks (abbreviated as PSB).
The institute was created with the aim of encouraging self-governance in academics and giving way to a research-oriented institution. It aims at developing development of human resources with the help of rigorous personnel assessment. In the year 2011, the IBPS made an official announcement that there would be an entrance examination named Common Written Examination (abbreviated as CWE) for the purposes of recruitment of clerks and officers in various Indian banks.
It is now mandatory that a candidate seeking employment in any of the twenty-nine regional rural banks (abbreviated as RRBs) and public sector banks must write the CWE examination. Followed by the written examination is an interview process that provides the ultimate assessment criterion for selection. Now we that we explored briefly some aspects about IBPS, it is the time we dealt with certain crucial aspects of the same in greater detail. Here are six facts about IBPS:
The governing body of the IBPS
There is a huge list of banks that form part of the governing body of the IBPS. The governing body of the IBPS comprises nominated persons from the Reserve Bank of India, Ministry of Finance, Government of India, representatives from PSBs, academics, insurance sector, and National Institute of Bank Management (abbreviated as NIBM).
All matters relating to the management and policy issues are managed by the governing board that also includes banks such as Canara Bank, Dena Bank, Indian Bank, Punjab National Bank, Syndicate Bank, Vijaya Bank, Punjab & Sind Bank, Corporation Bank, UCO Bank, Indian Overseas Bank, Central Bank of India, Andhra Bank, Bharatiya Mahila Bank, Oriental Bank of Commerce, etc.
Common Written Examination (abbreviated as CWE)
CWE is an important examination for candidates who wish to secure jobs in 29 regional rural banks and public sector banks. With time, the difficulty level of CWE has increased and now it is regarded as one of the toughest entrance examinations in the country. The selection ratio of the examination is 1 out of 1000 students, which is pretty much difficult.
The prospective candidates obtain the venue and date of the examination by means of a call letter, which becomes available in few days for the purposes of download soon after registration of the candidate on the official website. The marking scheme of the examination is such that for every wrong answer there is a negative marking. As far as the year 2015 is concerned, the process has become a two-tier system, wherein Tier I is basically examination in which a lot of candidates are expected to qualify and Tier II is one which has greater difficulty and only a selected few qualify.
Those candidates who manage to qualify both examinations are sent call letters for an interview. In the interview, the performance of the candidate shall be assessed on various parameters and accordingly decision shall be made. As far as the syllabus of the examination is concerned, it covers subjects from reasoning, English Language, computer skills, professional knowledge, general awareness, and quantitative awareness.
In the year 2012, a major change happened as the IBPS made an announcement that the banks participating in the examination will not be required to organize separate interviews for qualified candidates. Instead of that, the IBPS will take up the responsibility of organizing a common interview (abbreviated as CI). The common interview shall be conducted at various locations and accordingly a merit list shall be prepared that will be used for the purposes of recruitment.
The Interview questions are based on subjects such as Politics, Sports, Agriculture, Current Affairs, Indian Culture, and other related subjects essential in assessing the candidate. The purpose of the interview is to examine basic skills of the candidate, particularly in the field of banking. It is thus important that interview is not taken too lightly.
Once interviews are done, the institute formulates a proper rank list and the same rank list is used for the purposes of filling up the present vacancies in the banks participating in the examination for the period of a year from the date on which the final results are announced. There is no provision of the announcement of cut-offs until the whole interview process is completely finished. This leaves the participating candidates estimating the nearest cut off of the examination. The entire process relating to cut-offs depends on upon the States wherein the state with fewer vacancies will have a higher cutoff and the states with more vacancies will have lower cut-offs.
IBPS for Regional Rural Banks
As mentioned before, IBPS conducts CWE for the purposes of filling vacancies both in public sector banks and the regional rural banks. There is an organization of the IBPS RRB examination that covers filling up of vacancies of positions such as Scale I, Scale II, and Scale III officers; specialist officers such as IT officers, Law Officers, Chartered Accountant, Agriculture Officer.
IBPS Specialist and Probationary Officers
As far as specialist officers are concerned, there are many positions that are filled by the IBPS CWE. Such positions include Rajbhasha Adhikari, Personnel Officers , Marketing Officers, and Agricultural Field Officers, etc. The examination is generally organized in January and the results are announced in the month of April. The examination is total 200 marks, which comprises 200 questions and has about 50 questions based on professional knowledge.
The selection process for the probationary officers involves three phases, namely: Preliminary Objective Test, which is Phase I; Mains Objective Test, which is Phase II; and finally, Interview, which is Phase III. The examination is conducted in the month of October or November and the interview is conducted in the month of January.
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