Is IBPS Score Card Mandatory for Bank Jobs?

What is IBPS?

Institute for Banking Personnel Selection (IBPS) is an autonomous body which started its operations in the year 1975 as Personnel Services Board and now it has become almost the one stop solution for banks to conduct the recruitment process in various cadres of the bank. IBPS mainly conducts three common recruitments in the year namely clerks, Probationary Officers (PO) and Specialist Officers (SO) apart from carrying out recruitments for individual banks when required.

What is the Present Scenario of Bank Recruitment?

As of now, most of the public sector banks give indent to IBPS which, in its turn , conducts the competitive written examination and interview, declares the results as well allots banks to the candidates. Therefore, whenever a candidate applies for a post through IBPS, he or she gets a common score card on the basis of which interview is conducted and marks are added to arrive at the final result of the candidates.

Why IBPS Score is not required for some banks?

Some of the banks do not ask for IBPS Score cards for the recruitment process in the banks. There are various reasons for this such as:

• Not a part of IBPS Member Banks: Some banks like Reserve Bank of India (RBI), SBI, NABARD ICICI, Axis Bank etc are not member banks of IBPS and therefore, these banks are not interested in knowing the IBPS score of the candidates since they carry out individual recruitment exercise.
• Different Objective of different Banks: These days, a number of banks are coming up with a PG Diploma programme before the individual is absorbed in a bank. To fulfill the objective of specialised training for their officers, some banks go for individual recruitment process as they look for different things as compared to the common recruitment process of IBPS.
• Different Set of Skills required: Banks like SBI and RBI go for individual recruitments because the skill sets required for the employees there are different as compared to other banks as per the perception of the HR department of these banks. Similarly, other banks also think the same way and do not accept IBPS Score card as primary requirement for a job in that bank.

Therefore, though for bank jobs, IBPS score is important in most of the cases, it is not compulsory as there are banks like SBI, RBI, and NABARD etc which do not consider IBPS Score as the benchmark to recruit candidates. So, IBPS Score is important but not a mandatory requirement for bank jobs.