Is there a need for a single bank exam?

most of the banks conduct their own banking exam apart from IBPS, a central recruitment body. In this article, various queries and doubts are clarified required the related topic.

Created On: Apr 22, 2016 15:34 IST
Modified On: Apr 28, 2016 16:19 IST
Need for a single bank exam
Need for a single bank exam

Banking exams have become a regular affair and aspiring candidates who want to make their career in banking are getting roped in every year through recruitment drives conducted by various banks. The aspirants, who want to join the banking sector, have the option to join either the public or the private sector banks. Though, recruitment for the majority of the nationalized public banks (29 public sector banks) is done through Indian Banking Personnel Selection, there are banking bodies who conduct their own recruitment procedure. State Bank of India, Reserve Bank of India, NABARD and other cooperative banks take out their own notification each year, to fill candidates in the vacant positions. The selection procedure of all the banks is almost the same, where the candidates need to undergo written test and personal interview round conducted by the concerned recruitment authority. Depending upon the position for which the recruitment is being made, the syllabus of the written test varies accordingly. The candidates are mostly judged on the basis of their overall knowledge and reasoning capacity of the brain.

Requirement of centralizing the banking sector examination

The banking and financial sector is one big mechanism that follows the rules and regulations set by the state. All the financial institutes and banking bodies in the country are under the government are run by the guidelines set by the Reserve Bank of India. It is the supreme body which decides about the monetary policy and regulations. Hence, RBI acts as the central body that decides about the financial policies and drives it down to the banks and financial bodies around the country. The public sector banking has flourished in the last few years in India and the number of banks operating has increased in the manifold. Prior to IBPS, the recruitment for all these banks took place in a scattered manner, depending on the vacancies arose. Though, the candidates eyeing for a banking job, had the possibility of applying to multiple banks, it had its own disadvantages.

  • The application fees attached to each of the banks and the overlap of examination schedule were the two most common problems among the applicants.
  • In order to make things simple, IBPS came out with a common recruitment for clerical and probationary officer posts from the year 2011, taking in 29 member banks.
  • Though, majority of the nationalized bank came under its ambit, major players like RBI, SBI and NABARD kept their own procedure of recruitment going.
  • Despite the fact that the examination pattern and syllabus for certain posts are same, these banks didn’t merge their recruitment with that of the IBPS.
  • It has raised quite a many eyebrows in the past from the aspiring candidates. But due to the different nature of the banks, it has been kept separate all this while.

Reason for different entrance exams

  • The main reason behind the different examinations conducted by the banks like SBI, RBI and NABARD to that of IBPS is the specific requirements and scale of the banks.
  • SBI, RBI and NABARD are banks with special duties and characteristics. While SBI is the largest and widest spread nationalized bank, RBI is the supreme banking authority in the country.
  • NABARD on the other hand deals with development of agriculture and small scale industries. It devotes its time and energy to the development of rural areas and most of the branches are set into rural areas of the country. Stakes of NABARD were sold to the government of India by RBI, making it a fully functional government agency. For all the other nationalized banks, the share of government is limited to little over 50%. Hence, NABARD recruits for the posts of Assistant Manager and Managers for its branches spread over the country on its own.
  • The SBI too, conducts its own set of recruitment for both clerical and officer level posts. RBI, due to its different work profile and authorization requirements, conducts its own recruitment for officer level posts. Hence, though the syllabus and examination pattern remains same for the banking sector exams, the difference between the role and scale of different banks results into different entrance exams to select candidates for suitable positions.

Though there are quite a lot of banks in the country, majority of the nationalized bank recruitment is conducted through IBPS examination. Though the other banks like SBI, RBI and NABARD has their own set of recruitment exams. This provides the candidates to try for these banks separately, while the syllabus and the pattern of the examination remains almost same.

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