Pros and Cons of only one chance in a year for recruitment through IBPS bank exam
Candidates going for Banking entry get only one chance to appear in the exam out of one year. For some, it is quite discouraging. In this article, we have come up with pros and cons of such methodology.
The scenario of banking sector recruitment in India was quite different from that of the present, after IBPS took charge of the recruitment centrally for all the nationalized banks in the country except SBI and RBI. From 2011 onwards, Indian Banking Personnel Selection was given the autonomy to conduct one single examination for all the 29 member public sector and regional rural banks under the body. Prior to this, each bank would carry their own recruitment drive to select candidates in various clerical and officer grade posts. IBPS now conducts common written examination and personal interview round to select interested and eligible candidates into various officer and clerical posts for member banks, around the country. The number of applicants giving the examination every year has risen to newer heights due to this shift in the recruitment procedure. The interest among the educated youth has also transferred to the booming financial and banking sector in this country and people are eying for a safe and secure job with a promise of growth that the banking sector provides. But, appointing IBPS for centrally conducting the banking sector examination has shown both pros and cons and the use of such a system is getting debated among the public forums.
Pros of single examination by IBPS in banking Sector
• Increasing the competitiveness: The best possible benefit of having a central examination for the entire banking sector is the ability to bring talent pool from the entire country in one central database. The operations become very smooth and channelized though this way. Lakhs of aspiring candidates, wanting to get into banking sector get into the competition together and the best among the lot gets selected for the posts every year. This gives positive thud to the competitive nature of the selection procedure.
• Single window operation for all national banks: This might have been really tough for anyone both financially and practically to appear for each of the nationalized banks, which had vacancies in any particular branch for candidates. The IBPS has brought down the entire banking sector into its ambit and candidates according to their merit would get posted to respective banks by the concerned authorities. The candidates would not have to pay individual application fees for each of the bank exams as well, saving a lot of money on that ground.
• Fair and controlled examination: Due to the single examination, it has become easier to have a fair selection procedure with immense transparency. The online procedure of taking the examination has made it even easier for the authority to control and execute the examination effectively and timely. This also reduced the date overlapping due to multiple bank applications made by candidates in the past.
• Ease of getting out results on time: The centralized examination has made the recruitment procedure fast and has allowed the authority to take the results of the examination timely. This has resulted into timely selection of candidates in the vacant positions at the banking sector, giving the adequate manpower needed.
Cons of single examination by IBPS in banking sector
• Lesser chances for the candidates: The most talked about and controversial aspect of this single recruitment procedure is the very inability of candidates to have a second chance in the whole year. Banks like SBI and NABARD carry their own recruitment examination each year, but the IBPS conducts central examination for 29 banks in the country. The candidates could not try their luck at each of the banks separately by giving examination for each of them.
• Loss of a precious year in case of failure: The candidates who are preparing for government examinations need to lose a complete year and wait for the next IBPS recruitment notice, which recruits candidates after a year. Many a candidates leave their preparation in between to support their families or initiate their career in some field or the other due to the yearly recruitment system of IBPS.
• More pressure to candidates to succeed: The very aspect, that the candidates might have to wait another year to get the opportunity to sit for IBPS examination again, puts an added pressure to the candidates mentally. Amidst the fierce competition due to the large number of candidates applying for the examination, it often becomes very tough for the candidates to get through.
• Increased competition and lesser opportunities: The number of applicants is on the rise by every year for IBPS examinations and the competition is getting stiffer. Initially the candidates needed to undergo only one written test, but due to huge number of canidates applying for the vacant banking posts under IBPS, they now have to undergo prelims and mains written test. The chances are getting thinner for selection to many candidates and challenges have sprout out.
Though there are separate exams for SBI, NABARD and RBI, majority of the public sector bank recruitment takes place under the IBPS every year. There are both positives and negatives associated with the recruitment procedure being centralized. The candidates would have to work their way through these difficulties and find a solution to get into the banks of their choices.