Institute of Banking Personnel Selection is the premiere body which presently is responsible for the selection of eligible and interested candidates in various banking posts. It is responsible for recruitment in public sector and regional rural banks in the country. IBPS CWE has now become mandatory for the interested candidates who want to join the banking sector in India. Though there are recruitments for SBI, RBI and other co-operative banks that are outside the purview of IBPS till now. IBPS is responsible for selection of candidates into various job profiles through conducting entrance examination in various centres across the state. Over the years, IBPS has garnered the stature of UPSC, SSC and other central service examinations. Those candidates, who are willing to join the banking sector, not only have to undergo the written examination, but have to clear the corresponding interview round as well. Often the written examination for different posts are conducted in two tiers namely, prelims and Mains. It usually selects candidates through IBPS Specialist Officers, IBPS Probationary Officers, IBPS Clerical Cadre and IBPS RRB (Regional Rural Bank) recruitment examinations. Though, it has streamlined the entire recruitment process into one, there are both positive and negative sides associated with the prevailed system.
Pros of IBPS Recruitment in PSU banks
Through centralization of the examination for the banking sector, it has become more organized. IBPS has authority to select eligible and interested candidates into adequate job profiles through the selection process, into its associate and member banks in India. Throughout the years, the number of candidates taking up these examinations has shot real high. Candidates are trying their luck every year through these examinations for the various posts. The most positive part of IBPS conducting the banking examination centrally is, it’s very nature of conducting it nationally. The candidates can take up the examination and according to their cut off marks and choices; they could get placed to various banks in different job profiles. By conducting the examination once in a year for all the banks, IBPS reduces the painful process of applying for each bank individually and giving examination for the same, by the candidates. It often turns out to be really challenging for the candidates to manage back to back examinations. It also saves the application fees associated with each of the examination, that the candidates might had to pay if the examinations were conducted separately. The entire recruitment process turns out really transparent, once it gets conducted centrally. There are no hassles for the candidates to have interview dates clashing with another bank written examination through this system. Along with these positives, the candidates also get the opportunity to get placed in the banks that they deserve, based on their cut marks scored and performance in the personal interview round.
Cons of IBPS Recruitment in PSU banks
Though there are quite a few pluses in recruiting candidates through IBPS for the banking sector, there are considerable amount of negatives associated with it as well. The first and foremost problem with this system of recruitment is the lack of options in part of the candidates. The candidates through IBPS examination gets only one chance per year to get into a specific job profile. Previously, the candidates could apply for multiple bank examinations according to their vacancies. But with IBPS coming into picture and taking over almost entire selection responsibility of the PSU banks in India, it has become obsolete. The only banking exam choices that are left with the candidates are that of SBI and RBI, for a particular year. This whole system has increased the level of competition to manifold as well. Lakhs of students try their luck every year for the IBPS examination, making it tough for the average candidates to break. On an average, 1 candidate gets through from the 1000 candidates giving the CWE for any particular post in the banking sector. The candidates have to also think for the age limit, as they can’t forever try for the IBPS banking examinations.