IBPS ( The Institute Of Banking Personnel Selection )

The Institute of Banking Personnel Selection (IBPS) is a recruitment body that was started with an aim to encourage the recruitment and placement of young graduates in public sector banks in India, other than the State Bank of India. It also provides standardised systems for assessment and result processing services to organisations.

IBPS is governed by a board that includes nominees from government organisations such as the Reserve Bank of India, Ministry of Finance Government of India, Indian Institute of Technology Mumbai, Indian Institute of Banking and Finance, National Institute of Bank Management, Indian Banks' Association and the public sector banks.

IBPS offers its services to banks in the public and private sectors, regional rural banks, and foreign banks. It also serves other financial institutions, including co-operative banks, insurance companies, academic institutions, and both private- and state-owned companies

IBPS currently functions as an autonomous body that is mainly engaged in conducting competitive exams for recruitment to clerical and officers' posts in the banking sector.

Earlier, candidates had to write multiple exams conducted by each bank for their vacancies. But from 2012, the Recruitment process has been changed. Now IBPS conducts five exams every year for banking sector recruitment. There are two exams for probationary officers, two for clerical levels and one for specialist officers

Banking is one of the fastest growing industry in India and they are considered as sunrise sector of Indian Economy. More so, the government is focusing on providing banking facilities in every village and town, under its Financial Inclusion scheme. And hence, more and more branches of the banks are being opened in every part of the country.

As the sector is growing very fast, it also needs manpower at various levels. Essentially the recruitment in bank sector happens at the following levels:

Bank Probationary Officer (Bank PO): This is a managerial position in a bank. After the essential 1 to 2-year training, candidates are designated as Assistant Managers (AM) or Deputy Managers (DM).

Bank Clerks: As the name suggests, this is a clerical position in the bank and this can be considered as entry level job in a bank.

Specialist Officers (SO): Banks also hire candidates for specialist profiles like – IT Officer, HR Officer, Marketing Officer, Finance Officer, Law Officer, Agriculture Officer etc.

For more information : www.ibpsguide.com