What is the full form of IBPS?

Introduction

Institute of Banking Personnel Selection (IBPS) was established with the goal of promoting the hiring and placement of young undergraduates, postgraduates, and doctorates at the ranks of Group 'A' officers, Group 'B' officers, Group 'C' employees, and Group 'D' employees in nationalised banks and regional rural banks in India.

Additionally, it offers businesses services for evaluation and result processing using defined methods. The self-governing Institute of Banking Personnel Selection, a research-based organisation that offers human resource recruitment opportunities to India's banking sector, administers the IBPS Exam. The RBI, the Finance Ministry of India, and NIBM are responsible for overseeing and administering the IBPS.

Agents from open banks and insurance companies also take part in the dynamic process in order to take actions that result in a positive and useful end. RBI, NABARD, Public banks such as Allahabad Bank, Canara Bank, Andhra Bank, Dena Bank, Syndicate Bank, Banks of Baroda, India, and Maharashtra; UCO Bank, Union Bank of India, United Bank of India, IDBI, Indian Overseas Bank, Oriental Bank of Commerce, Punjab National Bank, Punjab; and Central Bank are among the banks that consider the IBPS scores, Corporation Bank, Sind Bank, and Bank of India.

IBPS oversees more than 450 examinations annually through various sessions. For these evaluations, more than one crore applicants are received.

Establishment

Indian banks intended to expand its branch network across the nation after being nationalised in 1969 so that their customers could reach them more easily. Additional staff were required, however methods like advertising were ineffectual. In order to be able to hire skilled staff, the banks requested that the National Institute of Bank Management (NIBM) develop a selection testing procedure. As a result, a small company called People Selection Services (PSS) was established to handle projects of this kind. Several years later, in 1984, the PSS was renamed IBPS.

IBPS is currently an independent organisation that mainly administers competitive exams to hire candidates for officer and clerical roles in the banking industry. For each opening in a bank, candidates used to have to pass a number of tests. With the help of IBPS's four primary recruitment processes—CRP PO/MT, CRP RRBs, CRP Clerical, and CRP Specialist Officers—many exams for jobs in the banking industry are now conducted annually.

Purpose

The IBPS organisation was founded with the intention of assisting its client organisations in hiring candidates for the fair by offering fair services to those organisations. IBPS is now the most open organisation in charge of holding several tests around the nation to hire workers for various public sector banks and other organisations. IBPS is renowned for holding examinations on schedule and releasing notifications, results, admission cards, etc.

Its mission is to undertake pertinent research, create and execute world-class procedures and systems for the fair evaluation and selection of individuals for client organisations, and to disseminate the findings.

Selection procedure

Candidates can review the IBPS hiring procedure below −

• Written Test (Preliminary)

• Written Examination(Mains)

• Personal Interview

• Final selection

Written Test (Preliminary)

The IBPS Preliminary Exam's English language, numerical aptitude, and reasoning ability sections serve as the initial stage of the hiring process. The requisite overall and sectional cutoff scores must be met by candidates. For each accurate response, 0.25 points are deducted.

Written Examination(Mains)

The main test is divided into four sections − English Language; Data Analysis and Interpretation; Logical and Computer Awareness; General/Banking; and Economy Awareness for candidates who passed the preliminary exam. For multiple-choice questions (MCQs), there will be a 0.25 point punishment for each wrong response.

Personal Interview

Those who succeed on the main exam are given a personal interview invitation. There are 100 total possible points; the cutoff for general applicants is 40%, while it is above 35% for SC/ST/OBC candidates.

Final selection

When selecting the candidates, the primary exam and the personal interview will be taken into account. They will each be assigned a weighted of 80:20. Candidates will have the opportunity to join a letter in the bank after the interview and before the final merit list is made public.

Responsibilities

Bank PO

• A Bank PO A Bank PO must complete a two-year preparation probationary period for this section-level position before being hired as an assistant manager.

• Administrative tasks, such managing administrative work, are performed by a PO. You may be invited to participate in any type of bank-related activity prior to the 2-year completion deadline.

• You will be ready to have practical knowledge in finance, accounting, marketing, and investing during the probationary period.

• You will be placed as an Assistant Bank Manager in any bank office once your probationary term is over. PO must also serve in the capacity of a public relations officer.

• A bank PO also provides cheque books, ATM cards, and request drafts, etc. Growth in your career.

IBPS Clerk

• The person to ask questions to and the one who guides the customer in each bank is an Institute of Banking workforce (IBPS) Clerk.

• They are responsible for the storage and withdrawal of customer money.

• Additionally, upon the consent of trained professionals, they deliver cheque books.

• Additionally, the bank agent provides ESI stamps and money receipts. Nowadays, the majority of a bank employee's job responsibilities involve using a computer.

Salary

Depending on the positions and tests, successful applicants' salaries might vary. For various positions, the benefits and allowances provided to the personnel are highly generous. IBPS makes judgments about salaries for employees hired by banks.

Conclusion

IBPS is a recognised, independent organisation that administers tests and provides training to bank workers in public sector banks as part of its complete banking people recruiting services. Competent applicants will be hired by public sector banks. Candidates who want to work for public sector banks can take advantage of the selection procedure offered by IBPS.

FAQs

Q1 - What is the complete name of IBPS?

Ans − Institute for Banking Personnel Selection is the full name of IBPS. Every year, IBPS posts job openings for professional officers, clerical cadre, and probationary officers.

Q2 - What kind of preparation advice is there for the IBPS exam?

Ans − Candidates must review the previous year's exam questions. In order to completely review each topic before the exam, applicants must be conversant with the whole exam curriculum. Candidates ought to take as many practise tests as they can.

Q3 - Is a 50%-degree average required to apply for the IBPS clerical exam?

Ans − No, it's not necessary. You may apply for the exam if you hold a degree from an accredited university in any field.