ibps - 10 things to know with detail
- 1. IBPS stands for Institute of Banking Personnel Selection, which is an autonomous agency in India that conducts recruitment examinations for various banking jobs.
- 2. IBPS was established in 1975 as a self-governing entity at the behest of Reserve Bank of India and Public Sector Banks.
- 3. IBPS conducts recruitment exams for various posts in public sector banks such as Probationary Officers (PO), Clerks, Specialist Officers, and Regional Rural Bank Officers.
- 4. The recruitment process conducted by IBPS includes a preliminary exam, mains exam, and interview for the final selection of candidates.
- 5. IBPS exams follow a common written exam (CWE) pattern for all the participating banks, making it easier for candidates to prepare for multiple exams.
- 6. IBPS exams are highly competitive, with lakhs of candidates applying for a limited number of vacancies in public sector banks.
- 7. IBPS also conducts exams for recruitment in Regional Rural Banks (RRBs) for various posts such as Office Assistants and Officers.
- 8. The selection process for IBPS exams includes a cut-off score for each section, and candidates have to clear the overall cut-off to qualify for the next round.
- 9. IBPS also provides a scorecard to candidates who qualify in the exams, which is valid for one year and can be used for applying to various participating banks.
- 10. IBPS has played a crucial role in the recruitment process of public sector banks in India, ensuring a transparent and efficient selection process for banking jobs.