What does the IBPS stand for?

IBPS: Institute of Banking Personnel Selection

The acronym “IBPS” stands for the Institute of Banking Personnel Selection. It is an autonomous body in India that was established with the goal of conducting recruitment examinations for various positions in the banking sector. IBPS conducts exams for the selection of candidates for positions like Probationary Officers (PO), Clerks, Specialist Officers, and Regional Rural Banks (RRBs) in India. The institute aims to provide standardized and reliable systems for assessment and selection of personnel in the banking industry, facilitating the recruitment process for numerous public sector banks and regional rural banks in the country.

Abbreviation Full Form
IBPS Institute of Banking Personnel Selection
IBPS PO IBPS Probationary Officer
IBPS Clerk IBPS Clerk (Clerical Cadre)

 

Vision

The vision of the Institute of Banking Personnel Selection (IBPS) is to develop and implement world-class processes and systems for the assessment and selection of personnel in a fair manner for client organizations. Additionally, IBPS aims to conduct relevant research and publicize the results to contribute to the advancement of recruitment practices.

Leadership

IBPS is led by the Governing Board, with its director serving as the Chief Executive Officer. The director coordinates tasks and duties with Divisional Heads. Currently, Shri Ashwani Kumar holds the position of Chairman and Managing Director at IBPS.

Examination Process

IBPS periodically conducts online exams, accepting applications through its website. These exams are conducted at multiple locations across the country, ensuring accessibility for a diverse pool of candidates.

Brief History

  • IBPS commenced its operations as Personnel Selection Services (PSS) in 1975.
  • In 1984, it gained independence with the permission of the Reserve Bank of India (RBI) and public sector banks.
  • In 2011, IBPS initiated the Common Written Examination (CWE), streamlining the recruitment process for candidates in public sector banks.
  • Today, clearing the CWE of IBPS is a mandatory requirement for employment in public sector and regional rural banks.

Participating Banks

IBPS scores are widely accepted by almost all public sector and rural banks, with the exception of the Reserve Bank of India (RBI). Some of the prominent banks participating in the IBPS recruitment process include:

  • Allahabad Bank
  • Bank of Baroda
  • Bank of India
  • Central Bank of India
  • Dena Bank
  • Indian Overseas Bank
  • Oriental Bank of Commerce
  • Punjab National Bank
  • Union Bank of India
  • UCO Bank

 

How can I get IBPS?

To get through the Institute of Banking Personnel Selection (IBPS), you need to follow these general steps:

  1. Check Eligibility: Ensure you meet the eligibility criteria for the specific IBPS exam you intend to appear for. Eligibility criteria may include educational qualifications, age limits, and nationality requirements.
  2. Online Registration: Visit the official IBPS website and register for the desired exam during the specified registration period. Complete the online application form with accurate details.
  3. Application Fee Payment: Pay the required application fee online through the provided payment gateway.
  4. Download Admit Card: Once your application is accepted, download the admit card from the IBPS website. Admit cards contain essential details about the exam venue, date, and time.
  5. Prepare for the Exam: Study comprehensively for the IBPS exam. Understand the exam pattern, syllabus, and focus on areas where you need improvement. Utilize study materials, practice papers, and mock tests.
  6. Appear for the Exam: Attend the exam at the designated center on the specified date. Follow all exam instructions and regulations.
  7. Check Results: After the exam, check the official website for results and updates. If you qualify, proceed to the next phase of the selection process.
  8. Interview/Group Discussion: Depending on the position, you may need to participate in an interview or group discussion. Prepare thoroughly for this phase.
  9. Final Selection: The final selection is based on your performance in the written exam and the subsequent rounds. Successful candidates will receive appointment letters.

 

Which bank is best in IBPS?

The concept of a “best” bank in IBPS may vary based on personal preferences and career goals. However, several public sector banks participating in IBPS recruitment are considered reputable. Some of these include:

  1. State Bank of India (SBI)
  2. Punjab National Bank (PNB)
  3. Bank of Baroda (BOB)
  4. Canara Bank
  5. Union Bank of India
  6. Bank of India
  7. Indian Bank

It’s essential to research each bank’s work culture, growth opportunities, and location preferences to determine the best fit for your career aspirations.

 

 

How to pass IBPS PO exam?

To successfully pass the IBPS PO (Probationary Officer) exam, consider the following tips:

  1. Understand the Exam Pattern: Familiarize yourself with the IBPS PO exam pattern, including the number of sections, marks distribution, and duration.
  2. Create a Study Plan: Plan your study schedule, allocating sufficient time to cover all sections of the exam. Focus on weak areas but ensure balanced preparation.
  3. Study Material: Utilize reliable study materials, including recommended books, online resources, and previous years’ question papers. IBPS provides an official syllabus; make sure to cover all topics.
  4. Mock Tests: Practice regularly with IBPS PO mock tests to improve time management and assess your preparation level. Analyze your performance and work on weak areas.
  5. Current Affairs: Stay updated on current affairs, especially in the banking and economic sectors. Reading newspapers and following news portals can be beneficial.
  6. Quantitative Aptitude and Reasoning: These sections are crucial. Practice solving problems regularly to improve speed and accuracy.
  7. English Language Skills: Enhance your English skills through reading, writing, and practicing grammar. Focus on vocabulary and comprehension.
  8. Computer Awareness: Brush up on basic computer knowledge and banking-related software.
  9. General Awareness: Cover topics related to banking, finance, and economic developments. Stay informed about national and international events.
  10. Revision: Regularly revise what you’ve studied to reinforce concepts and improve retention.

Remember that consistency, dedication, and a well-structured study plan are key to passing the IBPS PO exam. Seek guidance from experienced candidates or mentors if needed.

 

Frequently Asked Questions

1. What does IBPS stand for?

  • Answer: IBPS stands for the Institute of Banking Personnel Selection.

2. What is the main purpose of IBPS?

  • Answer: The main purpose of IBPS is to conduct recruitment examinations for various positions in the banking sector and facilitate the selection of personnel for client organizations.

3. Who leads IBPS?

  • Answer: IBPS is led by the Governing Board, and its Chief Executive Officer is the director. Shri Ashwani Kumar is the current Chairman and Managing Director.

4. When did IBPS start its operations?

  • Answer: IBPS started its operations as Personnel Selection Services (PSS) in 1975.

5. How did IBPS gain independence?

  • Answer: In 1984, with the permission of the Reserve Bank of India (RBI) and public sector banks, IBPS became an independent body.

6. What is the significance of the Common Written Examination (CWE) conducted by IBPS?

  • Answer: The CWE, initiated in 2011, is mandatory for employment in public sector and regional rural banks, streamlining the recruitment process.

7. How does IBPS conduct examinations?

  • Answer: IBPS periodically conducts online exams, accepting applications through its website and organizing exams at multiple locations across the country.

8. Which banks accept IBPS scores?

  • Answer: Almost all public sector and rural banks, except RBI, accept IBPS scores. Some participating banks include Allahabad Bank, Bank of Baroda, Punjab National Bank, and others.

9. Can I apply for IBPS exams online?

  • Answer: Yes, IBPS accepts online exam applications through its official website.

10. Is IBPS only for certain types of banking positions?

  • Answer: No, IBPS conducts exams for various banking positions, including Probationary Officers (PO), Clerks, Specialist Officers, and positions in Regional Rural Banks (RRBs).