Institute of Banking Personnel Selection
Institute of Banking Personnel Selection (IBPS) is an autonomous agency in India, which started its operation in 1975 as Personnel Selection Services (PSS). In 1984, IBPS became an independent entity at the behest of Reserve Bank of India (RBI) and Public Sector Banks. IBPS is envisioned as self-governed academic and research oriented Institute, with a mission of enhancing human-resource development through personnel assessment. In 2011, IBPS announced a Common Written Examination (CWE) for the selection Officers and Clerks in Indian banks. IBPS CWE is now mandatory for anyone who seeks an employment in 20 public sector and Regional Rural banks. IBPS periodically accepts the exam applications from the candidates at their website www.ibps.in, and the exams are organized at various locations in the country in online mode.
The Governing Board consists of nominees from Reserve Bank of India, Ministry of Finance Government of India, National Institute of Bank Management, representatives of Public Sector Banks, Insurance sector and academics. The matters related to policy and affairs of the Institute are vested in the Governing Board.
- Allahabad Bank
- Andhra Bank
- Bank of Baroda
- Bank of India
- Bank of Maharashtra
- Bharatiya Mahila Bank
- Canara Bank
- Central Bank of India
- Corporation Bank
- Dena Bank
- IDBI Bank
- Indian Bank
- Indian Overseas Bank
- Oriental Bank of Commerce
- Punjab National Bank
- Punjab & Sind Bank
- Syndicate Bank
- Union Bank of India
- United Bank of India
- UCO Bank
- Vijaya Bank
- Export Credit Guarantee Corporation of India Bank
Recruitments though IBPS
An IBPS Recruitment is done in three stages. The first phase is Common written examination, followed by Interview and the final placement.
- CWE PROBATIONARY OFFICER/MT: Recruitment of Probationary Officers or Management Trainees.
- CWE Clerk: Recruitment of Clerical Assistants.
- CWE Specialist Officer: Recruitment of IT, LAW, engineering, marketing and other professionals.
- CWE RRB Officers and Assistants: Recruitment of Officers& Office assistants to Regional Rural Banks (RRBs) governed by NABARD.
As of 2014, the basic eligibility for appearing the IBPS recruitment is a university degree. There is an "age condition" which varies with the recruitment type and relaxation available to the candidates. Additionally, applicants to the Specialist cadre are required to have a professional qualification in Law, Accounting, Agriculture, IT or management sector. A certificate in computer operations or knowledge in computers has also been mandatory for posts other than specialist officers.
Common Written Examination (CWE)
IBPS CWE is one among the most competitive examinations in India with a selection ratio of 1 out of 1000.Around 20 lakhs candidates appeared in CWE-3.The CWE syllabus and general instructions on filling IBPS online application will be provided in the exam notification. Each candidate will be intimated with the date and venue of the exam via a call letter, that will be available for download a few days after they register at the IBPS website. IBPS CWE is an objective type exam with negative marking for false answers. Initially, the exams were organized in the offline mode but in 2012 IBPS moved to an internet-based examination process. As per the official report
In 2012, IBPS announced that the participating banks would no longer conduct separate interviews for successful candidates after the CWE. Instead, IBPS itself will arrange a common interview (CI)  for them at different locations and will prepare a final merit list which will be used to recruit them directly to the banking positions reported during the validity of their score card.
IBPS forms a rank list once the exam and interview phases end. The same will be used to fill existing and upcoming vacancies in the participating banks for a period of one year from the date of announcement of the final results.
The institute has been criticized for not accepting review notices. There even seems to be lack of transparency