Reserve Bank of India established National Institute of Bank Management (NIBM) an autonomous “think-tank” in 1969 after consulting Government of India. It was established with a primary aim to develop banking industry and finance sector in the country. After nationalization of banks, banks approached NIBM to design a process for the selection of eligible candidates to the banking sector. In 1975 NIBM started Personnel Selection Services (PSS) to select eligible candidates to the banking sector and later in 1984 the name was changed to Institute of Banking Personnel Selection (IBPS).
IBPS designed a written exam which is known as Common Written Examination (CWE) for recruiting Clerks and officers and clerks in regional rural banks and public sector banks. For further information on IBPS on can visit Drona website. IBPS also designs competitive exams to other banks such as IDBI, NABARD, to some public sector undertakings, insurance companies, etc. It designs objective type questions to test the candidate’s suitability for the post of Specialist Officers, clerks and probationary officers in Indian Banks.
The exam to recruit clerk comprises of three steps which include a preliminary examination after qualifying that the main examination which contains five sections that include computer knowledge, English, Reasoning, Numerical Ability and General Awareness. There will be negative marking for the wrong answers, and the prelims exam consists of only three sections. The aspiring candidates who get qualified in the written exam will have to attend an interview. IBPS also follows a similar selection procedure for the recruitment of specialist officers and bank POs (Probationary Officers) which are central government jobs. However, the questions asked will be of higher level than the Clerk exam. The minimum education qualification to appear for clerk and PO exam is any graduation from a recognized University. Having thorough knowledge on Current affairs and General Knowledge is the key to qualify in these exams. Under the Specialist Officers post officer of various departments are covered such as IT officer, agriculture field officer, law officer, marketing officer, etc. SBI also conducts examination for the SBI clerk and SBI POs. The education qualification also differs based on the post.
IBPS conducts RRB Exam to recruit eligible candidates for various posts in regional rural banks. The exam pattern and the posts notified will be similar to the ones notified in commercial banks. The aspiring candidates who get qualified in the written exam will have to attend a common interview conducted by the IBPS and the performance in interview will be given a weightage of 20% whereas the written exam will be having a weightage of 80%. Based on the performance the candidates will be given a scorecard with a rank in it. These ranks will have a validity of one year and are taken into account while filling the respective vacant posts in the banks.