The Banking Industry is recruiting in a big way. In the next few years, banks will have to recruit lakhs of candidates. The time taken by a bank to complete the recruitment process has come-down with the introduction of the first of its kind “Common Written Examination (CWE)” in 2011. The Institute of Banking Personnel Selection (IBPS) conducts a series of CWEs for selection of personnel for the posts of Clerks / Probationary Officer / Management Trainee in 20 Public Sector Banks and 82 Regional Rural Banks (RRBs)
The first ever CWE for PO/MT was held in September 2011, for Clerks it was held in November 2011,for Specialist Officers it was conducted in March 2011 and for RRBs in September 2012.
Private banks to consider IBPS scores: Some of the old private banks have also decided to use the IBPS CWE scores to recruit candidates for officers and clerks posts in their banks. These banks will now start considering the IBPS CWE scores to fill the PO / Clerks vacancies in their banks. Apart from these private banks, financial institutes like ECGC are also recruiting on the basis of IBPS scores.
Participating Banks: Except for SBI, almost all the major Public Sector Banks are participating in the CWE. The 20 banks which are participating in the CWE are Allahabad Bank, Andhra Bank, Bank of Baroda, Bank of India, Bank of Maharashtra, 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 and Vijaya Bank.
IBPS conducts series of CWEs in a year – once for each of PO (General Banking Officer – GBO), Clerical, Specialist Officers for recruitment into the Public Sector Banks and Regional Rural Banks to cater to the need of the industry and also to the needs of job aspirants. This means that aspirants are clear about when they should apply, and can plan their preparation in an organised and effective manner.
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