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, and the exams are organized at various locations in the country in online mode. Aspirants have to go through interview process after clear the online test conduct by the IBPS. On the basis of interview candidates placed in Regional Rural Bank.
An IBPS Recruitment is done in two or three stages. While IBPS RRB & SO recruitment are two phase processes, IBPS PO & Clerk consists of 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. It is a three staged recruitment process consisting of Preliminary & Main exam followed by Interview.
CWE Clerk: Recruitment of Clerical Assistants. It is also a 3 staged process as of Probationary officers. Now Clerical Exam will also be conducted in 2 phases. Phase -1 : Preliminary Examination and Phase - 2 : Main Examination
CWE Specialist Officer: Recruitment of IT, LAW, engineering, marketing and other professionals. It is a two staged recruitment process consisting of online written exam followed by Interview.
CWE RRB Officers and Assistants: Recruitment of Officers & Office assistant to Regional Rural Banks (RRBs) governed by NABARD. It is also a 2 staged process as of Specialist officers. However interviews are conducted by participating banks separetely.
The most exciting career options in the banking sector are Probationary Officer (PO), Management Trainee, and Special Officer (SO).
A Probationary Officer may be assigned any or all of the activities listed below.
General banking: Maintenance of customers' current and savings accounts, including collecting and clearing cheques, issuing drafts, accepting term deposits, processing loans, and issuing debt securities.
Housekeeping and supervisory functions: Assigning duties to subordinate bank staff for the smooth running of the bank's routine activities.
Other works: Bank management can assign a PO to any other banking-related work.
Opportunities for Promotion There are lots of promotional avenues for people choosing Probationary Officer as a career option. The new PO goes through a one- or two-year probation period, becoming familiar with the working of various departments, including general banking, loans processing, cash handling, bill collection, cheque clearances, and loan processing. Depending on his or her performance during the probation period, he or she may eventually be promoted to Manager, Senior Manager, Assistant General Manager (AGM), Deputy General Manager (DGM), or even General Manager (GM) in a public sector bank. After serving for four years, a PO becomes eligible for the post of Manager (a Scale II post). However, qualifying departmental examinations or examinations conducted by an approved agency such as the Certified Associates of Indian Institute of Bankers (CAIIB) may help a PO get promoted at the earliest possible date. State Bank of India provides career development opportunities, including opportunities for foreign postings. POs will be subject to a screening process during their probation clearance. Qualifying officers will be placed either in JMSG I or MMGSM II depending on their performance during probation. Hard-working officers have a chance to reach top management grade in a reasonable time.
A candidate must be between 21 and 30 years old as of a reference date prescribed by the bank. Usually, though it may differ form bank to bank, the upper age limit is relaxed by three years for OBC candidates and five years for SC/ST/Ex-servicemen. A "general" graduate or post graduate candidate, having marks of 55% or more in graduation/post graduation and marks of 60% or more in class XII, is eligible to register online as a candidate.
For a candidate belonging to the SC/ST category, these requirements for graduate and Class XII marks are relaxed by 5%. Some banks require that test candidates have a certificate from a Government-recognized training institute showing basic knowledge of computer applications, while others just require a working knowledge of computer applications.
The bank po exam is divided into three categories:
|Written test (250 Marks)|
|a. Objective paper (200 Marks)||
1. Test of English Language
2. Test of General Awareness, Marketing and Computers
3. Test of data analysis and interpretation
4. Test of Reasoning
|b. Descriptive Paper (50 Marks)||
2. short precis
3. letter writing
Note: Candidates who achieve a high percentile ranking in each of the four sections of the objective test and score an aggregate of 40% or above (for the "general" category) or 35% or above (for the "reserve" category), will be evaluated by a descriptive test.A list for further consideration is created based on the aggregate scores on both the objective and descriptive tests, and includes only those candidates with aggregate scores of 40% (general) and 35% (reserve).
Group Discussion (20 marks) & Interview (30 marks)
Depending on vacancies, candidates who have qualified based on the written examinations (objective and descriptive) will be called for group discussion and interview. The maximum score for this part is 50, that is, 20 for the group discussion, and 30 for the interview.
|Bank PO Syllabus|
|English language section||
Spotting the errors, phrase substitution, ordering of sentences or jumbled up sentences, double blanks in a sentence, fill in the blanks, cloze Test, Idioms & phrases, choosing the appropriate filler, synonyms and antonyms, reconstruction of sentence and passage, one word substitution, commonly misspelled words, comprehensions.
Verbal reasoning: alphabet test, mathematical operations test, series test, analogy, odd Man out, classification, Syllogism, Coding-decoding, blood relations, number, ranking and time sequence, causes and effects, analytic reasoning, direction sense test. Sitting arrangement, decision making, Input output, puzzle, statement and conclusions, statement and assumptions, statement and arguments, statement and action's courses, passage and conclusions, assertion and reasoning, figure Series, word formation, series
Number system, HCF & LCM, number series, problems based on numbers. approximation Wrong number, decimal fractions, square root and cube root, simplifications, partnerships, percentage, ratio and proportions, average & ages - ratio & proportion, profit and loss, simple interest and compound interest, time and work, Time and distance, Mensuration, permutation and combination, probability, data interpretation, pie charts, bar graphs, line graphs, mixed graphs
Banking terms, current rates (bank rate, repo rate, reverse repo rate etc.), abbreviations, indian economy, international economy, questions related to international financial institutions (world bank, imf, un, adb related - members, recent development, functions), finance, shares, various schemes of government (mnrega, swabhiman, swavlamban, bharat nirman etc.), types of banks, gdp related, rbi, fiscal-monetary policies etc., social function of banks, uno, awards & honors, sports, budget, current affairs etc.
basic computer knowledge (MS office), operating systems, number system, software & hardware, history of computers, computer abbreviation, basic knowledge of internet & networking etc.