The full form of IBPS is the Institute of Banking personnel selection which is an independent agency or organization that administrate online exams to appoint and recruit officers, trainees and clerks for various public sector banks in India.
The Institute of Banking personnel selection is situated in Mumbai, India. The institute of banking personnel selection is responsible to conduct examination for various positions in many public sector banks of India. These examinations include –
IBPS PO exam for probationary officers
IBPS RRB examination for offices and office assistants in Regional Rural Banks (RRB)
IBPS Clerk examination for clerical positions
IBPS SO examinations for Specialist officers.
The Institute of banking personnel selection aims to develop and apply world-class process as well as systems for the valuation and selection of Personnel in a fair way for their client organizations such as other banks. The institute of banking personnel selection conducts relevant research for posts as well as publicize their results.
The institute of banking personnel selection is led by the governing board and the director acts as its CEO and is responsible for tasks and duties in coordination with Divisional heads.
The current managing director and chairman of IBPS are Shri Ashwani Kumar. The institute of banking personnel selection organizes these exams in online mode. IBPS accepts applications online on its website. These all IBPS exams are held in different locations across the country.
IBPS began its examination structure and operations in 1975 and it was named Personnel Selection Services or PSS.
Institution of banking personnel selection became an independent body in 1984 due to the permission of the Reserve Bank of India (RBI) and other public sector banks.
IBPS began organizing common written examination (CWE) in 2011 for the recruitment of candidates in various public sector banks.
Later IBPS made it compulsory to pass a common written examination for their recruitment in the public sector or RRB (Regional Rural Banks).
Banks in IBPS
Almost all the public sector banks are Regional Rural Banks accept the institute of banking personnel selection score. However, the Reserve Bank of India does not accept the IBPS score because it is a central bank. These are some of the banks that participate in IBPS –
- The central bank of India
- Bank of India
- Bank of Baroda
- Dena Bank
- Allahabad Bank
- Indian overseas bank
- Oriental bank of commerce
- Union Bank of India
- Punjab National Bank
- UCO Bank
What is IBPS PO salary?
The base pay for IBPS PO varies from 23,700 to 32850 Rs. It increases from year to year.
What is IBPS exam qualification?
This is the qualification for the Institute of banking personnel selection –
IBPS candidate needs to have a bachelor’s degree from any recognized university.
The IBPS aspirant has to clear the CWE examination for the recruitment.
Is IBPS job permanent?
The selected candidates in the IBPS examination are first put on a trial period for six months. After this trial period, all the candidates are confirmed as a permanent employee however they have to go through an assessment by a test or review session of their performance in their trial period.
Is IBPS PO a government job?
Yes IBPS PO is a government job because the banks that accept IBPS score are public sector banks.
What is IBPS SO job?
The IBPS SO stands for the Institute of banking personnel selection Specialist officers. Hence IBPS SO recruits specialist officers in the field of Information Technology Officer, Rajbhasha Adhikari, Agricultural, HR/Personnel Officer, Marketing Officer, Agricultural Field Officer etc.
What is the IBPS syllabus?
There are mainly four subjects in the IBPS syllabus – English Language, Reasoning and Computer Aptitude, General Economy, Data Analysis, Banking Awareness etc.
Is SBI under IBPS?
Yes the State Bank of India or SBI also accepts the institute banking personnel selection score to recruit officer for PO, Clerk and SO posts because SBI is also a Public Sector bank.
Interesting facts about IBPS
- Bank PO exam of IBPS involves more than 1500000 students every year.
- Despite having such a large number of students, IBPS is known for taking the exam at the right time, publishing the results and giving the right ranking to the students without any disturbance.
Some other famous full forms of IBPS
IBPS- Inter Bank Payment Service- in Banking
IBPS- International Best Practice Standards