The full form of IBPS is the Institute of Banking Personnel Selection and is one of the most competitive examinations in India, having a selection ratio of roughly one in a thousand. It is an autonomous body that is responsible for conducting the recruitment process for various banks in India via common written tests. The exam for the Institute of Banking Personnel Selection is the common written test or the CWE as it is more commonly called, conducted for the recruitment of several banks in India.
The CWE exam is held for each post separately. The test is used to assess the candidate’s accuracy, academic expertise, and speed, with a blend of modern technology. The IBPS conducts bank exams for 5different posts, namely
- The Probationary Officer, or the IBPS PO
- Regional Rural Banks Officers Scale I, II, III,
- Office Assistant
- Specialist Officer for HR, Law, IT, Marketing, Management, and Agricultural Field Officer.
After the nationalization of banks in India back in 1969, Indian banks were in need of expanding their branch network across the country for becoming more accessible to their customers. This required a greater number of staff but recruitment through methods like advertising was not satisfactory. Hence, the banks approached the National Institute of Bank Management (NIBM) to design a testing process through which they would be able to hire proficient candidates. As a result, a small unit called the Personnel Selection Services (PSS) was established for handling these types of projects. A few years later, the PSS was rebranded as the IBPS in 1984.
Teachmint has the largest library of learning resources, covering all subjects – click on the link to access it today!