The Institute of Banking Personnel Selection (IBPS) is a central recruitment agency under the ownership of

Ministry of Finance A ministry of finance is a part of the government in most countries that is responsible for matters related to the finance. Lists of current ministries of finance Named "Ministry" * Ministry of Finance (Afghanistan) * Ministry of Finance and Ec ...

Government of India The Government of India (ISO: ; often abbreviated as GoI), known as the Union Government or Central Government but often simply as the Centre, is the national government of the Republic of India, a federal democracy located in South Asia, ...

that was started with an aim to encourage the recruitment and placement of young

undergraduates Undergraduate education is education conducted after secondary education and before postgraduate education. It typically includes all postsecondary programs up to the level of a bachelor's degree. For example, in the United States, an entry-le ...

postgraduates Postgraduate or graduate education refers to academic or professional degrees, certificates, diplomas, or other qualifications pursued by post-secondary students who have earned an undergraduate (bachelor's) degree. The organization and struc ...

and

doctorates A doctorate (from Latin ''docere'', "to teach"), doctor's degree (from Latin ''doctor'', "teacher"), or doctoral degree is an academic degree awarded by universities and some other educational institutions, derived from the ancient formalism ''l ...

at the rank of Group 'A' officer, Group 'B' officer, Group 'C' employee and Group 'D' employee in nationalised banks and

regional rural bank Regional Rural Banks (RRBs) are government owned scheduled commercial banks of India that operate at regional level in different states of India. These banks are under the ownership of Ministry of Finance , Government of India. They were creat ...

s in India. It also provides standardised systems for assessment and result processing services to organisations.

History

After nationalisation of banks in India in 1969, Indian banks needed to expand their branch network across the country so that they were more accessible to their customers. This required more staff but recruitment through methods such as advertising were unsatisfactory. Thus, the banks asked the National Institute of Bank Management (NIBM) to design a selection testing process through which they could hire proficient candidates. And as a result, a small unit named Personnel Selection Services (PSS) was established to handle these types of projects. A few years later, in 1984, PSS was converted into IBPS. IBPS currently functions as an autonomous body that is mainly engaged in conducting competitive exams for recruitment to clerical and officers' posts in the banking sector. Earlier, candidates had to write multiple exams conducted by each bank for their vacancies. But from 2012, the Recruitment process has been changed. Now IBPS conducts four different recruitment processes namely CRP PO/MT, CRP RRBs, CRP Clerical, CRP Specialist Officers under which various exams take place every year for banking sector recruitment. The exams conducted by IBPS are as follows: *IBPS PO/MT exam takes place for the recruitment of Probationary Officers and Management Trainees' in the participating banks, which are national public sector banks. *IBPS SO exam takes place for the recruitment of Specialist Officers, which are Scale-I officers in the national public sector banks. *IBPS Clerk exam takes place for the recruitment of clerks in the national public sector banks. *IBPS RRB Officer Scale-I exam takes place for the recruitment of Scale-I Officers in Regional Rural Banks, this post is equivalent to Probationary Officers post in National Public Sector Banks. *IBPS RRB Office Assistant exam takes place for the recruitment of Office Assistant in Regional Rural Banks, this post is equivalent to Clerk post in National Public Sector Banks. *IBPS RRB Officer Scale-II and Scale-III exam takes place for the recruitment of Scale-II and Scale-III Officers in Regional Rural Banks, the post of Officer Scale-II is equivalent to Specialist Officer post and Officer Scale-III post is equivalent to Senior Manager in National Public Sector Banks.

Governance

IBPS is governed by a board that includes nominees from government organisations such as the

Reserve Bank of India The Reserve Bank of India, chiefly known as RBI, is India's central bank and regulatory body responsible for regulation of the Indian banking system. It is under the ownership of Ministry of Finance, Government of India. It is responsible f ...

, Ministry of Finance, Government of India,

Indian Institute of Technology Mumbai The Indian Institute of Technology Bombay (IIT Bombay or IITB) is a public research university and technical institute in Powai, Mumbai, Maharashtra, India. It is considered as one of the best engineering universities in India and is top ranked ...

Indian Institute of Banking and Finance The Indian Institute of Banking and Finance (IIBF), formerly Indian Institute Of Bankers(IIB) imparts professional education in banking and finance. It is known for its flagship courses, the Junior Associate of Indian Institute of Bankers ( ...

National Institute of Bank Management The National Institute of Bank ManagementNIBM is an autonomous institute located in Pune, India. It is an autonomous, apex institution for research, training, education and consultancy in bank management. About the institute NIBM was establis ...

Indian Banks' Association Indian Banks' Association (IBA), formed on (26 September 1946) as a representative body of management of banking in India operating in India - an association of Indian banks and financial institutions based in Mumbai. With an initial membership re ...

and the government owned banks.

Services

IBPS offers its services to banks in the

government A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is ...

and

private sectors The private sector is the part of the economy, sometimes referred to as the citizen sector, which is owned by private groups, usually as a means of establishment for profit or non profit, rather than being owned by the government. Employment The ...

, regional rural banks, and foreign banks. It also serves other financial institutions, including co-operative banks, insurance companies, academic institutions, and both private and state-owned companies. The services are:IBPS Services
/ref> *Project consultation: assistance in conducting examinations for recruitment and promotion *Assessment centres that help organisations in identifying the knowledge and skills of applicants for the suitable positions *Personality assessments using group exercises and interviews to identify the candidates’ higher cognitive skills *Training programmes for senior staff to help develop their observational and interviewing skills *Workshops for people who design their own question papers *Lists of experts who can conduct interviews or group exercises effectively

References

External links

*{{official website, http://ibps.in/ Banking in India Employment agencies of India Government recruitment in India