Bank Recruitment

About Various Bank Exams

Every year, multiple exams are conducted for the recruitment of Bank PO, Bank Clerk & Specialist Officers. Broadly, these exams can be classified into following Categories-

IBPS PO: It is a common exam conducted by Institute of Banking Personnel Selection (IBPS) for 20 PSU Banks for the recruitment of Probationary Officers.

IBPS Clerk: It is a common exam conducted by Institute of Banking Personnel Selection (IBPS) for 20 PSU Banks for the recruitment of Clerical Cadres.

IBPS Specialist Officers (IBPS SO): It is a common exam conducted by Institute of Banking Personnel Selection (IBPS) for 20 PSU Banks for the recruitment of Specialist Officers like Marketing Officer, IT Officer, HR Officer etc.

IBPS Regional Rural Bank Exam: Institute of Banking Personnel Selection (IBPS) conducts a common written exam for all the Regional Rural Banks of India (RRBs) for the posts of Probationary Officer, Clerical and Specialist Officers.

SBI Probationary Officer: State Bank of India conducts its own exam for recruitment of Probationary Officers.

SBI Clerk: State Bank of India conducts its own exam for recruitment of Clerical Cadres.

RBI Grade B Exam: Reserve Bank of India recruit officers (Grade B) through an All India exam. Through, there are very few jobs in this, but working with RBI has its own benefits and future prospects.

RBI Assistants Exam: RBI recruits Clerical Cadres through an All India exam. Again, a job in RBI is considered very prestigious.

Bank Exams Pattern

Recruitment in government banks is generally done in three stage recruitment process.

• First two phases are written test, which are called Pre and Main; and last stage is the interview process. Shortlisting of candidates is done at each stage – Pre, Main and Interview.
• Final merit list is prepared on the basis of marks in Mains and Interview (weightage: 80% Written Test & 20% Interview).

General Bank Exams Syllabus

Written tests in bank exams generally ask questions to test the General Aptitude of the candidates.

In Prelims, 100 questions are asked from three different sections – Quantitative Aptitude (35 Questions), Reasoning Ability (35 Questions), English Language (30).

While in the Mains exams, 200 questions are asked covering Quantitative Aptitude, Reasoning Ability, English Language, General Awareness and Basic Computer Knowledge.

Syllabus of all above sections is given below:

Quantitative Aptitude:

Number Systems, Ratio & Proportion, Percentage & Averages, Profit & Loss, Mixtures &Alligations, Simple Interest & Compound Interest, Surds & Indices, Time & Distance, Mensuration – Cylinder, Cone, Sphere, Sequence & Series, Permutation Combination & Probability, Quadratic Equations, Data Interpretation.

Reasoning Ability :

Sitting Arrangements, Tabulation, Logical Reasoning, Syllogism, Input Output, Coding Decoding, Alphanumeric Series, Ranking / Direction / Alphabet Test, Data Sufficiency, Coded Inequalities, Non Verbal Reasoning.

English Language :

Reading Comprehension, Cloze Test, Error Spotting, Sentence Correction, Para Jumbles, Vocabulary, Multiple Meaning Words, Paragraph Completion and New Pattern Questions of various types.

Computers :

Number System, History of computers, Hardware, Software, Database (Introduction), Communication (Basic Introduction), Networking (Lan, Wan), Internet (Concept, History, Working Environment, Application), Security Tools, Virus, Hacker, MS Windows & MS Office, Logic Gates.

Current Affairs:

Banks in NEWS, Economy based current affairs, Business NEWS, Agreements, New Appointments, Visits, Government Schemes, Awards and Honors, Summits, Committees, National and International, Obituaries, Reports and Indexes, Books and Authors, Defense, Sports.

Banking:

RBI, Function of RBI, Banking Abbreviations, Banking Regulation Act 1949, Policy Rates, Types of Accounts, NEGOTIABLE INSTRUMENTS ACT 1881, BANKING OMBUDSMAN SCHEME 2006, FINANCIAL INCLUSION, PRIORITY SECTOR LENDING, MONEY MARKET INSTRUMENTS, Capital Market

Institute of Banking Personnel Selection (IBPS)

Every year the InstitutAnchore of Banking Personnel Selection holds the IBPS PO Bank Exam to select Probationary Officers in Public Sector banks. IBPS offers recruitment services to all Public-Sector Banks, SBI, Associate Banks of SBI, RBI, NABARD, SIDBI, LIC & Insurance companies and regular member Banks of the IBPS society.

IBPS started the Common Written Examination (CWE) in the year 2011 to recruit officers and clerks in Public Sector Banks. It accepts online application through its official website for registration of the examination.

About IBPS : Historical Background

The journey of IBPS is closely associated with a major event in the economic arena of the country; the Nationalisation of 14 major Banks in 1969, and thereafter, establishment of NIBM as an apex level research and training institute of all public sector Banks, almost at the same time.

After Nationalisation of the Banks in 1969, the Banks were required to open more and more branches so that more and more people can avail “Banking Services” in the country. Banks started expanding their branch network, but it was not possible without recruitment of new employees. Managing the Critical and Crucial activity of “Selecting Right People for the Right Jobs” was a big task for the banks. At the same time the selection process of the banks, which they were following those days, was not a uniform, standard & scientific selection process. Besides this, some Sr. People in the Banks were of the opinion that the traditional system of selecting employees had no clarity regarding the characteristics to be measured in the selection process and their relevance to subsequent on-the-job performance and career growth of the selectees.

Since Banks were Public Sector Organisations, the “Public Accountability” was also a major guiding principle for them. It was necessary for them to adopt a selection system which should be open to all eligible and qualified applicants. It should be fair, impartial, effective and should select only those candidates who are “most suitable” for the job. But since Branch Expansion was the priority of the banks, they started advertising their vacancies.  As expected they were flooded with applications of many well qualified candidates. The personnel departments of the banks were not equipped to handle this voluminous activity. Therefore some of them approached NIBM which designed a new Selection Testing Process for the Banks and launched it in some parts of the country. The new system got spontaneous acceptance from the banking industry. As a result more and more banks voluntarily started using this new service. As the demand increased substantially, it was decided to constitute a small Personnel Selection Service (PSS) unit to handle these projects. A few years later in the year 1984, the same PSS Unit of NIBM was converted into IBPS and Dr. A. S. Deshpande, who was then Professor in-charge of PSS Unit, became its founder Director.

About IBPS : Organisational Structure

About IBPS : Services

IBPS helps organisations in their personnel selection Activities on Request. IBPS offer services in following Six Areas:

1. Recruitment Projects
2. Promotion Projects
3. Admission Test & Certification Projects
4. Assessment Centre Projects
5. Assessment of Group Dynamics Related Personality Traits (Group Exercises)
6. Projects where only Registration of Applications were done

All services related to Mass level examinations are provide through On-line mode only.

IBPS RRB Participating Organisations

The IBPS RRB exam is conducted to recruit Officers and Office Assistant to the different Gramin Banks of the country. Given below is the list of participating Gramin Banks:

Regional Rural Banks

SBI PO 2022 Exam Date Out: SBI PO 2022 exam is to be conducted by the State Bank of India (SBI) to select eligible candidates for the 1673 Probationary Officers (PO) vacancies in different branches of the State Bank of India. SBI PO Notification 2022 has been released along with SBI PO Exam Dates. As mentioned, the SBI PO 2022 prelims exam is scheduled for 17th/18th/19th/20th of December 2022 and SBI PO Mains is to be conducted in January 2023 / February 2023. SBI PO is one of the most coveted jobs in the Banking industry and a dream job for millions of aspirants across India. SBI PO is considered a premium job opportunity in the banking sector because of the following reasons:

• Brand value of SBI and reputation associated with SBI PO post

• Lucrative pay scale which is highest among PSU Banks

• Growth opportunities where even a PO can progress to the level of Chairperson

• Job satisfaction and social prestige

Transfer policy in public sector banks

Candidates aspiring for Bank Jobs must be bothering about transfer policy after their selection. Job with a Government Bank is a very lucrative offers which comes with a number or perks like comfortable work hours, job stability & security, regular pay, and a sense of respect and dignity with very few distractions, transferable job topping the list. With changing times, there has been a considerable hike in the number of people eying for a job with a Government Bank. This has resulted in a increased staff number including the female staff

1. Keeping in mind the security and family issues, the Department of Financial Services under the Ministry of Finance, Government of India has asked the public sector banks to adopt a ‘Preferential Transfer Policy’ for female employees. ‘Preferential Transfer Policy’: The Department of Financial Services, vide an official circular, asked all public sector banks to frame women-specific transfer policy, which would give them an opportunity to stay with their families. The new transfer policy would facilitate easy transfers of female employees. The proposed provisions to the PSU banks would allow:

• Married female employees to be placed/ transferred at the same place or the place nearest to where her husband reside.
• Unmarried female employees to be placed/ transferred at the same place or the place nearest to where her parents are reside.

2. The Government has asked the banks to frame their internal transfer policy for female employees considering the above mentioned points. The policy is also expected to include all pending transfer requests from female employees already employed with various public sector banks.
3. As it is a well known fact that banking job is a transferable one and the same is declared by all the Banks at the time of inviting applications as well as in the later stages of the recruitment process. The initial training and placement of the selected bank employees is done on the basis of vacancies at different locations across the country, including the rural and far-off areas. Many female candidates apply for a transfer to their home town/ city, just after completing their training period, to stay with their families.
4. In some cases, female employees resort to resignation as the last retort when they are not given a transfer to a place of their choice.
5. In view of the criticalities of the life of the female employees, the Finance ministry has asked to work out a dedicated transfer policy for female employees, which would enable banks to appoint/ transfer female employees to their hometowns.