So far, each bank conducted separate examination for each post or vacancy available in their bank to recruit the candidates. This process consumed lot of time and resources. With the IT industry crisis in the last few years, the demand for banking sector jobs also increased resulting in increase of number of candidates applying for banking jobs. This made the recruitment process more time taking for both banks and candidates. The candidates had to wait for 1 year (or more sometimes) for the result. Hence, in view of these factors, Institute of Banking Personnel Selection (IBPS) has decided to conduct a Common Entrance Test for all public sector banks. This not only minimizes the problems that are said above but also simplifies the difficulty for the candidates in attending multiple exams.
Test process will be as follows:
The common entrance test would be conducted, by the Institute of Banking Personnel Selection (IBPS) at all-India level. Successful candidates will be given a scorecard with a validity of 1 or 1½ yrs. Within this period, they can apply for bank job notifications & appear for Interview. The candidate has to take the test again, after the validity expires. The test is likely to happen atleast 3 – 4 times a year.
By this method, banks are expecting to complete the recruitment process in 4 months time, as candidates would be available on demand.
However State Bank of India and its Associate banks have not joined this program which is the main disappointment for the banking sector job seekers. Dr K.Ramakrishnan,Chief Executive,Indian Bank`s Association mentioned that 20 public sector banks have agreed on this common test proposal except State Bank of India (SBI) & its five associate banks as they have separate selection process.