Thursday, November 24, 2016
What is IBPS and its role in banking selection
What is IBPS and its role in banking selection
What is IBPS and its role in banking selection
he origin of banking sector in India could be traced back to 18century with the advent of British in India. The private banks although gave very prompt services to the customers, but failed to win the confidence of their customers, in their capability to provide security to their money. The customers could not bestow their full faith in the private banks. The trust of the customer is the prime factor in banking sector and the same was missing .Thus the private banks could survive but were unable to flourish in spite of their all out efforts.
The nationalization of private banks in India was the turning point in the banking history, as it gave the whole hearted support and trust of the people in the banks as they knew that if the banks failed to pay their money then the Government will pay the money. Hence the banks started enjoying the whole hearted confidence and trust of the people. Thus the banking in India started growing with leaps and bounds. The growth brought with it good profits for banks ,and they started looking towards attracting better talent towards the banking sector .Hence need for a organization was felt, which could solely undertake the responsibility of conducting exams, selecting right personnel for the banking sector and to formulate such a pattern of exams so that only right candidate is selected. Thus originated the institution of banking personnel selection or IBPS.
What is IBPS ?
Institution of Banking Personnel Selection was established in the year 1975 with the sole objective of selecting the right candidates for the banking sector. The candidates, who have natural flair for the banking sector, and who could face the challenges of the near future, and can take the banking sector to new heights of success and growth. The success of the institution can be attributed to the growth of banking sector since 1975.
Multidimensional Role of IBPS in banking sector of India.
The IBPS designs the pattern of exams, conducts the exam and finally selects the right candidates through interviews. The introduction of latest pattern of examination shows the vigilant attitude of the institution. Test of reasoning, logical thinking and various exams to test the ability of the candidate in conducting the normal working of the bank with the fastest possible way without committing mistake ,gave fillip to banking in India. In fact the IBPS played a pivtol role in the growth of banking sector in India. Read latest IBPS Exam.
IBPS as co-coordinator between banks
IBPS made the selection process for banks very easy it conducted the exams on a very scientific pattern and gave the banks list of success full candidates to call for interviews. As the time progressed it developed the pattern of common entrance examination pattern for various banks. The candidates are provided with score card, and the marks scored by the candidate respectively. This score card and the marks is to be mentioned, while applying in the various banks for the post, for which the candidate has given the common entrance exams .Thus banks are left with the task of conducting interviews and selecting the candidate.
IBPS as Trouble shooter
IBPS worked as trouble shooter for the banks .As it saved the banks from the trouble of selecting the right candidates without being indulged in the bad practices of regionalism, nuptials and above of all the examination was not confined to the local level .Hence inviting the talents from all over the India. Thus every bank was enriched with the best talent available in India.
Hence one cannot deny the role played by IBPS in the growth of banking sector in India. In fact the banks in India can be proud of the fact that they are key role players in the most stable and growing economy of the world.
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