Is a government owned bank personnel recruitment agency under the jurisdiction of Ministry of Finance , Government of India that was started with an aim to encourage the recruitment and placement of young undergraduates, postgraduates and doctorates in government owned banks in India. It also provides standardised systems for assessment and result processing services to organisations.
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.
Earlier, candidates had to write multiple exams conducted by each bank for their vacancies.
PO/MT exam takes place for the recruitment of Probationary Officers and Management Trainees' in the participating banks, which are national public sector banks.
SO exam takes place for the recruitment of Specialist Officers, which are Scale-I officers in the national public sector banks.
Clerk exam takes place for the recruitment of clerks in the national public sector banks.
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.
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.
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.
Abbreviation
IBPS
Formation
1975; 47 years ago
Type
Government owned Bank Personnel Recruitment Agency
Probationary Officer
Specialist Officer
Clerk/Associate
Attendant/Security Guard
Purpose
Recruitment of Government owned Bank Personnel
Headquarters
IBPS House, D P Road,Near Thakur Polyrecnic, Off. Western Express Highway, P.B.No 8587, Kandivali(E), Mumbai, INDIA
Location
Maharashtra , India
Region
India
Official language
English and Hindi
Chairman
Mr.Rajkiran Rai G
Director
Shri Harideesh Kumar B
Parent organization
Ministry of Finance , Government of India
Website
www.ibps.in
Including Banks
Punjab National Bank
Union Bank of India
Bank of India
Indian Bank
Canara Bank
Indian Overseas Bank
Central Bank of India
UCO Bank
Bank of Baroda
Punjab & Sind Bank
Bank of Maharashtra