IBPS is the Autonomous Organization which focuses on the services for the people regarding the recruitment, assessment and selection.
Establishment of IBPS
IBPS was established in 1975. During the launch of the agency, it was known as Personnel Selection Services or simply as PSS. However, in 1984 on the efforts of the RBI and several Public banks, the PSS was declared as Autonomous Organization.
Vision of IBPS
IBPS runs with the vision of providing the well balanced platform to the selection of Personnel for various clients and to develop some world class methods of the selection. It also focuses on the research and aim to conduct relevant research and bring out some new innovations and make them available publicly for the benefit of the various clients and people.
Historical Backdrop of the Organization
IBPS which became as an independent entity in 1984 was Mr. Manmohan Singh as the first Chairperson of the organization. It was given the responsibility of providing the personnel and HRM Services to the various clients, especially in the banking sector of the country. The organization which came into effect under the Societies Registration Act, 1860 has now completed several decades of its services in the country. The other act which played a vital role in the establishment of the organization was the Bombay Public Trust Act, 1950 which provided it a reputation of a Public Trust.
The wide and rich history of the agency can be concluded from the fact that in 1984, it was given the recognition as a Scientific and Industrial Research Organization or SIRO. The recognition was given by the Department of Scientific and Industrial Research, Ministry of Science and Technology, Govt. Of India.
Exams Conducted by IBPS
The IBPS currently conducts various examinations in the country which are related to the banking services. The names of these examinations are as follows:
1.) Common Written Examination Clerk
2.) Common Written Examination or CWE Probationary Officers or Management Trainee
3.) CWE Specialist Officer which includes the recruitment of Law Officers, IT Officers and other such Professionals.
4.) CWE RRB Officers.
5.) CWE RRB Clerks or Assistants.
At present, the IBPS conducts most of the examinations through online mode, which is in fact a new and innovative way to bring in the students and aspirants to closer to the technology. The IBPS has joined hands with a well known IT Company of the country in the conduct of these examinations and are successfully conducting the examinations all across the country. The IBPS with its hard works are now at the stage that they are able to conduct the examinations simultaneously for over lacs of the aspirants through the 200 centers of the country successfully.
Governing Board of the IBPS
The governing board of the organization consists of the members nominated by RBI, Ministry of Finance, Representative members of the Public Sector Banks involved with it, representatives from the Insurance sectors and academics and National Institute of Bank Management.
Banks associated with the IBPS
Currently there are 22 banks, which are associated with the IBPS and look forward to get the personnel through the IBPS. These banks are as follows:
1. Allahabad Bank
2. Central Bank of India
3. Union Bank of India
4. UCO Bank
5. Canara Bank
6. Bank of Baroda
7. Indian Bank
8. IDBI Bank
9. Bank Of India
10. Indian Overseas Bank
11. Bharatiya Mahila Bank
12. Corporation Bank
13. United Bank of India
14. Vijaya Bank
15. Dena Bank
16. Punjab National Bank
17. Punjab And Sindh Bank
18. Syndicate Bank
19. Bank of Maharashtra
20. Oriental Bank of Commerce
21. And lastly, Export Credit Guarantee Corporation of India Bank
Services of the IBPS
The services of the IBPS are not just related to the banking sector. When we talk about IBPS, it’s the banking sector, which first comes into the minds. But truly speaking, the IBPS has been providing their services in the various other sectors like Insurance, Central Government Departments along with state Government Departments, Academic Institutes, Public sector Units and Private Corporate sectors.
Special Reference to the CWE
Recently, IBPS’ most important services come as the conduct of the CWE or the Common Written Examinations for the jobs in the various banks for the various posts. Before the CWE, all the banks were conducting their own recruitment process and thus students required to attend such examinations again and again and thereby affecting their time and finance. Thus, IBPS was given the task to conduct the CWE for filling the vacancies of such banks. The first CWE Exam was held in the year 2011.
IBPS is the organization which is increasing its features and functionality with each passing day and bringing in new innovations in the country in various fields.