Bank exams in 2011 would not be same, as public banks have decided on a common test to fill vacancies.Although such an arrangement was in the talks, a consensus has been reached now among the organizations.This common test is expected to minimize the hassles involved in bank recruitments.
Test Process: 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 2-3 times a year.
By this method, banks are expecting to complete their recruitment process within 4 months time compared to one year now (sometimes even higher), as candidates would be available on demand.
All they have to do is advertise the positions, specify the eligibility & common exam score.Those who have secured the given score have to submit the applications to the bank.There wont be any need to pay application fee or appear for another exam.
SBI stays away: While explaining the above details - Dr K.Ramakrishnan,Chief Executive,Indian Bank`s Association also 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.
What this means is, SBI will conduct its own recruitment for which candidates have to write a separate test.
Nearly 50% employees of public sector banks would retire within the next ten years, says a recent survey.
Inorder to fill this void gradually, the proposed All India common test for bank jobs is very much required especially when 80000 bank jobs are to be created in the next 3 years!
Latest: Common Bank Exam for PO vacancies to be held in September 2011.