IBPS, by implementing the common written exams has revolutionized the bank recruitment process, made selections more transparent than ever & shortened the time taken to fill bank jobs.
Just like every new initiative, questions continued to haunt many aspirants who raised them through comments on our website, facebook page & emails.
To provide you with proper answers, we at BankExamsIndia.com recently fixed an appointment with the man behind the institute – Mr.M.Balachandran (Director, IBPS).
Apart from explaining the process in detail, he was also patient enough to clarify the doubts commonly asked by candidates that were compiled by us.
Extract from the interview are below,
Will the scorecards issued by IBPS be seized?
As of now, candidates are asked to execute a service bond after joining a bank for certain amount agreeing not to quit the organization for few years.This is done to discourage employees from hopping from one place to another as it puts the entire recruitment process into jeopardy. For example, somebody joining Indian bank & leaving after 6 months to join some other bank upsets the complete system.Having the person recruited,trained & posted in a location, if he/she suddenly leaves Indian bank – they will have to fill such vacancies through fresh recruitments. So If any bank plans to follow such a rule they would inform in advance & candidates can decide whether to join them or not.
Has IBPS devised any such procedure for seizure of cards?
IBPS does not have any role to play here. It will be a decision of individual banks & if they want to implement it, they would inform it upfront (in the notification)
What happens to the old scorecard if a person clears the next exam?
The main idea of conducting more than 1 exam in an year (two exams/ yr for PO & clerks) is to provide an opportunity for candidates to improve their scores if they feel the marks obtained are not good enough to compete with others. In the 2nd exam, if a candidate scores less marks than the previous, he is free to quote the scores obtained in the previous exam to apply for future bank jobs. Within the validity of 1 year – whatever score a person feels is best, they can adopt it.The choice is left to the individual.There is no compulsion to use only the scorecard from the recent exam. If candidates have 2 scorecards & both are within the 12 months validity period, they can use any of the both.
Next part: IBPS not trying to make money from CWE, stresses director.