With the IBPS conducting the common written exams for bank jobs, the time taken by a public sector bank to complete their recruitment has come down.What would take nearly 8-10 months is now being wrapped up within 2 months.The recent example is Union Bank of India that has just released the appointment list for 2000+ PO vacancies in 2 months of starting the hiring activity.
These common tests were conducted to fill jobs in 19 public sector banks except SBI.But Mr.M.Balachandran (Director, IBPS) had confirmed to us about the interest shown by many private banks to use these scores for their recruitments.(read private banks to use CWE scores).A report in businessline has now provided more details about those private sector banks.
According to it, the following 4 pvt banks,
- Karur Vysya Bank (KVB)
- Lakshmi Vilas Bank (LVB)
- Catholic Syrian Bank (CSB)
- Karnataka Bank
have agreed to fill their vacancies by picking candidates who clear the all India common examinations for entry level jobs in Indian banks.
When to Expect?
Although these private banking institutions have approved of using the system, it will take some months to actually start recruiting through CWE & scorecards.
The main reason citied by the banks are their ongoing recruitments which have reached final interview stages.So only after they complete the current hires, will they come under the CWE umbrella.
For the next IBPS PO exam scheduled to happen in the month of June 2012, we may expect some announcement about the inclusion of private banks.
How many Vacancies?
Unlike public sector banks that announce vacancies in the range of 1000-2000 in one go, these private bankers may fill up only in few hundreds.For the current year, KVB plans to add 800,CSB 350 & TMB 300, it is stated.
With a large pool of candidates, it is natural for organizations to select & make best use of the available talent.We are seeing exactly that in the case of bank jobs.