The time has arrived for bank job aspirants to realize their dream of working in a public sector bank.With the IBPS PO 2016 online registration process now open for applying, candidates should fill their bank preference.Since many of you requested, were are explaining on how to choose IBPS PO bank preferences & why is it necessary for provisional allotment?
The IBPS PO 2016 notification was released recently by Institute of Banking Personnel Selection (IBPS) who are responsible for conducting common selection process for officer jobs in government banks.
PO Jobs only in 14 Banks
IBPS had published a list of 8822 vacancies in 14 banks for the year 2017-18 (no posts declared in 6 banks)
They have also mentioned that these openings are only temporary & vacancy position could differ in the coming months.
The category wise list of PO jobs in banks are:
- General/ UR – 4500
- OBC – 2319
- SC – 1338
- ST - 665
Candidates need to mark their order of preference for all the participating banks from July 26 to August 13, 2016 in the online application form itself.
How to Choose Bank Preferences?
Gone are the days when individuals had to apply for each bank & wait for long time to know their results.After the implementation of IBPS common selection process, appointment in banks are completed automatically, purely based on merit.
Order of Preference: Many of you were asking our suggestions for IBPS PO 2016 post preferences.
Here is our list of preferences that was prepared depending on the bank`s business (Profit/ Loss,NPA), Employee reviews (shared on internet) & overall brand value of that organization.
- Canara Bank
- Punjab National Bank
- Bank of Baroda
- IDBI Bank
- Allahabad Bank
- Bank of India
- Indian Bank
- Union Bank of India
- Central Bank of India
- Bank of Maharashtra
- United Bank of India
- Vijaya Bank
- Andhra Bank
- Oriental Bank of Commerce
- Corporation Bank
- Punjab & Sind Bank
- Syndicate Bank
- UCO Bank
- Dena Bank
- Indian Overseas Bank
When the IBPS PO final results are announced, candidates get to know their allotted banks on the same day itself.The respective banks shall inform joining dates individually.
Note:It is not necessary for you to choose IBPS PO 2016 bank preferences based on our list.You may select them as per your wish.
I want home state posting.Which bank to choose?
Home state/ city postings are not guaranteed for PO (officer) jobs in banks.
IBPS has clearly stated that candidates should be willing to work anywhere in India as PO position is an all india cadre & can be posted/ transferred as decided by the bank.
So, dont expect to get posting within your home state.
Is there state-wise cutoffs in IBPS PO 2016 exams?
No state wise cutoffs.IBPS PO exam cutoffs are declared for all india level only.
There are no vacancies in few banks.Will they announce later?
As of now, out of the 20 participating banks, 6 have not reported 0 vacancies.
Among the six, Bank of Baroda & Indian Overseas Bank did not recruit through IBPS exams last year also.Poor business performance & rising bad loans forced RBI to take action against few banks.
Corporation bank, Dena bank, Indian bank, Bank of Maharastra are the other 4 banks with 0 vacancies for 2017-18.All of them seem to struggle with abundant NPAs which could be the reason behind this delay in intimating their posts to IBPS.
IBPS on the other hand has kept option open by saying the vacancy list is only temporary & will be updated incase banks create new posts in future.
If you have chosen the preferences, checkout the comparative study of Salary, Probation & Bond conditions in all govt banks