IBPS: 6 important facts about this exam

Most students who are keen to get into the banking industry have heard of IBPS that conduct exams for entry to banks in India. Here are a few things you might not have known about IBPS . . . .

Most students who are keen to get into the banking industry have heard of IBPS that conduct exams for entry to banks in India.

Here are a few things you might not have known about IBPS:

#1 The journey of this Institute began in 1975, just after nationalization of banks, as a self governing agency in India, and took on an independent entity called the Institute of Banking Personnel Selection (IBPS) in 1984, as per the Reserve Bank of India (RBI)‘s command.

#2 In 2011, IBPS announced its common written examination (CWE) for the selection of officers and clerks in Indian banks.

#3 IBPS common written examination is now mandatory for anyone who seeks an employment in the 19 public sector and Regional Rural banks in India as listed below:

– Andhra Bank
– Bank of Baroda
– Bank of India
– Bank of Maharashtra
– Canara Bank
– Central Bank of India
– Corporation Bank
– Dena Bank
– Indian Bank
– Indian Overseas Bank
– Oriental Bank of Commerce
– Punjab National Bank
– Punjab & Sind Bank
– Syndicate Bank
– Union Bank of India
– United Bank of India
– UCO Bank
– Vijaya Bank
– IDBI Bank

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#4 As per the official report, the year 2011-12 recorded a remarkable achievement of registering more than 14 million candidates appearing for various exams conducted by the IBPS.

#5 IBPS applies a cut-off method to determine the final score known as the TWSS (Total Weighted Standardized Scores).

#6 Exams conducted by IBPS for different cadres:
– CWE PO/MT for the position of Probationary Officer or Management Trainee.
– CWE Clerk for Clerical positions.
– Specialist Officer for specialist officer positions.
– RRB for the selection of officers & office assistants to Regional Rural Banks (RRBs) governed by NABARD.

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