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December 05, 2012

Finance Minister asks Banks not to excessively dependent on IBPS


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In a meeting in Delhi yesterday, The finance minister  P Chidambaram has asked all chiefs of public sector banks  not toexcessively dependent on IBPS for recruitment and to play a more proactive role in terms of recruiting their employees.  “Each banks should design its recruitment policy to suit its own requirement” he added.

The IBPS have been conducting Common Written Tests on behalf of public sector banks. IBPS does not interview the candidate for the PSU bank, but has a say in directing candidates, who have cleared examination, to different banks for interview. "Bankers have been satisfied with IBPS and recently some banks were thinking of asking IBPS to interview candidates on their behalf. However, the Finance Minister's view on the subjects will results into rethinking on this matter," said a banker present in the meeting. 

Candidates are required to name three banks where it would like to appear for interview if selected after giving written examination. Most candidates prefer bigger banks while a lot of candidates prefer banks with headquarters located near their hometown. Over the last three to four years, IBPS has developed skills sets in screening and conducting examinations. Also, bankers said that IBPS is the only institute with the infrastructure to conduct large-scale examinations. "When we are looking at hiring thousands of employees we receive application from over a lakh candidates. So hiring at PSU it is a massive task," said a bank chief. In the year 2011-12, IBPS tested 9.7 million candidates. Besides, PSU banks, it also conducts similar exams for insurance companies and some of the central and state government companies. 

What will be the result of this issue?
It may leads the banks to conduct their own interviews for the recruitment of POs and Clerks rather than depending on Common Interviews which are supposed to be conducted by IBPS from this year. 

Source : The Economic Times dated 4th December 2012

no common interviews for nationalized banks?


  1. result out hone k itne dino bad bhi interview ki koi notification nhi aayi hai......

  2. i think no common interview for po and clerk candidates

  3. is there a common interview or not please reply mam

    1. Until and unless you get the official confirmation frm banks, common interviews will be there.

  4. i m vikas frm hryana in gen ctg. i got 121 in po and 132 in oa. pls btao mere interview k kitne chance h dono me.....

  5. hi mam
    please update general awareness for LIC ADO it is very useful to me .for exam. reply

    1. Sorry Shree... We don't have good knowledge on the current affairs section of LIC ADO Exam.. Thats the reason why we are not updating any special guide for LIC Ado Current Affairs.... Please make use of our monthly Current Affairs pdf files. They may come handy for you.. All the best


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