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Institute of Banking Personnel Selection (IBPS) is an autonomous agency in India. It started its operation in 1975 as Personnel Selection Services (PSS).In 1984, IBPS became an independent entity at the behest of Reserve Bank of India (RBI) and Public Sector Banks. IBPS is envisioned as self-governed academic and research oriented Institute, with a mission of enhancing human-resource development through personnel assessment.
In 2011, IBPS announced a Common Written Examination (CWE) for the recruitment of officers and clerks in Indian banks. IBPS CWE is now mandatory for anyone who seeks an employment in 29 public sector and regional rural banks. IBPS periodically accepts exam applications from candidates at their website, and the exams are organized at various locations in the country in online mode. Aspirants have to go through an interview process after passing the online test. On the basis of the interview, candidates are placed in regional rural banks.
The Governing Board consists of nominees from Reserve Bank of India, Ministry of Finance Government of India, National Institute of Bank Management, representatives of Public Sector Banks, Insurance sector and academics. The matters related to policy and affairs of the Institute are vested in the Governing Board.
IBPS offers project consultation, personality assessment, training programs, and workshops and also facilitates nominating experts as well as setting up assessment centers besides its key activity of conducting recruitment of bank personnel through CWEs.
IBPS announces each year positions in clerical, PO and SO posts in nationalized banks, State Bank and RRBs. Those meeting eligibility criteria have to apply online, register, pay the application fees, obtain the admit card and appear for preliminary and final common written exams (CWE) and then an interview (in the case of IBPS PO and IBPS SO) before a selection panel. IBPS announces dates for submitting applications, dates for the exam and thereafter dates for the interview and also intimates selected candidates.
Recruitment for PSBs follows a 2 or 3 tier scheme. IBPS RRB[PO/CLERK], SO and IBPS CLERKrecruitment are two phase processes, while IBPS PO consist of three stages. The first phase is Common written examination, followed by Interview and the final placement.