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What is the full form of IBPS?

Full form of IBPS: Here, we are going to learn about the IBPS, full form of IBPS, overview, history, IBPS vision, IBPS participating bank, etc.
Submitted by Anushree Goswami, on February 13, 2020

IBPS: Institute of Banking Personnel Selection

IBPS is an abbreviation of the Institute of Banking Personnel Selection. It is a self-governing recruitment organization which works towards the process of encouraging the recruitment and placement of youthful graduates in public sector banks in India, other than the State Bank of India and for that, it carries out online exams to recruit officers, clerks, and trainees in public sector banks in India. Its head office is situated in Mumbai, India.

Following given below is the list of different exams for different positions conducted by IBPS in public sector banks,

  • IBPS Clerk Exam for clerical positions
  • IBPS PO Exam for Probationary Officers
  • IBPS SO Exam for Specialist Officers
  • IBSC RRB Exam for Officers and office assistants in Regional Rural Banks
IBPS full form

Image source: https://en.wikipedia.org/wiki/Institute_of_Banking_Personnel_Selection

IBPS Vision

Its vision is to build up and execute outstanding processes and systems for the evaluation, review, and selection of personnel in a reasonable approach for client organizations and carry out significant research and making the results public.

IBPS is administered by a board that comprises candidates from government organizations such as the Reserve Bank of India, Ministry of Finance Government of India, Indian Institute of Technology Mumbai, Indian Institute of Banking and Finance, National Institute of Bank Management, Indian Banks' Association and the public sector banks. Mr.Rajkiran Rai is the current Chairman and Shri Harideesh Kumar B is the current Managing Director of IBPS.

IBPS from time to time conducts online exams. It allows and acknowledges online exam applications at its website and exams are carried out at multiple places across the country.

IBPS Brief History

  • In 1975, it began its function as Personnel Selection Services (PSS).
  • In 1984, with the authorization of Reserve Bank of India (RBI) and public sector banks, it became an independent organization.
  • In 2011, it began carrying out the Common Written Examination (CWE) to employ candidates in public sector banks.

In the present time, CWE of IBPS is compulsory to get employment in the public sector or regional rural banks.

IBPS Participating Banks

Apart from RBI, nearly all public sector and rural banks acknowledge the IBPS score.

Following mentioned below are some of them,

  • Allahabad Bank
  • Bank of Baroda
  • Bank of India
  • Central Bank of India
  • Dena Bank
  • Indian Overseas Bank
  • Oriental Bank of Commerce
  • Punjab National Bank
  • Union Bank of India
  • UCO Bank

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