One exam for all bank jobs in India, was a necessity to counter the huge gap in matching the talent with industry demands.The common banking examinations could well be the answer for bridging that shortage as it facilitates faster filling of vacancies.New details have emerged from IBPS about the tests & results.
Institute of Banking Personnel Selection(IBPS) introduced an all India competitive common bank exam on the lines of CAT.The first edition of CWE was conducted for PO/ MT posts on September 18 & in the month of December 2011 for clerical positions.
In Numbers
- 14,65,945 candidates registrations were received, of which 10,42,484 appeared for common PO test.
- Approximately 71% have turned up
- For clerks common exam, 43,14,315 applicants had registered & the exams arranged in 3 phases – November 27, December 4, 11 are nearing completion.
- since the tests are underway, the total attendance is not provided. Assuming it as 70%, over 30,00,000 candidates should have given the clerical CWE!
- IBPS has termed this response as overwhelming!
Based on the above statistics, it is clear that over 57 lakhs (clerk +po) have showed interest & registered for this all India common exam for banking jobs.
IBPS Common Exam Results
One of the main reason for devising a common test was the delay caused by banks in releasing the results.IBPS seem to serve the purpose as they say,
Results of PO common exam held in the month of September 2011 were announced in the 2nd week of December 2011 & 1.1 lakh candidates got qualified
That is, within 3 months you shall be able to know you scores.The move is definitely a massive improvement to shorten time-delay.
The clerk exam results can be expected to be out by February 2012.
Bank Jobs in 2012
If results are declared on time, we may witness some massive recruitments by banks for PO & clerk posts in the year 2012, as no new bank jobs were advertised since the start of IBPS CWE.Few estimates pin the vacancies to be around 1.5 lakh.
With just interview sessions to appear & no need to write separate exams – those looking for career in banks would greatly benefit from this latest development.
Also in the coming years, public sector banks can be expected to recruit in large numbers considering the ready availability of vast pool of candidates & minimal selection procedures to follow.