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What type of organization, the Institute of Banking Personnel Selection (IBPS) is?


Date: 22 Jul 2016    Group: Career Guidance    Category: Finance and Banking Jobs   

What type of organization, the Institute of Banking Personal Selection (IBPS) is? Is it a Government organization or a private one? In case it is a private organization, then how it is ensured that quality control is maintained as even the PSU banks rely on the results made available by the IBPS?

What type of organization, the Institute of Banking Personnel Selection (IBPS) is?


Author: Venkiteswaran.    23 Jul 2016      Member Level: Diamond     Points : 4  (Rs 3)    Voting Score: 0

IBPS assists banks in recruiting the clerical and officer staff for banks by conducting recruitment process of test and interview,. It also assists banks in their p promotion tests.

IBPS is an autonomous body, registered under the terms of society and trust. It serves as a competent set up in handling the recruitment of suitable personnel for the banking sector. However Insurance companies, Central & other financial section organisations, Specialized Academic Institutions and even private organisations also use their services.
It is not a government organisation. It is an associate member of Indian Banks Association(IBA) and its governing board contains mostly members of IBA and Reserve Bank and Central Government officials connected to banking administration. There are professional and academic experts also in the IBPS as head of various divisions.

IBPS is not a product of sudden birth. It has evolved over many decades since 1969 when banks were nationalised and National Institute of Bank Management (NIBM) was formed. From 1978 there came Banking Service Recruitment Board(BSRB) which was seeing and co-ordinating recruitment of banking personnel. However, after BSRB "s dissolution banks felt the difficulty and in 1984 the Personnel Selection Service division, whose services banks were using was converted to IBPS.
Apartment from recruitment IBPS also renders assistance in internal promotion in banks by conducting the promotion tests, as per request by the banks.


Author: Taksha Singh    03 Aug 2016      Member Level: Bronze     Points : 2  (Rs 2)    Voting Score: 0

Hi,
A straight forward answer that IBPS is a private organization, which conducts exams for various nationalized banks & RRB banks in India.

IBPS Score is considered in many banks.There are 8 institutes where IBPS score is considered

1. Public Sector Banks- PSB
2. Private sector Banks
3. Regional Rural Banks- RRB
4. Central and Other Financial Institutions
5. Co-operative Banks
6. Insurance Companies
7. Other Public/ Private Sector Undertakings
8. Academic Institutes

I hope you got my point ,
There are various posts are considered & mainly is

1. IBPS PO
2. IBPS Clerk
3. IBPS SO
4. IBPS RRB

Still you have any doubt than you can ask .





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