Common Exams for All Banks from 2011

Bank exams in 2011 would not be same, as public banks have decided on a common test to fillvacancies.Although such an arrangement was in the talks, a consensus has been reached now among the organizations.This common test is expected to minimize the hassles involved in bank recruitments.
Test Process: The common entrance test would be conducted, by the Institute of Banking Personnel Selection (IBPS) at all-India level.Successful candidates will be given a scorecard with a validity of 1 or 1½ yrs.Within this period, they can apply for bank job notifications & appear for Interview.The candidate has to take the test again, after the validity expires.The test is likely to happen atleast 3 – 4 times a year.
By this method, banks are expecting to complete the recruitment process in 4 months time compared to one year now(sometimes higher), as candidates would be available on demand.
SBI stays away: While explaining the above details – Dr K.Ramakrishnan,Chief Executive,Indian Bank`s Association also mentioned that 20 public sector banks have agreed on this common test proposal except State Bank of India (SBI) & its five associate banks as they have separate selection process.
Nearly 50% employees of public sector banks would retire within the next ten years, says a recent survey.Inorder to fill this void gradually, the proposed All-India common test for bank jobs is very much required especially when 80000 bank jobs are to be created in the next 3 years!
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