85000 Bank Jobs in 3 years & Common Exam: Govt

This could be good news to those eyeing for banking jobs in India as plans of recruiting 85000 banking staff over the next 3 years, has been announced.This forecast was shared by the Finance ministry in an event held recently.

Recruitments in public sector banks have been in the rise for past few years, owing to the number of retirements & opening of new branches.It seems that this trend is expected to continue for the next 3 years.

At the Economic Editors' Conference, Govt.of India made a mention about the need of public sector banks to recruit 51000 clerks & 34000 officers between 2010-2013 

More banking jobs: Many of our readers have been asking a question -
“Will huge recruitments currently happening in banks continue next year ”.

Now, with the government informing about 85000 bank jobs in the next 3 years, your doubts should have been answered now.

Common Test: Another notable announcement from the government is its decision to conduct common written exam (CWE) for vacancies in public banks through Institute of Banking Personnel Selection (IBPS).If introduced, candidates will not have to prepare & appear for exams notified by each bank separately.

Currently, all public sector banks are currently utilizing the services of IBPS for organizing & conducting their recruitment tests.

About the CWE,

• The tests would be held twice a year for the posts of clerk & PO only
• Scorecards shall be given, similar to GATE, CAT exams.
• Based on the score, you have to apply for Interview in recruiting banks
• The scorecard will be valid for 1 year, after which the exam has to be taken again.

With this proposed change, bank job aspirants need not spend money on application fees registering for each recruitment.

Most importantly, the time taken in selection & appointment would come down drastically benefitting the banks & applicants.