The Institute of Banking Personnel Selection (IBPS) is a recruitment body that was started with an aim to encourage the recruitment and placement of young graduates in public sector banks in India, other than the State Bank of India. It also provides standardised systems for assessment and result processing services to organisations.
History
After nationalisation of banks in India in 1969, Indian banks needed to expand their branch network across the country so that they were more accessible to their customers. This required more staff but recruitment through methods such as advertising were unsatisfactory. Thus, the banks asked the National Institute of Bank Management (NIBM) to design a selection testing process through which they could hire proficient candidates. And as a result, a small unit named Personnel Selection Services (PSS) was established to handle these type of projects. A few years later, in 1984, PSS was converted into IBPS.
Governance
IBPS is governed by a board that includes nominees from government organisations 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.
Services
IBPS offers its services to banks in the public and private sectors, regional rural banks, and foreign banks. It also serves other financial institutions, including co-operative banks, insurance companies, academic institutions, and both private- and state-owned companies.
The services are:
- Project consultation: assistance in conducting examinations for recruitment and promotion
- Assessment centres that help organisations in identifying the knowledge and skills of applicants for the suitable positions
- Personality assessments using group exercises and interviews to identify the candidates’ higher cognitive skills
- Training programmes for senior staff to help develop their observational and interviewing skills
- Workshops for people who design their own question papers
- Lists of experts who can conduct interviews or group exercises effectively
