19 Banks Participate in First Common Entrance Exam

Hyderabad, India (PressExposure) July 07, 2011 -- Banking sector in India is poised for a high trajectory growth with prospects for a bright career to thousands of new entrants. A unique opportunity for aspirants for a career in 19 Public Sector Banks through a Single Common Examination. The Institute of Banking Personal Selection (IBPS) has notified the CWE on behalf of the participating banks on Wednesday, 06th July 2011.

Except State Bank of India (SBI), almost all other major banks have come together for conducting the exam. SBI has its own set up for recruitment which is also being handled by IBPS. A score in the IBPS exam is now mandatory for selection of Probationary Officers / Management Trainees posts, says the IBPS notification hosted on its portal.

When contacted, Mr M. Balachandran, Head of IBPS, told that the score of a candidate would be valid for one year from the date of examination to be considered for appointment. The examination would be conducted once in six months to cater to the needs of job-aspirants. It would consist of 5 papers (in reasoning, quantitative aptitude, and so on) for 250 marks, besides a descriptive test in English.

Successful candidates in the CWE will be issued scorecards and may apply to any of the participating banks they wish to by quoting their personal details and their CWE scores, subject to meeting with eligibility criteria as and when individual banks call for applications. "We are expecting that over 10 lakh people will appear for the first exam in September," the IBPS Chief said.

From a candidate's perspective, CWE would be beneficial as they can apply for jobs in banks [http://www.bankjobsguide.com] without taking individual exams.

"Upon notification from a particular bank, one can directly apply and face interview/personality test directly," Mr Balachandran said.

An IBPS study had shown that on an average a bank job aspirant takes four to five tests in a year which can now be avoided. The notification of latest bank jobs [http://www.bankjobsguide.com/latest-bank-jobs/] by individual banks would be done separately by them and they could be benefited by the availability of a ready-pool of qualified, tested candidates to hire.

"The recruitment time for a bank can now come down from 6-8 months to 2-3 months due to the new system," he added. Those who wish to take CWE should register online from 09th July onwards and before August 01st.

IBPS would also start a similar process for clerical posts as well.

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IBPS, an autonomous body registered under Societies Registration Act 1860 and a Public Trust under Bombay Public Trust Act 1950.

Press Release Source: http://PressExposure.com/PR/NetGlobal.html

Press Release Submitted On: July 07, 2011 at 4:35 am
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