Definition
IBPS stands for Institute of Banking Personnel Selection. It is an autonomous agency in India responsible for conducting recruitment processes for the hiring of employees in the banking sector. IBPS conducts online examinations for various posts like clerical, probationary officer, and specialist officer in different participating national banks.
Key Takeaways
- IBPS stands for Institute of Banking Personnel Selection, an autonomous agency in India responsible for conducting competitive exams for recruitment into banking sector.
- IBPS conducts several exams including those for the recruitment of Probationary Officers (PO), Clerical Cadre, and Regional Rural Banks (RRBs) positions in many Public Sector Banks in India.
- IBPS not only assesses and selects eligible candidates for various banking positions, but also provides standardized systems for assessment and results processing services to organizations.
Importance
The full form of IBPS, which stands for Institute of Banking Personnel Selection, is crucial in finance, particularly in the banking sector in India.
The IBPS is a prestigious institution that conducts exams on a national level to recruit eligible candidates for multiple posts in Indian public sector banks.
It’s responsible for selection processes for recruiting candidates for positions like Clerk, Probationary Officer, Specialist Officer, and Management Trainee, among others.
Therefore, the term’s significance lies in its potential role in shaping an individual’s career in the banking sector.
The thorough understanding and successful cracking of this examination can lead to secure, respectable positions in numerous government banks across the country.
Explanation
The full form of IBPS is ‘Institute of Banking Personnel Selection’, an autonomous body in India which is established to evaluate and select personnel for different client organizations. IBPS conducts examinations across the country at various locations to assess and scrutinize candidates who aspire to achieve jobs in the public sector and regional rural banks.
The exams are of several types, each specific to certain roles like Probationary Officer, Clerk, Specialist Officer, etc. The primary purpose of IBPS is to ensure a systematic, unbiased, and objective selection process for the banking industry.
It aids in finding eligible candidates worthy of handling various roles and responsibilities in banking institutions. It simplifies the recruitment process for organizations by conducting a single exam, followed by interviews, to fill multiple vacancies across different organizations.
Moreover, it provides a fair chance for candidates from different backgrounds to compete for these posts. Hence, IBPS plays a critical role in sourcing and enlisting proficient banking personnel.
Examples of Full Form of IBPS
IBPS stands for “Institute of Banking Personnel Selection”. It is a recruitment body in India 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.Here are three real-world examples revolving around the “full form of IBPS”:
Job Application: A young graduate in India is keen to work in the banking sector. They come across a job advertisement for the post of Probationary Officer via an IBPS exam. They need to pass this exam monitored by the Institute of Banking Personnel Selection (IBPS) to be eligible for the job.
Recruitment Drive: The State Bank of India announces a recruitment drive for various posts. However, candidates won’t be shortlisted through the IBPS examination process, as SBI has its own recruitment process separate from the Institute of Banking Personnel Selection (IBPS).
Exam Preparation: A candidate is preparing for their IBPS exam. They know that this test, created by the Institute of Banking Personnel Selection (IBPS), is critical for securing a job in public sector banks in India (excluding the State Bank of India). They spend several months studying and preparing for the exam to increase their chances of hiring.
FAQs on Full Form of IBPS
What is the full form of IBPS?
The full form of IBPS is Institute of Banking Personnel Selection.
What is the role of IBPS?
IBPS is an autonomous body in India which conducts competitive exams for recruitment in various banks across the country.
Which banks does IBPS recruit for?
IBPS conducts exams for recruitment in public sector banks in India, save for the State Bank of India.
What types of positions does IBPS recruit for?
IBPS conducts exams for the positions of Probationary Officer, Clerk, Specialist Officer, and also for various managerial positions.
What is IBPS SO?
IBPS SO stands for Institute of Banking Personnel Selection Specialist Officer. This exam is conducted to recruit Specialist Officers in various public sector banks in India.
What is the application process for IBPS exams?
The application for IBPS exams can be submitted online on the official website of the Institute of Banking Personnel Selection. Applicants need to register, pay the application fee, and fill and submit the application form.
Related Entrepreneurship Terms
- PO: Probationary Officer
- CWE: Common Written Examination
- RRB: Regional Rural Bank
- PWD: Persons With Disabilities
- CRP: Common Recruitment Process
