New Banking Exams Pattern and Impacts

Apr 4
07:49

2012

Anuj Shishodia

Anuj Shishodia

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Another class of competitive exams that has came up in last few years Bank exams. This is due to the fact that Public sector banks and Region Rural Banks are getting so many people retired from services so that they need young and capable people to join in to fill up the generated vacancies.

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In the Recent Past,New Banking Exams Pattern and Impacts Articles There has been an exponential rise in interest towards government sector jobs among the young people of the country. The main reason behind this rise is the extent of security and satisfaction that these jobs offer. Especially in times like these when jobs in private sector seems to be facing turmoil and uncertainly of future, government jobs are attracting people like never before.

There used to be a few eternal competitive exams for ages that are making people competing owing to the rewards that they offer after getting through them. One of such exams is the Indian Civil Service examination (Also called IAS Exam). This is said to be the most competitive exam of the country and rightly so, if we look at why they are conducted – To recruit Indian Prestigious Civil Services officers.

Another class of competitive exams that has came up in last few years Bank exams. This is due to the fact that Public sector banks and Region Rural Banks are getting  so many people retired from services so that they need young and capable people to join in to fill up the generated vacancies. The trend is on for last 3 Years and is expected to last for at least next 5 Years.

Looking at the challenges and large number of applications being filed for vacancies arising in any of the banks, government decided to form a Common written Exam (CWE) system that will centralize the written phases of recruitment into all main PSU banks into one exam and scores of which will act as qualifying criteria for attending interviews of all Clerical/PO/Specialist Officers posts in any of participating PSU Banks.

This responsibility has been given to IBPS (Institute of Banking Personnel Selection). Impacts of this new scheme are already under review and initial results stat that those who score Good marks in this Common written exam (CWE) get many chances for getting Interview calls from Banks and they may eventually end up getting a job in any of these prestigious organizations.

There have been some open questions about this new system but at the end of the day, “Hard work pays” formula seems to be fit here also. So it’s good time to prepare well and get a dream Job.