Furthermore, the expansion of the banking sector, with the opening of 25000 new bank branches all over India has led to the need of an additional 2.5 lakh personnel.
This increase in personnel requirement has seen along with it a change in the system of appointment to both levels clerical and officers.
The Indian banking association has initiated a common national level entrance test, the Common Written Examination (conducted by the institute of banking personnel selection IBPS) for 19 public sector banks.
This system of common examination has cut down the expenses for all the people applying for bank jobs, as a person once paid for the common exam can sit for bank interviews of any of the 19 banks on the basis of the scoreboard issued by IBPS, and has ensured that the process of employment would be quicker and hassle free for both the employer and the applicants.
