IBPS Full Form | What Does IBPS Stands For?

IBPS:  Institute of Banking Personnel Selection

IBPS Full Form

IBPS full form stands for Institute of Banking Personnel Selection. It is a recruitment agency launched in India to encourage the recruitment and recruitment of young graduates in public sector banks. It also provides organizations with a standard system for testing and results processing services.

IBPS Full Form

IBPS is headed by a Governing Board. It accepts online exam applications on its website and this exam is taken in many places across the country. It aims to develop and implement world-class processes and systems for customer organizations to evaluate and select personnel in an impartial manner.

Brief History

  • After the nationalization of banks in India in 1969, Indian banks needed to expand their branch network across the country to make it more accessible to their customers. It required more staff, but recruitment through advertising was unsatisfactory.
  • The banks have asked the National Institute of Bank Management (NIBM) to design a selection testing process through which they can recruit skilled candidates. And as a result, a small unit called the Personnel Selection Service (PSS) was set up to handle such projects. A few years later, in 1984, PSS was changed to IBPS.
  • Previously, candidates had to write several exams through each bank for their posts. Now IBPSC conducts four different recruitment processes for CRPPPO / MT, CRPRRB, CRP Molvi, CRP Specialist Officers under which every year Various examinations are conducted for recruitment.

What Is The Full Form Of IBPS?

IBPS full form stands for Institute of Banking Personnel Selection. It was established by the Reserve Bank of India, Central Financial Institutions, and Public Sector Banks. IBPS conducts competitive examinations for the recruitment of scholars and officers mainly in the banking sector.

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