No Plan to Seize Scorecards, says IBPS Director [Exclusive]

IBPS, by implementing the common written exams has revolutionized the bank recruitment process, made selections more transparent than ever & shortened the time taken by banks to fill vacant posts.Just like every new initiative, questions continued to haunt many bank job aspirants who raised them through comments on our website, facebook page & emails.


To provide you with proper answers, we at BankExamsIndia.com recently fixed an appointment with the man behind the institute - Mr.M.Balachandran (Director, IBPS).

Apart from explaining the process in detail, he was also patient enough to clarify the doubts commonly asked by candidates that were compiled by us.

Extract from the interview are below,

Will the scorecards issued by IBPS be seized after joining a bank?
As of now, candidates are asked to execute a service bond after joining a bank for certain amount who agree not to quit the organization for few years.This is only to discourage candidates hopping from one place to another as it puts the entire recruitment process into jeopardy.

For example, somebody joining Indian bank & leaving after 6 months to join other bank upsets the whole planning process.Having the person recruited,trained & posted in a location, if that fellow suddenly leaves Indian bank – they will have to fill such vacancies through fresh recruitments.

So, I have no idea whether they will freeze the scorecards. If any bank plans to follow such a rule they would inform in advance & candidates can decide whether to join them or not.

Has IBPS devised any such procedure for seizure of cards?
IBPS does not have any role to play here.It will be a decision of individual banks & if they want to implement it, they would inform it upfront (in the notification)
 
What happens to the old scorecard if a person clears the next exam & gets a new one?
The main idea of conducting more than 1 exam in an year (two exams/ yr for PO & clerks) is to provide an opportunity for upgrading, if they feel the marks obtained are not good enough to compete with others.  

In the 2^nd exam, if a candidate scores less marks than the previous, he is free to quote the scores obtained in the previous exam to apply for bank jobs.

Within the validity of 1 year - whatever score a person feels is best, they can adopt it.The choice is left to the individual.There is no compulsion to use only the scorecard from the recent exam.

If candidates have 2 scorecards & both are within the 12 months validity period, they can use any of the both.
 
When shall we expect the clerk exam results to be released?
It may be announced by next week (anytime between Feb 24 – 29).Around 35 lakh candidates had appeared for the test & processing has reached the final stages.Once its complete, it shall be out.

What about the next IBPS PO exam?
We will be conducting the CWE for PO/ MT posts in the month of June 2012
 
- End of Part 1 -
 
Due to the presence of large content, we have divided this interaction & hence - Second part of this interview shall be published in the next few days, wherein the director answers about,

• Eligibility conditions fixed by banks & IBPS
• Scores & Cut-offs
• No. of vacancies etc.,