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Why a common entrance test for banks?
If someone is interested in working in financial sector or looking for a job in this area then banking job will be the most suitable one. The professionals who are qualified in this area can find in the right opportunities in the banking sector. Banking jobs are in great demand in the country. The individuals who are interested in this area of business can find in numerous opportunities which match their skills and experience on the one hand.
Banking industry for jobs are emerging where in more people is interested towards getting into this area work. The individuals who are likely to take bank job as a profession in the country are increasing on a large scale. When we observe the banking industry on a whole, the significant aspect being that this as an industry will be serving the customers as per their financial needs but also help the growth of the economy on a whole. Banking is a lucrative career option for many people which are based on the concept of financial rewards.
Nowadays, banking is regarded as one of the most sought after career option among all sections of people. An interesting factor being that nowadays banking jobs are opted by people who are not only in the financial sector but also in any other domain. That is the advantage of this job. Various new technological advancements have come about in this field of banking which had broadened the scope of jobs in this industry. The banking industry is facing in lot of challenges due to the increased opportunities. The public sector banks have started following the path of the private banks in their bringing change in their way of activities. As part of this initiative these banks have started looking for highly qualified professionals for working. Hence these candidates have carefully be scrutinized and selected finally after evaluating certain requirements and their feasibility.
Banking industry for jobs are emerging where in more people is interested towards getting into this area work. The individuals who are likely to take bank job as a profession in the country are increasing on a large scale. When we observe the banking industry on a whole, the significant aspect being that this as an industry will be serving the customers as per their financial needs but also help the growth of the economy on a whole. Banking is a lucrative career option for many people which are based on the concept of financial rewards.
Nowadays, banking is regarded as one of the most sought after career option among all sections of people. An interesting factor being that nowadays banking jobs are opted by people who are not only in the financial sector but also in any other domain. That is the advantage of this job. Various new technological advancements have come about in this field of banking which had broadened the scope of jobs in this industry. The banking industry is facing in lot of challenges due to the increased opportunities. The public sector banks have started following the path of the private banks in their bringing change in their way of activities. As part of this initiative these banks have started looking for highly qualified professionals for working. Hence these candidates have carefully be scrutinized and selected finally after evaluating certain requirements and their feasibility.
what about the CET? are there any
Good News- CET for Banks!
It’s absolutely good news for those people who wish to make their career in the area of business. An effort has been made to standardize the recruitment process in the banking industry. As a part f this initiative, Common Entrance Test (CET) has been introduced. The candidate who wishes to build their career in the banking industry can do that by attending a Common Entrance Test (CET) in this area. This test is conducted by The Institute of Banking Personnel Selection (IBPS) on behalf of the Public sector banks. This exam is mainly conducted for the purpose of recruitment in to various posts in to the public sector banks.
The posts for which the recruitments are done is for the clerical Posts, Probationary Officers, Specialist officers, Management trainees post etc. Nearly 20 public sector banks join in this concept of Common Entrance examination. The state bank of India along with the subsidiary banks will conduct the separate recruitment process for the recruitment in these banks.
The general recruitment procedures which was and still now followed by the public sector banks used to take a long time frame of around 1 year for ending the recruitment process. The whole process will begin from the notifications regarding the vacancies which are available in the banks.
The candidates have to apply in for the vacancies and on the basis of the applications; they have to attend the written examination conducted by the concerned banks in general. The publication of the results also will take time of around 1 month after which only the actual process of recruitment that is the Personal interview will take place. Hence the whole process will involve so much of time where a gap will occur after every process of written test, then interview then finally awaiting for the results. This process in a way will create more mental tension to the candidates on a whole.
The candidates who attend the CET for banks will be provided score cards after the declaration of results by the IBPS. This scorecard is valid for a period of one year after the expiry of which it necessitates the candidate to again apply for the Common Entrance Test. The time factor is an important advantage in such a method of Common Entrance test where in the candidates do not have to appear again for the whole recruitment process of banks again and again.
The candidate have to just apply or respond for the individual vacancies that come across in these 20 public sector banks and apply for the Personal interview if short listed. The whole process is being very simple for the candidates. This is undoubtedly a blessing for the public sector banks as they are free from the burden of conducting the various bank exams and result declaration etc associated with it.
Since, the number of candidates willing to make a career in the banking industry will benefit from the CET which is to be held. The banking industry is flourishing and it’s necessary for the banks to introduce new methods which will attract more individuals in t this sector. The banks are in constant search for new talents who are professionally skilled and capable of performing work in an efficient manner. Hence for achieving such an objective, this is one of the early steps which have been introduced in.