Banking Exam

Banking Exams are considered to be one of the most competitive examinations in India, and you need a specialized service that will help you in your weakest areas by transforming them into your strong areas.

IICE – Indian Institute of Competitive Exams  is going to make that happen for you, and we are the ones that have the trained professionals that will give you the right kind of guidance you need.

Banking as a career provides a great challenge, it helps to develop analytical skills useful in a company’s strategies. It is one of the fastest rising sector which every individual wants to opt. It is not only meant for commerce or economics students but for all graduates with any educational background.

Probationary Officer:

  • The POs have a one or two years probation period during which they are given exposure to various important functions of the bank such as Loans & Advances, Foreign exchange, Credit Rating, Treasury, Risk Management, IT, Marketing etc.
  • The PO will report to their senior officer who will closely supervise and evaluate the performance for the certain time period.
  • It is extremely important to be in good performance during probation period as banks have right to terminate the employee if they feel one doesn’t fit for the position.

Assistant Managers

  • Multinational banks recruit fresh management graduates as Management Trainees and appoint them as Assistant Managers on confirmation.
  • The area of work may depend on the area of specialisation in MBA and can be corporate banking, merchant banking, forex management and retail banking etc.
  • Generally fresh Management graduates from leading B-Schools are considered for this position.

Clerks

  • The job of a clerk, in banking sector, is to deal with public, maintain the records of accounts for customers and banks, foreign exchange, in house/ intra branch transfer accounts etc.
  • With the introduction of Information Technology, the traditional working patterns have been replaced by IT networking and these clerks are required to be skilled in computer.
  • For this position, the candidate must have passed Xth with 60 per cent; 10+2 with 50 per cent and Graduates of any discipline in the age group of 18-26 years are eligible to appear in the Competitive Written Examination, followed by an Interview.

Every bank has its own selection criteria and exam pattern through which candidate is short listed. Lately IBPS has introduced a Common written Examination (CWE), which is now used by 21 public sector banks for their selection procedure. The pattern for CWE is as under.

Bank PO/Clerk

Name of Tests (Objective) No. of Questions (PO) No. of Questions (Clerk) Duration
Reasoning 50 40 Composite time of 2 hours
English Language 40 40
Quantitative Aptitude 50 40
General Awareness (ref.Banking) 40 40
Computer Knowledge 20 40
Total 200 200  

Penalty for Wrong Answers

  • For each question for which a wrong answer has been given by the candidate one fourth or 0.25 of the marks assigned to that question will be deducted as penalty to arrive at corrected score.
  • If the total of the penalty for a test is in fraction, the marks obtained will be rounded off to the nearest integer, i.e. if fraction exceeds by 0.50 or more, it will be rounded off to next higher integer.
  • If for any question a candidate gives more than one answer, it will be treated as wrong even if one of the given answers happens to be right and there will be the same penalty of 0.25 of the marks assigned to that question deducted as penalty.
  • If a question is left blank, i.e. no answer is given by the candidate; there will be no penalty for that question.