The Banking Industry is recruiting in a big way. In the next few years, banks will have to recruit lakhs of candidates. IBPS (Institute of Banking Personnel Selection) conducts series of CWEs in a year - once for each of PO (General Banking Officer - GBO), Clerical, Specialist Officers for recruitment into the Public Sector Banks and Regional Rural Banks to cater to the need of the industry and also to the needs of job aspirants. This means that aspirants are clear about when they should apply, and can plan their preparation in an organised and effective manner.
The first ever CWE for PO/MT was held in September 2011, for Clerks it was held in November 2011,for Specialist Officers it was conducted in March 2011 and for RRBs in September 2012.

Participating Banks : Except for SBI, almost all the major Public Sector Banks are participating in the CWE. The 21 banks which are participating in the CWE are Allahabad Bank, Andhra Bank, Bank of Baroda, Bank of India, Bank of Maharashtra, Bharatiya Mahila Bank, Canara Bank, Central Bank of India, Corporation Bank, Dena Bank, IDBI Bank, Indian Bank, Indian Overseas Bank, Oriental Bank of Commerce, Punjab National Bank, Punjab & Sind Bank, Syndicate Bank, Union Bank of India, United Bank of India, UCO Bank and Vijaya Bank.
Some of the old private banks have also decided to use the IBPS CWE scores to recruit candidates for officers and clerks posts in their banks. These banks will now start considering the IBPS CWE scores to fill the PO / Clerks vacancies in their banks. Apart from these private banks, financial institutes like ECGC are also recruiting on the basis of IBPS scores.

Cutoffs : Cutoffs are applied in two stages for the written test (I) on standard scores in individual tests (II) on Total Weighted Standard Score

Common Interviews for Bank jobs : To put a check on multiple selections, IBPS has introduced a system of common interview. Candidates who qualify in IBPS CWE(PO & Clerical) will be called for a common interview to be coordinated by IBPS. Candidates,successful in qualifying both the CWE and common interview will be listed in order of merit. Order of preference for banks is obtained from the candidates at the time of applying for the exam. Based on the total marks (CWE + Common Interview) and the indication of order of preference of banks and available vacancies, candidates will receive through a computerised system an offer from one of the participating public sector banks. Vacancies remaining unfilled on account of candidates declining offer ,will be filled from among the remaining candidates,through subsequent iterations.

Important Note regarding Common Interviews : There will not be any common interviews for recruitment to RRBs, Each of the RRBs will announce the vacancies separately and the candidates need to apply for banks for which they are eligible as per the criteria announced by the Bank.

Score Card : Score card will be issued to candidates who secure minimum qualifying marks in each of the test area (sectional cutoffs) and also clear the over all cutoff as fixed by IBPS.

Validity of the Score card : Score Card issued by IBPS will be valid for one year from the date of issue of the score card. Candidates can appear in subsequent examination/s to enhance their scores.