Cancellation of allotments made by IBPS, for the IBPS PO 2 qualified candidates, has proved to be a setback and a sad news for all qualified candidates. Not only, it has impacted current qualified candidates, but also has created confusion and suspicion in the minds of aspiring candidates, who were planning to appear for IBPS exams in coming month.
Not-withstanding this allotment goof-up, we would like to clarify few point here -
1. Capability of IBPS: There are discussions all around in various Public Forums, whether IBPS is capable to hold exams on such a huge scale. We would like to assure you that IBPS has all capabilities and efficiency to deliver faster recruitment solutions for PSU banks. It has just happened that as the process is evolving (for common recruitment of Banks), things have been deleyed many times due to lack of clarity on common recruitment process. We also understand, for each new issue, at the hand of IBPS, it has to take the consent of all participating banks and also the government, to resolve such issues. And obviously, it takes time to go though such cycles.
We should also consider that IBPS is conducting exams for these PSU banks, individually, for many years now and nobody has ever raised question on the capability of IBPS regarding the individual exams.
As more clarity is coming into common recruitment process, IBPS is getting efficient day by day. CWE Clerk 2 is an apt example of the same. IBPS was able to declare the result within 10 days of the completion of written exam process and common interview are also starting from tomorrow for the same (with in two and half month of the written exam). They also have a clear cut timeline for each phase of the recruitment process.
2. Cancellation is due to Individual Bank Percentage Criteria Implementation: Lot of people are discussing that allotment cancellation is due to individual bank percentage criteria which was not implemented during last allocations process. There is no truth in that. IBPS has already clarified that there will be no filter criteria on the part of individual banks. It is a common recruitment process (IBPS PO 2) and all banks will abide by the eligibility criteria mentioned in CWE PO 2 Notification, which says - "A degree in any discipline from a recognized University or any equivalent qualification recognized as such by the Central Government." So, be assured that, banks will not implement individual educations qualification at any stage.
3. Why Allotment Cancellation: As per our information and sources, allotment cancellation has been done due to technical problems in the allotment process. Allotment of banks was an automated process - done using a software algorithm - on the basis of merit-cum-preference basis. A flaw in the algorithm of this software resulted in wrong allocations for some candidates.
4. Will the allocations change now: Yes, banks allocated to some of the candidates will change. But, as per our analysis, it should remain same for most of the candidates. Some of the candidate, who are border line cases and have been allocated banks, may lose allotment. Such candidates should be mentally prepared for this. Although, we feel such candidates, who are not allocated a banks in new allotment should not be that disappointed, as these candidates will effectively go into waiting list, and whenever IBPS conducts next iteration for the allotment (of the basis of fresh vacancies in PSU Banks), these candidates will be the first one to get a bank.
In fact, there will be many candidates who will not finally join after allotment, as they might have already joined a bank or other organization or might have gone ahead with higher education. In such cases, wait-listed candidates will be called and they might get a bank of their choice.
6. When will the new allocations declared: The new Bank Allocation for IBPS 2 qualified candidates should be out by Monday. Although, IBPS is trying to finish it as early as today or tomorrow.
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