This is an accepted version of this page The Institute of Banking Personnel Selection (IBPS) is a central recruitment agency operating under the ownership of the Ministry of Finance in the Government of India that was started with an aim to encourage the recruitment and placement of young undergraduates, postgraduates and doctorates at the rank of Group 'A' officer, Group 'B' officer, Group 'C' employee and Group 'D' employee in nationalised banks and regional rural banks in India.

And as a result, in 1984, following several years of operation, PSS underwent transformation and evolved into the Institute of Banking Personnel Selection (IBPS).

This transformation marked a significant step in streamlining and centralizing the recruitment process for various positions within the banking sector.

[1] IBPS currently functions as an autonomous body that is mainly engaged in conducting competitive exams for recruitment to clerical and officers' posts in the banking sector.

Earlier, candidates had to write multiple exams conducted by each bank for their vacancies.