IBPS Recruitment Vacancies: Latest Updates and Predictions

Every year, there is significant interest in the number of openings for various IBPS (Institute of Banking Personnel Selection) positions. This article aims to provide the latest updates and predictions based on various sources and expert opinions, helping aspirants to plan their career accordingly.

Previous Year and Current Trends

Last year, the total number of vacancies was around 9000, as reported by the IBPS (Institute of Banking Personnel Selection). However, due to the discontinuance of IBPS for certain banking posts, a reduction in the number of vacancies is expected in 2023. Experts predict that the number of openings will decrease further due to the Prompt Corrective Action (PCA) taken by the Reserve Bank of India (RBI) against 6 banks.

Rumors often circulate about the number of IBPS openings, especially before the announcement. For instance, it was rumored that the number of openings in 2017 would be 3247. However, the IBPS clarified that this information was not official. Based on expert predictions and the current banking sector trends, the number of vacancies is likely to be significantly lower than previous years.

Expected Vacancies for 2023

As of now, no official notice has been released by the IBPS concerning the vacancies for the coming examination cycle. However, according to several sources and expert predictions, the expected number of vacancies for the various positions are as follows:

IBPS PO (Probationary Officer): Approximately 8000 IBPS Clerk: Approximately 20000 IBPS SO (Specialist Officer): Approximately 4000

These figures are based on the expert opinions and are subject to change pending the official announcement from IBPS. The actual number of vacancies can vary, depending on the requirements of each bank and the specific needs for expansion in various regions.

Factors Influencing the Number of Vacancies

The number of vacancies is decided by each bank considering the following factors:

Staff Replacement: Banks need to replace retired or soon-to-retire employees, as there is a significant number of retirements in public sector banks (PSBs) until 2020. Expansion and Growth: Banks are expanding their branches to meet the financial inclusion mandate of the government and grow their business. Regulatory Changes: The Prompt Corrective Action (PCA) taken by the RBI against 6 banks has led to a reduction in the number of openings.

Given these factors, it is reasonable to expect that there will be a steady number of vacancies in the IBPS recruitment process for the next 3–4 years, at least at the current levels.

Official Announcements and Timeline

As of the publication of this article, no official notice has been released by the IBPS regarding the vacancies for the current recruitment cycle. The IBPS usually publishes the notifications for IBPS Clerk, IBPS PO, IBPS RRB, and IBPS SO in the months of November and December.

The latest update states that IBPS has already cleared the recruitment of 16,344 officers, 3,784 specialist officers, and 30,683 clerks in state-run banks for this financial year. However, for the upcoming cycle, the actual number of vacancies will be determined by the future notifications and the specific needs of each bank.

For the most accurate and up-to-date information, it is recommended to visit the official IBPS website regularly or follow their official social media channels.

Conclusion

The number of IBPS vacancies is a crucial piece of information for candidates aspiring to work in public sector banks. While it is important to plan accordingly, candidates should also keep in mind that official notifications are the ultimate source of accurate and reliable information. Regular monitoring of official IBPS channels is advised to stay informed about any changes in the recruitment process and the number of openings.