Differences Between the Indian Bank PO 2018 and the IBPS PO 2018

Understanding the nuances between the two major avenues for banking recruitment—Indian Bank PO (Probationary Officer) 2018 and IBPS (Institute of Banking Personnel Selection) PO 2018—is essential for any candidate looking to join the banking sector. Here, we will explore the differences and highlight the distinctive features of each program.

Overview of the Institutions Involved

Let's start with some background. The IBPS Institute of Banking Personnel (IBPS) is an organization comprised of 20 nationalized banks, with prior to 2022, the Bhartiya Mahila Bank being merged with the State Bank of India (SBI), thereby making it a part of the 21 banks. The remaining are:

Allahabad Bank Andhra Bank Bank of Baroda Bank of India Bank of Maharashtra 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 and Sind Bank Syndicate Bank UCO Bank Union Bank of India United Bank of India Vijaya Bank

Beyond the IBPS, individual banks also conduct their own recruitment processes. These processes are outlined in more detail below.

Recruitment Process and Exam Details

The recruitment process for Indian Bank PO 2018 involves a post-graduate diploma program known as PGDBF (Post Graduate Diploma in Banking and Finance). There are several key differences between the two recruitment processes:

Indian Bank PO 2018:

The examination is conducted by individual banks. If you are selected, you will need to undertake a PGDBF program. This program includes a one-year course, which comprises a 9-month classroom program and a 3-month internship. The course fees for the PGDBF program are around 4 lakhs (approximately $5,576 USD).

IBPS PO 2018:

The examination is conducted by IBPS, which is a common platform for almost all nationalized banks. There is no requirement for a PGDBF program; selected candidates are directly assigned to a PSB (Public Sector Bank). The process is more straightforward, involving clearing preliminaries, mains, and interviews, followed by immediate job placement. A total of 4102 vacancies were available for IBPS PO positions in 2018.

Compare and Contrast

Both the Indian Bank PO 2018 and IBPS PO 2018 ultimately aim to provide you with a job in the banking sector, although their methods and features differ significantly:

Indian Bank PO 2018:

Suitable for candidates who are keen on pursuing further studies and gaining practical experience. Puts emphasis on the theoretical as well as practical aspects of banking and finance. Enhances your resume through the acquisition of a PGDBF degree, which can be beneficial for future promotions and career growth.

IBPS PO 2018:

Designed for candidates who prefer a more direct route to employment. No additional courses or degrees are required, making the process simpler and quicker. The selects are offered direct job placement, which can provide a faster career start.

Conclusion and Advice

Ultimately, the choice between joining Indian Bank PO 2018 and IBPS PO 2018 depends on your career goals and preferences. While both avenues offer valuable opportunities, the PGDBF program in Indian Bank PO 2018 may provide additional career development and specialized training, whereas IBPS PO 2018 offers a quicker job placement. Consider your long-term career aspirations and make an informed decision.

Regardless of which path you choose, the goal is to secure a position in the banking sector. All the best to all candidates!