Common Entrance Test for banking is soon to be introduced by public sector banks (PSBs).

The recommendations of AK Khandelwal Committee have been accepted by the government and the Indian Banks’ Association (IBA) for conducting a common entrance program for public sector banks.

The test would be conducted by the Institute of Banking Personnel Selection (IBPS).

“Taking note of the fact that many PSBs are already utilising the services of IBPS for recruitment of clerks and officers, the government has decided to entrust IBPS the responsibility to conduct the Common Recruitment Examination for the PSBs,” the finance ministry said.

The huge problem being faced by PSBs in hiring fresh and new talent has triggered the idea for a common entrance test. The test would also reduce recruitment cost and also save time.