Mumbai, June 29: Anup Sankar Bhattacharya has taken over as the director of Institute of Banking Personnel Selection (IBPS) which conducts common written examinations (CWE) for bank recruitment. Anup Sankar Bhattacharya was the former Bank of Maharashtra chairman and will replace M Balachandran who is resigning today.
The importance of IBPS has grown in recent years after the abolition of Banking Services Recruitment Board (BSRB). It handled a whopping 15 million applications in 2011-12 while it boasts of having a capacity of testing one million candidates simultaneously across 200 centres in one session.
All nationalized banks have mandated this independent entity to hold the common written exams as the first step to get enrolled into government banks. IBPS conducts separate tests for State Bank of India and its associate banks.
An internal search committee comprising R Gandhi, executive director of Reserve Bank of India and Pratip Chaudhuri, the chairman of State Bank of India has selected Bhattacharya for three years over other retired government bank chairmen who took superannuation recently.
A.S Bhattacharya spent the first 37 years of his banking career at United Bank of India before joining Indian Bank as executive director in 2004. He joined Bank of Maharashtra in October 2010 for a 16-month stint.
A director at IBPS enjoys the remuneration and benefits similar to a government bank chairman. Bank of Baroda chairman and managing director MD Mallya is the chairman of its governing board.