The Institute has completed its thirty-ninth year of existence.  The growth of the Institute over the period has been steady and progressive. Various financial and other performance parameters for FY 2022-23, is yet another occasion and source of quiet pride and satisfaction to all of us at IBPS.  The Institute undertook and successfully delivered 540 projects as against 478 last year, and reported significantly better financial performance over the previous fiscal. The Institute is also comfortably placed in terms of its accumulated reserves and surplus.

With significant changes taking place in HR domain in the country and globally, organisations are faced with various challenges and demands in manpower composition. It is a challenging time for conduct of high-stake assessments which meet the benchmarks of objectivity, fairness and validity. Successful implementation of projects has been possible at IBPS with collaborative efforts of core faculty, Technology and support services staff and our trusted delivery partners. IBPS is also continuously engaged in reviewing, fine-tuning and realigning its processes to the needs of time and achieve the set benchmarks. One such initiative has been launching of project – “Total digitization by leveraging technology.”

During the year, the Institute has strived hard to deliver with utmost professionalism and rigour all its mainline projects which includes assessments for recruitment, promotion, placement in BFSI/Non BFSI sector. The Government of Maharashtra (GoM) has empanelled IBPS as one of the two agencies for all the recruitments in Government Departments.  IBPS is also the founding member of National Recruitment Agency (NRA), a Govt. of India testing body for national level recruitment for Group B or below positions.

Along with online examinations, Group Dynamics assessments and simulation exercises were conducted by the Institute, for some positions in a few organizations, through online platforms as well as face-to-face mode.  The Institute conducted a programme on ‘Group Exercises as a Selection Tool’ at State Bank Institute of Leadership (SBIL) Kolkata to orient Senior Executives of the Bank identified for the role of Observer in Group Exercises for selection as Probationary Officers. This is the fifth year that IBPS has conducted the programme for State Bank of India.

Recruitment of both faculty and IT professionals was undertaken during the year in identified functions. Professional development activities such as deputation of senior functionaries and faculty to training programmes in Digital transformation, use of AI/ML tools, Human Resource Management, Managerial Excellence, etc. at top B-Schools.  Further, in-house dialogue on contemporary topics through ‘Colloquiums’ were undertaken at regular intervals during the year.  In-house publications, both research oriented and mainstream namely ‘Research Monograph’ ‘Suchayanika’ as well as Risk Management Newsletter ‘Sajag’ have been revived and instituted during the year.

During the year the Institute set up a state-of-the-art Examination Command Centre (ECC) at IBPS Office building at Mumbai. The ECC is a dedicated, technologically well-equipped control room for the monitoring of examinations at macro to micro level.  The facility provides live streaming of examination venues from any of the 250 locations pan India on a digital video wall.  The ECC adds value to the capability of monitoring examinations closely on real time basis by a dedicated team present at IBPS, to decide on issues if any, which may occur on the day of examination and communicate spot decisions as the need arises.  The facility would also help close observation/tracking of any malpractices and helps in effective remote invigilation of examination venues. Our technology service provider M/s. Tata Consultancy Services (TCS) have assisted IBPS in setting up the ECC which is third of its kind in the Country and first in Mumbai.

The Institute also continued to execute and bring to fruition some of the goals outlined in its “Aspirations 2025” vision document such as initiatives for implementation of automation in assessment, data analytics, and adopting global best practices in assessment.

The Institute was successful in renewing its recognition as a centre for Ph.D. Programme with Faculty of Management Studies affiliated to Shreemati Nathibai Damodar Thackersey Women’s University (SNDTWU). At present 11 Ph.D. scholars are allotted to IBPS.

The belief reposed in the Institute by the Central Government / State Governments, BFSI sector and other client organisations has been a source of encouragement. The unstinting support and able guidance by IBPS Governing Board has been a motivating factor as the Institute executes its functions and equips itself for the future. Their continued trust is validation of the Institute’s diligence in maintaining ‘IBPS Standards’ of quality in its services and processes. I would like to place on record my sincere thanks to all our stakeholders and client organisations. My compliments to ‘Team IBPS’ for fulfilling the expectations of clients and helping the Institute keep its flag high.

Thank you,

Place: Mumbai

Date: 31-12-2023



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