IBPS PO Bank Preference: The Institute of Banking Personnel Selection has invited candidates to apply for the post of Bank PO in various Public Sector Banks. A Bank PO Career is regarded as one of the most preferred choices by most bank exam aspirants. Before going deep into preparation mode, let us look at another important aspect – “How to Select a PSB for a Career as a Bank PO?”
Let us discuss in detail as it is a very important part of building a career in any sector of the Banking Industry.
IBPS PO Bank Preference 2016
There are a number of factors which every Bank PO Aspirant must refer to while thinking of long fulltime career with a PSB. But, when we talk about a broad perspective, IBPS PO Bank Preference can be based on the following factors.
- Date of Establishment
- Quarterly Profit Margin
- Employee Feedback
Let us discuss each metric in detail and decide which bank is the best choice for an ideal Bank PO Aspirant.
IBPS PO Bank Preference: Based on Location
Being a transferable job bank has a regular pattern of transferring in every 5 years. So, you have no option but one can optimise it. Every bank has maximum branches in the state where its HQ is located.
|Name of the Bank||Headquarters|
|Bank of Baroda||Vadodara|
|Bank of India||Mumbai|
|Bank of Maharashtra||Pune|
|Central Bank of India||Mumbai|
|Indian Overseas Bank||Chennai|
|Oriental Bank of Commerce||New Delhi|
|Punjab National Bank||New Delhi|
|Punjab & Sind Bank||New Delhi|
|Syndicate Bank||Manipal, Karnataka|
|Union Bank of India||Mumbai|
|United Bank of India||Kolkata|
Based on the location of Headquarters, it can be deduced that a particular bank will have more branches in the proximity of the HQ.
IBPS PO Bank Preference: Based on Profit Margin in First Quarter
The Financial Condition of a Bank plays an extremely vital role on the hiring trends and employment policies. A good, profitable quarter will definitely be a positive remark on the PSBs reputation while a negative quarter can harm its reputation.
|Name of the Bank||Profit in First Quarter|
|Allahabad Bank||(-) Rs. 581 Cr.|
|Andhra Bank||Rs. 51.60 Cr.|
|Bank of Baroda||(-) Rs. 3,342 Cr.|
|Bank of India||Rs. 1,263.81 Cr.|
|Bank of Maharashtra||Rs. 100.69 Cr.|
|Canara Bank||Rs. 229 Cr.|
|Central Bank of India||(-) Rs. 898.04 Cr.|
|Corporation Bank||(-) Rs. 511 Cr.|
|Dena Bank||(-) Rs. 326.38 Cr.|
|IDBI Bank||(-) Rs. 1,736 Cr.|
|Indian Bank||Rs. 84 Cr.|
|Indian Overseas Bank||Rs. 550 Cr.|
|Oriental Bank of Commerce||Rs. 21.62 Cr.|
|Punjab National Bank||(-) Rs. 5,367.14 Cr.|
|Punjab & Sind Bank||Rs. 98 Cr.|
|Syndicate Bank||(-) Rs. 2,158 Cr.|
|UCO Bank||(-) Rs. 1,715.16 Cr.|
|Union Bank of India||Rs. 1,352 Cr.|
|United Bank of India||(-) Rs. 413 Cr.|
|Vijaya Bank||Rs. 96.80 Cr.|
Refer to the table above and see what was the general trend on profit/ loss in the first quarter of Financial Year 2016-17.
IBPS PO Bank Preference: Based on Year of Establishment
The Older The Better, right? Apparently, a lot of Bank Aspirants do run with this notion that a an older bank has a better, deep rooted system and will offer more career growth opportunities.
|Name of the Bank||Year of Establishment|
|Bank of Baroda||1908|
|Bank of India||1906|
|Bank of Maharashtra||1935|
|Central Bank of India||1911|
|Indian Overseas Bank||1937|
|Oriental Bank of Commerce||1943|
|Punjab National Bank||1895|
|Punjab & Sind Bank||1908|
|Union Bank of India||1919|
|United Bank of India||1969|
Allahabad Bank stands tall as one of the oldest PSBs of the nation. But, we would recommend weighing in all the options.
IBPS PO Bank Preference: Based on Employee Feedback
Understanding the type of work life balance and general quality of life after joining a Bank is essential as an employee dedicates a major chunk of his/ her time daily at the workplace. In situations like this, Quora and Glassdoor can be really helpful in providing valuable insights about the Bank.
We hope this article provides you all the necessary information related to IBPS PO Bank Preference. Read about IBPS PO New Syllabus & Exam Pattern from the link below.
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