IBPS PO Vacancies Reduced in 2020: Factors and Future Outlook

Why do you want to prepare for the IBPS PO exam if you're worried about the reduced number of vacancies? The truth is, the number of vacancies for any bank job, including the IBPS PO, can fluctuate. This year's reduction doesn't necessarily mean a drop in opportunities for you. Let's delve into the reasons behind this trend and what it might mean for potential applicants.

Reasons for Reduced Vacancies

Each year, the number of vacancies mentioned in the IBPS PO notification goes up by at least 100 during allocation. This is primarily because some participating banks might not have fully disclosed their vacancies at the time of the initial notification. The rapid growth of banking in the post-nationalization period (1970–80) led to an expansion and the recruitment of more staff for new branches. However, after 2012, there has been a steady decrease because most banks have already met their staffing thresholds. New branches still require employees, but in much smaller numbers.

Merger of Banks

The primary reason for the reduced vacancies is the ongoing bank mergers. When banks merge, their combined resources and staff complement often lead to a reduction in the number of new positions needed. Additionally, many banks have not fully disclosed their vacancies until the final stage of the recruitment process. Therefore, the vacancy numbers might rise after these banks report their actual counts.

Impact of the Pandemic

The coronavirus pandemic significantly impacted the job market, including the banking sector. Banks are operating with reduced capacity and focusing primarily on essential services. This has slowed down the recruitment process, leading to fewer announced vacancies. Banks such as Canara Bank, Punjab National Bank, and Union Bank of India, which have reported fewer vacancies, are among the larger institutions affected by these reductions. It is anticipated that once these banks submit their final numbers, the total vacancies could rise by at least 2 to 3 times.

Estimation and Future Prospects

My estimation is that the total number of final IBPS PO vacancies could range between 3000 to 3500. This is based on the disclosure of vacancies from the 5 banks that have not yet reported, including Canara Bank, Punjab National Bank, and Union Bank of India. Additionally, 3 banks have reported 0 posts, leading to an expected total of approximately 3 to 3.5 thousand vacancies. While these numbers are significant reductions from previous years, the important thing to remember is that the banking sector is still growing, and the profession remains highly valued.

Preparation Tips for Aspirants

If you are an aspiring candidate, don't worry about the reduced vacancies. Focus on your preparation. Dedicate yourself to rigorous study, spending about 6 months to a year preparing for the exam. The IBPS PO post is within your reach. The job market may have its ups and downs, but with hard work and dedication, you can still achieve your goals.

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