The Lakshmi Vilas Bank is one of the promising public sector banks in India which have received a stature of its own through its competent banking and highly motivated services support. In the November 1926, The Lakshmi Vilas Bank was incorporated under the Indian Companies Act, 1913 and obtained the certificate to commence business in November 1926, The Bank obtained its license from RBI in June 1958 and in August 1958 it became a Scheduled Commercial Bank.
To meet up with the emerging challenges in the competitive environment, the bank has started expanding its boundaries beyond Tamil Nadu from 1974 by opening branches in the cities of Andhra Pradesh, Karnataka, Kerala, Maharashtra, Madhya Pradesh, Gujarat, West Bengal, Uttar Pradesh, Delhi and Pondicherry. Mechanization has started in the Head Office of the bank and at present they operate with 290 branches, 1 Satellite branch and 8 extension counters which are spread in 15 States and the Union territory of Pondicherry.
IBPS is an autonomous agency in India that conduct Common Written Examination (CWE) for the various post an some of them are specialized Officers, PO and Clerks in Indian banks. These positions include recruitment through Group discussion and interview round followed after CWE. The IBPS CWE is now mandatory for anyone who seeks an employment in 20 public sector and Regional Rural banks. After giving exam students are issued a score card which remains valid till next year. Various banks offer vacancies depending on cut off marks that are decided on the basis of Average of 1/4th standard deviation for General candidates and 3/4th standard deviation for Reserve category candidates. Candidates with proficiency in the local language of the State/UT are given preference.
To apply for specific vacancies the candidates have to fill the online application form that are made available to them over the official site of Lakshmi Vilas Bank. The mode of payment for the application form is available online only and no other mode is accepted. The requisite fee can be paid in form of cash deposit Challan at any of the branches of Lakshmi Vilas Bank.
The eligibility criteria include all the aspiring candidates to possess a degree in any discipline through a recognized university and a valid IBPS score in Common Written exam. The applicants must possess a minimum score in individual subjects along with minimum Total weighted standard score (TWSS) in order to get consideration in the selection process. The final selection of the candidate is based upon Total Weightage score that select the best candidates among the applied once.