Anna, let me straight away answer you:
IBPS (Institute of banking personnel selection) conducts common written examinations (CWE) for Clerk, PO, Specialist officer positions in public sector banks.
The process of getting a job in any one of the 19 public sector banks goes like this:
Wait for IBPS to announce the CWE & apply for it based on eligibility conditions
Appear for an online written test
IBPS announces result in a month`s time & all qualifiers are asked to come for a common interview
Attend interview on the given date
After 1 month, combined result of test + interview is released
IBPS also uploads list of vacancies for that year, which are sent by banks to them
Candidates qualified in interview will have to register their order of preference among the 19 banks (something like ranking which bank would you want to join first, 2nd, 3rd, 4th etc.,)
IBPS prepares a merit list as per the scores of all qualified individuals & allots them to banks according to their preference.
The bank to which you were allotted will send you an email mentioning about the appointment in their organization & joining dates.
Not all interview qualified candidates will get allotments.Lets say there are 19000 vacancies in all banks & 40000 people have successfully qualified in test & interview by scoring the necessary cutoff marks.
Only the top 19000 people would get offer of appointment
If some from this 19000 dont join a bank & the bank wishes to fill those vacant posts immediately, they would inform IBPS about the vacancy.IBPS shall compile this information from all banks & release the 2nd list.If 1000 posts were left unfilled, the 2nd list shall contain names of those next 1000 in that merit list.
Remember, if you dont accept the allotment in any bank , you will have to write the exam only next year.You wont be able to enter the merit list once you choose to reject the appointment offer made to you once.
Educational qualifications: (you can also see eligibility for various bank exams)
* for IBPS Clerk exam: Pass in degree
* For IBPS PO exam: Pass in degree
Low percentage in degree doesnt have any relation to your selection for bank jobs.It is only an eligibility criteria to appear for the common bank exams.The selection & allotment purely depends on the IBPS test scores & performance in the interview.
So if you are very serious of cracking the IBPS banking exams, start preparing from now on.