A total of 20 candidates have been rejected by banks for jobs due to low CIBIL or credit scores. Aspirants preparing for bank jobs are demanding that the government remove this condition for recruitment. Candidates from poor financial backgrounds may have low CIBIL scores. Moreover, no other job in India requires a good CIBIL score for employment. Even the most prestigious civil services jobs do not have any such requirement related to CIBIL or credit scores.
The government has shared data in the Rajya Sabha regarding candidates selected through IBPS whose job offers were cancelled or withdrawn due to CIBIL or credit history issues. This information was given in reply to Rajya Sabha Unstarred Question No. 2783, answered on 17 March 2026. According to the data, a total of 20 candidates faced cancellation or withdrawal of their appointments in public sector banks between FY 2023-24 and 28 February 2026.
Number of Candidates rejected Bank Wise
- Bank of Baroda – 2 candidates
- Bank of India – 0 candidates
- Bank of Maharashtra – 0 candidates
- Canara Bank – 0 candidates
- Central Bank of India – 2 candidates
- Indian Overseas Bank – 0 candidates
- Indian Bank – 0 candidates
- Punjab & Sind Bank – 0 candidates
- Punjab National Bank – 4 candidates
- State Bank of India – 11 candidates
- UCO Bank – 0 candidates
- Union Bank of India – 1 candidate
Key Highlights
- The highest number of cancellations was reported in State Bank of India (11 cases).
- Punjab National Bank reported 4 cases.
- Bank of Baroda and Central Bank of India reported 2 cases each.
- Most other banks reported zero cases.
What Aspirants Say?
The requirement of a CIBIL or credit score for bank jobs is not necessary and should be reconsidered. A person’s credit history does not accurately reflect their ability, honesty, or professional competence. Many candidates, especially those from poor financial backgrounds, may have low credit scores due to circumstances such as family responsibilities, medical expenses, or lack of financial awareness, not because of any wrongdoing.
Denying them employment on this basis is unfair and discriminatory. Moreover, no other major job in India, including prestigious civil services, imposes such a condition. Recruitment should be based on merit, knowledge, and integrity rather than personal financial history. Therefore, making CIBIL score a mandatory requirement for bank jobs is neither justified nor appropriate.
