If you’re aiming for a job in the banking sector, aside from your academic performance and hard work, having a good Credit Information Bureau (CIBIL) score is now crucial.
The Institute of Banking Personnel Selection (IBPS), the main recruitment agency for banks, has introduced a new rule regarding credit history for job applicants.
According to the notification, candidates applying for positions in banks must make sure they have a “healthy credit history” and maintain a minimum CIBIL score of 650 or higher when they join.
This update highlights the importance of a good credit score not just for getting a job in banking but also for making it easier to get loans. Failing to achieve a satisfactory CIBIL score can significantly reduce your chances of landing a job in this sector. However, individuals can take proactive steps to improve a credit score that may not be ideal.
