As expected the Allotment process of IBPS is being cancelled provisionally and new merit list will be declared soon for all the successful candidates. There was not the exact reason for the cancellation process said by IBPS but it is believed that the allotment was cancelled due to process followed by the IBPS for allotment of the candidates’s preferences of banks.
It is believed that the controversy was started when the low ranker got the preferences against the better rank holder in getting Job with Bank of Baroda. This was all due to the process followed by the IBPS as mentioned at Rajmanglam.com Here.
Now If the IBPS comes with new process than there are chances that many of candidates who get the better bank against their rank would get the lower preferences with change in existing registration of Bank.