Original sentence: In 2012, IBPS announced that the participating banks would no longer conduct separate interviews for successful candidates after the CWE.Instead, IBPS itself will arrange a common interview (CI)  for them at different locations and will prepare a final merit list which will be used to recruit them directly to the banking positions reported during the validity of their score card
Edited sentence: In 2012, IBPS announced that the participating banks would no longer conduct separate interviews for successful candidates those who have appeared in the CWE.Instead of that, IBPS itself will arrange a common interview (CI)  for them at different locations and will prepare a final merit list which will be used to recruit them directly to the banking positions reported during the validity of their score card.That simply means that IBPS now reserves the complete control over recruiting and placing professionals to almost all public sector banks in India.this is correct in case of 2014-15 clerical exam also