# JAIIB Syllabus 2025 Subject Wise and in Bullet Points
The **JAIIB (Junior Associate of the Indian Institute of Bankers)** exam 2025 consists of **four mandatory papers**, conducted by the Indian Institute of Banking & Finance (IIBF) twice a year[1][2][3]. Each paper has **100 MCQ questions worth 100 marks** to be completed in **2 hours** with **no negative marking**[1][2][4].
## Exam Pattern Overview
| Paper | Subject | Questions | Marks | Duration |
|-------|---------|-----------|--------|----------|
| Paper 1 | Indian Economy & Indian Financial System | 100 | 100 | 2 hours |
| Paper 2 | Principles & Practices of Banking | 100 | 100 | 2 hours |
| Paper 3 | Accounting & Financial Management for Bankers | 100 | 100 | 2 hours |
| Paper 4 | Retail Banking & Wealth Management | 100 | 100 | 2 hours |
**Passing Criteria:** Minimum **50 marks out of 100** in each paper, or **45 marks in each subject with 50% aggregate** in all subjects[5][3].
## Paper 1: Indian Economy & Indian Financial System (IE&IFS)
### Module A: Indian Economic Architecture
- **An Overview of Indian Economy**
- Evolution of Indian Economy
- Basic Characteristics of Indian Economy
- Indian Economy in Pre-British period
- Economy till 2008 & after 2008
- Structural changes in Indian Economy[5][6]
- **Economic Planning in India & NITI Aayog**
- Definition of Economic Planning
- History of Economic Planning
- Objectives of Economic Planning
- Types of Planning
- Achievements of Planning
- Financial resources for 5-year plans[7][6]
- **Sectors of the Indian Economy**
- Role & Importance of Primary, Secondary, Tertiary Sector
- Quaternary & Quinary Sectors
- Different Revolutions in Primary sector
- GDP contribution of different sectors
- Agriculture, Industry, Services
- Employment growth rate in Secondary sector
- Sunrise Sector of Indian Economy
- Organised and Unorganised sectors[5][6]
- **Role of Priority Sector and MSME in the Indian Economy**
- Definition & Role of Priority Sector
- List of Priority Sectors identified in India
- Priority Sector Lending Norms
- Definition of MSME
- Role & Significance of MSME in economic development
- Contribution of MSME in GDP
- Recent Initiatives in MSME sector (Atmanirbhar Bharat, Make in India, Start-up India, Stand-up India)[7][5]
- **Infrastructure including Social Infrastructure**
- Infrastructure & Economic Development
- Energy, Power, Transport system (Rail, Road, Civil Aviation)
- Concept of Social Sector & Social Infrastructure
- Health, Education, Family welfare
- Development of Health Infrastructure[5][6]
- **Globalisation – Impact on India**
- Globalisation and its Advocacy
- Globalisation and its Impact on India
- Fair Globalisation & Need for Policy framework
- Globalisation in reverse gear[5][6]
- **Economic Reforms**
- Economic Transformation – Real Sector
- Economic Transformation – Financial Sector
- Economic Transformation – Integration with Global Economy
- Economic Reforms in India[5][6]
- **Foreign Trade Policy, Foreign Investments and Economic Development**
- FTP policy – 2015-2020
- Challenges to be addressed in upcoming FTP
- FDIs, FIIs and Recent trends
- Economic development vs economic growth[5]
- **International Economic Organizations**
- IMF and World Bank
- WTO- India and WTO
- Regional Economic Co-operations
- Recent International Economic Issues[5]
- **Climate change, Sustainable Development Goals (SDGs)**
- Core elements of Sustainable Development
- Global Issues and initiatives
- India's progress in SDGs including Climate change
- CSR Activities[7][5]
- **Issues Facing Indian Economy**
- Poverty Alleviation
- Jobless growth
- Rising Inequalities
- Migration and excessive pressure on resources
- Possible remedies
- Pandemic situations[5]
### Module B: Economic Concepts Related to Banking
- **Fundamentals of Economics, Microeconomics, Macroeconomics**
- Economics – An Introduction
- Microeconomics and Macroeconomics
- Types of Economies (Market, Command, Mixed)[5][6]
- **Supply and Demand**
- The Demand Schedule
- Forces behind the Demand Curve, shifts in Demand
- The Supply Schedule
- Forces behind the Supply Curve, shifts in Supply
- Equilibrium of Supply and Demand
- Effect of a Shift in Supply or Demand[5][6]
- **Money Supply and Inflation**
- What is Money
- Money Supply
- Inflation
- Causes of Inflation
- Measures of Inflation[5][6]
- **Theories of Interest**
- Classical Theory of Rate of Interest
- Keynes' Liquidity Preference Theory
- Money Demand Curve
- Determination of Rate of Interest[5]
- **Business Cycles**
- Characteristics of a Business Cycle
- Phases of a Business Cycle[5]
- **Monetary Policy and Fiscal Policy**
- Tools of Monetary Policy
- Response to Global Financial Crisis
- Fiscal Policy, FRBM Act[5]
- **National Income and GDP Concepts**
- Computation, Utility[5]
- **Union Budget**
- Receipts, Expenditure
- Plan Expenditure
- Deficit Concepts[5]
### Module C: Indian Financial Architecture
- **Indian Financial System – An Overview**
- What is a Financial System?
- Phase I: Pre-1951 organisation
- Phase II: 1951 to Mid-eighties organisation
- Phase III: Post Nineties Organisation
- Narasimham Committee (1991)
- Reform of the Banking sector (1992-2008)
- Present Status of Banking System[5][6]
- **Indian Banking Structure**
- Functions
- Development of Banking in India
- Scheduled Commercial Banks- Types and functions
- Local Area Banks
- Regional Rural Banks
- Cooperative Banks: Types
- Payment Banks and Small Finance Banks
- NBFCs
- Key RBI Guidelines[5]
- **Banking Regulation Act, 1949 and RBI Act, 1934**
- Background of Enactment
- Reserve Bank of India Act, 1934: Chapter I to Chapter V
- Schedules to the RBI Act, 1934
- Banking Regulations Act, 1949
- Section 1 to Section 56[5]
- **Development Financial Institutions**
- Evolution of DFIs in India
- Gaps in Post-Independence Financial System
- Objectives of DFIs
- Classification of DFIs
- Role of DFIs in Indian Economy
- IFCI, ICICI, IDBI, SIDBI, EXIM Bank, NABARD, NHB, NaBFID[5]
- **Micro Finance Institutions**
- Evolution of Microfinance in India
- Grameen Bank Model
- Delivery of Microfinance
- SHG-Bank Linkage programme
- Joint Liability Groups (JLGs)
- Regulatory Framework for MFIs[5]
- **Non-Banking Financial Companies**
- What is a NBFC?
- Evolution of NBFCs in India
- Role of NBFC in Promoting Inclusive Growth
- Regulators of NBFCs
- Classification of NBFCs
- Types of NBFCs
- Scale Based Regulation (SBR)[5]
- **Insurance Companies**
- History and Development of Insurance
- Privatisation and FDI in Insurance
- Insurance Business Globally and in India
- Insurance Penetration and Density
- Legislations Governing Insurance Companies
- Insurance Intermediaries[5]
- **Indian Financial System - Regulators & their roles**
- Reserve Bank of India (RBI)
- Securities and Exchange Board of India (SEBI)
- Insurance Regulatory and Development Authority (IRDA)
- Pension Fund Regulatory and Development Authority (PFRDA)[5]
- **Reforms & Developments in Banking sector**
- Bad Banks
- Infrastructure financing
- Formation/role of NaBFID
- Basic concepts on EASE[5]
### Module D: Financial Products and Services
- **Overview of Financial Markets**
- What is a Financial Market?
- Evolution of Financial Market
- Segments of Financial Markets
- Functions of Financial Markets
- Price Discovery[5]
- **Money Markets and Capital Markets**
- Call Money, Notice Money, Term Money
- Treasury Bills
- Certificates of Deposit
- Commercial Paper
- Repo, Tri-Party Repo
- Bill Rediscounting Scheme (BRDS)
- Long-Term Repo Operations (LTRO)[5]
- **Fixed Income Markets - Debt / Bond Markets**
- Government Securities
- Bond Valuation and Theorems
- Auction of Government Securities
- Primary Dealers
- FIMMDA
- RBI Retail Direct Scheme (RDS)
- Corporate Bond Market[5]
- **Capital Markets and Stock Exchanges**
- Primary Market
- Secondary Market Stock Exchanges
- Financial Products/Instruments in Secondary Market
- SEBI Regulatory Requirements
- Types of Capital Issues
- Eligibility Norms for Capital Issues
- ASBA, QIP[5]
- **Forex Markets**
- Profile of Foreign Exchange Market
- Evolution of Forex Market in India
- Market Participants
- LIBOR and Alternate Reference Rates
- FEDAI
- FEMA, 1999
- FX-Retail Platform[5]
- **Interconnection of various markets/Market Dynamics**
- Process of Interconnectedness
- Reasons for interconnectedness
- Importance of Interconnectedness
- Market Integration in India
- Asian Clearing Union
- Contagion Effect[5]
- **Merchant Banking Services**
- Definition of Merchant Banking
- Historical Background
- Development in India
- Merchant Banking Vs Commercial Banking
- SEBI Regulations on Merchant Banking
- Activities of Merchant Banks[5]
- **Derivatives Market including Credit Default Swaps**
- What is a Derivative?
- History of Derivatives
- Size of Derivatives Market
- Underlying Assets
- Exchange Traded and OTC Markets
- Types of Derivatives
- Credit Default Swaps (CDS)
- ISDA Agreement[5]
- **Factoring, forfaiting & Trade Receivables Discounting System (TReDS)**
- What is Factoring?
- Types of factoring
- Domestic and International Factoring
- Bills Discounting vs Factoring
- What is Forfaiting?
- What is TReDS?
- Participants under TReDS[5]
- **Venture capital**
- Concept of Venture Capital
- Evolution in India
- Characteristics of VC Finance
- Stages of VC Financing
- Regulatory Aspects
- Exit Routes for VC Finance[5]
- **Leasing and Hire Purchase**
- Lease Finance
- Evolution of Leasing in India
- Types of Leasing
- Advantages and Disadvantages
- Legal and Regulatory Aspects
- Hire Purchase
- Parties to HP Contract[5]
- **Credit Rating agencies & their functions**
- What is Credit Rating?
- Credit Rating Agencies (CRAs)
- History of Credit Rating
- Characteristics and Importance
- Process of Credit Rating
- Credit Rating Symbols
- Regulations for CRAs in India[5]
- **Mutual Funds**
- Mutual Funds and their Functions
- Management of Mutual Funds
- Evolution of Mutual Funds
- Classification of Mutual Funds
- Role and Supervision
- Net Asset Value (NAV)
- Alternative Investment Funds[5]
- **Insurance Products**
- What is Insurance?
- Fundamental Principles
- Classification of Insurance
- Types of Insurance Business
- Group Insurance Schemes
- Micro Insurance
- Bancassurance
- Insurance Ombudsman Scheme[5]
- **Pension Funds (include APY, NPS)**
- Pension System and its Aspects
- Pension Products
- Different Types of Pension Schemes
- EPF Scheme
- PPF Scheme
- National Pension Scheme (NPS)
- Atal Pension Yojana (APY)[5]
- **Guidelines on Para Banking & Financial Services**
- Types of Para Banking Services
- Organisation of Para Banking Activities
- Disclosure of Commissions/Remunerations[5]
- **Real Estate Investment Funds / Infrastructure Investment Fund**
- What are REITs?
- History and Organisation of REITs
- Types of REITs
- Taxation Guidelines for REITs
- What are InvITs?
- Organisation and Activity of InvITs
- Types and Revenue Model of InvITs[5]
## Paper 2: Principles & Practices of Banking (PPB)
### Module A: General Banking Operations
- **Banker-Customer Relationship**
- Requirements to be Called a Bank
- Banker-Customer Relationship
- Bank as a Trustee
- Bailee-Bailor Relationship
- Agent-Principal Relationship
- Lessor and Lessee
- Different Deposit Products or Services[8][9][10]
- **AML-KYC Guidelines**
- Money Laundering & Financing of Terrorism Risks
- AML Framework in India
- Know Your Customer Policy
- Organisational Set-up for AML
- Obligations under PMLA
- Risk Management
- Obligations under International Agreements
- FATF Identified Jurisdictions[8][9][10]
- **Operational Aspects of KYC**
- Know Your Customers (KYC) Norms
- Wire Transfers
- Other Operations - Regulations
- Central KYC Records Registry (CKYCR)
- Monitoring of Transactions[8][11][10]
- **Opening Accounts of Various Types of Customers**
- Personal Accounts
- Accounts of Other Customers
- Norms for Opening Current Accounts
- Obtaining Photographs of Account Holders
- Legal Entity Identifier[8][11]
- **Operational Aspects of Deposit Accounts**
- Salient Feature of Deposit Accounts
- Interest on Deposit Accounts
- Prohibitions & Exemptions
- Inoperative Accounts & Unclaimed Deposits
- Nomination Facility
- Attachment Orders[5]
- **Operational Aspects of Handling Clearing/Collection/Cash**
- Cheque Truncation System (CTS)
- RBI Guidelines on Collection of Instruments
- Cash and its Custody
- Security Arrangements at Branches and ATMs[5]
- **Banker's Special Relationship**
- Mandate – Definition
- Power of Attorney (POA)
- Banker's Lien
- Right of Set-off
- Right of Appropriation[5][12]
- **Foreign Exchange Remittance Facilities for Individuals**
- Evolution of FEMA
- Definitions
- Bringing in and Taking out Foreign Exchange
- Inward Remittances
- Outward Remittances
- Indo - Nepal Remittance Scheme[5]
- **Operational Aspects of NRI Business**
- Permitted Accounts in India for NRIs and PIOs
- Accounts of Foreign Nationals Visiting India
- Special Non-Resident Rupee Account
- Remittance of Assets Held by NRIs/PIOs
- Acquisition and Transfer of Immovable Property
- Investments by NRIs/PIOs[5]
- **Foreign Currency Accounts for Residents**
- Types of Accounts Permitted
- Foreign Currency Denominated Accounts in India
- Permitted Foreign Currency Accounts Outside India
- Foreign Contribution (Regulation) Act 2010[5]
- **Cash Management Services and Its Importance**
- Developments in CMS
- Importance of Cash Management System
- Types of Cash Management Services
- Challenges and Issues[5]
- **Payment and Collection of Cheques and Other Negotiable Instruments**
- Negotiable Instruments Act
- Payment of a Cheque
- Payment in due course – Section 10
- Liability of the Paying Bank – Section 31
- Collection of Cheques
- Endorsement and Crossing of Cheques
- Forged Instruments
- Bouncing (Dishonour) of Cheques[5][12]
- **Responsibility of Paying Bank**
- Negotiable Instruments Act and Paying Banks
- Liability when Customer's Signature is Forged
- Payment to be in Due Course
- Payment in Good Faith without Negligence
- Payment Under Mistake
- Cheque Truncation[5]
- **Responsibility of Collecting Bank**
- Statutory Protection to Collecting Bank
- Duties of the Collecting Bank[5]
- **Ancillary Services**
- Remittances: DD, BC, MT, TT
- NEFT, RTGS
- Electronic Benefit Transfer (EBT) Scheme
- Mobile Banking in India
- Electronic/Digital Payments
- Safe Deposit Lockers
- Portfolio Management Services
- Merchant Banking
- Government Business[5]
- **Financial Inclusion & Financial Literacy**
- Extension of Banking Services
- Use of Mobiles/Tablets in Financial Inclusion
- Financial Literacy
- Rural Self Employment Training Institutes (RSETI)[5]
- **Customer Service Guidelines**
- Customer Service in Banks
- Policy for General Management of Branches
- ATM Operations
- Security Issues and Risk Mitigation
- Service at Counters
- Information to Customers[5]
- **Duties & Rights of a Banker and Customer Rights**
- Duty of Secrecy & Confidentiality
- Duty of Reasonable Care
- Garnishee or Attachment Order
- Bank's Rights
- Customer Awareness
- Banking Codes and Standards Board of India[5][12]
- **Grievance Redressal & RBI Integrated Ombudsman Scheme 2021**
- Model Policy on Grievance Redressal
- Internal Machinery to Handle Complaints
- The RBI - Integrated Ombudsman Scheme[5][12]
- **The Consumer Protection Act, 2019**
- Purpose of The Act
- Preamble and Extent
- Salient New Aspects of CPA 2019
- Definitions
- Various Fora
- Consumer Protection Councils
- Mediation Process
- Product Liability[5]
- **The Right to Information Act, 2005**
- Applicability
- Definitions
- Right to Information
- Obligations of Public Authorities
- Procedure for Obtaining Information
- Appeals and Penalties[5]
### Module B: Functions of Banks
- **Principles of Lending, Different Types of Borrowers, and Types of Credit Facilities**
- Principles of Lending
- Types of Borrowers
- Types of Credit Facilities
- Fund Based Working Capital Facilities
- Term/Demand Loans
- Non-fund Based Facilities[5][12]
- **Appraisal and Assessment of Credit Facilities**
- Credit Appraisal
- Credit Appraisal techniques
- Methods of Assessment of Loans
- Assessment of Working Capital
- Assessment of Term Loan[5]
- **Operational Aspects of Loan Accounts**
- Interest Rates on Loans
- Credit Management
- Credit Monitoring
- Common Operational Terms in Loan Functions
- Operational Process of Handling Loans
- Accounting Aspects of Loan Products
- Fair Practices Code for Lenders[5]
- **Types of Collaterals and Their Characteristics**
- Effectiveness of Securities
- Secured vs Unsecured Loans
- Types of Securities
- Land and Buildings
- Goods and Documents of Title
- Advances against Life Insurance Policies
- Advance Against Shares and Debentures
- Loan against Book Debts and Term Deposits
- Vehicle Finance[5][12]
- **Different Modes of Charging Securities**
- Meaning and Essentials of a Contract
- Contract of Agency
- Contract of Bailment
- Types of Charges
- Registration of Charges[5][12]
- **Documentation**
- Different Types of Documents
- Documentation Procedure[5]
- **Non-Performing Assets/ Stressed Assets**
- Definition and Income Recognition
- Computation of Gross and Net NPA
- Asset Classification
- Provisioning Norms
- Writing Off of NPAs
- Framework for Resolution of Stressed Assets
- Prudential Norms for Restructuring[5][12]
- **Important Laws Relating to Recovery Of Dues**
- Recovery of Debts and Bankruptcy Act, 1993 (DRB)
- SARFAESI Act
- Insolvency and Bankruptcy Code
- Legal Services Authorities Act
- Law of Limitation[5]
- **Contracts of Indemnity**
- Contract of Indemnity Defined
- Distinctive Features of Indemnity and Guarantee
- Rights of Indemnity Holder
- Implied Indemnity
- Scope and Application to Banks[5]
- **Contracts of Guarantee & Bank Guarantee**
- Parties to the Contract
- Basic Principles to be Complied
- Continuing Guarantee
- Revocation of Continuing Guarantee
- Variance in Terms of Contract
- Bank Guarantees
- Various Types of Bank Guarantees
- Precautions for Issuance and Payment[5]
- **Letters of Credit**
- Letters of Credit – General Consideration
- Parties to a Letter of Credit
- Types of Letters of Credit
- Documents Under Letter of Credit
- Uniform Customs and Practices (UCPDC 600)
- Payment Under Letter of Credit[5]
- **Deferred Payment Guarantee**
- Purpose of Deferred Payment Guarantee
- Method of Payment[5]
- **Laws Relating to Bill Finance**
- Class of Bills and Laws Governing Bills
- Classification of Bills
- Various Types of Bill Finance
- Legal Position of a Banker[5]
- **Credit Cards, Home Loans, Personal Loans, Consumer Loans**
- Credit Card
- Home Loans
- Personal Loans
- Consumer Loans[5][12]
- **Priority Sector Advances**
- Applicability
- Targets/Sub-Targets for Priority Sector
- Categories of Priority Sector
- Non-Achievement of Priority Sector Targets
- Common guidelines for Priority Sector Loans
- Other Modes of Lending to Priority Sectors[5][12]
- **Agricultural Finance**
- Short-Term Loans
- Medium/Long-Term Loans
- Crop Loan
- Kisan Credit Card (KCC)
- Selected Activities Under Agricultural Financing
- Minimum Support Prices Scheme
- Prime Minister Fasal Bima Yojana (PMFBY)[5]
- **Finance to MFIs/Co-Lending Arrangements with NBFCs**
- Background
- Bank Borrowings - Source of Finance for NBFC's
- Bank Finance to NBFC's
- Bank Loans to NBFC's for On-Lending
- Co-Lending by Banks and NBFC's to Priority Sector
- Scale Based Regulation (SBR)[5]
- **Micro, Small and Medium Enterprises in India**
- Aim of MSMEs
- MSMED Act
- Policy Package for MSMEs
- Credit rating
- Credit Guarantee Scheme
- Other Initiatives[5][12]
- **Government Sponsored Schemes**
- Various Government Schemes for different sectors
- Implementation and operational aspects[5]
- **Self-Help Groups**
- Self Help Groups and Other Schemes
- Functions, role & capacity building[5][12]
### Module C: Banking Technology
- **Essentials of Bank Computerisation**
- Evolution of Banking Technology
- Benefits of Technology in Banking
- Challenges in Technology Adoption[5]
- **Operational Aspects of CBS Environment**
- Core Banking Systems
- Features and Benefits of CBS
- Implementation Aspects[5]
- **Alternate Delivery Channels – Digital Banking**
- ATMs
- Internet Banking
- Mobile Banking
- Phone Banking
- Digital Banking Products[5]
- **Data Communication Network and EFT Systems**
- Network Infrastructure
- Electronic Fund Transfer Systems
- SWIFT
- INFINET[5]
- **Digital Payment Systems – NPCI**
- National Payments Corporation of India
- UPI (Unified Payments Interface)
- IMPS
- RuPay Cards
- BHIM App[5]
- **Impact of Technology Adoption and Trends in Banking Technology**
- Technology Trends
- Artificial Intelligence
- Machine Learning
- Blockchain Technology
- Cloud Computing[5]
- **Security Considerations and Mitigation Measures in Banks**
- Cyber Security Framework
- Information Security
- Risk Management
- Security Controls[5]
- **Operational Aspects of Cyber Crimes/Fraud Risk Management**
- Types of Cyber Crimes
- Fraud Detection and Prevention
- Incident Response
- Recovery Mechanisms[5]
- **Technology trends in Banking**
- e-RUPI
- Fintech - RegTech, SupTech
- Hashtag banking
- Open Banking
- API Banking[5]
### Module D: Ethics in Banks and Financial Institutions
- **Ethics, Business Ethics & Banking: An Integrated Perspective**
- Definition of Ethics
- Business Ethics in Banking Context
- Ethical Framework
- Corporate Governance[5]
- **Ethics at the Individual Level**
- Personal Ethics
- Professional Ethics
- Ethical Decision Making
- Moral Values[5]
- **Ethical Dimensions: Employees**
- Employee Code of Conduct
- Conflict of Interest
- Confidentiality
- Fair Dealing[5]
- **Work Ethics and the Workplace**
- Work Culture
- Team Ethics
- Leadership Ethics
- Communication Ethics[5]
- **Banking Ethics: Changing Dynamics**
- Evolution of Banking Ethics
- Regulatory Requirements
- Customer Protection
- Stakeholder Management[5]
## Paper 3: Accounting & Financial Management for Bankers (AFM)
### Module A: Accounting Principles and Processes
- **Definition, Scope and Accounting Standards including Ind AS**
- Nature and Purpose of Accounting
- Historical Perspectives
- New Accounting system/Value system accounting
- Origins of Accounting Principles
- Accounting Standards in India
- Generally Accepted Accounting Principles (US GAAP)
- Overview of IFRSs
- Difference between GAAP and IFRS
- Transfer Pricing[13][14]
- **Basic Accountancy Procedures**
- Concepts of Accountancy
- Going Concern Entity
- Double Entry System
- Principle of Conservatism
- Revenue Recognition and Realisation
- Accrual and Cash Basis[13][5]
- **Maintenance of Cash/Subsidiary Books and Ledger**
- Record Keeping Basics
- Account Categories
- Debit and Credit Concepts
- Various Books of Accounts
- Ledger Posting[13][5]
- **Bank Reconciliation Statement**
- Need for Bank Reconciliation
- Preparation of BRS
- Causes of Differences
- Reconciliation Process[5]
- **Trial Balance, Rectification of Errors and Adjusting & Closing Entries**
- Preparation of Trial Balance
- Types of Errors
- Rectification Methods
- Adjusting Entries
- Closing Entries[5]
- **Depreciation & its Accounting**
- Concept of Depreciation
- Methods of Depreciation
- Straight Line Method
- Written Down Value Method
- Accounting for Depreciation[5]
- **Capital and Revenue Expenditure**
- Distinction between Capital and Revenue
- Capital Expenditure
- Revenue Expenditure
- Deferred Revenue Expenditure[5]
- **Bills of Exchange**
- Definition and Features
- Parties to Bill of Exchange
- Types of Bills
- Accounting for Bills[5]
- **Operational Aspects of Accounting Entries**
- Day-to-day Accounting Entries
- Banking Transactions
- Special Accounting Entries[5]
- **Back Office Functions/Handling Unreconciled Entries**
- Back Office Operations
- Unreconciled Entries
- Reconciliation Process[5]
- **Bank Audit & Inspection**
- Types of Audits
- Internal Audit
- External Audit
- RBI Inspection
- Compliance Requirements[5]
### Module B: Financial Statements and Core Banking Systems
- **Balance Sheet Equation**
- Accounting Equation
- Assets = Liabilities + Equity
- Balance Sheet Format
- Items in Balance Sheet[5][13]
- **Preparation of Final Accounts**
- Trading Account
- Profit and Loss Account
- Balance Sheet
- Final Accounts of Different Entities[5]
- **Company Accounts – I**
- Share Capital
- Types of Shares
- Issue of Shares
- Calls on Shares
- Forfeiture of Shares[5]
- **Company Accounts – II**
- Debentures
- Issue of Debentures
- Redemption of Debentures
- Final Accounts of Companies[5]
- **Cash Flow & Funds Flow**
- Cash Flow Statement
- Funds Flow Statement
- Operating, Investing, Financing Activities
- Direct and Indirect Method[5]
- **Final Accounts of Banking Companies**
- Banking Company Balance Sheet
- Profit and Loss Account
- Statutory Requirements
- RBI Guidelines[5]
- **Core Banking Systems & Accounting in Computerised Environment**
- CBS Implementation
- Computerised Accounting
- Features of CBS
- Benefits and Challenges[5]
### Module C: Financial Management
- **An Overview of Financial Management**
- Objectives of Financial Management
- Functions of Finance Manager
- Financial Decisions
- Scope of Financial Management[5][15]
- **Ratio Analysis**
- Types of Ratios
- Liquidity Ratios
- Activity Ratios
- Leverage Ratios
- Profitability Ratios
- Market Value Ratios[5]
- **Financial Mathematics - Calculation of Interest & Annuities**
- Simple Interest
- Compound Interest
- Present Value and Future Value
- Annuities
- Perpetuities[5]
- **Financial Mathematics - Calculation of YTM**
- Yield to Maturity
- Current Yield
- Yield Calculations
- Bond Pricing[5]
- **Financial Mathematics - Forex Arithmetic**
- Foreign Exchange Calculations
- Cross Rates
- Forward Rates
- Currency Conversions[5]
- **Capital Structure and Cost of Capital**
- Capital Structure Concepts
- Optimal Capital Structure
- Cost of Equity
- Cost of Debt
- Weighted Average Cost of Capital (WACC)[5]
- **Capital Investment Decisions/Term Loans**
- Capital Budgeting
- Investment Appraisal Techniques
- Net Present Value (NPV)
- Internal Rate of Return (IRR)
- Payback Period[5]
- **Equipment Leasing/Lease Financing**
- Types of Leasing
- Financial Lease vs Operating Lease
- Lease Evaluation
- Advantages and Disadvantages[5]
- **Working Capital Management**
- Components of Working Capital
- Working Capital Cycle
- Cash Management
- Inventory Management
- Receivables Management[5]
- **Derivatives**
- Types of Derivatives
- Forwards and Futures
- Options
- Swaps
- Hedging Strategies[5]
### Module D: Taxation and Fundamentals of Costing
- **Taxation: Income Tax/TDS/Deferred Tax**
- Income Tax Act
- Tax Slabs and Rates
- Tax Deducted at Source (TDS)
- Deferred Tax Assets and Liabilities
- Tax Planning[5]
- **Goods & Services Tax**
- GST Framework
- Types of GST
- GST Registration
- Input Tax Credit
- GST Returns[5]
- **An Overview of Cost & Management Accounting**
- Cost Concepts
- Elements of Cost
- Cost Classification
- Cost Behaviour[5]
- **Costing Methods**
- Job Costing
- Process Costing
- Activity Based Costing
- Target Costing[5]
- **Standard Costing**
- Standard Cost
- Variance Analysis
- Material Variances
- Labour Variances
- Overhead Variances[5]
- **Marginal Costing**
- Variable Cost
- Fixed Cost
- Contribution
- Break-even Analysis
- Decision Making[5]
- **Budgets and Budgetary Control**
- Types of Budgets
- Budget Preparation
- Flexible Budgets
- Budgetary Control
- Performance Evaluation[5]
## Paper 4: Retail Banking & Wealth Management (RBWM)
### Module A: Retail Banking
- **Retail Banking: Introduction**
- Characteristics of Retail Banking
- Advantages of Retail Banking
- Constraints in Retail Banking
- Evolution of Retail Banking
- Prerequisite for Success of Retail Banking
- Challenges for Retail Banking
- Future of Retail Banking[16][17]
- **Retail Banking: Role within the Bank Operations**
- Business Models
- Strategic Business Unit Approach
- Departmental Approach
- Integrated Approach[16]
- **Applicability of Retail Banking Concepts**
- Applicability of Retail Banking Concepts
- Distinction between Retail and Corporate/Wholesale Banking[16]
- **Branch Profitability**
- Banking System: An Introduction
- Banking in India
- What is Profitability?
- Gross Profit, Operating Profit and Net Profit
- Profit and Profitability in Banking Context
- Traditional Measures of Profitability
- Return on Asset (ROA)
- Return on Equity (ROE) for Banks
- Branch Operating Efficiency
- Factors Affecting Profitability[16][18]
### Module B: Retail Products and Recovery
- **Customer Requirements**
- Maslow's Theory and Customer Requirements
- Customer Requirements about Service Quality[16]
- **Product Development Process**
- Product Development Process
- Product Life Cycle
- Product Lines of a Banker
- Deposit Products or Liability Products
- Credit Products or Asset Products
- New Product Development
- Stages in New Product Development[16]
- **Credit Scoring**
- What is a Credit Score?
- Evolution of Credit Scoring
- Credit Scoring Model
- Managing the Credit Score
- Positive Side of Credit Score
- Credit Information Companies in India
- Issues in Credit Scoring[16]
- **Important Retail Liability Products**
- Demand Deposits
- Current Deposit Account
- Savings Bank Account
- Time Deposit
- Recurring Deposit (RD)
- 2 in 1 Account[16]
- **Important Retail Asset Products**
- Home Loans
- Housing Loans under PMAY
- Home Improvement Loans
- Auto/Vehicle Loans
- Personal Loans
- Educational Loans
- Processing of Retail Loans[16]
- **Credit and Debit Cards**
- Credit Cards
- Charge Cards
- Pre-paid Cards
- Debit Cards
- Co-branded Cards
- Contactless Cards[16]
- **Remittance Products**
- Electronic Payment Systems
- NEFT
- RTGS
- ECS
- NACH System
- Aadhaar enabled Payment System (AePS)
- Bharat Bill Payment System (BBPS)[16]
- **Digitisation of Retail Banking Products**
- Technology in Retail Banking
- Technology Processes in Retail Banking
- User-Friendly Features
- Customer Analytics
- IDRBT
- INFINET
- SFMS
- Digital Lending[16]
- **Role of AI and Technology in Retail Banking**
- Dimensions of Banking Technology
- Evolution of Banking Technology
- Artificial Intelligence (AI)
- Benefits of AI Technology in Banking
- AI in Retail Banking
- Challenges Facing India's AI Development[16]
- **Recovery of Retail Loans**
- Repayment in Retail Loans
- Default and Re-scheduling
- Monitoring of Loan Accounts
- Classification of Irregular Loan Accounts
- Recovery Policy of Banks
- SARFAESI Act
- Debt Recovery Tribunal (DRT)
- Lok Adalat
- Direct Recovery Agents[16]
- **Management Information Systems**
- Main elements of MIS
- Role of MIS
- MIS in improving decision making
- MIS in Banking Industry
- Designing MIS for a Bank[16]
- **Securitization**
- Securitization of Assets
- Process and Benefits
- Regulatory Framework[16]
### Module C: Support Services – Marketing of Banking Services/Products
- **Marketing – An Introduction**
- Marketing in Retail Banking
- Marketing Mix in Retail Banking[16]
- **Delivery Channels in Retail Banking**
- Channel Experience
- Physical/Direct Channels – Branch
- Automated Teller Machines
- Point of Sale Terminal
- Mobile Banking
- Internet Banking
- Customer's Liability on Unauthorized Electronic Transactions[16]
- **Delivery Models**
- Delivery Models
- Internal Customers – Staff at Branch Level
- Dedicated Marketing Managers
- Direct Selling Agents (DSAs)
- Tie-up with Institutions/OEMs/Dealers[16]
- **Customer Relationship Management in Retail Banking**
- Customer Relationship Management
- Why CRM?
- Implementation Aspects of CRM in Banks
- Implementation Process and Stages
- Benefits of CRM
- Impact of CRM on Customer Satisfaction[16]
- **Service Standards for Retail Banking**
- Members of BCSBI
- Main Aims and Objects
- Code of Banks' Commitment
- Code of Banks Commitment to MSE
- Function of BCSBI
- Code Compliance Rating
- Customer Grievances Handling Mechanism[16]
- **Marketing Information Systems – A Longitudinal Analysis**
- Functions of MKIS
- Components of MKIS
- The MKIS Model
- Usage of Computers in MKIS
- Supports for Marketing Management
- Performance of MKIS[16]
### Module D: Wealth Management
- **Importance of Wealth Management**
- Wealth Management – Broad View
- Wealth Management Business Structures
- Wealth Management Process
- Wealth Management Products and Services
- Alternative asset
- Private Wealth Management
- Personal Financial Planning
- Benefits and Importance of Wealth Management[16]
- **Investment Management**
- Element of Investment
- Basics of Investment Management
- Steps in Investment Management
- Investment Banking
- Portfolio Management
- Objectives and Key Elements of Portfolio Management
- Types of Portfolio Management Services
- Advantages and Disadvantages of PMS[16]
- **Tax Planning**
- Classification of Tax Structure in India
- Financial Year and Assessment Year
- Residential Status for Income Tax
- Heads of Income
- Income Tax Slab rates
- Old vs New Tax Regime
- Investment Products for Tax Savings
- Estate Planning
- Capital Gains Tax[16]
- **Other Financial Services Provided by Banks**
- Distribution of Third Party Products
- Mutual Fund Business
- Insurance Business
- Social Security Insurance Schemes
- Cross-Selling
- Depository Services by Banks
- Portfolio Management Services
- Factoring
- Other Agency Business[16]
- **Additional Reading Material on Home Loans**
- Lender's Appraisal Procedure
- Application Form and Documents
- Appraisal of Loan Request
- Documentation and Mortgage
- Registration of Documents
- Detection of Forged Title Deeds
- Monitoring and Closure
- Home Loan Frauds[16]
- **Housing Finance and Tax Planning**
- Tax Benefits in Respect of Housing Finance
- Section 80C and 24(b) Benefits
- Principal and Interest Repayment Benefits[16]
- **Mortgage Advice**
- Development of Home Information Packs
- Time Value of Money
- Capital Gains
- Loan Calculator and Amortization Schedule[16]
- **Valuation of Real Property**
- Who does Valuation?
- Land with Building
- Life of Structures
- Sinking Fund
- Reverse Mortgage[16]
## Important Exam Information
**Exam Dates 2025:**[1][19][20]
- **May Session:** 4th, 10th, 11th, and 18th May 2025
- **November Session:** 2nd, 8th, 9th, and 16th November 2025
**Key Features:**[1][2][3]
- **Mode:** Online only
- **Language:** English or Hindi
- **Time Limit:** 5 attempts within 3 years maximum
- **Fees:** ₹4,000 for first attempt, ₹1,300 for subsequent attempts
**Study Resources:**[1][5]
- Official IIBF courseware
- RBI Master Circulars/Directions
- IIBF Vision and Bank Quest publications
- Current developments in banking and finance
