JAIIB Syllabus 2023, Revised Syllabus and Exam Pattern

JAIIB Syllabus 2023: The Indian Institute of Banking and Finance (IIBF) conducts the JAIIB Exam 2023 which stands for Junior Associate of Indian Institute of Bankers Exam. The exams of IIBF JAIIB aim at providing excellence to banking and finance industry employees in their professional careers. The JAIIB Exam is conducted twice a year. The JAIIB Registrations 2023 have started on the official website. Candidates who are interested in appearing for the JAIIB Exam should start their preparations now. In this, JAIIB Syllabus 2023 will be their guiding light. The following topics are covered in the JAIIB Exam:

  1. Principles & Practices of Banking.
  2. Accounting & Financing for Bankers.
  3. Legal & Regulatory Aspects of Banking.

In this article, we will discuss the JAIIB Syllabus 2023 and Exam Pattern in detail.

JAIIB Syllabus Overview

The JAIIB Registration 2023 began on the official website on 1st August 2023 and will continue till 27th August 2023. The JAIIB Exam is scheduled to take place on 08, 14, 15, and 29 October 2023. Check the details of the JAIIB Syllabus in the table below.

JAIIB Syllabus: Overview
Organization Indian Institute of Banking and Finance
Exam Name JAIIB Exam 2023
Selection Process Online Exam
JAIIB Registration 2023 1st to 27th August 2023
JAIIB Exam Date 2023 08th, 14th, 15th & 29th October 2023
Language of Exam English
Official Website www.iibf.org.in

JAIIB Revised Syllabus 2023: Papers

As per the revised JAIIB Syllabus, there are four papers in the IIBF JAIIB Exam. Candidates can check the papers included in the JAIIB Exam 2023 below.

Paper 1: Indian Economy and Indian Financial System (IE & IFS)
Paper 2: Principles and Practices of Banking (PPB)
Paper 3: Accounting and Financial Management for Bankers (AFM)
Paper 4: Retail Banking and Wealth Management (RBWM)

JAIIB Syllabus Paper 1: Indian Economy and Indian Financial System (IE & IFS)

The initial module of the updated JAIIB Syllabus 2023 is focused on Indian Economy and Indian Financial System. The JAIIB Paper 1 Syllabus comprises four modules, which are as follows: Indian Economic Architecture, Economic Concepts Related to Banking, Indian Financial Architecture, and Financial Products and Services. Below are the topics covered in each module.

Module A: Indian Economic Architecture

  • An Overview of the Indian Economy
  • Sectors of the Indian Economy
  • Economic Planning in India & NITI Aayog
  • Role of Priority Sector and MSME in the Indian Economy
  • Infrastructure including Social Infrastructure
  • Globalization- Impact on India
  • Economic Reforms
  • Foreign Trade Policy
  • Foreign Investments and Economic Development
  • International Economic Organizations (World Bank, IMF, etc.)
  • Climate Change
  • Sustainable Development Goals (SDGs)
  • Issues Facing the Indian Economy

Module B: Economic Concepts Related to Banking

  • Fundamentals of Economics
  • Microeconomics and Macroeconomics
  • Types of Economies
  • Supply and Demand
  • Money Supply and Inflation
  • Theories of Interest
  • Business Cycles
  • Monetary Policy and Fiscal Policy
  • System of National Accounts and GDP Concepts
  • Union Budget.

Module C: Indian Financial Architecture

  • Indian Financial System – An Overview
  • Indian Banking Structure
  • Banking Laws – Reserve Bank of India Act, 1934 & Banking Regulation Act, 1949
  • Development Financial Institutions
  • Micro Finance Institutions
  • Non-Banking Financial Companies (NBFCs)
  • Insurance Companies
  • Indian Financial System – Regulators and Their Roles
  • Reforms & Developments in the Banking Sector.

Module D: Financial Products and Services

  • Financial Markets
  • Money Markets
  • Capital Markets and Stock Exchanges
  • Fixed Income Markets – Debt and Bond Markets
  • Foreign Exchange Markets
  • Interconnectedness of Markets and Market Dynamics
  • Merchant Banking Services
  • Derivatives Market
  • Factoring, Forfaiting, and Trade Receivables Discounting System (TReDS)
  • Venture Capital
  • Lease Finance and Hire Purchase
  • Credit Rating and Credit Scoring
  • Mutual Funds
  • Insurance Products
  • Pension Products
  • Para Banking and Financial Services Provided by Banks
  • Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs).

JAIIB Syllabus Paper 2: Principles and Practices of Banking (PPB)

The second paper in the JAIIB Syllabus is titled “Principles and Practices of Banking.” PPB consists of four modules, namely General Banking Operations, Functions of Banks, Banking Technology, and Ethics in Banks and Financial Institutions. Below, we have provided a list of topics covered in each module for Paper 2.

Module A: General Banking Operations

  • Banker-Customer Relationship
  • AML-KYC Guidelines
  • Operational Aspects of KYC
  • Opening Accounts of Various Types of Customers
  • Operational Aspects of Deposit Accounts
  • Operational Aspects of Handling Clearing/Collection/Cash
  • Banker’s Special Relationship
  • Foreign Exchange Remittance Facilities for Individuals
  • Operational Aspects of NRI Business
  • Foreign Currency Accounts for Residents and Other Aspects
  • Cash Management Services and its Importance
  • Payment and Collection of Cheques and Other Negotiable Instruments
  • Responsibility of Paying Bank
  • Responsibility for Collecting Bank
  • Ancillary Services
  • Financial Inclusion & Financial Literacy
  • Customer Service Guidelines
  • Duties & Rights of a Banker and Customer Rights
  • Grievance Redressal & RBI Integrated Ombudsman Scheme 2021
  • The Consumer Protection Act, 2019: Preamble, Extent, and Definitions
  • The Right to Information Act, 2005.

Module B: Functions of Banks

  • Principles of Lending
  • Different Types of Borrowers and Types of Credit Facilities
  • Appraisal and Assessment of Credit Facilities
  • Operational Aspects of Loan Accounts
  • Types of Collaterals and Their Characteristics
  • Different Modes of Charging Securities
  • Documentation
  • Non-Performing Assets/ Stressed Assets
  • Important Laws Relating to Recovery of Dues
  • Contracts of Indemnity, Contracts of Guarantee & Bank Guarantee
  • Letters of Credit
  • Deferred Payment Guarantee
  • Laws Relating to Bill Finance
  • Personal Finance
  • Priority Sector Advances
  • Agricultural Finance
  • Finance to MFIs/Co-Lending Arrangements with NBFCs
  • Micro, Small, and Medium Enterprises in India
  • Government Sponsored Schemes
  • Self-Help Groups.

Module C: Banking Technology

  • Essentials of Bank Computerisation
  • Operational Aspects of the CBS Environment
  • Alternate Delivery Channels – Digital Banking
  • Data Communication Network and EFT Systems
  • Digital Payment Systems – NPCI
  • Impact of Technology Adoption and Trends in Banking Technology
  • Security Considerations and Mitigation Measures in Banks
  • Operational Aspects of Cyber Crimes/Fraud Risk Management in Cyber Tech
  • Technology Trends in Banking
  • e-RUPI
  • Fintech – RegTech, SupTech, Hashtag Banking.

Module D: Ethics in Banks and Financial Institutions

  • Ethics, Business Ethics & Banking: An Integrated Perspective
  • Ethics at the Individual Level
  • Ethical Dimensions: Employees, Work Ethics, and the Workplace
  • Banking Ethics: Changing Dynamics.

JAIIB Syllabus Paper 3: Accounting and Financial Management for Bankers (AFM)

The JAIIB Syllabus 2023 includes Paper 3, which is titled “Accounting and Financial Management for Bankers” (AFM). This paper is divided into four modules: Accounting principles and processes, financial statements & core banking systems, financial management, and taxation & fundamentals of costing. Below, candidates can find the topics covered in each module for AFM.

Module A: Accounting Principles and Processes

  • Definition, Scope & Accounting Standards including Ind AS
  • Basic Accountancy Procedures
  • Maintenance of Cash/Subsidiary Books and Ledger
  • Bank Reconciliation Statement
  • Trial Balance
  • Rectification of Errors and Adjusting & Closing Entries
  • Depreciation and its Accounting
  • Capital and Revenue Expenditure
  • Bills of Exchange
  • Operational Aspects of Accounting Entries
  • Back Office Functions/Handling Unreconciled Entries in Banks
  • Bank Audit & Inspection

Module B: Financial Statements and Core Banking Systems

  • Balance Sheet Equation
  • Preparation of Final Accounts
  • Company Accounts-I
  • Company Accounts-II
  • Cash Flow and Funds Flow
  • Final Accounts of Banking Companies
  • Core Banking Systems and Accounting in a Computerised Environment

Module C: Financial Management

  • Financial Management – An Overview
  • Ratio Analysis
  • Financial Mathematics Calculation of Interest and Annuities
  • Financial Mathematics Calculation of YTM
  • Financial Mathematics – Forex Arithmetic
  • Capital Structure and Cost of Capital
  • Capital Investment Decisions/Term Loans
  • Equipment Leasing/Lease Financing
  • Working Capital Management
  • Derivatives

Module D: Taxation and Fundamentals of Costing

  • Taxation: Income Tax/TDS/Deferred Tax
  • Goods & Services Tax
  • An Overview of Cost & Management Accounting
  • Costing Methods
  • Standard Costing
  • Marginal Costing
  • Budgets and Budgetary Control
  • Bibliography.

JAIIB Syllabus Paper 4: Retail Banking and Wealth Management (RBWM)

Module A: Introduction to Retail Banking

  • Banking: Introduction
  • Retail Banking: Role within the Bank Operations
  • Applicability of Retail Banking Concepts
  • The distinction between Retail and Corporate/Wholesale Banking
  • Branch Profitability.

Module B: Retail Products and Recovery

  • Customer Requirements
  • Product Development Process
  • Credit Scoring
  • Important Retail Liability Products
  • Important Retail Asset Products
  • Credit and Debit Cards
  • Remittance Products
  • Digitization of Retail Banking Products
  • Role of AI and Technology in Retail Banking
  • Recovery of Retail Loans
  • Management Information Systems
  • Securitization.

Module C: Support Services- Marketing of Banking Services/Products

  • Marketing: An Introduction
  • Delivery Channels in Retail Banking
  • Delivery Models
  • Customer Relationship Management in Retail Banking
  • Service Standards for Retail Banking
  • Marketing Information Systems – A Longitudinal Analysis.

Module D: Wealth Management

  • Importance of Wealth Management
  • Investment Management
  • Tax Planning
  • Other Financial Services Provided by Banks.

Also, Read

JAIIB Syllabus 2023, Revised Syllabus and Exam Pattern_40.1

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