Understanding the JAIIB Exam
JAIIB stands for Junior Associate of Indian Institute of Bankers. IIBF is the authoritative body that holds the recruitment of Junior Associate of Indian Institute of Bankers exam twice a year.
It is crucial to have a thorough understanding of the subject and to appropriately prioritise your preparation with learning sessions if you want to succeed in the first attempt in JAIIB 2023 examination. This article aims to provide a comprehensive guide on the syllabus priority to ensure sure success in the JAIIB 2023 examination.
JAIIB Subjects with the Date & Mode of Examination
|Subjects||Date||Mode of Examination|
|Indian Economy and Financial System||8 October 2023||Online|
|Principles and Practices of Banking||14 October 2023||Online|
|Accounting and Financial Management of Banking||15 October 2023||Online|
|Retail Banking and Wealth Management||29 October||Online|
Subjects Covered in JAIIB: A Brief Overview
Due to the extensive syllabus that IIBF has set down for the JAIIB exam, candidates must put a lot of study time into preparation. For those wishing to take the JAIIB exam, the institute has its own course materials. We here at ‘Learning Sessions’ also provide the students with a free and valuable study material for JAIIB 2023 to guarantee their sure success in the examination. Four papers are included in the JAIIB exam syllabus:
Indian Economy and Financial System
In the JAIIB Revised Syllabus 2023, the first paper is titled as “Indian Economy and Indian Financial System.” The JAIIB Paper 1 is divided into four components.
|1. Indian Economic Architecture
2. Economic Concepts Related to Banking
3. Indian Financial Architecture
4. Financial Products and Services.
- Indian Economic Architecture
This module comprises of an overview of 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, Globalisation- Impact on India, Economic Reforms, Foreign Trade Policy, Foreign Investments and Economic Development, International Economic Organisations (World Bank, IMF, etc.), Climate change, Sustainable Development Goals (SDGs), Issues Facing Indian Economy.
- Economic Concept Related to Banking
This module comprises of an overview of Fundamentals of Economics, Microeconomics, and Macroeconomics and 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.
- Indian Financial Architecture
This module comprises of an overview of 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.
- Financial Products and Services
This module comprises of an overview of 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, 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.
Principles and Practices of Banking
In the JAIIB Revised Syllabus 2023, the second paper is titled as “Principles and Practices of Banking.” The JAIIB Paper 2 is divided into four components.
|DATE OF EXAMINATION||SUBJECT MODULES|
|14 October 2023||1.General Banking Operations
2. Functions of Banks
3. Banking Technology
4. Ethics in Bank and Financial Institutions.
- General Banking Operations
This module comprises of an overview of 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 of 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.
- Functions of Banks
This module comprises of an overview of 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.
- Banking Technology
This module comprises of an overview of Essentials of Bank Computerisation, Operational Aspects of 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, Sup Tech, Hashtag Banking etc.
- Ethics in Banks and Financial Institutions
This module comprises of an overview of Ethics, Business Ethics & Banking: An Integrated Perspective, Ethics at the Individual Level, Ethical Dimensions: Employees, Work Ethics and the Workplace, Banking Ethics: Changing Dynamics.
Accounting and Financial Management for Bankers
In the JAIIB Revised Syllabus 2023, the third paper is titled as “Accounting and Financial Management for Bankers.” The JAIIB Paper 3 is divided into four components.
|DATE OF EXAMINATION||SUBJECT MODULES|
|15 October 2023||1.Accounting principles and processes
2.Financial statements & core banking systems
4.Taxation and Fundamentals of costing
- Accounting Principles and Processes
This module comprises of an overview of 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.
- Financial Statements and Core Banking Systems
This module comprises of an overview of 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 Computerised Environment.
- Financial Management
This module comprises of an overview of 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.
- Taxation and Fundamentals of Costing
This module comprises of an overview of 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.
Retail Banking and Wealth Management
In the JAIIB Revised Syllabus 2023, the fourth paper is titled as “Retail Banking and Wealth Management.” The JAIIB Paper 4 is divided into four components.
|DATE OF EXAMINATION||SUBJECT MODULES|
|29 October 2023||1.Retail Banking
2.Retail Products and Recovery
3.Support Services- Marketing of Banking Services/Products
- Retail Banking
This module comprises of an overview of Role within the Bank Operations, Applicability of Retail Banking Concepts and Distinction between Retail and Corporate/Wholesale Banking, Branch Profitability.
- Retail Products and Recovery
This module comprises of an overview of Customer Requirements, Product Development Process, Credit Scoring, Important Retail Liability Products, Important Retail Asset Products, Credit and Debit Cards, Remittance Products, Digitisation of Retail Banking Products, Role of AI and Technology in Retail Banking, Recovery of Retail Loans, Management Information Systems, Securitisation.
- Support Services-Marketing of Banking Services/ Products
This module comprises of an overview of Delivery Channels in Retail Banking, Delivery Models, Customer Relationship Management in Retail Banking, Service Standards for Retail Banking, Marketing Information Systems-A Longitudinal Analysis.
- Wealth Management
This module comprises of an overview of Importance of Wealth Management, Investment Management, Tax Planning, Other Financial Services Provided by Banks.
Hasten Up JAIIB 2023 Preparation through Learning Sessions
Learning sessions can greatly aid in preparing for the syllabus of JAIIB 2023 by providing structured and comprehensive guidance throughout the preparation process. These sessions are designed to help candidates understand the key concepts, principles, and topics covered in the JAIIB syllabus.
Furthermore, practise exercises, study guides, and other resources specific to the JAIIB syllabus are frequently included in learning sessions. These resources can be used in addition to self-study to help students enhance their understanding of the material.
Moreover, learning sessions also include mock tests and previous year question papers to help candidates assess their knowledge and identify areas of improvement. Feedback and guidance from instructors can further enhance their exam readiness.
At the end, Learning Sessions can be instrumental in building a strong conceptual foundation and boosting your confidence for success in the JAIIB 2023 exam.