IIBF JAIIB LRAB SYLLABUS & STUDY MATERIAL 2022
LRAB SYLLABUS & STUDY MATERIAL:- JAIIB Exams are conducted for persons who are already under the employment of banks. To qualify the JAIIB Exams to get you the benefit of one increment in advance and the Junior Associates are further eligible to write CAIIB afterwards which again gets them an increment of 1 year in advance.
If you are planning to write for JAIIB May 2022 then you will have to wait for IIBF notification to be out. The November 2021 exams that have been postponed to January 2022 have again been postponed. You can get the details on our website. (Note: Those who hadn’t registered for January 2022 attempt can’t sit for them as Jan registrations have been closed on 29 November 2021.
Note: Exams for Junior Associate are conducted by IIBF twice in one year, although due to the covid situation they are getting postponed. But IIBF keeps announcing the further dates & other exams of IIBF get conducted on schedule when the times are under control.
DB&F 2022 EXAM
Although Junior Associate Paper is only for the bankers that don’t mean a non-banker has lost the viable opportunity, assuming they plan to work in a bank in the near future. So, if you want to work in a bank, them you can surely prepare for the DBF that stands for Diploma in Banking & Finance. DBF is just another name (to distinguish the applicants) for JAIIB because the syllabus of both exams is one and the same. After you become a banker, you can get your DBF Certificate converted into JAIIB & then you will be eligible for the 1-year increment right on your joining!
Read Also:- IIBF JAIIB LRAB STUDY MATERIAL 2022
JAIIB LRAB SYLLABUS FOR 2022
The syllabus for Legal and Regulatory Aspects of Banking is divided into 4 modules, namely:
- Regulations & Compliance
- Legal Aspects of Banking Operations
- Banking Related Laws
- Commercials Laws with Reference to Banking Operations
You can read the detailed syllabus of LRAB paper from the table given after the Study Material given down below.
JAIIB LRAB LATEST STUDY MATERIAL 2022
Learning Sessions brings you an exclusive package of JAIIB LRAB Study Material. LRAB JAIIB Study material 2022 has been prepared by the expert faculty at Learning Sessions which teaches JAIIB subjects. As you know it comes in handy to have proper guidance & good resources for the preparation of JAIIB 2022, therefore, we, Learning Sessions, have brought you JAIIB’s LRAB paper Exams’ Study Material which is comprehensive & provides conceptual clarity & is enough to clear the said Exam in 1 attempt.
The collection of Learning Sessions JAIIB LRAB (as well as other JAIIB subjects) Study Material includes Online LRAB Live Classes, Recorded Video Lectures of Law, Epdfs on Law concepts, Mega Mock tests, Questions including questions from the previous year exams.
JAIIB LRAB Online Live Classes:
Learning Sessions online Live Classes cover all the topics of LRAB as per the latest & updated syllabus that is prescribed by IIBF. The lectures are delivered using bilingual (English mixed with Hindi) as well as only English so as to give you the choice to study in the language you are better able to understand.
JAIIB Video Courses:
JAIIB Video Courses by Learning Sessions are designed for those aspirants who cannot devote time for live classes. The Video course is available in two languages (are bilingual (English mix Hindi & English only). The Video Courses at Learning Sessions are recorded by the subject experts who have years of teaching experience.
JAIIB LRAB EPDFs
EPDFs are brief & handy sources for revising the syllabus after you have watched the LRAB videos. Learning Sessions Law EPDFs are available on our android application only as a complementary material that is available with the video pack only.
JAIIB Test Series 2022
When you prepare for the JAIIB Exams, it’s also crucial that do some self-assessment. And as IIBF doesn’t take any Mocks, you can go through the Test series on paper of law provided by Learning Sessions. There are more than 1500 questions available for you to solve that will surely increase your confidence once you solve them. These mock tests are prepared by the subject experts as per the LRAB updated syllabus and also include questions from the previous year’s papers.
You can even avail the Free LRAB Mock Tests that are available at IIBF.INFO by signing up.
Design of Learning Sessions JAIIB Course
We, Learning Sessions, have designed the JAIIB LRAB course with the help of subject experts who are well versed with Law 2022 syllabus of Junior Associates Exam. While preparing the LRAB material it has also been kept in mind that examination-oriented questions are focused in, which increases the chance of students to qualify. We consider all the below matters while we prepare the course:
- The Exam pattern & exam trends.
- JAIIB syllabus & the questions pattern that have been asked.
- Detailed explanation to provide conceptual clarity.
- Detailed explanation of Q & A with video solution is plus
- All the study material (videos, epdfs, tests) at one place
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JAIIB LRAB SYLLABUS FOR 2022:
|PAPER 3 – LEGAL & REGULATORY ASPECTS OF BANKING|
|MODULE A – REGULATIONS AND COMPLIANCE|
|Legal Framework of Regulation of Banks||The unit talks about the Business of Banking; Constitution of Banks; Banking Regulation Act, 1949; Reserve Bank of India Act, 1934; RBI’s role; Govt.’s role as a Regulator of Banks; Control over Co-operative Banks; Regulations imposed by other Authorities, etc.|
|Control over Organization of Banks||It tells us about the Licensing of Banking Companies; Branch Licensing; the requirement of Paid-up Capital & Reserves; Shareholdings in Banking Companies; Banking Companies’ Subsidiaries; Banking Company’s Chairman; Appointment of Additional Directors; Board of Directors; Control over the Management; Restrictions imposed on Employment; the meaning of Corporate Governance; Directors & Corporate Governance etc.|
|Regulation of Banking Business||The unit explains the Power of RBI to Issue Directions; Acceptance of Deposits; Loans & Advances; Regulation of rates of Interest; Regulation of Payment Systems; Nomination in the accounts; Guidelines related to Internet Banking; Regulation of Money Market Instruments; Maintenance of CRR & SLR, Reserve Funds; are some of the topics discussed in the unit.|
|Returns Inspection, Winding up, Mergers & Acquisitions||You will learn to deal with Annual Accounts & Balance Sheet; the meaning of Audit & who are Auditors; & the process of Submission of Returns; Preservation of Records & Return of Paid Instruments; what is the Board for Financial Supervision; Inspection & Scrutiny powers; Acquisition of Undertakings; Amalgamation of Banks; Winding up of Banks & Penalties for offences etc.|
|Public Sector Banks (PSBs) & Co-operative Banks||PSBs such as SBI and its Subsidiaries; Regional Rural Banks; Nationalized Banks; Application of BR Act to PSBs; Disinvestment of Shares by Govt. from the PSBs; Co-operative Banks are here in this unit.|
|Financial Sector Legislative Reforms||The Need for the reforms in legislature, Approach for Financial Sector Legislative Reforms & some Important Reforms that have taken place can be found in this section.|
|Recent Legislative Changes in RBI Act||This unit talks about the Recent Legislative Changes that has occurred in RBI Act, Need thereof.|
|Financial Sector Development Council||This section contains the Role & Functions of Financial Sector Development Council.|
|MODULE B – LEGAL ASPECTS OF BANKING OPERATIONS|
|Different Types of Borrowers||You will be reading the different categories of Borrowers; Limited Liability Partnership (LLP).|
|Types of Credit Facilities||Different types of Facilities by banks such as Overdraft, Cash Credit, Demand Loans, Term Loans (TLs) & Bill Finance are defined in this unit.|
|Secured & Unsecured Loans, Registration of Firms & Incorporation of Companies||This unit defines the meaning of Secured & Unsecured loans, why are Secured Loans needed; Registration process of Firms; what are the Consequences of not getting the Firms registered; Incorporation of a Company etc.|
|Indemnities||The unit talks all defines the Contract of Indemnity; features of Indemnity Contract & Guarantee; Obligations of a Banker; Scope & Application of Indemnity Contracts to Banks; Precautions to be taken by the indemnity holder & Rights of an Indemnity Holder|
|Bank Guarantees||Like other units, this unit also includes the definitions and kinds of Bank Guarantees, how it is a Banker’s Duty to Honor the Guarantees; Precautions to be taken while issuing Bank Guarantees & for the Payment of Bank Guarantee; their Invocation & Enforcement.|
|Letters of Credit (LC)||LC contains the General Considerations for Letters of credit; Parties involved in Letter of credit; Different types of Letters of credit; Documents required under Letter of credit; Banks obligation for the payment of Letter of credit; UCPDC 600.|
|Deferred Payment Guarantees||It tells us what purpose DPGs serves & the Methods of Payment|
|Laws Relating to Bill Finance||You will go through the Classes of Bills & Laws that Govern Bills; their Classification; their Categories; Bill Finance & Legal Position of Banker in this regard.|
|Various Types of Securities||The section gives insight on the types of Securities that are available in the market; Escrow Arrangements; Arrangements of Trust & Retention etc. that are included in this unit.|
|Laws Relating to Securities and Modes of Charging – I||This section particularly talks about the Mortgage, its types & how they are enforced in real life in this unit.|
|Laws Relating to Securities and Modes of Charging – II||It puts insight on the concepts of Pledge; Lien; & Hypothecation etc.|
|Registration & Satisfaction of Charges||This unit defines the meaning of Charge, Procedure to Register Charge; the effect of Not registering Charges; Various law provisions relating to Registration of Charges etc.|
|Case Laws on Responsibility of Paying Bank||The unit will have some Case Laws on Negotiable Instruments Act and Paying Banks; & will explain the Liability of Paying Banker; Payments done in due course & in Good Faith; whether Payments done by Mistake are recoverable or not.|
|Case Laws on Responsibility of Collecting Bank||It will provide information on how the Collecting Bank has Statutory protection & what are the Duties of Collecting Bank.|
|MODULE C – BANKING RELATED LAWS|
|Recovery of Debts due to Banks and Financial Institutions Act, 1993(DRT Act)||You will go through the various objective of the Act, Constitution of Tribunal, Procedure to be followed, Enforcement process etc|
|Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act (SARFAESI)||It includes the concepts such as Constitutional Validity; Definitions of various related terms; Central Registry; Enforcement of Security Interest; Regulation & Reconstruction; Offences & Penalties for offenses & some Miscellaneous Provisions.|
|Banking Ombudsmen Scheme||The scheme explains its main purpose; the extent of schemes’ applicability; Definitions of terms under used in it; Establishment of scheme; Powers & Procedure for Redressal of Grievance|
|Bankers Books Evidence Act, 1891||The act explains its applicability; Definitions under it and some Important Provisions of the act.|
|The Legal Services Authorities Act, 1987||This Act let us go through the system of Lok Adalats – the Organization; Jurisdiction; Disposal of Cases; & Awards etc.|
|The Consumer Protection Act, 1986 and CERSAI||The unit Introduces the said ACT, tells us the Extent & Definitions; Consumer Protection Councils; its Objectives; Agencies for Consumer Disputes Redressal; and important provisions of Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) etc.|
|The Law of Limitation||Limitation Act defines what is limitation; how the time is computed the said Limitation & some of the important Provisions in schedule to the Limitation Act.|
|Tax Laws||It explains the laws related to taxes such as Income Tax; Service Tax Commodity Transaction Tax etc.|
|Negotiable Instruments Act, 1881 &
Payment & Settlements Systems Act, 2007
|The Act provides us the information regarding Negotiable Instruments applicability; definitions; & some Important Provisions|
|MODULE D – COMMERCIAL LAWS WITH REFERENCE TO BANKING OPERATIONS|
|Indian Contract Act, 1872||The contract act provides the meaning and essentials of contract and explains concepts such as Contract of Indemnity & Rights of Indemnity Holder; Guarantee; Contract of Bailment; Contract of Pledge and Contract of Agency|
|The Sale of Goods Act, 1930||Various Features of the mentioned Act, & other related concepts such as Sale & Agreement to Sell, Conditions & Warranties attached to goods; Express & Implied; Rights of an unpaid Seller are among other things that are included in this unit.|
|Indian Partnership Act, 1932||This act defines various terms & the types of Partnerships; Relationship among the partners themselves & as well to the 3rd Parties; how a Minor is admitted to the benefits of partnership; how is a partnership firm gets Dissolved; Effect of not registering the firm; LLPs: Limited liability partnerships formation, their registration, rights and liabilities of partners|
|Definition & features of a company||The unit will read you the definition & provide you features of a Company and the differences b/w Company & Partnership|
|The Companies Act, 1956 (Now Companies Act, 2013)||The unit defines various terms, Features & companies’ categories; Memorandum & Articles of Association (MOA & AOA); Doctrine of Ultra Vires, Constructive Notice, Membership of Company Acquisition, Cessation, Indoor Management; Prospectus; Rights & Duties of Members, Directors; Wind up of Companies|
|Foreign Exchange Management Act, 1999||FEMA, 1999 defines some important Terms; Powers of Reserve Bank of India, Directorate of Enforcement, Regulation & Management.|
|Transfer of Property Act, 1882||This unit includes all about the Sale, Mortgage of Immovable Property; Sale with and without intervention of court; Types of Mortgages; Lease of Immovable Property|
|The Right to Information Act, 2005||RTI Act explains the acts applicability; Definitions and Important Provisions|
|Right to Information & Obligation of Public Authorities||This unit tells what are the Obligations; Procedures; Disposal procedure; procedure for filing Appeals, Execution of Orders; & Penalties etc are.|
|The Prevention of Money Laundering Act, 2002||PMLA, 2002 explains the overall obligations, the records that are required to be maintained; Procedure for Maintaining & Furnishing Information; Maintenance & Verifications of ID Records of Clients.|
|Information Technology Act, 2000||The unit talks about the definitions; defines Certifying Authorities; Electronic Governance; Certificates of Digital Signature; Penalties; Appeal.|
Other related links:
|JAIIB Paper Questions Legal Regulatory Aspects of Banking||Que|
|LRAB RECOLLECTED QUESTIONS FOR 2021-2022||Recollected|
|LRAB Mock Tests||Test|
|Legal & Regulatory aspects of Banking Short Notes Part 1||Part-1|
|JAIIB Previous Year Question Papers (PPB, LRAB & LRB) PDF Download||pdfs|
|JAIIB EXAM Free Study Material 2022 Edition: Download PDF|