JAIIB AFM study guide
JAIIB AFM · Work through your exam, one topic at a time.
JAIIB - also written JAIIB & DB&F - is a professional banking examination administered by the Indian Institute of Banking & Finance (IIBF). IIBF describes itself as established in 1928 as a company under Section 26 of the Indian Companies Act, 1913, with a mission to develop professionally qualified and competent bankers and finance professionals through education, training, examination, consultancy and continuing professional development programmes. The JAIIB AFM study guide has 4 sections and about 1,548 words.
01Principles & Practices of Banking
Principles & Practices of Banking examines how Indian banks are regulated and how they operate day to day: the RBI's powers, the categories of banks, statutory reserve requirements, priority sector lending, financial inclusion, KYC/AML and customer-service standards. Regulator and statutes.
393 words, about 2 min02Accounting & Finance for Bankers
Accounting & Finance for Bankers covers double-entry bookkeeping, the statutory format of a bank's final accounts, depreciation and bills of exchange, then moves to financial statement analysis, cost of capital and capital budgeting. Questions are computational rather than definitional.
369 words, about 2 min03Legal & Regulatory Aspects of Banking
Legal & Regulatory Aspects examines the statutes a banker applies daily: the RBI Act, 1934, the Banking Regulation Act, 1949, the Negotiable Instruments Act, 1881, the Indian Contract Act, 1872, SARFAESI, 2002, the RDDBFI Act, 1993, the IBC, 2016, the Limitation Act, 1963 and the PMLA, 2002. Section 5(b), BR Act: accepting, for the purpose of lending or investment, deposits of money from the public, repayable on demand or otherwise and withdrawable by cheque, draft, order or otherwise.
399 words, about 2 min04Retail Banking & Wealth Management
Retail Banking & Wealth Management tests the products a branch sells - deposits, home, auto, personal, education and gold loans, cards, mutual funds and insurance - together with the advisory process behind them: suitability, risk profiling, asset allocation and tax. Retail floating-rate loans are benchmarked to an external benchmark (repo-linked EBLR) since October 2019; term deposit rates are card rates, with negotiated rates for bulk deposits.
387 words, about 2 min