IIFCL Grade A study plan
IIFCL Grade A · Give each week a clear focus.
8 weeks · About 7 hours per week
Professional Knowledge: Infrastructure Finance and Project Appraisal & Professional Knowledge: Financial Management, Accounting, and Banking
Map the DPR-to-financial-close lifecycle for a highway and a solar project, writing out each appraisal stage and the decision gate at which it can be stopped
Compute and interpret DSCR, ADSCR, LLCR, PLCR and interest coverage for one worked project cash-flow table, stating the lender-acceptable threshold for each
Distinguish recourse, non-recourse and limited-recourse structures and identify which security package fits each
Reconstruct the balance sheet, P&L and cash-flow statement linkage from a single set of opening balances without notes
Your checkpoint
A one-page ratio sheet with all five coverage ratios calculated for a self-built 12-year project cash flow, plus a 300-word note on which covenant each ratio would anchor
Professional Knowledge: Infrastructure Finance and Project Appraisal & Professional Knowledge: Financial Management, Accounting, and Banking
Break down a project's cost of capital using WACC with a project-specific beta and justify the risk premium chosen for Indian infrastructure
Apply sensitivity and scenario analysis to a base case, ranking variables by swing in project IRR and DSCR
Classify the main infrastructure sub-sectors (power, roads, ports, airports, water, urban transport) by revenue model, concession type and typical tenor
Explain the roles of IIFCL, NaBFID, NIIF and the RBI's project-finance provisioning norms in long-tenor lending
Your checkpoint
A tornado-style sensitivity table for the week-1 project identifying the three variables that most move DSCR, with a 200-word lender recommendation
General Awareness (with emphasis on Indian economy, banking, and infrastructure finance) & Professional Knowledge: Financial Management, Accounting, and Banking
Trace the transmission from RBI policy rate to repo, reverse repo, MSF, bank rate and CRR/SLR, and state the current values from memory
Explain NPA classification, SMA buckets, provisioning percentages by asset category, and the IBC resolution timeline
Summarise the budget and economic-survey infrastructure allocations and the National Infrastructure Pipeline and PM Gati Shakti framework
Recall key banking-sector regulators, deposit-insurance limits and priority-sector lending targets
Your checkpoint
A 40-item self-quiz on monetary policy, NPA norms and infrastructure schemes scored and error-logged, with every wrong answer rewritten as a correct one-line fact
Reasoning and Quantitative Aptitude & English Language
Solve data-interpretation sets (tables, bar and pie charts) under a 6-minute-per-set cap, tracking accuracy
Drill percentage, ratio, average and profit-loss shortcuts to a 45-second-per-question pace
Practise para-jumbles, cloze tests and error-spotting with a rule named for each correction
Write two 150-word précis of infrastructure-finance editorials, then compress each to 80 words
Your checkpoint
A timed 30-question mixed aptitude set and one 150-word précis, with an error log classifying every mistake as concept, speed or reading
Professional Knowledge: Infrastructure Finance and Project Appraisal & General Awareness (with emphasis on Indian economy, banking, and infrastructure finance)
Evaluate a concession agreement's risk allocation across demand, construction, currency, offtake and termination payments
Apply the RBI project-loan norms on DCCO extension, income recognition and provisioning to three worked scenarios
Identify the financing instruments available to infrastructure borrowers (ECB, masala bonds, InvIT, TOT, securitisation) and their regulatory limits
Explain credit-rating methodology for infrastructure and how a one-notch change alters pricing and DSCR headroom
Your checkpoint
A 500-word appraisal memo on a hypothetical port project covering risk matrix, structure, covenants and a go/no-go recommendation
Professional Knowledge: Financial Management, Accounting, and Banking & Reasoning and Quantitative Aptitude
Work through capital budgeting, leverage, dividend policy and working-capital cycle problems at exam speed
Reconcile a bank's key ratios (CRAR, CET-1, LCR, NIM, CASA) and state the regulatory minimum for each
Solve reasoning sets on syllogisms, seating arrangement and blood relations within a fixed time box
Memorise the classification of accounts, trial-balance treatment and the treatment of contingent liabilities
Your checkpoint
A two-hour mock covering Domain 5 and Domain 2, scored by section, with a written plan for the two weakest sub-topics
General Awareness (with emphasis on Indian economy, banking, and infrastructure finance) & English Language & Professional Knowledge: Infrastructure Finance and Project Appraisal
Consolidate current-affairs notes on infrastructure, banking and the economy from the past six months into flashcard form
Revise all Domain 4 formulas and appraisal checklists in a single condensed sheet
Practise reading-comprehension passages on economic topics at 8 minutes per passage with 80% accuracy
Rehearse descriptive-style answers on appraisal and risk in 150 words each
Your checkpoint
A 100-card revision deck and a one-page formula sheet, both self-tested to 90% recall
General Awareness (with emphasis on Indian economy, banking, and infrastructure finance) & Reasoning and Quantitative Aptitude & English Language & Professional Knowledge: Infrastructure Finance and Project Appraisal & Professional Knowledge: Financial Management, Accounting, and Banking
Sit two full-length mocks under exam timing and review each within 24 hours
Re-derive every missed calculation from the error logs of weeks 1 to 7
Recite current rates, limits and scheme figures without notes
Rehearse a fixed section-order and time-allocation strategy across both mocks
Your checkpoint
Two completed full mocks with section-wise scores, an error log closed out, and a final one-page exam-day strategy sheet
Milestones
Week 2: Can compute DSCR, LLCR and WACC unaided for a fresh project and explain each covenant's purpose in under 10 minutes
Week 4: Aptitude accuracy at or above 75% within the time cap, and both précis within word limits with no meaning drift
Week 5: Appraisal memo scores full marks against a self-made rubric covering risk matrix, structure, covenants and recommendation
Week 6: Domain 5 mock score at or above 60% and Domain 2 at or above 65%, with weak sub-topics named
Week 7: Revision deck recalled at 90% and formula sheet reproduced from memory in one sitting
Week 8: Both full mocks completed within time with overall score trending up and no repeated error category