IIFCL Grade A study materials
IIFCL Grade A study resources

IIFCL Grade A study plan

IIFCL Grade A · Give each week a clear focus.

8 weeks · About 7 hours per week

Week 1

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

Week 2

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

Week 3

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

Week 4

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

Week 5

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

Week 6

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

Week 7

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

Week 8

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