CAIIB Syllabus 2025, Exam Pattern, Topics and Marking Scheme

The Indian Institute of Banking and Finance (IIBF) conducts JAIIB and CAIIB exams twice a year with the aim of improving the professional capabilities of workers in the banking and finance sector. The syllabus and test pattern of the Certified Associate Examination of the Indian Institute of Bankers (CAIIB) has been made public by the Indian Institute of Banking and Finance (IIBF). The main objective of this exam is to provide candidates with advanced knowledge in several important areas such as Credit Management, International Banking, Balance Sheet Management, Risk Management, Treasury Management and Economic Analysis. With this knowledge, candidates will be better equipped to make decisions in their professional roles. The updated CAIIB syllabus included in this post is available for 2025 candidates.

CAIIB Syllabus and Exam Pattern 2025

For further advancement, candidates who have cleared the JAIIB exam can prepare for the CAIIB exam 2025, which is administered by the Indian Institute of Banking and Finance. Bankers can get further promotions at all levels by clearing the CAIIB exam. It is imperative that applicants start their preparation with a comprehensive CAIIB syllabus. To get you started, we have included some basic facts about the CAIIB exam.

CAIIB Syllabus 2025 Exam Pattern
Exam conducting Body	Indian Institute of Banking & Finance (IIBF)
Exam Name	CAIIB Exam 2025
Category	Syllabus
Mode of Exam	Online
CAIIB Exam Date 2025	June Cycle – 1st, 14th, 22nd, 28th, 29th June 2025 November Cycle – 30th November, 7th, 13th, 14th 21st December 2025
Total questions	500
Total  Marks	500
Time Duration	2 hours for each 5 papers
Types of Questions	Multiple Choice Objective Type
Exam Level	National Level
Official Website	www.iibf.org.in

CAIIB Exam Pattern 2025

The CAIIB exam consists of five papers, four of which are compulsory and one of which is optional, as per the updated CAIIB exam pattern 2025. The main features of the CAIIB exam pattern are as follows:

1. The CAIIB examination is conducted in Online Mode only.
2. Each paper carries 100 multiple-choice questions of 100 marks.
3. The time duration allotted to complete each paper is 2 hours.
4. The exam paper will be bilingual i.e. both in English and Hindi Language.

S. No.	Papers	Total Questions	Total Marks	Time Duration
1	Advanced Bank Management	100	100	2 hours
2	Bank Financial Management	100	100	2 hours
3	Advance Business & Financial Management	100	100	2 hours
4	Banking Regulations and Business Laws	100	100	2 hours
5	Elective Paper	100	100	2 hours
Total		500	500	10 hours

IIBF CAIIB Syllabus 2025

The new IIBF CAIIB syllabus 2025 has five papers, four of which are compulsory and one of which is optional. Each paper is divided into modules. Out of the five optional papers, candidates can choose any one of them. It is recommended that candidates prepare for all the subjects and select the primary papers carefully. The following table provides the CAIIB syllabus 2025:

Paper 1- Advanced Bank Management

Paper 1 consists of four modules and they are as follows:

1. Module A- Statistics
2. Module B- Human Resource Management
3. Module C- Credit Management
4. Module D- Compliance in Banks and Corporate Government

The detailed syllabus for Paper 1 is given in the table below:

Compulsory Paper 1- Advanced Bank Management
Chapters	Topics
Module A- Statistics
Definition of Statistics, Importance & Limitations & Data Collection, Classification & Tabulation	Importance of Statistics; Functions of Statistics; Limitation or Demerits of Statistics; Definitions; Collection of Data; Classification and Tabulation; Frequency Distribution
Sampling Techniques	Random Sampling; Sampling Distributions; Sampling from Normal Populations; Sampling from Non Normal Populations; Central Limit Theorem; Finite Population Multiplier
Measures of Central Tendency & Dispersion, Skewness, Kurtosis	Arithmetic Mean; Combined Arithmetic Mean; Geometric Mean; Harmonic Mean; Median and Quartiles; Mode; Introduction to Measures of Dispersion; Range and Coefficient of Range; Quartile Deviation and Coefficient of Quartile Deviation; Standard Deviation and Coefficient of Variation Skewness and Kurtosis
Correlation and Regression	Scatter Diagrams; Correlation; Regression; Standard Error of Estimate
Time Series	Variations in Time Series; Trend Analysis; Cyclical Variation; Seasonal Variation; Irregular Variation Forecasting Techniques
Theory of Probability	Mathematical Definition of Probability; Conditional Probability; Random Variable; Probability Distribution of Random Variable; Expectation and Standard Deviation; Binomial Distribution; Poisson Distribution; Normal Distribution; Credit Risk; Value at Risk; Option Valuation
Estimation	Estimates; Estimator and Estimates; Point Estimates; Interval Estimates; Interval Estimates and Confidence Intervals; Interval Estimates of the Mean from Large Samples; Interval Estimates of the Proportion from Large Samples
Linear Programming	Graphic Approach; Simplex Method
Simulation	Simulation Exercise; Simulation Methodology
Module- B: Human Resource Management
Fundamentals of Human Resource Management	The Perspective; Relationship between HRM & HRD and their Structure and Functions; Role of HR Professionals; Strategic HRM; Development of HR Functions in India
Development of Human Resources	HRD and its Subsystems; Learning and Development – Role and Impact of Learning; Attitude Development; Career Path Planning; Self-Development; Talent Management; Succession Planning
Human Implications of Organisations	Human Behaviour and Individual Differences; Employees Behaviour at Work; Diversity at Workplace and Gender Issues; Theories of Motivation and their Practical Implications; ‘Role’ : Its Concept & Analysis
Employees’ Feedback and Reward System	Employees’ Feedback; Reward and Compensation System
Performance Management	Appraisal Systems; Performance Review and Feedback; Counselling; Competency Mapping and Assessment of Competencies; Assessment Centers; Behavioural Event Interview (BEI)
Conflict Management and Negotiation	Conflict: Concept & Definition; Characteristics of Conflict; Types of Conflicts; Reasons for Conflict; Different Phases of Conflict; Conflict Resolution; Conflict Management; Negotiation Skills for Resolution of Conflicts
HRM and Information Technology	Role of Information Technology in HRM; HR Information and Database Management; Human Resource Information System (HRIS); Human Resource Management System (HRMS); e–HRM; HR Research; Knowledge Management; Technology in Training; HR Analytics
Module- C: Credit Management
Overview of Credit Management	Importance of Credit; Historical Background of Credit in India; Principles of Credit; Types of Borrowers; Types of Credit; Components of Credit Management; Role of RBI Guidelines in Bank’s Credit Management
Analysis of Financial Statements	Financial Statements; Users of Financial Statements; Basic Concepts Used in Preparation of Financial Statements; Accounting Standards (AS); Legal Position Regarding Financial Statements; Balance Sheet; Profit and Loss Account; Cash Flow Statement; Funds Flow Statement; Projected Financial Statements; Purpose of Analysis of Financial Statements by Bankers; Rearranging the Financial Statements for Analysis; Techniques used in Analysis of Financial Statements; Creative Accounting; Related Party Transactions
Working Capital Finance	Concept of Working Capital; Working Capital Cycle; Importance of Liquidity Ratios; Methods of Assessment of Bank Finance; Working Capital Finance to Information Technology and Software Industry; Bills/Receivables Finance by the Banks; Guidelines of RBI for Discounting/Rediscounting of Bills by Banks; Trade Receivables Discounting System (TReDS); Non-Fund Based Working Capital Limits; Other Issues Related to Working Capital Finance
Term Loans	Important Points about Term Loans; Deferred Payment Guarantees (DPGs); Difference between Term Loan Appraisal and Project Appraisal; Project Appraisal; Appraisal and Financing of Infrastructure Projects
Credit Delivery and Straight Through Processing	Documentation; Third-Party Guarantees; Charge over Securities; Possession of Security; Disbursal of Loans; Lending under Consortium/Multiple Banking Arrangements; Syndication of Loans; Straight Through Loan Processing or Credit Underwriting Engines
Credit Control and Monitoring	Importance and Purpose; Available Tools for Credit Monitoring/Loan Review Mechanism (LRM)
Risk Management and Credit Rating	Meaning of Credit Risk; Factors Affecting Credit Risk; Steps taken to Mitigate Credit Risks; Credit Ratings; Internal and External Ratings; Methodology of Credit Rating; Use of Credit Derivatives for Risk Management; RBI guidelines on Credit Risk Management; Credit Information System
Restructuring/Rehabilitation and Recovery	Credit Default/Stressed Assets/NPAs; Wilful Defaulters; Non-cooperative borrowers; Options Available to Banks for Stressed Assets; RBI Guidelines on Restructuring of Advances by Banks; Available Frameworks for Restructuring of Assets; Sale of Financial Assets
Resolution of Stressed Assets under Insolvency and Bankruptcy Code 2016	Definition of Insolvency and Bankruptcy; To Whom the Code is Applicable; Legal Elements of the Code; Paradigm Shift; Corporate Insolvency Resolution Process; Liquidation process; Pre-packed Insolvency Resolution Process for stressed MSMEs
Module – D: Compliance in Banks and Corporate Government
Compliance Function in Banks	Compliance Policy; Compliance Principles, Process and Procedures; Compliance Programme; Scope of Compliance Function; Role & Responsibilities of Chief Compliance Officer (CCO)
Compliance Audit	Role of Risk Based Internal Audit and Inspection; Reporting Framework and Monitoring Compliance; Disclosure Requirements; Accounting Standards; Disclosures under Listing Regulations of SEBI
Compliance Governance Structure	Organizational Structure; Responsibility of the Board and Senior Management; Compliance Structure at the Corporate Office; Functional Departments; Compliance Structure at Field Levels; Internal Controls and its Importance
Framework for Identification of Compliance Issues and Compliance Risks	Compliance Issues; Compliance Risk; Inherent Risk and Control Risk; Independent Testing and Effective Audit Programme; Reporting Framework and Monitoring Compliance; Role of Inspection and Audit; Loan Review Mechanism/Credit Audit; What is Good Compliance
Compliance Culture and GRC Framework	How to Create Compliance Culture Across the Organisation; Governance, Risk and Compliance – GRC Framework; Benefits of an Integrated GRC Approach; Whistle-blower Policy; The Components of a Whistle-blower Policy; Reasons for Compliance Failures
Compliance Function and Role of Chief Compliance Officer in NBFCs	Framework for Scale Based Regulation for Non-Banking Financial Companies; Transition Path; Framework for Compliance Function and Role of Chief Compliance Officer in Non-Banking Financial Companies in Upper Layer and Middle Layer (NBFC-UL & NBFC-ML)
Fraud and Vigilance in Banks	Definition of Fraud; Definition of Forgery; Areas in which Frauds are committed in Banks; Banking and Cyber Frauds; Fraud Reporting and Monitoring System; Vigilance Function in Banks; RBI Guidelines for Private Sector and Foreign

Paper 2 – Bank Financial Management

There are four modules in Paper-2, and they are as follows:

1. Module A- International Banking
2. Module B- Risk Management
3. Module C- Treasury Management
4. Module D- Balance Sheet Management

The syllabus for Paper-2 is given in detail in the table below:

Compulsory Paper – 2: Bank Financial Management
Chapter	Topics
Module – A: International Banking
Exchange Rate and Forex Business	Foreign Exchange – Definition and Markets; Factors Determining Exchange Rates; Exchange Rate Mechanism; Foreign Exchange Dealing Room Operations; Derivative Products; RBI / FEDAI Guidelines; Foreign Exchange Arithmetic – Concepts and Examples
Liberalised Remittance Scheme (LRS) and other Remittance Facilities for Residents	Capital Account Transactions and Current Account Transactions; Key Sections under FEMA vis-à-vis Liberalized Remittance Scheme; Permissible/Non-permissible Remittances under LRS; Operational Guidelines; Remittances under LRS for Current Account Transactions; Tax Collected at Source (TCS); LRS vis-à-vis Capital Account Transactions; Reporting Requirements under LRS
Correspondent Banking and NRI Accounts	Correspondent Banking – Accounts and other Services; Nostro, Vostro and Loro Accounts; Electronic Modes of Transmission/Payment Gateways – SWIFT, CHIPS, CHAPS, RTGS, etc.; NRI Banking; NRI accounts – Rupee and Foreign Currency Accounts; Facilities to NRIs; Advances to Non-Residents against Non-Resident Deposits; Housing Loans to Non-Resident Indians
Documentary Letters of Credit	Definition of Letter of Credit; Types of Letters of Credit; Operations of Letter of Credit; UCP 600 and Important Articles; Liabilities, Responsibilities and Rights of the Parties; Documents under LC – Scrutiny, Crystallization, Follow-up for Bills under LC and Safeguards for Banks; Risks Relating to LC Transactions; Standby Letter of Credit (Similar to Guarantees); Uniform Rules for Bank-to-Bank Reimbursements (URR–725); International Standard Banking Practice – 745 (ISBP 745); Incoterms; Case Studies
Facilities for Exporters and Importers	Exchange and Trade Control Guidelines for Exporters; Facilities for Exporters;; Export Finance; Gold Card Scheme for Exporters; Export Data Processing and Monitoring System (EDPMS); Factoring and Forfaiting; Exchange and Trade Control Guidelines for Importers; Import Finance; Import Data Processing and Monitoring System (IDPMS); Trade Credit – Supplier’s Credit and Buyer’s Credit; Case Study on Export Finance
External Commercial Borrowings and Foreign Investments in India	External Commercial Borrowings – Concepts; ECBs – Other Operational Concepts; Reporting Requirements; Conversion of ECB into Equity; Foreign Investments; Key Concepts; Eligible Foreign Investors; Eligible Investee Entities; Eligible Investment Instruments; Prohibited Sectors; Rules Governing Pledge of Shares; Operational Guidelines; Snap Shot of Non-Debt Instruments (NDI) Rules; List of Documents for Obtention of Foreign Investments; List of Documents for Refund of Foreign Investments Risks in Foreign Trade – Role of ECGC Definition of Risk and Risks in International Trade; Country Risk; Export Credit Insurance in International Trade; ECGC Role and Products; ECGC Policies; ECGC’s Products for Banks; Other Aspects Relating to ECGC Policies and Guarantees; Some of the Common “To Do Points” under ECGC Policies; Claims
Role of EXIM Bank, Reserve Bank of India, Exchange Control in India – FEMA, FEDAI and Others	EXIM Bank – Role, Functions and Facilities; Reserve Bank of India – Role and Exchange Control Regulations in India; Foreign Exchange Management Act (FEMA) 1999; Role of FEDAI and FEDAI Rules; Short Notes on Other Topics: ECB and ADR/GDRs and FCCB;
International Financial Service Centres (IFSC), GIFTCity	Scope of IFSC in India; Opportunities at Gift City; Guidelines relating to setting up of IFSC Banking Units (IBUs); Role of IFSCA ; Regulatory Framework; Permissible Activities at IBUs; Relaxations for the FPI  (Foreign Portfolio Investors) Entities at GIFT City
Technology in International Banking	Introduction to Digitization in International Banking – An Overview, Evolution of Technology in International Banking; Benefits and Limitations of Technology in International Banking; Digital Platforms in International Banking; FINTECH and evolution of FINTECH in International Banking; Delivery channels under FINTECH in International Banking; Sample process of International Trade Using Blockchain Technology; Challenges in FINTECH
Module – B: Risk Management
Risk and Basic Risk Management Framework	What is Risk?, Linkages aamong Risk, Capital and Return; Why Risk Management? Basic Risk Management Framework
Risks in Banking Business	Risk Identification in Banking Business; The Banking Book; The Trading Book; Off-Balance Sheet Exposures; Banking Risks – Definitions
Risk Regulations in Banking Industry	Regulation of Banking Industries – Necessities and Goals; The Need for Risk-based Regulation in a Changed World Environment; Basel I: The Basel Capital Accord; 1996 Amendment to Include Market Risk; Basel II Accord – Need and Goals; Basel II Accord; Towards Basel III; Capital Charge for Credit Risk; Credit Risk Mitigation; Capital Charge for Market Risk; Capital Charge for Operational Risk; Pillar 2 – Supervisory Review Process; Pillar 3 – Market Discipline; Capital Conservation Buffer; Leverage Ratio; Countercyclical Capital Buffer; Systemically Important Financial Institutions (SIFIs); Risk Based Supervision
Market Risk	Market Risk – Concept; Market Risk in Banks; Market Risk Management Framework; Organisation Structure; Risk Identification; Risk Measurement; Risk Monitoring and Control; Risk Reporting; Managing Trading Liquidity; Risk Mitigation
Credit Risk	General; Credit Risk Management Framework; Organisation Structure; Risk Identification; Risk Measurement; Credit Risk Control and Monitoring; Credit Risk Policies and Guidelines at Transaction Level; Credit Control and Monitoring at Portfolio Level; Active Credit Portfolio Management; Controlling Credit Risk through Loan Review Mechanism (LRM); Credit Risk Mitigation; Securitisation; Credit Derivatives (CDs)
Operational Risk and Integrated Risk Management	Operational Risk – General; Operational Risk – Classification; Operational Risk Classification by Event Type – Definitions; Operational Risk Management Practices; Management Overview and Organisational Structure; Processes and Framework; Risk Monitoring and Control Practices; Operational Risk Qualification; Operational Risk Mitigation; Scenario Analysis; Integrated Risk Management; The Necessity of Integrated Risk Management; Integrated Risk Management – Challenges; Integrated Risk Management – Approach
Liquidity Risk Management	Liquidity Risk Management – Need & Importance; Potential Liquidity Risk Drivers; Types of Liquidity Risk; Principles for Sound Liquidity Risk Management; Governance of Liquidity Risk Management; Liquidity Risk Management Policy, Strategies and Practices; Management of Liquidity Risk; Ratios in respect of Liquidity Risk Management; Stress Testing; Contingency Funding Plan; Overseas Operations of the Indian Banks’ Branches and Subsidiaries and Branches of Foreign Banks in India; Broad Norms in Respect Of Liquidity Management; Liquidity Across Currencies; Management Information System; Reporting to the Reserve Bank of India; Internal Controls
Basel III Framework on Liquidity Standards	Liquidity Coverage Ratio; Liquidity Risk Monitoring Tools; Net Stable Funding Ratio
Module – C: Treasury Management
Introduction to Treasury Management	The Concept; Functions of Integrated Treasury; The Process of Globalisation; Evolving Role of Treasury as Profit Centre; Organisation of Treasury
Treasury Products	Products of Foreign Exchange Markets; Money Market Products; Securities Market Products; Domestic and Global Markets
International Equity and Debt Products	Regulatory Environment; Global Depository Receipts; Indian Depository Receipts; External Commercial Borrowings; Trade Credits; Rupee Denominated Bonds
Funding and Regulatory Aspects	Reserve Assets: CRR and SLR; The Liquidity Adjustment Facility (LAF); Payment and Settlement Systems
Treasury Risk Management	Supervision and Control of Treasury; Market Risk and Credit Risk; Risk Measures: VaR and Duration; Use of Derivatives in Risk Management
Derivative Products	Derivatives and the Treasury; OTC and Exchange Traded Products; Forwards, Options, Futures and Swaps; Interest Rate and Currency Swaps; Developments in Indian Markets and RBI Guidelines on Risk Exposure
Treasury and Asset-Liability Management	Meaning of Asset-Liability Management (ALM), Liquidity Risk and Interest Rate Risk, Role of treasury in ALM, Use of derivatives in ALM, Credit risks and Credit Derivatives, Transfer pricing, Policy Environment
Module – D: Balance Sheet Management
Components of Assets and Liabilities in Bank’s Balance Sheet and their Management	Components of a Bank’s Balance Sheet; What is Asset Liability Management?; Significance of Asset Liability Management; Purpose and Objectives of Asset Liability Management; ALM as Co-ordinated Balance Sheet Management
Capital Adequacy – Basel Norms	Scope of Application; Pillar-1 – Minimum Capital Requirements Pillar 2- Supervisory Review Process Pillar 3 – Market Discipline
Asset Classification and Provisioning Norms	Asset Classification; Provisioning Norms
Liquidity Management	Definition; Dimensions and Role of Liquidity Risk Management; Measuring and Managing Liquidity Risk
Interest Rate Risk Management	Essentials of Interest Rate Risk; Sources of Interest Rate Risk; Effects of Interest Rate Risk; Measurement of Interest Rate Risk; Interest Rate Risk Measurement Techniques; Strategies for Controlling Interest Rate Risk; Controls and Supervision of Interest Rate Risk Management; Sound Interest Rate Risk Management Practices; RBI’s Draft Guidelines on Interest Rate Risk in Banking Book
RAROC and Profit Planning	Profit Planning; Risk Aggregation and Capital Allocation; Economic Capital and RAROC

Paper 3 – Advanced Business & Financial Management

Paper-3 consists of four modules and they are as follows:

1. Module A- The Management Process
2. Module B- Advanced Concept of Financial Management
3. Module C- Valuation, Merger, and Acquisitions
4. Module D- Emerging Business Solutions

The detailed syllabus of Paper-3 is given below in the table:

Compulsory Paper – 3: Advanced Business & Financial Management
Chapter	Topics
Module – A: The Management Process
Basics of Management	Definition of Management, The Management Process, Functions of Management, Importance of Management, Management Thoughts & Approaches, Management Challenges & Opportunities, Introduction to Strategic Management, Business Environment Analysis
Planning	Fundamentals of Planning, Steps in Planning, Importance of Planning, Advantages and disadvantages of planning, Management by Objectives, Plan Components, Contingency planning, Forecasting & Decision Making
Organizing	Introduction and Fundamentals of Organizing, Importance of Organisation, Stages in Organising Process, The Organising Process, Principles of organizing, Types of Organisations, Organisation structure, Organisation charts and manuals, The Organisation culture, Authority & Responsibility, Key Issues in Organisation Structure, Organisational Change, Conflict Dynamics
Staffing	Functions of Staffing, Objectives of staffing, Nature of staffing, Facets of staffing, Significance of staffing, System approach to staffing, Recruitment, Selection, Training, Retention and development, Knowledge and learning management, Performance Appraisal, Human Resource Development
Directing	Characteristics of directing, Importance of directing, Elements of directing, Leadership, Motivation, Communication, Supervision
Controlling	Basics of Controlling, Characteristics of controlling, Advantages of controlling, Limitations of controlling, Types of control management, Control process, Relation between planning and control, Control Techniques, Control technique and Information Technology
Module – B: Advanced Concept of Financial Management
Sources of Finance and Financial Strategies	Equity Capital, Internal Accruals, Preference Capital, Term Loans, Debentures, Alternative Financing Strategies in the Context of Regulatory Requirements
Financial and Operating Leverages	Financial Leverage, Degree of Financial Leverage and its Behaviour, Operating Leverage, Degree of Operating Leverage and its Behaviour, Combined or Total Leverage
Capital Investment Decisions	Objective of capital investment decisions, Estimation of project cash flows, Forecasting and its relation to regulation of capital for short, medium and long term periods, Relationship between sales, production and other functional budgets, Cash Forecasts, Cost analysis for projects, Methods of Investment appraisal; Social Cost Benefit Analysis
Capital Budgeting for International Project Investment Decisions	Foreign Investment Analysis, Special Considerations-Foreign & Home Currency Cash Flows, Foreign Currency Discount Rates Computation, International Portfolio Investment and Institutional Constraints, Direct and Indirect Channels for International Portfolio Investment, Exchange and Country Risk, Return and Risk of Foreign Investment, Capital asset pricing model, Arbitrage pricing theory; International Capital Budgeting Issues involved in overseas projects, Approaches for evaluation of overseas projects, Evaluation methods, , Impact of transfer pricing
Adjustment of Risk and Uncertainty in Capital Budgeting Decision	Sources & Perspectives on Risk, Sensitivity Analysis, Scenario Analysis, Hillier Model, Simulation Analysis, Decision Tree Analysis, Corporate Risk Analysis, Managing Risk, Project Selection Under Risk, Risk Analysis in Practice
Decision Making	Decision Making using Cost-Volume-Profit (CVP) Analysis, Decision Making using Relevant Cost Concepts, Decision Making using Activity Based Costing, Ethical and Non-Financial Considerations Relevant to Decision Making
Module – C: Valuation, Merger, and Acquisitions
Corporate Valuations	Approaches to Corporate Valuation, Adjusted Book Value Approach, Stock and Debt Approach, Direct Comparison Approach, Discounted Cash Flow Approach, Steps involved in valuation using DCF Approach,
Discounted Cash Flow Valuation	Estimating Inputs, Approaches to Discounted Cash Flow Models, Various discounted Cash Flow Models, Dividend Discount Model, Applicability of the Dividend Discount Model,
Other Non-DCF valuation models	Relative valuation model, Equity Valuation Multiples Model, , Enterprise value multiples Model, Choosing the right multiples, Book value approach Model, Stock and debt approach
Special cases of valuation	Intangibles –Brand, Human valuation etc., Real estate Firms, Start-up firms, Firms with negative or low earnings, Financial Service companies, Distressed firms, Valuation of cash and cross holdings, Warrants and convertibles, Cyclical & non-cyclical companies, Holding companies, E-commerce firms
Mergers, Acquisitions and Restructuring	Types of Transactions, Reasons for Merger, Mechanics of a Merger, Costs and Benefits of a Merger, Exchange Ratio in a Merger, Purchase of a Division / Plant, Takeovers, Leveraged Buyouts, Acquisition Financing, Business Alliances, Managing Acquisitions, Divestitures, Holding Company, Demergers Deal structuring and financial strategies Negotiations, Payment and legal considerations, Tax and accounting considerations, Tax reliefs and benefits in case of Amalgamation in India, Financial reporting of business combinations, Deal Financing, Financing of cross border acquisitions in India
Module – D: Emerging Business Solutions
Hybrid Finance	Advantages and disadvantages of Hybrid securities, Types of hybrid securities, Preference Share Capital, Features of Warrants, Features of Convertible Debentures, Differences between Warrants and Convertible debentures, Valuation of Warrants, Valuation of Compulsorily Convertible (Partly or fully) Debentures, Objective of issuing Warrants and Convertible debentures, Features of Foreign Currency, Convertible Bond (FCCB), Mezzanine Financing, Innovative Hybrids
Start-up Finance	Benefits to startup under the Startup Plan, Startup definition in India, Challenges faced by Startups, State Startup Policy, Pitch Presentation, Programmes and competitions for startups, Tax exemptions, Funding, Investor’s outlook in Startups, Funding schemes and programmes, International challenges and bridges
Private Equity and Venture Capital	Characteristics of Venture Capital Investments, Characteristics shared by Private Equity and Venture Capital as well as their key distinctions, Financing options available through Venture Capital, Investment in Private equity, Benefits obtained through private equity, Drawbacks to the practice of private equity, Due diligence, Exit Strategies
Artificial Intelligence	History of Artificial Intelligence, Applicability of Artificial Intelligence, Artificial Intelligence in Banking and Finance, The future scope of Artificial Intelligence, Neural Networks, Control Theory and Cybernetics, Rational Agents, Motion and Manipulation, Tools and Techniques of Artificial Intelligence, Artificial Intelligence and Morality
Business Analytics as Management Tool	Essentials of Business analytics, Types of Analytics, Elements of Business Analytics, Big Data Analytics, Web and Mobile Analytics, Comparing web Vs Mobile Analytics, Importance of Business Analytics
Green and Sustainable Financing	ISO Standards for Green Finance, Building Green Finance, International Best Practices towards Green Finance, Public Policy in India, Progress of Green Finance in India, Challenges and way forward, Growth of Regulatory Framework, National Efforts towards Green and Sustainable Financing, RBI Views on Climate Risk and Sustainable Finance
Special Purpose Acquisition Company	Advantages of SPAC, Disadvantages of SPAC, SPAC Formation and Timelines, The SPAC Merger, Stakeholders, Characteristics of SPACs, Process, SPAC Capital Structure, Trust Account, Warrants, Forward Purchase, IPO Agreements, De-SPAC Process

Elective Paper 1  – Rural Banking

The four modules that make up optional paper-one are as follows:

1. Module A- A Rural India
2. Module B- Financing Rural Development
3. Module C- Priority Sector Financing and Government initiatives
4. Module D- Problems and prospects in Rural Banking

The following table gives the comprehensive syllabus for Elective Paper-1:

Elective Paper – 1: Rural Banking
Chapters	Topics
Module – A: Rural India
Demographic feature	Population, occupation, literacy, socio-economic development indicators Health, nutrition, and education, – urban migration.
Characteristics of Rural Society	Caste and power structure – rural social stratification, Economic Features The economic life of rural people, share in National income Trends in per capita income, rural money markets, rural indebtedness, rural poverty Main causes and methods of measuring rural poverty.
Rural infrastructure	Transport, Power, Markets and other services. Agriculture Economy Structure and characteristics of Indian agriculture, Role of agriculture in economic development, agriculture Industry linkages, Resources and technical changes in agriculture, constraints to agriculture development, Emerging issues in Indian Agriculture. Rural Development Policy: Govt. policies and programs for rural farm and non-farm sectors Economic reforms and their impact on the rural economy.
Rural Issues	Development issues, Management Issues, Marketing issues, Pricing issues
Module – B: Financing Rural Development
Regulation of Rural Financial Services	Function and policies of RBI in Rural Banking, NABARD Main functions The role, refinance support. Lead bank approach State-level and District Level Credit committees
Rural Credit Institutions	Co-operative Credit Societies and Banks, Land Development Banks, Regional Rural Banks, Commercial Banks Role of Information and communication technologies in rural Banking-Models Financial inclusion & inclusive growth for rural development banking Rural insurance micro-insurance scheme, the concept of Business Facilitators and Business Correspondents in rural financing
Financing agriculture/ allied activities	Crop Loans Assessment, Sanction, Disbursement, replacement Term loans for irrigation, farm mechanization, Godowns/ cold-storage facilities, etc Financing allied agriculture activities like Horticulture, Fisheries, Social forestry, etc Finance against Warehouse/ cold storage receipts
Financing Rural Non-Farm Sector (RNFS)	Importance of RNFS, Segments in RNFS Role of Development and Promotional Institutions in RNFS
SME Finance	Definition of SME. Importance to the Indian economy Financing of SME and small enterprise Refinance from SIDBI Project funding techniques and requirement assessment Cluster-based approach and joint finance with SIDBI MSMED Act 2006, CGTMSE, Working capital assessment of SMEs Risk rating of SME proposals, the role of rating agencies, and rating methodology Revival of sick units; revival package and implementation, Stressed assets under rehabilitation Debt restructuring mechanism for SMEs.
Module – C: Priority Sector Financing and Government Initiatives
–	Components of priority sector RBI guidelines.
Government initiatives	Poverty alleviation programs/ Employment programs/ Production oriented programs-rationale and philosophy, progress and impact, problems and deficiencies Rural housing and Urban housing schemes under priority sector, they’re equity refinance, Educational loans
Module – D: Problems and prospects in Rural Banking
Role of rural banking	Problems of Rural branches of Commercial banks – transaction costs and risk costs. Technology-based Financial Inclusion. Emerging trends in rural banking-financing poor as a bankable opportunity, Micro Credit, Self Help Groups/ NGOs, linkages with banking, latest guidelines of GOI and RBI.

Elective Paper 2  – International Banking

The four modules that make up optional paper-2 are as follows:

1. Module A-  International Banking and Finance
2. Module B-  Foreign Exchange Business
3. Module C-  International Trade
4. Module D-  Derivatives

The complete syllabus of Optional Paper-2 is given in the table below:

Elective Paper – 2: International Banking
Chapters	Topics
Module – A: International Banking and Finance
International Banking	Global Trends and Developments in International Banking International Financial Centres, Offshore Banking Units, SEZs Profitability of International Banking operations Correspondent Banking and inter – Bank Banking Investment Banking, Wholesale Banking, Retail Banking, Merchant Banking International Financial Institutions: IMF, IBRD, BIS, IFC, ADB Legal and regulatory aspects Risk Management
International Finance	Fundamental Principles of Lending to MNCs, documentation, and Monitoring International Credit Policy Agencies and Global Capital Markets Raising resources: Availability features and risks of various Equity and debt products like ECBs, ADRs, ECCBs and other types of Bonds, etc., Syndication of loans Project and Infrastructure Finance: Investments both in India (FII & FDI) and abroad, Joint ventures abroad by Indian Corporates. Investment opportunities abroad for resident Indians. Financing of mergers and acquisitions
Module – B: Foreign Exchange Business
–	Foreign Exchange Management Act (FEMA) and its philosophy Different types of Exchange Rates RBI and FEDAI: their role in regulating Foreign Exchange Business of Banks/ other Authorized Dealers. Rules regarding rate structure, cover operations, dealing room activities, and risk management principles, including correspondent Bank arrangements NRI customers and various banking and investment products available to them under FEMA Remittance facilities
Module – C: International Trade
Regulations covering international trade	Various Aspects of International Trade, Government policies, DGFT and their schemes, Customs procedures, Banks’ role in implementing these policies and schemes WTO – its impact Balance of payment, the balance of trade, Current account, and capital account convertibility. Documents used in Trade: bill of exchange, invoice, Bill of lading, Airways bill, Insurance policy, etc Role of Banks in Foreign Trade Letters of credit; importance in international trade, various types of LCs, settlement of disputes, UCP 600, INCOTERMS Exchange control relating to foreign trade. Returns required to be submitted to RBI
Import/ Export Finance	Laws governing trade finance i.e. FEMA, NI Act, Indian Stamp Act, EXIM policy, RBI/ FEDAI guideline Role of Banks, including EXIM Bank, in financing Foreign Trade, various facilities to Exporters and importers including project finance, Forfaiting, and Factoring Risks involved in foreign trade finance: Country risk, Currency risk, Exchange risk, legal risk, etc., Role of ECGC
Module – D: Derivatives
–	Treasury operations of banks and corporates Derivatives as hedging instruments, types of instruments available in the Indian Market. RBI rules and guidelines regarding derivatives Mathematics of derivative valuation and pricing Risk assessment of derivatives, Lessons from the recent crisis in the derivatives market.

Elective Paper 3  – Information Technology

The four modules that make up optional paper-3 are as follows:

1. Module A- Introduction to Information Technology
2. Module B- Systems and Design
3. Module C- Applications in Banking
4. Module D- Security, Controls, and Guidelines

The following table gives the comprehensive syllabus for the third elective class:

Elective Paper – 3: Information Technology
Chapters	Topics
Module – A: Introduction to Information Technology
Impact of IT on Banking	Changing Financial Environment and IT as a Strategic Response Hardware (H/ W) Software: (S/ W)
System Software	Operating Systems (Desktop OS/ Server OS) Windows (Desktop/ Server)/ UNIX (H. P. Unix, Sun Solaris, Linux, IBM AIX)
Computer Languages	1st Generation Languages (Assembly), 2nd Generation (FORTRAN, ALGOL, COBOL) 3rd Generation (C, C++, C# and JAVA, etc.) and 4th Generation Languages (Clipper, Power Builder, SQL, etc.) and 5th Generation Languages (Logic Programming Languages) Database Management System and Relational Database Management Systems (Oracle10g, MS SQL-2005, MySQL) Application Servers (Oracle 10AS, BeWeblogic, WebShare ) Web Servers (IIS, Apache, etc.) Web Browsers (IE 7.0, Firefox, etc.)
Application Software	Packaged Software, Custom-built Software, etc. Computer Networks Equipment & Data Communication
Computer Networks	Network Layers, Topologies, Protocols, IP Address Mechanisms, LAN, WAN, VLAN Intranet, Extranet, Internet, Network Equipment: Cables (BNC, Twisted Pair, Fibre Optics) Connectors, I/Os, Patch Panel, Jack Panels, Network Racks.
Module – B: Systems and Design
Systems and Design	Systems Design & Analysis Data modeling, Entity Relationships, Generic Data Modeling Semantic Data Modeling Normalization (from 1st to 3rd and BCNF, 4th & 5th level of normalization) Software Development Life Cycle (SDLC) Various phases of SDLC, In-house/ Out-sourcing, Software Project Management, Computer-Aided Software Engineering (CASE) Tools. System Architecture: Clients (Hardware/ Software), Servers (Hardware/ Software) Client-Server Architecture, 3 Tier Architecture, N-Tier Architecture, etc. Data Warehousing – Data Mining tools
MIS and Organization Support Systems	DSS, EIS, GDSS, Groupware, and Multimedia Business Intelligence Expert Systems, Artificial Neural Networks (ANN) Grid Computing, Virtualization and Consolidation
Module – C: Applications in Banking
Applications in Banking	Centralized Banking System/ Core Banking System/ System Administration, Database Administration Application Server and Application Administration, Network Administration, Domains, ISPS, Hosting, Data Downloads/ Uploads Bandwidths, Data Centre, Data Storage Devices, Data Backups/ Restoration Disaster Recovery Centre Delivery Channels – ATM, EFTPOS, Phone Banking, Internet Banking, SMS Banking Mobile Banking, Credit/ Debit Cards, Smart Cards E-Mails, SMS alerts
E-Commerce	Secure Electronic Transfer (SET), Payment Gateways (Credit card/ Debit cards), Authentication of payments, etc. PKI – CCA, CA, RA, Digital Certificate, Digital Signature, Non-repudiation of Origin, Nonrepudiation of Receipt Service – Level Agreement
Module – D: Security, Controls, and Guidelines
Threats to Information System	Physical (Insiders/ outsiders) ii) Viruses, Worms, Trojan horse, Malware, Software bombs, Phishing, Spoofing, Spamming, denial of service attacks, etc Information System Security Measures, Policy, controls, ISO, 17799, BS7799, IS4477, IS Audit, BCP/ DRP, IT Act 2000 Basel guidelines for E-banking, Various RBI Committee Reports on Information Systems.
IT Service Delivery & Support	Service level management practices, Operations management – workload scheduling, network services management Preventive maintenance, Systems performance monitoring process tools, techniques, Functionality of hardware, software, database Drafting of RFP, system specifications, SLAs, Capacity planning & monitoring Change management processes/ scheduled, emergency in the configuration of production systems, application of patches, releases, etc Incident & problem management practices, System resiliency tools, and techniques – fault tolerance, elimination of single point of failure, clustering

Elective Paper 4  – Risk Management

The five modules that make up elective paper-4 are as follows:

1. Module A- An overview
2. Module B- Credit Risk Management
3. Module C- Operational Risk
4. Module D- Market risk
5. Module E- Risk Organization and Policy

The following table gives the comprehensive syllabus for the fourth elective class:

Elective Paper – 4: Risk Management
Chapters	Topics
Module – A: An overview
Risk definition/ policies	Risk Process-Risk Organization Key risks – Credit risk, market risk, operational risk, liquidity risk, legal risk, interest rate risk, and currency risk
Asset Liability Management	ALM Concept ALM organization ALCO techniques/ tools Simulation, Gap, Duration analysis, Linear and other statistical methods of control
Risk measurement & Control	Calculation Risk exposure analysis Risk management/ mitigation policy Risk immunization policy/ strategy for fixing exposure limits Risk management policy and procedure Risk-adjusted return on capital Capital adequacy norms
Risk management	Capital adequacy norms Prudential norms Exposure norms Concept of Mid office Forwards Futures Options Strategies and Arbitrage opportunities Regulatory prescriptions of risk management
Module – B: Credit Risk Management
Credit Risk Management	Introduction Basel Norms Three pillars of Basel and Capital for Operational risk Framework for risk management RBI guidelines on risk management Risk rating and risk pricing Methods for estimating capital requirements Credit risk – standardized approach Credit risk – an advanced approach Credit rating/ credit scoring and rating system design Credit Bureaus Stress test and sensitivity analysis Internal Capital Adequacy Assessment Process (ICAAP) Introduction to structured products
Module – C: Operational Risk
Operational Risk	Introduction, Basel Norms RBI guidelines Likely forms of operational risk and causes for a significant increase in operational risk Sound Principles of Operational Risk Management (SPOR) SPOR – organizational setup and key responsibilities of ORM SPOR – policy requirements and strategic approach for ORM SPOR identification, measurement, control/ mitigation of operational risks Capital allocation for operational risk, methodology, qualifying criteria for banks for the adoption of the methods Computation of capital charge for operational risk
Module – D: Market Risk
Market Risk	Introduction and definition Prescriptions of Basel Norms Liquidity risk Interest rate risk foreign exchange risk Price risk (Equity) Commodity risk
Treatment of market risk under Basel	Standardized duration method Internal measurement approach – VaR
Module – E: Risk Organization and Policy
Risk Organization and Policy	Risk Management Policy Inter – linkages to – Treasury Credit ALCO

Elective Paper 5  – Central Banking

The four modules that make up optional paper-1 are as follows:

1. Module A-  Rationale and Functions of Central Bank
2. Module B-  Central banking in India
3. Module C-  Monetary Policy and Credit Policy
4. Module D-  Supervision and Financial Stability

The following table gives the comprehensive syllabus for Elective Paper 1:

Elective Paper – 1: Central Banking
Chapters	Topics
Module – A: Rationale and Functions of Central Bank
Evolution and Functions of Central Banking	Evolutions of Theory and Practice of Central Banking Development of Central Banks in Developed and Developing countries.
Functions of a Central Bank	Banker to Government, Banker to Banks, Monetary policy Functions Currency Issue and Management, Payment system function Maintaining internal and External values of currency, Regulation Facilitation and supervision of Financial System Promotional Functions to support growth and other National objectives Development of Financial Markets, Institutions, and communication policies.
Contemporary Issues	Desirability, Autonomy and independence, Credibility Accountability and transparency of a Central Bank Conflict with fiscal policies.
Module – B: Central banking in India
Reserve Bank of India	Organizational evolution, Constitution and Governance Major organizational and Functional Developments over time Recent Developments, RBI Act.
India Specific Issues:	Banking Regulation Act, FEMA, Banking Ombudsman Scheme Financial Sector reforms Other financial regulators and division of functions. Institutions set up by RBI NABARD, IDBI, DFHI, IRBI, UTI Glossary of Central Banking Terms.
Module – C: Monetary Policy and Credit Policy
Monetary Policy	Objectives, Reconciling dual objectives The Taylor Rule, Indicators of Policy, instruments of policy (Bank Rate, OMO, CRR, SLR, etc.) Policy Transmission mechanism and channels, transparency of policies Lags in the policy
Credit Policy	Objectives, Theory, and Practice, Instruments.
An overview of Fiscal Policy	Importance of Budgets, Union Budget, State Budget, Finances of Union and State Governments, Finance Commission Striking balance between inflation and growth through monetary and fiscal policies.
Module – D: Supervision and Financial Stability
Indian Financial System	Constituents of Indian Financial Markets and their Regulation Evolution of Bank Regulation and supervision
Financial Stability	Financial Development Vs Financial stability Risks to Financial stability, Early warning signals, and remedial action Liquidity Management, Regulation, and Supervision of Banks Risk Management in Banks The Basel Norms, Prudential Norms, Effect of liberalization and Globalization on Financial Stability Linkage to International Financial Stability International standards and codes Role of Supervisor under Basel Norms.