CAIIB Syllabus 2026: Paper & Module-wise Syllabus, Exam Pattern

CAIIB Syllabus 2026: Paper & Module-wise Syllabus, Exam Pattern

CAIIB Syllabus 2026: Paper & Module-wise Syllabus, Exam Pattern

Mirza Farhan BaigUpdated on 06 Feb 2026, 04:30 PM IST

The Indian Institute of Banking and Finance (IIBF) prescribes the syllabus for the CAIIB examination. CAIIB stands for Certified Associate of the Indian Institute of Banking and Finance. The CAIIB syllabus aims to provide the knowledge necessary for decision-making in Treasury Management, Risk Management, Balance Sheet Management, Credit Management, International Banking, Business Laws, etc. The CAIIB 2026 exam syllabus includes four compulsory subjects and one elective paper. Candidates will have the option of choosing one subject from the total of five elective CAIIB subjects. l for 100 marks.

This Story also Contains

CAIIB Compulsory Papers Syllabus 2026: Overview
CAIIB Electives Syllabus 2026: Overview
Subject-Wise CAIIB Syllabus 2026
Subject-Wise CAIIB Elective Paper Syllabus 2026
CAIIB Exam Pattern 2026
Skills tested in the CAIIB 2026 Exam

CAIIB Syllabus 2026

The CAIIB exam is held twice every year, in May - June and November - December. Hence, students have a comprehensive period to complete the entire CAIIB syllabus. The CAIIB registrations will begin on March 4, 2026. Interested candidates can visit the website, iibf.org.in, to complete the CAIIB June 2026 registrations. The elective papers of the CAIIB 2026 syllabus allows students to specialise in relevant areas/profession. It is highly priotized that that aspirants use the right study materials based on the syllabus to make the preparation more effective. Read the complete article to get information about the CAIIB exam syllabus 2026, exam pattern, and more.

CAIIB Compulsory Papers Syllabus 2026: Overview

Paper	Module	Syllabus Overview
Paper 1 Advanced Bank Management (ABM)	Module A	Statistics
	Module B	Human Resource Management
	Module C	Credit Management
	Module D	Compliance in Banks & Corporate Governance
Paper 2 Bank Financial Management (BFM)	Module A	International Banking
	Module B	Risk Management
	Module C	Treasury Management
	Module D	Balance Sheet Management
Paper 3 Advanced Business & Financial Management (ABFM)	Module A	The Management Process
	Module B	Advanced Concepts of Financial Management
	Module C	Valuations, Mergers, & Acquisitions
	Module D	Emerging Business Solutions
Paper 4 Banking Regulations and Business Laws (BRBL)	Module A	Regulations and Compliance
	Module B	Important Acts/Laws & Legal Aspects of Banking Operations(Part A)
	Module C	Important Acts/Laws & Legal Aspects of Banking Operations(Part B)
	Module D	Commercial & Other Laws with Reference to Banking Operations

CAIIB Electives Syllabus 2026: Overview

Paper	Module	Syllabus Overview
Paper 1 Rural Banking	Module A	Rural India
	Module B	Financing Rural Development
	Module C	Priority Sector Financing & Govt. Initiatives
	Module D	Problems & Prospects in Rural Banking
Paper 2 Human Resources Management	Module A	Human Resource Management
	Module B	Building an HR Strategy
	Module C	Motivation, Training, and Skill Development
	Module D	Personnel Management and Industrial Relations
	Module E	Emerging Scenario in HRM
Paper 3 Information Technology & Digital Banking	Module A	Information Technology & Digital Banking
	Module B	Systems & Design
	Module C	Banking Technology Applications & Digital Banking
	Module D	Information System Security Controls & Audit
Paper 4 Risk Management	Module A	Risk & Risk Management Framework
	Module B	Credit Risk
	Module C	Market Risk
	Module D	Operational Risk
	Module E	Basel & RBI Guidelines on Risk Management
	Module F	Derivatives & Risk Management
Paper 5 Central Banking	Module A	Rationale & Functions of Central Bank
	Module B	Central Banking in India
	Module C	Monetary & Credit Policies
	Module D	Management of Foreign Exchange Reserves & Constituents of Indian Financial Market
	Module E	Regulation, Supervision, and Financial Stability
	Module F	Non-Banking Financial Companies & Primary Dealers

Subject-Wise CAIIB Syllabus 2026

The section-wise details of the CAIIB exam syllabus are given below:

CAIIB Paper 1: Advanced Bank Management

Module A: Statistics
Topics	Subtopics
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 SeriesTrend 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

Topics	Subtopics
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 FeedbackCounselling Competency Mapping and Assessment of Competencies Assessment Centres 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
Topics	Subtopics
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 the 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 the 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	DocumentationThird-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/NPAsWilful 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 Frameworks & Fraud Vigilance

Topics	Subtopics
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	Organisational 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

CAIIB Paper 2:Bank Financial Management

Module A: International Banking
Topics	Subtopics
Exchange Rates 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
Topics	Subtopics
Risk and Basic Risk Management Framework	What is Risk? Linkages among RiskCapital 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 (RBS)
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
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 C: Treasury Management
Topics	Subtopics
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 DerivativesTransfer pricing Policy Environment

Module D: Balance Sheet Management
Topics	Subtopics
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

CAIIB Paper 3: Advanced Business and Financial Management

Module A: The Management Process
Topics	Subtopics
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 LeadershipMotivation 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 Concepts of Financial Management
Topics	Subtopics
Sources of Finance and Financial Strategies	Equity Capital Internal Accruals Preference Capital Term Loans Debenture 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	The 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 Mergers and Acquisitions
Topics	Subtopics
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 TakeoversLeveraged 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
Topics	Subtopics
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 PolicyPitch Presentation Programmes and competitions for startups Tax exemptions Funding Investor’s outlook on Startups Funding schemes and programs 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

CAIIB Paper 4: Banking Regulations and Business Laws

Module A: Regulations and Compliance
Topics	Subtopics
Legal Framework of Regulation of Banks	Business of Banking Constitution of Banks Reserve Bank of India Act, 1934 Banking Regulation Act, 1949 Reserve Bank as a Central Bank and Regulator of Non-Banking Financial Institutions/Banks Government as a Regulator of Banks Control over Co-operative Banks Regulation by Other Authorities
Control Over Organisation of Banks	Licensing of Banking Companies including RBI Licencing Policy for Universal Banks and Small Finance Banks/Branch Licensing Paid-up Capital and Reserves Shareholding in Banking Companies Subsidiaries of Banking Companies Board of Directors Chairman of Banking Companies Appointment of Additional Directors Restrictions on EmploymentControls over Management Corporate Governance Directors and Corporate Governance
Regulation of Banking Business	Power to Issue Directions Acceptance of Deposits, Nominations, Loans, and Advances Regulation of Interest Rates Regulation of Payment Systems Internet Banking Guidelines Regulation of Money Market Instruments Banking Ombudsman Regulation to Strengthen Financial Stability
Returns, Inspection, Winding Up, Mergers & Acquisitions	Annual Accounts and Balance Sheet Audit and Auditors Submission of Returns Preservation of Records and Return of Paid Instruments Special Audit Inspection and Scrutiny Board for Financial Supervision Acquisition of Undertakings Amalgamation of Banks Winding up of Banks Penalties for Offences Public Sector Banks Private Sector Banks Regional Rural Banks Differentiated Banks and Co-operative Banks Local Area Banks State Bank of India Regional Rural Banks Other Public Sector Banks Application of Banking Regulation Act to Public Sector Banks Disinvestment of Shares by Government Co-operative Banks Private Sector Banks Differentiated BanksLocal Area Banks
Non-Banking Financial Companies (NBFCs)	Regulators of NBFCs Role of NBFC in promoting Inclusive Growth Registration Revised Scale Based Regulatory Structure Nomenclature and Regulatory Norms Capital Guidelines Prudential Guidelines Corporate Governance Fair Practices Code for applicable NBFC Bank Finance to NBFCs registered/not requiring registration with RBI Co-Lending by banks and NBFCs to PSA Financial Sector Legislative Reforms and Financial Stability and Development Council Narasimham Committees 1/2 Banking Sector Reforms Reforms in Monetary Policy Reforms in Financial Markets Reforms in Forex Market Financial Sector Development Council (FSDC) Function of the FSDC Wings of FSDC

Module B: Important Acts/Laws and Legal Aspects of Banking Operations (Part 1)
Topics	Subtopics
The Prevention of Money Laundering Act, 2002	Offence of Money Laundering Punishment for Money Laundering Obligations of Banking Companies Financial Institutions, and Intermediaries Enhanced Due Diligence Rules Framed Records to be Maintained Information Contained in the Records Procedure for Maintaining Information Procedure for Furnishing Information to the Director Verification of Records of the Identity of Clients Maintenance of Records of Identity of Clients Some Cases pertaining to the Act
Negotiable Instruments Act, 1881	Negotiable Instruments Types and Characteristics Drawer/Acceptor Payment of Cheques – Protection to Bankers’ /Customers’ Material Alteration Where Alteration is not apparent Protection to the Collecting Banker
Foreign Exchange Management Act, 1999	Meaning of Certain Important Terms Used in FEMA Regulation and Management of Foreign Exchange Powers of RBI with Respect to Authorized Persons Contravention Penalties Adjudication and Appeals Directorate of Enforcement Special Provisions relating to Assets held outside India
Payment & Settlement Systems Act, 2007	Definitions Designated Authority/Authorization Regulation and Supervision by the RBI Settlement and Netting Power of RBI to make regulations
Law Relating to Securities and Modes of Charge – I	Mortgage Document of Title to Immoveable Property – Meaning Copy of Document of Title to Immoveable Property Where Acceptable
Law Relating to Securities and Modes of Charge – II	Appropriation Assignment Pledge Hypothecation Bankers lien Set-off
Creation/Registration and Satisfaction of Charges	What is a Charge? Procedure for Registration of Charge Effect of Registration of Charges Effect of Nonregistration of Charges Provisions of Companies Act 2013 Relating to Registration of Charges

Module C: Important Acts/Laws and Legal Aspects of Banking Operations (Part 2)
Topics	Subtopics
Reserve Bank – Integrated Ombudsman Scheme, 2021	Coverage and Definitions Ombudsman–Appointment/Location of Offices/Establishment of a Centralized Receipt and Processing Centre Procedure for Redressal of Grievance Procedure for Filing a Complaint / its Initial Scrutiny and Resolution Passing of an Award and Right to Prefer to Appeal Suspension of the Scheme
The Micro, Small and Medium Enterprises Development Act, 2006	Coverage and Definitions Summary of Regulation National Board for Micro, Small and Medium Enterprises (NBMSME)/Advisory Committee Memorandum of Micro, Small and Medium Enterprises Delayed Payments to Micro and Small Enterprises Micro and Small Enterprises Facilitation Council and Reference to the Council in case of Disputes Disclosures and Penalty for Contravention of the Provisions of the Statute
Introduction to Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 ( SARFAESI Act, 2002)	Constitutional Validity of the Act
Definitions Under SARFAESI Act, 2002	Preamble Appellate Tribunal Asset Reconstruction Bank Board Borrower Central Registry Debt Recovery Tribunal Default Financial Assistance Financial Asset Financial Institution Hypothecation Non-performing Asset Originator Obligor Property Qualified Institutional Buyer Scheme Securitization Security Agreement Secured Asset Secured Creditor Secured Debt Security Interest Security Receipt Sponsor
Regulation of Securitisation and Reconstruction of Financial Assets of Banks and Financial Institutions	Registration of Asset Reconstruction Company Cancellation of Certificate of Registration Acquisition of Rights of Interest in Financial Assets Notices to Obligor and Discharge of Obligation of Such Obligor Issue of Security Receipts and Raising of Funds by Securitization or Reconstruction Company Exemption from Registration of Security Receipt Measures of Assets Reconstruction Other Functions of the Securitization Company or Reconstruction Company Resolution of Dispute Powers Available with RBI
Enforcement of Security Interest	Enforcement of Security Interest Chief Metropolitan Magistrate or District Magistrate’s Assistance for Taking Possession of Secured Asset Manner and Effect of Takeover of Management No Compensation to Directors for Loss of Office Application against Measures to Recover Secured Debt Appeal to Appellate Authority Right of the Borrower for Compensation and Costs
Central Registry	Central Registry Central Registrar Register of Securitization Reconstruction and Security Interest Transactions Filing of Transactions of Securitization Reconstruction and Creation of Security Interest Modification of Security Interest Registered Satisfaction of Security Interest Right to Inspect Particulars of Securitization Reconstruction of Security Interest Transactions
Offences and Penalties	Penalties Penalties for Non-compliance of Directions of Reserve Bank of India Offences Cognizance of Offences Power of Adjudicating Authority to Impose Penalty/Appeals against Penalty and Adjudicating Appellate Authority
Miscellaneous Provisions	Non-Applicability of the Provisions of the SARFAESI Act in Certain Cases Exemption of Certain Classes of Banks /Financial Institutions Protection of Action Taken in Good Faith Offences by Companies Civil Court not to have Jurisdiction Overriding Effect on Other Laws LimitationPower of the Central Government to Make Rules Amendments to Certain Other Enactments
Registration of Security Interest by Secured Creditors and Other Creditors/ Rectification by Central Government in Some Cases	Registration by Secured Creditors and Other Creditors Rectification by Central Government in Matters of Registration Effect of the Registration of Transactions Right of Enforcement of Securities Priority Allowed to Secured Creditors
The Recovery of Debts and Bankruptcy Act, 1993	Constitutional Validity of the Act, Extent, Commencement, Application and Definitions
Establishment of Tribunal and Appellate Tribunal	Establishment of Tribunal Composition of Tribunal Qualification for Appointment as Presiding Officer and Term of Office Staff of Tribunal Establishment and Composition of Appellate Tribunal Qualification for Appointment as Chairperson of the Appellate Tribunal and Term of Office Filling up of Vacancies at Tribunal and Appellate Tribunal Finality of Orders Constituting Tribunal or an Appellate Tribunal
Jurisdiction, Powers & Authority of Tribunals	Jurisdiction Powers and Authority of Tribunals Bar of Jurisdiction of Civil Courts
Procedure of Tribunals	Application to the Tribunal Appeal to the Appellate Tribunal Deposit of Amount of Debt Due for Filing Appeal Procedure and Powers of the Tribunal The Appellate Tribunal Limitation
Recovery of Debts Determined by Tribunal and Miscellaneous Provisions	Modes of Recovery of Debts Validity of Recovery Certificate and Amendment Thereof Stay and Amendment for Recovery Proceeding and Certificate Other Modes of Recovery Application of Certain Provisions of the Income Tax Act Appeal against the Order of Recovery Officer Transfer of Pending Cases Power of Tribunal to Issue Certificate of Recovery in Case of Decree or Order Chairperson, Presiding Officer and Staff of Appellate Tribunal Tribunal Public Servants, Protection of Action Taken in Good Faith Overriding Effect of the Act Powers to Make Rule
Introduction to the Insolvency and Bankruptcy Code, 2016	Definitions Coverage Pillars of IBC, 2016 The Insolvency Resolution Process for Companies and Limited Liability Entities Corporate Insolvency Resolution Process (CIRP) Initiation of Corporate Insolvency Resolution Process by a Financial Creditor Suspension of Initiation of CIRP Persons not Entitled to Make ApplicationTime – Limit for completion of Insolvency Resolution Process and withdrawal of application admitted under the Code Declaration of Moratorium and Public Announcement by the Adjudicating Authority Appointment/Tenure of the Interim Resolution Professional Committee of Creditor Appointment of Resolution Professional Liquidation Order of Priority of Payment of Debts Fast Track Insolvency Resolution Process Voluntary Liquidation of Corporate Person
The Bankers’ Books Evidence Act, 1891	Applicability and Definitions Conditions in the Printout Mode of Proof of Certain Entries in Bankers’ Books Cases in which Officer of Bank not Compellable to Produce Books Inspection of Books by Order of Court or Judge Costs of Application
The Legal Services Authorities Act, 1987: Lok Adalats	Organization of Lok Adalats Jurisdiction of Lok Adalats Cognizance of Cases by Lok Adalat Disposal of Cases by Lok Adalats Nature of Award of the Lok Adalats and Powers
The Consumer Protection Act, 2019	Definitions Unfair Contract Unfair Trade Practice, Central, State, and District Consumer Protection Councils Central Consumer Protection Authority District, State, and National Consumer Disputes Redressal Commission Ministry of Consumer Affairs Food and Public Distribution (Department of Consumer Affairs) Notification dated 30th December 2021 Finality of Orders and Limitation Period Consumer Mediation Cell
The Law of Limitation	Definitions Limitation and Its Computation Computation of the Period of Limitation Acts Giving Rise to Fresh Period of Limitation Certain Important Provisions in Schedule to the Limitation Act
Tax Laws	Income Tax Commodity Transaction Tax Goods and Services Tax

Module D: Commercial and Other Laws with Reference to Banking Operations
Topics	Subtopics
Meaning and Essentials of a Contract	Meaning of Contract Key Components to Form a Contract Essentials of a Valid Contract Contract Act and Banking
Contracts of Indemnity	Rights of Indemnity Holder Implied Indemnity Enforceability of Contract of Indemnity
Contracts of Guarantee	Parties to the Contract Basic Principles of Contract to be complied Consideration The Liability of the Surety Continuing Guarantee Death of Surety Variance in Terms of the Contract Discharge of Principal Debtor Forbearance to Sue Release of One Co-surety does not Discharge Other Surety can Claim His Dues from the Principal Debtor Security Misrepresentation made by the Creditor Implied Promise by the Principal Debtor to Indemnify the Surety Co-sureties for the Same Debt Revocation of a Continuing Guarantee
Contract of Bailment	Meaning of Bailment Essential Features of Bailment Bailor Bound to Disclose to the Bailee Bailee to take care of Goods Effects of mixing of Goods and Expenses Duties of the Bailee with regard to Goods Bailee’s Lien
Contract of Pledge	Ingredients of Pledge Nature of Pledge Pledge by Way of Hypothecation Pledge by Pledgee
Contract of Agency	Definition Contract of Agency Essential Characteristics of a Contract of Agency Rules of Agency Types of Agents, Rights, and Duties of the Agent and Principal
Meaning and Essentials of a Contract of Sale	Meaning of some of the Important Terms Defined Under the Sale of Goods Act, 1930 Meaning of Contract of Sale of Goods Features of Contract of Sale of Goods, Sale and Agreement to Sell Distinction between a Sale and an Agreement to Sell
Conditions and Warranties	Meaning of Condition and Warranty Implied Conditions and Warranties
Unpaid Seller	Rights of an Unpaid Seller
Definition, Meaning, and Nature of a Partnership	Meaning and Definition of Partnership Essential Characteristics Types of Partnership Limited Liability Partnership (LLP)
Relations of Partners to One Another	General Duties of Partners Duty to Indemnify the Loss caused by Fraud Determination of Rights and Duties of Partners by Contract between the Partners The Conduct of the Business Mutual Rights and Liabilities The Property of the Firm Profits Earned by Partners Rights and Duties of Partners
Relations of Partners to Third Partiesl	Partner is an Agent of the Firm Implied Authority of Partner as Agent of the Firm Extension and Restriction of Partner’s Implied Authority Partner’s Authority in an Emergency Mode of Action to Bind Firm Liability of a Partner for Acts of the Firm Liability of the Firm for Wrongful Acts of a Partner Liability of Firm for Misapplication by Partners Holding Out Rights of Transferee of a Partner’s Interest
Minor Admitted to the Benefit of a Partnership	Minor cannot be a Partner Legal position after the Minor attains majority Retirement of a Partner Insolvency of a Partner
Dissolution of a Firm	Dissolution Dissolution by Agreement Compulsory Dissolution Dissolution on the Happening of Certain Contingencies Dissolution by the Court Liability for Acts of Partners Done after Dissolution
Definition and Features of a Company	Definition of a Company Features of a Company Distinction between a Company and Partnership
Types of Companies	Classifications of Companies on the basis of mode of Incorporation Classifications of Companies on the basis of Liability Classifications of Companies on the basis of Public Interest Holding and Subsidiary Companies
Memorandum of Association and Articles of Association	Applicability and Definitions Conditions in the Printout Mode of Proof of Certain Entries in Bankers’ Books Cases in which Officer of Bank not Compellable to Produce Books Inspection of Books by Order of Court or Judge Costs of Application
Doctrines of Ultra Vires/ Constructive Notice/ Indoor Management	Doctrine of Ultra Vires Effects of Ultra Vires Transaction Constructive Notice of Memorandum of Association and Articles of Association Effect of the Doctrine of Constructive Notice Doctrine of Indoor Management
Membership of Company	Who is a Member of a Company? Various Modes of Becoming Member of a Company Who can be Members of a Company? Cessation of Membership in a Company Register of Members Place of Keeping and Inspection of Register of Members Rights, and Duties (Liabilities) of Members of a Company Rights of Members
Prospectus	What is a Prospectus? Compliance with Respect to Prospectus Mis-statements in a Prospectus and Remedies
Directors	Minimum Number of Directors Appointment of Directors and Proportion of those who are to Retire by Rotation Ascertainment of Directors Retiring by Rotation and Filing of Vacancies Right of Persons other than Retiring Directors to stand for Directorship Additional Directors Filling of Casual Vacancies among Directors Consent to the Company Consent to be filed with Registrar of Companies Whole-time Director Qualification Shares Maximum Number of Directorships Vacation of Office by Directors Certain Powers can be exercised only at Meetings of the Board Restrictions on Powers of Board Loan to Director Contracts in which Directors are Interested Alternate Director Compensation for Loss of Office
Limited Liability Partnership Act, 2008	Definitions A Body CorporatePartner/Designated Partner Liabilities of and changes in Designated Partners Incorporation of a Limited Liability Partnership Partners and their Relations Conversion
Transfer of Property Act, 1882	Sale of Immoveable Property Mortgage of Immoveable Property Types of MortgageSale without Court Intervention Enforcement of Mortgages through Court Leases of Immoveable Property Actionable Claims
The Right to Information Act, 2005	Applicability Definitions
Right to Information and Obligations of Public Authorities	Obligations of Public Authorities Procedure for obtaining Information Disposal of RequestAppeal Orders in Appeal Penalties
Information Technology Act, 2000	Definitions Electronic Governance Certifying Authorities Digital Signature Certificates Penalties Appeal Investigation Critical Information Infrastructure –Protected System Application of the Act to Electronic Cheque and Truncated Cheque
Prevention of Corruption Act, 1988	Definitions Special Judges Offences and Penalties Fixing of Fine Persons authorized to investigate Powers to inspect ‘Bankers Books’ Appeal and Revision
APPENDIX	Important Provisions / Sections of Certain Acts

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Subject-Wise CAIIB Elective Paper Syllabus 2026

Candidates can find the subject-wise CAIIB syllabus for the elective papers in the tables below:

Elective Paper 1: Rural Banking

Module A: Rural India
Topics	Subtopics
Demographic Features	Population Literacy Sixth Economic Census Agriculture Census Socio-Economic Development Indicators Health Nutrition Education Rural-Urban Migration
Characteristics of Rural Society	Social Stratification Local Institutions National Institute of Rural Development and Panchayati Raj (NIRD & PR)
Economic Features	Agriculture Non-Farm Activities Gross Domestic Product and Gross Value Added Rural Money Markets – Formal and Informal Rural Money Markets Rural Indebtedness Rural Poverty Different Methods of Measuring Poverty Line Sustainable Development Goals
Infrastructure	Infrastructure in India TransportMarkets Rural Electrification Other Services
Agriculture Economy	Structure and Characteristics of Indian Agriculture Role of Agriculture in Economic Development Agriculture-Industry Linkage Issues in Economic Development Resources in Agriculture Technical Change in Agriculture Constraints in Agricultural Development Emerging Issues in Agriculture National Mission for Sustainable Agriculture (NMSA)
Rural Development Policies	Rural Development Schemes Skill Development and Entrepreneurship Initiatives Shyama Prasad Mukherji Rurban Mission (SPMRM) Programs for Development of Backward Areas Power Supply to Rural India Program Development of Dryland Farming Soil and Water Conservation Rural Infrastructure Development Fund Economic Reforms Financial Sector Reforms Impact of Reform in Rural Economy Reforms after 1998-99
Issues Concerning Rural Areas	Components of Rural Development Approaches to Rural Development since Independence Sustainable Rural Development Necessity for Rural Development Measures for Development Rural Development and Rural Management Key Issues Concerning Rural Management Marketing Management Importance of Agricultural Prices

Module B: Financing Rural Development
Topics	Subtopics
Regulation of Rural Financial Services	Overall Set Up of Rural Financial Institutions (RFIs) Function and Policies of RBI in Rural Banking Role and Functions of NABARD Lead Bank Scheme
Rural Credit Institutions	Cooperative Credit System Regional Rural Banks Commercial Banks and Rural Financing Other Financial Institutions Catering to Rural Areas Initiatives for Augmenting Credit Flow Role of Information and Communication Technologies in Rural Banking Rural Development Banking – Initiatives for Inclusive Growth Rural Insurance and Micro Insurance Micro Finance Institutions Concept of Business Facilitators and Business Correspondents in Rural Banking
Financing Agriculture and Allied Activities	Crop Loans – Production Credit Features of Kisan Credit Card Scheme Basic Features of NABARD Refinance Support to Cooperative Banks and RRBs for Crop Production activities Bank’s Role in Provision of Relief in Areas Affected by Natural Calamities Term-Loans for Agriculture and Allied Activities Features of Major Sectors for which Opportunities are Available for Provision of term Credit by Banks Advance against Gold Ornaments
Financing Rural Non-Farm Sector	Rural Non-Farm Sector – Facilitative Set Up, Importance, Structure and Growth, Strength and Issues Concerning the Sector; Promotion of Traditional Industries Raw Material Supply – Arrangements; Marketing Assistance Institutional Finance Technology Development and Training
SME Finance	Definition of SME Importance of the sector to the Indian Economy Arrangements for provision of credit to the MSME sector Appraisal of MSME loan proposals – techniques and Requirement assessment of Projects for term loans SIDBI’s assistance to the MSME Sector and its development role Policy prescriptions of RBI for the growth of MSME Sector Initiatives taken by GOI for the development of MSME Sector Problems faced by MSMEs Delayed Payments to Micro and Small Enterprises under the Micro Small and Medium Enterprises Development (MSMED) Act, 2006 Performance and Credit Rating Scheme (PCRS) Framework for Revival and Rehabilitation of MSMEs
Concepts of Project, Aspects of Project Formulation & Appraisal & Model Bankable Projects	Aspects of Project Preparation The Project Cycle Minor Irrigation Schemes Lift Irrigation Financing Micro Irrigation Structures Land Development Schemes Farm Mechanization Financing Plantation and Horticulture Dairy Development Schemes Poultry Farming Sheep Breeding Goat Rearing Pisciculture Bee Keeping Financing Rural Godowns Financing Sericulture Financing Mushroom Cultivation

Module C: Priority Sector Financing and Government
Topics	Subtopics
Priority Sector Lending	Evolution of Priority Sector Lending Guidelines on Priority Sector Lending – Categories Non-Achievement of Priority Sector Targets Common Guidelines for Priority Sector Loans Priority Sector Credit Achievement
Poverty Alleviation Programs	Poverty Assessment and Way Forward Initiatives of the Government – Features of the Schemes Implemented for Poverty Reduction Welfare Schemes
Rural Housing and Education Loans	Rural Housing an Introduction Pradhan Mantri Awas Yojana (Grameen) Education Loan
Initiatives of R.BI under Financial Inclusion & Financial Education Programs and implementation of various Poverty Reduction Programs	National Strategy for Financial Inclusion National Strategy for Financial Education Direct Benefit Transfer Guidelines Issued by RBI under NRLM/NULM Relief Measures by Banks in areas Affected by Natural Calamity-RBI Guidelines to Banks Credit Facilities to SCs/STs Credit Facilities to Minority Communities Poverty Alleviation/Employment Generation Programs

Module D: Problems and Prospects in Rural Banking
Topics	Subtopics
Role of Banking – Emerging Trends in Rural Banking Characteristics of Rural Society	Present Scenario Areas of Concern and Actions Pursued Present Focus on Banking in Rural Areas Inclusive Banking Activities
Role of Technology in Financial Inclusion and Rural Development	Transformational Role of Digital Technologies Technology for Adoption of Improved Agricultural Practices Scope for Using Digital Technology for Growth in Agriculture Modern Management of Agriculture – Possible Technological Components Benefits of Usage of Technology in Agriculture for the Society and the Nation Common IOT Devices/Equipment in Agriculture for Agri-Solutions Technology and Value Chain Operations Progress of IOT in World Agriculture Progress of IOT in Indian Agriculture Other Initiatives for Development of Rural Areas Financial Technology in Financial Inclusion Space
Financing Poor as Bankable Opportunities: Micro Credit and Self Help Groups	Microcredit Delivery Models SHG-Bank Linkage Program (SBLP) Approach Micro Finance Institutions (MFIs) Role of NABARD as Microfinance Facilitator SIDBI & Micro Credit Initiatives by RBI and GOI

lective Paper 2: Human Resource Management

Module A: Human Resource Management
Topics	Subtopics
Fundamentals of HRM	Fundamentals of HRM New Insights into HR Management Ethics in Human Resource Management (HRM)
Organisational Behaviour	Behavioural Dynamics in Organisations The Person – Job Fit Group Dynamics Leadership and Team Effectiveness Some Contemporary Approaches to Leadership Transformational Leadership Human Resource Implications of Benchmarking Quality Initiatives in Organisations ‘Quality Circle’: A HR Strategy to Quality Improvement ‘Six Sigma’: A Model for Improving in Business Processes Positive Attitude: The Core Behavioural Capital of Organisations Stress Management; Business Etiquettes
Organisational Change	Change and Development Change Agent Managing Change John P Kotter’s eight-step to successful change Responsibility Charting
HRM in Indian Banks	Traditional Role of HRM in Indian Banks Expectations from HR Department Changing Profile of ‘HRM’ in Banks Major HRM Challenges Facing Banks Core Banking and People Challenges
Knowledge Management	Concept of Knowledge Management (KM) Significant Features of Knowledge Management Knowledge Management in Banks IT & Database Management

Module B: Building an HR Stratergy
Topics	Subtopics
HR as a Strategic Player	HR as a Strategic Player & Strategic HRM HR Strategy Formulation and Implementation Need for a Distinctive HR Strategy Creating Business Value Through HR Strategy ‘Factor Analysis’ in HRM Connecting ‘Strategy’ to Organisations Strategy Execution Aligning HR System with Decision Framework
CEO and his/her Team	Roles and Responsibilities of CEO CEO and Talent Management Executive and Line Managers Succession Planning ‘Job Family’: An Integrated Model for sustained Succession Planning & Talent Management Human Resource Audit
Communication	Organisational Communication Types of Communication Barriers to Effective Communication Steps for Effective Communication HR and Communication
HR Functions	Human Resource Planning (HRP) Recruitment and Selection Impact of Technology on Critical HR Functions ‘Social Media Policy’ for Organisations: Need and Contents thereof Compensation Incentive-Based Compensation Attrition/Turnover Management Employee Risk Assessment Systems in Banks
Performance Management	Performance Management System (PMS) Performance Appraisal System 360-Degree Appraisal Competency Mapping Key Result Areas (KRAs)

Module C: Motivation, Training, and Skill Development
Topics	Subtopics
The Learning Process	Human Implications of Organisations The Learning Theory The Learning Process Employee Behaviour
Employee Motivation	Types of Motivation Motivational Theories Employee Attitude Development Practical Applications of Motivation Job Enrichment Job Enlargement Job Rotation Job Satisfaction
Employee Development	Basic Objectives of ‘Training’ Training & Development: Its Need Concepts and differences of ‘Training’, ‘Development’ and ‘Learning’‘ Training Need’: Methods for Identification of Training Needs Role and Impact of Training Changing Face of Banking in India Future of Bank Education in India
Training Methodology	Subject Matter of Training: ‘Learning Organisations’ Training Methodology Current Trends in Training Types of Training Benefits of Training Training & Career Development Soft Skills Training Challenges in Training in Banks Training Infrastructure in Banks Talent Management Creative Talents & Dynamic Leadership: A Winning Combination Strategies to hone up Leadership Skills Training for the New Generation Return on Investment (RoI) on Training Measuring the Success of Training Best Practices in Training to Help Organisations

Module D: Personnel Management and Industrial Relations
Topics	Subtopics
Industrial Relations (Part A)	Personnel Function Legal Aspects of Personnel Function Legislation on Working Conditions Industrial Relations Code 2020 Legislation on Wages Legislation on Social Security Legislation on Employment and Training The Changing Scenario
Industrial Relations (Part B)	Historical Background of Trade Union Movement Trade Unions in Banks Industrial Relations Collective Bargaining
Employee Discipline (Grievance Redressal and Discipline)	‘Grievance’: Concept and Definition Causes & Effects of ‘Grievance’ Grievance Redressal Mechanism Conflict Management Management Dilemma
Workers’ Participation in Management (WPM)	‘Participation’: Concept & Definition, Types Methods of Participation Indian Banking Experience on Workers’ Participation in Management (WPM)
Employee Discipline (Discipline Management)	Discipline at Workplace Discipline Management Disciplinary Rules in Banks Domestic Enquiry Frauds in Banks The Risk Attached to Delegation of Financial Powers Need for Vigilance Department in Banks Diversity and Gender Issues Dealing with Cases of Sexual Harassment The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 (POSH ACT)

Module E: Emerging Scenario in HRM
Topics	Subtopics
Contemporary Practices in Employee Engagement	Concept and Definition of ‘Émployee Engagement’ Various features and characteristics of ‘Employee Engagement’ Drivers of ‘Émployee Engagement’ Need for creative strategies for engaging Gen ‘Y’ Employees Contemporary ‘Employee Engagement’ strategies ‘Work From Home’: Emerging New Normal in Organisations Strategies to Keep Employees Engaged When They are Working From Home (WFH) ‘Hybrid Model’ of working: Unifying the Physical and Virtual ‘U-Work’ & ‘Ópen2u’: New and Novel Employment Models Legal Frame-Work in India to Regulate New Models of Work
Organisational Culture & Creativity: New Imperatives	Definition and Characteristics of ‘Individual Culture’ and ‘Organizational Culture’ Concept and Features of ‘Individual Creativity’ and ‘Organisational Creativity’ Distinction between ‘Creativity’ & ‘Ínnovation’ Impact of ‘Culture’ on ‘Creativity’ and Vice-Versa in Organisations Essential Qualities of a ‘Creative Leader/Manager’ Strategies to Create ‘Ethical Organizational Culture’
‘Corporate Sustainability’ & ‘Green HRM’: A Social & Environmental Approach to People Management	Concept of ‘Corporate Sustainability’ Evolution from ‘Strategic HRM’ to ‘Sustainable HRM’ Various Forms of ‘Sustainable HRM’ ‘Green HRM’: An Environmental Approach to HRM ‘Green HRM’ Practices in Banking Industry: Possibilities and Prospects The Way Forward
‘HR Analytics’, ‘HR Entrepreneurship’ & ‘AI-Based HR Solutions’: New HR Trends for Future	‘HR Analytics’: Conceptual Understanding ‘HR Metrics’ vs ‘HR Analytics’ Advantages and Disadvantages of ‘HR Analytics’ ‘HR Entrepreneurship’: The future Buzzword Introduction to ‘Artificial Intelligence’ Role of ‘Artificial Intelligence’ in HR Functions
Leading in a ‘VUCA’ & ‘BANI’ Scenarios: New Approaches in ‘Crisis Management’	‘Crisis’: Concept, Definition, Features & Sources ‘Crisis Management’: Concept, Features & Need FourLevels of ‘Uncertainty’: Strategies to Manage ‘VUCA’: Gravity-Driven Approach to ‘Uncertainty’ and ‘Crisis Management’ in Organizations Evolution of ‘BANI’ Approach in Crisis Management ‘VUCA’ or ‘BANI’: Which is to be the Vision for Organisations to Deal with the Crisis? Typical Models of ‘Crisis Management’ Process Role of HR in ‘Crisis Management’ Process Leadership Role in ‘Crisis Management’ Role of Employees in ‘Crisis Management’
‘Business Ethics’, ‘Corporate Governance’ & ‘Corporate Social Responsibility’: A Winning Combination for Organisational Excellence	‘Business Ethics’: A Treasure of Trust Areas of ‘Business Ethics’ Theories of ‘Business Ethics’ Characteristics of an ‘Ethical Organisation’ ‘Corporate Governance’: Shareholders’ Primary Major Best Practices for Improving ‘Corporate Governance’ Ethical issues in ‘Corporate Governance’ ‘Corporate Social Responsibility’(CSR): A Resolve Towards Commitment to ‘Business Ethics’ & ‘Social Wellbeing’ Various Models of ‘Corporate Social Responsibility’ ‘Corporate Social Responsibility’: Indian Experience

Elective Paper 3: Information Technology and Digital Banking

Module A: Introduction to Information Technology
Topics	Subtopics
Information Technology and its Implications	Impact of Information Technology Strategic Issues and IT
Introduction to Computing	Introduction to Computer Data Processing and methods Computing Environments Virtualization of Servers
Introduction to Software	Computer Software Open Source Software Web Browsers
Networking Systems	Data Communications Wan Technology Overview TCP/IP & Internet

Module B: Systems and Design
Topics	Subtopics
Introduction to Information Systems	Introduction to Information Systems Types of information systems Management Information System Structure Decision Support System (DSS) Executive Information Systems (EIS) Group Decision Support Systems (GDSS) Project Management Capability Maturity Model (CMM) Building Data Centers
Database Management Systems	DBMS Concepts Relational database Normalization of a Database Oracle
Data Warehousing and Data Mining	Need for Data Warehouse A Data Warehouse Architecture Data Warehouse Options Developing Data Warehouses Business Intelligence – Expert Systems & Artificial Neural Networks Data Mining Emerging Trends in Data Warehousing & Analytics

Module C: Banking Technology Applications and Digital Banking
Topics	Subtopics
E-Learning Environment	E-Learning Standards Design Virtual Classroom Emerging Trends in E-Learning and Impact of Pandemic
Banking Software	Banking software Integrated Banking System (IBS) Centralized banking solution Features of an online banking web site Internet Service Providers/Hosting/Bandwidth/Data Download & Upload Emerging Trends in Banking Software IT Services in Banking – Vendor selection and retention criteria
Electronic Clearing and Settlement Systems	Electronic clearing/settlement systems MICR/OCR/CTS clearing system Debit Clearing System Credit Clearing System Real Time Gross Settlement (RTGS) National Electronic Fund Transfer (NEFT) National Payments Corporation Of India (NPCI) and its Products & Services Structured Financial Messaging System (SFMS)
Plastic Money	Credit Cards Debit Cards Smart Cards CVV or CSC Number RuPay Card Payment Gateway & Secure Electronic Transaction (SET) ATM & Point Of Sale (POS) Card Tokenization
Electronic Commerce and Banking	E-business Electronic Commerce E-Commerce Building Blocks E-banking Mobile Payments SMS Banking & Banking Alerts The Call Center EBPP Emerging Trends in Digital Payments
IT Act 2000/2008	Introduction To IT Act 2000 Legal Definition of Computer Crime Some Legal Issues Gist of Offenses Under IT Act 2000 Amendment To IT Act in 2008 Digital Rights Management (DRM) Latest Developments
Emerging Technologies	Open Banking APIS & Embedded Banking Advanced & Big Data Analytics Blockchain Artificial Intelligence (AI) & Machine Learning (ML) Cyber Security- Zero Trust Security Model 5G Network Fintech & Cloud Computing Digital Banking Units (DBUs) Central Bank Digital Currencies (CBDCs)

Module D: Information System Security Control and Audit
Topics	Subtopics
Computer Security	Physical security Logical security Network security Biometric security ISO 27000 Series Standards & Basel Recommendations on E-Banking Computer Viruses and Frauds
Communication Security	Cryptography Digital Signatures Public-Key Infrastructure (PKI) Certification Authorities Business Continuity and Disaster Recovery planning Business Continuity Plan vs Disaster Recovery Plan Business Continuity Planning RBI Guidelines on Business Continuity Planning Disaster Avoidance Disaster Recovery Planning
Information System Audit	The Concept System Audit Procedures System Audit – Security IS Audit controls & Approaches RBI Guidelines on IS Audit
Competitive Bid Process – RFP and SLA	Competitive Bid Process – RFPRFP Process Evaluation of Proposals Contract Co-Ordination Service Level Agreement (SLA) SLA Processes Structuring an SLA SLA Management RBI Guidelines on IT Services Outsourcing
RBI Guidelines on Cyber Security (2016) & Digital Payment Security (2021)	Difference Between Cyber Security and Information Security RBI Guidelines on Cyber Security in Banks – June 2016 Master Directions of RBI on Digital Payment Security Controls (Effective from August 2021)

Elective Paper 4: Risk Management

Module A: Risk and Risk Management Framework
Topics	Subtopics
Why Banks are Special	Functions Banks Perform Bank’s Role in the Economy Other Uniqueness of Banks
Risks and Risk Management in Banks	What is Risk? Definition of Risk Risk in Banks Business Risk vs Control Risk Financial Risk vs Non-Financial Risk Interconnectedness Among Banking Risks Recent Developments Connected with Risk Management Banking Reforms in India New Trends in Indian Banking System Risk Management Going Ahead Various Types of Risks Faced by a Bank Non-Financial Risks
Risk Management Framework	Lessons from Crisis Benefits of Risk Management Risk Management Concept Risk Management Approach Risk Culture Risk Management Architecture Elements of Risk Management Framework Organisational Structure Risk Management Policy Risk Appetite Risk Limits Risk Identification Process Risk Measurement Risk Mitigation Risk Monitoring and Risk Control Management Information System Enterprise Risk Management Events-Risk and Opportunity Enterprise Risk Management Defined Achievement of Objectives Components of Enterprise Risk Management Relationship of Objectives and Components EffectivenessEncompasses Internal Control
Asset Liability Management and Interest Rate Risk in Banking Book	What is ALM? Objectives of ALM ALM Process Interest Rate Risk Duration GAP Analysis Measurement System Reports Stress Testing Back Testing Interest Rate Risk Mitigation
Liquidity Risk Management	What is liquidity? Liquidity and solvency Forms of liquidity risk Liquidity Management Factors contributing to liquidity risk Liquidity risk and Balance Sheet Risk Management framework for Liquidity Risk Identification and measurement of liquidity risk

Module B: Credit Risk
Topics	Subtopics
Credit Risk Management Framework	What is Credit Risk? Obligor (or) Borrower Level Risk vs Portfolio Risk Systematic vs Unsystematic Risk Need for Credit Risk Management Framework Credit Risk Culture Building Blocks of Credit Risk Management Strategy Financial Goals Risk Appetite Portfolio Risk and Reward Loan Policy, Due Diligence Process Loan Approval Process Limits on Aggregate Loans and Commitments Underwriting Criteria Exceptions to Credit Policy Organization Structure
Obligor/Borrower Risk	Business Risk (or) Operating Risk Financial Risk Interaction between Business Risk and Financial Risk Different Risk Levels Sources of External Risk Industry Risk Analysis Entity Level Risk Financial Risk
Credit Rating System	What is Credit Rating? Usefulness of the Rating System for Banks Features of the Internal Credit Rating System Rating Exercise and Rating Assignment Rating by External Rating Agencies
Portfolio Credit Risk	Systematic Risk Unsystematic/ idiosyncratic/Diversifiable Risk Concentration Risk Correlation Risks
Credit Risk Models	Uses of Credit Models Types of Models
Measurement of Credit Risk	Probability of Default (PD) Methods for Estimating PD Exposure at Default Loss Given Default (LGD) Portfolio Assessment of Credit Risk Risk Adjusted Return on Capital (RAROC) Application of the Concept of Economic Capital in the RAROC Model Uses of RAROC Risk-Based Pricing Methods of Risk-Based Pricing
Credit Derivatives	What is a Credit Derivative? Protection Buyer Protection SellerAdvantages to the Protection Buyer Advantages to the Protection Seller Credit Events Payout Credit Default Swap Total Return Swap (TRS) Credit Options Credit-Linked Notes

Module C: Market Risk
Topics	Subtopics
Market Risk	What is Market Risk? Trading Portfolio in a Bank Interest Rate Risk Equity Price Risk Foreign Exchange Risk Commodity Price Risk Liquidity Risk Credit and Counterparty Risks Model Risk Market Risk Management Framework Organizational Structure to Manage Market Risk Organizational Structure for Trading Activity Risk Management Strategy Policies and Procedures
Fixed Income Securities	What is a Bond? Government of India in the Bond Market Bond Market in India Bond Valuation
Measurement of Interest Rate Risk	Measurement of Interest Rate risk Sensitivity approach Price value of a Basis point method Computation of portfolio PVBP Hedging using basis point value Other uses of PVBP Duration Definition of duration Properties of duration Portfolio duration Modified Duration and Price elasticity of interest rate Price volatility characteristics of Bonds Convexity Bond portfolio management.
Value at Risk	Historical background Definitions of VaR Assumptions for calculation of VaR Building blocks of VaR VaR methodology Comparison of different methodologies to compute VaR Comparative advantages and disadvantages of various methods to compute VaR Limitations of VaR Extreme Value Theory Stress Test Back testing of VaR models

Module D: Operational Risk
Topics	Subtopics
Operational Risk and Operational Risk Management Framework	Developments Giving Rise to Increasing Operational Risk Peculiarity of Operational Risk Definition of Operational Risk Operational Risk Culture Operational Risk Organizational Framework Policy Guidelines and Strategic Approach Operational Risk Identification Process Assessment of Operational Risk
Collection of Internal Loss Data and External Loss Data	Collection of Loss Data Minimum Loss Data Standard Specific Criteria on Loss Data Identification Collection and Treatment Near-Misses and Opportunity Costs External Loss Data Root-Cause Analysis
Risk and Control Self-Assessment (RCSA) & Key Risk Indicator (KRI)	RCSA Process Defining Inherent Risk Study of Effectiveness of Control Computation of Risk Zone Color-Coded Risk Levels Key Risk Indicators Various Forms of KRI Selecting KRIs Risk Appetite Scenario Analysis Uses of KRIs
Technology Risk	Basic Principles of Information Security Information Security Governance Organizational Structure Roles and Responsibilities Critical Components of Information Security Security Measures Against Malware Patch Management Change Management Audit Trails Information Security Reporting and Metrics In-formation Security and Critical Service Providers/Vendors Network Security Remote Access Distributed Denial of Service Attacks (DDoS/DoS) Implementation of ISO 27001 Information Security Management System Wireless Security Business Continuity Considerations Information Security Assurance General Information Regarding Delivery Channels Emerging Technologies and Information Security Implementation of Recommendations of the Working Group on Information Security Electronic BankingTechnology Risk Management and Cyber Frauds
Corporate Governance	Corporate Governance Definition Corporate Governance – Banking Industry Perspective Basel Committee and Corporate Governance Importance of Risk Management in Corporate Governance Benchmarking Risk Governance
Climate Risk and Sustainable Finance	Climate Situation in India Basel Committee and Climate Risk Climate Risk Unique Characteristics of Climate Change and Implication Financial Risks Emerging from Climate Related Risk Climate Risk Management Framework Green Finance for Sustainable Development

Module E: Basel and RBI Guidelines on Risk Management
Topics	Subtopics
Why Do Banks Need Regulation?	Need for Regulation of Banks Banking Regulation and Supervision Banking Regulation and Supervision in India Global Banking Regulation Basel Committee on Banking Supervision The Concordat Basel-I Accord Basel Committee Amendment 1996 Basel II Accord
Global Financial Crisis and Basel III	Regulatory Shortcomings and Regulatory Reform Response of Basel Committee to Global Financial Crisis
Regulatory Capital and Capital Adequacy	Bank Capital: An Accounting Residual Why Bank Needs Capital Should Regulator Prescribe Minimum Capital for Banks? Basel III Capital Regulation Standardized Approach – Capital Charge for Credit Risk Off-Balance Sheet Items Total Counterparty Risk External Credit Assessments Applicability of ‘Issue Rating’ to Issuer/Other Claims Credit Risk Mitigation Internal Rating Based Approach
Capital Allocation Against Market Risk	Scope and Coverage of Capital Charge for Market Risks Measurement of Capital Charge for Interest Rate Risk
Capital Charge for Operational Risk	Definition of Operational Risk The Measurement Methodologies The Basic Indicator Approach The Standardized Approach Advanced Measurement Approach Shortcomings of Present Approaches for Calculating Capital Requirement for Operational Risk New Standardized Approach Business Indicators Risk Weighted Assets Technical Guidance Note on Minimum Capital Requirements for Operational Risk Supervisory Review Process, and Internal Capital Adequacy Assessment Process (ICAAP) Objective of Pillar 2 Supervisory Process ICAAP Principles Definitions Coverage by ICAAP The Structural Aspects of the ICAAP Risk Appetite Actual and Target Risk Structure Identifying, Measuring, Monitoring and Reporting of Risk Internal Control Submission of the Outcome of the ICAAP to the Board and the RBI ICAAP to be an Integral part of the Management and Decision-Making Culture The Principle of Proportionality Regular Independent Review and Validation ICAAP to be a Forward-Looking Process ICAAP to Include Stress Tests and Scenario Analyses Identifying and Measuring Material Risks in ICAAP Capital Planning Capital Allocation
Stress Testing	Stress Testing Part of ICAAP Objective Stress Testing Process Sensitivity Analyses Scenario Analyses Reverse Stress Testing Stress Testing Framework Single Factor Stress Tests Classification of Banks for the Purpose of Stress Testing Prompt Corrective Action (PCA) Framework for Scheduled Commercial Banks Criteria for PCA
Market Discipline	General Definition Achieving Appropriate Disclosure Interaction with Accounting Disclosures Validation Materiality Proprietary and Confidential Information General Disclosure Principle Regulatory Disclosure Section
Basel III Buffers, Liquidity Ratios, Leverage Ratio	Objectives of Capital Buffers Capital Conservation Buffer Framework Counter – Cyclical Capital Buffer Domestic Systemically Important Banks Leverage Ratio Liquidity Standards Net Stable Funding Ratio
Risk Based Supervision	Background Reserve Bank of India Initiatives Bank Supervision Process in India Supervisory Approach Features of an Effective bank Supervisory Framework Benefits of Risk Based Supervision Supervisory Methods/Tools
Risk Based Internal Audit	What is Risk Based Auditing Objective of Risk Based Internal Audit Board and Management Oversight Audit Policy Functional Independence Identification of Auditable Units Conduct Risk Assessment Risk ProfileCommunication

Module F: Derivatives and Risk Management
Topics	Subtopics
Derivatives and Risk Management	What is Derivative? Features of Derivatives Over the Counter vs Exchange Traded Derivative Uses of Derivatives Misuse of Derivative Major Types of Derivatives Long and Short Position Derivative Markets in India
Forward Contract	Definition and Characteristics Advantage of Entering Forward Contract Problems Associated with Forward Contract Pay-off on a Forward Contract Pricing the Underlying Benefits and Costs of Holding Assets The Concept of Price and Value of a Forward Contract Forward Rate Agreement
Futures	What is a Futures Contract? Futures Contract vs Forward Contract Performance of contract The Clearing House Margin A/c Relationship between Spot Price and Future Price DeliveryCash Settlement Pricing of Future Contracts Contango vs Normal Backwardation Interest Rate Future
Options	Definition Option Terminology Call Option Put Option Pricing of Option Interest Rate Options
SWAP	Definition Characteristics of SWAP SWAP Terminology Types of SWAP Interest Rate Swap Calculating Interest Rate Swap Cash Flows Uses of Interest Rate Swap Swaptions
APPENDIX: Statistical Concepts	Statistical Measures Frequency Distribution Measures of Central Tendency Measures of Dispersion Measures of Skewness Measures of Kurtosis Measures of Correlation Measures of Regression Expected Return Average of Ratios RiskAverage Growth Rate Portfolio Diversification Beta Performance Evaluation
Probability Theory	Probability Conditional Probability Random Variable Distribution Function Expectation and Standard Deviation Binomial Distribution Poisson Distribution Normal Distribution Credit Risk Value at Risk (VaR) Option Valuation

Elective Paper 5: Central Banking

Module A: Rationale and Functions of the Central Bank
Topics	Subtopics
Theory and Practice of Central Banking: Evolution	Global Evolution of Central Banks Reasons for Proliferation of Central Banks Conflicting Role and Responsibilities of Central Banks Development of Central Banks in Developed and Developing Countries
Functions of Central Banks	Banker to Government Banker to Banks Lender-of-Last-Resort Monetary Policy Functions Currency Issue and Management Payment and Settlement Systems Maintaining Internal Value of Money Maintenance of the External Value of Currency Regulation, Facilitation and Supervision of Financial System Financial Stability Promotional Functions to Support Growth and Other National Objectives Development of Financial Markets and Institutions Central Bank Communication Policies
Contemporary Issues in Central Banking	Autonomy and Independence of a Central Bank Credibility of a Central Bank Accountability of a Central Bank Transparency in Central Bank Operations Conflict with Fiscal Policies

Module B: Central Banking in India
Topics	Subtopics
Reserve Bank of India	Reserve Bank of India: Organizational Evolution Reserve Bank of India: Structure and Governance Reserve Bank of India: Major Organizational and Functional Developments Over Time RBI Act 1934: Salient Features Some Comments Central Banking: Indian Specific Issues Banking Regulation Act Foreign Exchange Management Act (FEMA) The Banking Ombudsman Scheme, 2006 Financial Sector Reforms Other Financial Regulators and Division of Functions Institutions Set up by RBI
Financial Inclusion and Development	Impediments in the process of achieving financial inclusion Role of policy interventions: Mandates and Subventions on building an appropriate institutional and financial structure based on digital technology Focus on payment and settlement systems vs Focus on extension of credit Some Issues and their possible resolution Financial InclusionFinancial Inclusion Plans

Module C: Monetary and Credit Policies
Topics	Subtopics
Monetary Policy	Monetary Policy: Theoretical Underpinnings Objectives of Monetary Policy Reconciling Dual Objectives Monetary Policy Rules The Vexed Issue: Rules vs Discretion Indicators of Policy Instruments of Policy Statutory Liquidity Ratio (SLR) Selective Credit Controls Policy Transmissions Mechanisms and Channels Transmission Channels An Evaluation of the Transmission Channels Transparency of Policies Lags in Policy Process of Monetary Policy Formulation in India Conduct of Monetary Policy in the Wake of Net Large Capital Inflows during the 2000s Recent Initiatives for Further Strengthening Monetary Policy Formulation
Credit Policy	Theoretical Underpinnings Credit Policy in Practice Nominal versus Real Credit Credit Allocation Mechanisms Instruments of Credit Control Margin Requirements Rationing of Credit (Credit Ceiling) Credit Pricing (Setting Bank’s Lending Rates)
Fiscal-Monetary Relations	Monetary-Fiscal Relations: India Striking Balance between Inflation and Growth: Recent Initiatives Finances of Central and State Governments: Recent Trends Central Government Finances in 2020-21 Central Government Finances in 2021-22 State Finances in 2021-22 Constitution of Finance Commission Recommendations of the Fifteenth Finance Commission Grants-In-Aid; Fiscal Roadmap/Rules Fiscal Road Map Recommended by the 15th Finance Commission
Liquidity Management in the System	Theoretical Framework underlying LAF Genesis and Evolution of Liquidity Adjustment Facility Review of LAF based on the Report of the Expert Committee to Revise and Strengthen Monetary Policy Framework Revised Framework of LAF based on the recommendations of IWG Operational Strategies in Managing LAF Underlying Instruments for the conduct of LAF Guiding Principles for the conduct of LAF Structuring of Open Market Operations Other salient features of the Revised LAF Liquidity Management during Covid-19: Initiatives undertaken by Reserve Bank of India Money Markets: Liquidity conditions Government Securities Market and the Risk-Free Curve Corporate Bond Market: Liquidity Conditions Equity Markets: Liquidity Conditions Severity of the Pandemic and the RBI initiatives Recent measures announced by RBI on 08 April, 2022 as part of Monetary Policy

Module D: Management of Foreign Exchange Reserves and Constituents of the Indian Financial Market
Topics	Subtopics
Management of Foreign Exchange Reserves	Legal Framework Risk Management Operational Risk and Control SystemTransparency and Disclosures Recent Developments in the Movement of Foreign Exchange Reserves Sources of Accretion to Foreign Exchange Reserves Adequacy of ReservesManagement of Gold Reserves Investment Pattern of the Foreign Currency Assets (FCA) Other Related Aspects
Constituents of Indian Financial System Structure	Genesis of Financial Market Development Structure and Growth of Financial Markets in India Money Market Government Securities Market Foreign Exchange Market Reform/Post-Reform Period (1990s to 2010) Foreign Exchange Markets: Post Reform Period Financial Benchmarks – Transparency & Governance Framework Roadmap for LIBOR Transition

Module E: Regulation, Supervision and Financial Stability
Topics	Subtopics
Evolution of Regulation and Supervision	Genesis and Evolution of Regulation and Supervision: Some Theoretical Underpinnings Global Backdrop Interactions of Monetary Policy and Regulatory and Supervisory Policies Integration Vs Separation of Monetary Regulatory and Supervisory Functions – Recent Perspectives Genesis of Bank Regulation and Supervision in India Conduct of Monetary Policy Compatibility with Regulatory and Supervisory Role: The Indian Perspective
Development, Regulation and Supervision and Recent Performance of Scheduled Commercial Banks	Evolution and Development of Commercial Banks Initial Years (1950 to 1969) Strengthening and Consolidation of Commercial Banks (1969-1991) Rapid Strides in the Development the Banking Sector following the Financial Reforms Process Ushered in the 1990’s Prudential Requirements for bank supervision Submission of Returns on Liquidity Risk, Interest Rate Risk, and Currency Risk Risk Management in Banks Regulatory Policies for Scheduled Commercial Banks Supervision of Scheduled Commercial Banks Recent Operations and Performance of Scheduled Commercial Banks Developments in the Banking Sector 2021 in Brief
Development, Regulation and Supervision of Co-Operative Banks	Growth of Cooperative Banking System Regulatory Framework for Co-operatives: Duality of Control Strengthening of the Financial Position of the UCBs Strengthening of the Supervisory System Related to UCBsCooperative Banks: Recent Developments Implementation Status of Goals Strengthening Regulatory Framework Major Developments
Financial Stability	Global Economic Crisis and its implications for Central Banks Financial Stability: An Overview Risks to Financial Stability Early Warning Signals and Remedial action Liquidity Management in Banks The Basel Norms for Bank supervision Progress in the implementation of Basel II Norms Progress in the implementation of Basel III Norms RBI Perspective on moving towards Basel III Implementation Effect of Liberalization and Globalization on Financial Stability Conduct of monetary policy in the context of Liberalisation and Globalization Growing trend towards transparency, co-operation and best practices in a globalized environment Role of consultative approach Linkage to International Financial Stability International Standards and Codes Role of Supervisor under Basel II and Basel III

Module F: Non-Banking Financial Companies and Primary Dealers
Topics	Subtopics
Non-Banking Financial Institutions: Development, Regulation and Supervision	Conditions for Companies to Register as NBFCs with the Reserve Bank of India NBFCs Registered with Other Regulatory Bodies Classification of NBFCs under Broad Categories Growth of NBFC Sector and the Need for Prudence The Role of the Reserve Bank of India in the Development of NBFCs Regulatory Policies for NBFCs: Scale-Based Regulatory Framework Special Liquidity Scheme (SLS) for Non-Bank Financial Companies (NBFCs) / Housing Finance Companies (HFCs) Aligning Regulatory Framework for HFCs with NBFCs Lowering of Secured Debt Limit for NBFCs under SARFAESI Act Declaration of Dividend by NBFCs Supervisory Policies for NBFCs Appointment of Auditors in Regulated Entities Prompt Corrective Action (PCA) Framework for NBFCs Impact of Pandemic on NBFC Sector.
Role of Primary Dealers in the Government Securities Market: Development, Regulation and Supervision	Evolution of PDs Eligibility Conditions for PDs Role and Responsibilities of PDs Liquidity Support from RBI Operations and Performance of PDs Financial Performance of SPDs Operational Guidelines, Regulatory and Supervisory Provisions Governing Primary Dealers Investment Guidelines Capital Adequacy and Risk Management
APPENDIX	Important Committees Set up by RBI Major International Financial Institutions: Genesis, Objectives and Functions A Note on Crypto Currencies & CBDC (Central Bank Digital Currency) RBI Discussion Paper / Report on Sustainable Finance Glossary of Central Banking Terms

CAIIB Exam Pattern 2026

Along with the syllabus, candidates must also be well-versed in the CAIIB 2026 exam pattern. The detailed CAIIB 2026 paper pattern is given in the table below:

Particulars	Details
Mode of the exam	English or Hindi
Type of questions	Multiple-choice questions (Objective Based)
Number of questions	100
Mode of the exam	Online
Duration of the exam	2 hours
Marking Scheme	No negative marking
Frequency of the exam	Twice a year (May-June and November-December)

Skills tested in the CAIIB 2026 Exam

The questions asked in the CAIIB exam are to test the following skills of the students:

Problem Solving
Conceptual Grasp
Case Analysis
Knowledge Testing
Logical Interpretation.

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Frequently Asked Questions (FAQs)

Q: What are the subjects in the CAIIB 2206 exam?

The following are the CAIIB compulsory subjects 2026: Advanced Bank Management, Bank Financial Management, Advanced Business & Financial Management, Banking Regulations, and Business Laws. Additionally, candidates have to select any one of the electives, i.e., Rural Banking, Human Resources Management, Information Technology & Digital Banking, Risk Management, and Central Banking.

Q: What is the total number of questions in the CAIIB 2026 exam?

The CAIIB exam 2026 will have 100 objective-type multiple-choice questions.

Q: Which is the toughest subject/paper in the CAIIB examination?

As per the students, the Advanced Business & Financial Management is the toughest paper in the CAIIB exam.

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CAIIB Syllabus 2026: Paper & Module-wise Syllabus, Exam Pattern

CAIIB Compulsory Papers Syllabus 2026: Overview

CAIIB Electives Syllabus 2026: Overview

Subject-Wise CAIIB Syllabus 2026

CAIIB Paper 1: Advanced Bank Management

Module B: Human Resource Management

Module D: Compliance Frameworks & Fraud Vigilance

CAIIB Paper 2:Bank Financial Management

CAIIB Paper 3: Advanced Business and Financial Management

CAIIB Paper 4: Banking Regulations and Business Laws

Related eBooks & Sample Papers

Subject-Wise CAIIB Elective Paper Syllabus 2026

Elective Paper 1: Rural Banking

lective Paper 2: Human Resource Management

Elective Paper 4: Risk Management

Elective Paper 5: Central Banking

CAIIB Exam Pattern 2026

Skills tested in the CAIIB 2026 Exam

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