Macmillan New Books Released for JAIIB May 2023 | IE& IFS, PPB, AFM and RBWM
14th Jan 2023
Myonlineprep
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The Indian Institute of Banking and Finance (IIBF) has recently introduced a new syllabus for the JAIIB (Junior Associate of Indian Institute of Bankers) examination, which is set to come into effect from the May 2023 exam. The new syllabus is aimed at providing more comprehensive and up-to-date knowledge to banking professionals, and is based on the latest trends and developments in the banking industry.
To aid students in preparing for the JAIIB exam may 2023, Macmillan has published a new set of 4 books for all the 4 papers that covers the new syllabus in detail.
- Paper 1 - Indian Economy & Indian Financial System
- Paper 2 - Principles & Practices of Banking
- Paper 3 - Accounting and Financial Management for Bankers
- Paper 4 - Retail Banking and Wealth Management
To prepare for the new syllabus, students can refer to books such as the "Macmillan Books for JAIIB May 2023 Exam" which are designed specifically to provide comprehensive coverage of the new syllabus. These books provide detailed explanations of the new subjects and are an essential resource for students preparing for the JAIIB examination.
- To prepare for the new syllabus, students can refer to books such as the "Macmillan Books for JAIIB May 2023 Exam" which are designed specifically to provide comprehensive coverage of the new syllabus.
- These Macmillan books provide detailed explanations of the new subjects and are an essential resource for students preparing for the JAIIB examination.
Links to buy JAIIB Macmillan books for upcoming exam of JAIIB May 2023 Exam
| Book Name | Edition | Link to Buy |
|---|---|---|
| Paper 1 - Indian Economy & Indian Financial System (IE& IFS) | 5 January 2023 | Buy from Amazon |
| Paper 2 - Principles & Practices of Banking (PPB) | 1 January 2023 | Buy from Amazon |
| Paper 3 - Accounting and Financial Management for Bankers (AFM) | 5 January 2023 | Buy from Amazon |
| Paper 4 - Retail Banking and Wealth Management (RBWM) | 6 January 2023 | Buy from Amazon |
Structure of the New Syllabus
One of the major changes in the new syllabus is the inclusion of new papers, which have been introduced to provide a more well-rounded education for banking professionals.
It consists of 4 Macmillan books for new JAIIB syllabus:
- Paper 1 - Indian Economy & Indian Financial System
- Paper 2 - Principles & Practices of Banking
- Paper 3 - Accounting and Financial Management for Bankers
- Paper 4 - Retail Banking and Wealth Management
Details of chapters in Paper -1 Indian Economy & Indian Financial System (IE& IFS) from Macmillan book
| Module | Ch. No. | Chapter Name |
|---|---|---|
| Module A : India Economic Architectures | 1 | An Overview of the Indian Economy |
| 2 | Sectors of the Indian Economy | |
| 3 | Economic Planrung in India & NITI Aayog | |
| 4 | Role of Priority Sector and MSME in the Indian Economy | |
| 5 | lnfrastrucrure including Social lnfrastrucrure | |
| 6 | Globalisation - Impact on India | |
| 7 | Economic Reforms | |
| 8 | Foreign Trade Policy, Foreign Investments and Economic Development | |
| 9 | International Economic Organizations (World Bank, IMF.etc.) | |
| 10 | Climate change. Sustainable Development Goals (SDGs) | |
| 11 | Issues Facing Indian Economy | |
| Module B : Economic Concept Related to Banking | 12 | Fundamentals of Economics. Microeconomics. and Macroeconomics and Types of Economies |
| 13 | Supply and Demand | |
| 14 | Money Supply and Inflation | |
| 15 | Theories of Interest | |
| 16 | Business Cycles | |
| 17 | Monetary Policy and Fisrnl Policy | |
| 18 | System of National Accounts and GDP Concepts | |
| 19 | Union Budget | |
| Module C : Indian Financial Architectures | 20 | Indian Financial System -An Overview |
| 21 | Indian Banking Strucrure | |
| 22 | Banking Laws - Reserve Bank of lndia Aet. 1934 & Banking Regulation Act. 1949 | |
| 23 | Development Financial institutions | |
| 24 | Micro Finance institutions | |
| 25 | Non-Banking Financial Companies (NBFCs) | |
| 26 | Insurance Companies | |
| 27 | Indian Financial System - Regulators and Their Roles | |
| 28 | Reforms and Developments in the Banking Sector | |
| Module D : Financial Products and Services | 29 | Financial Markets |
| 30 | Money Market | |
| 31 | Capital Markets and Stock Exchanges | |
| 32 | Fixed Income Market - Debt and Bond Markets | |
| 33 | Foreign Exchange Market | |
| 34 | Interconnectedness of Markets and Market Dynamics | |
| 35 | Merchant Banking Services | |
| 36 | Derivatives Market | |
| 37 | Factoring Forfaiting and Trade Receivables Discounting System (TReDS) | |
| 38 | Venture Capital | |
| 39 | Lease Finance and Hire Purchase | |
| 40 | Credit Rating and Credit Scoring | |
| 41 | Mutual Funds | |
| 42 | Insurance Products | |
| 43 | Pension Products | |
| 44 | Para Banking and Financial Services Provided by Banks | |
| 45 | Real Estate investment Trusts (REITs) and Infrastructure Investment Trust (lnvlTs) |
Details of chapters in Paper - 2 Principles and Practices of Banking (PPB) from Macmillan book
| Module | Ch. No. | Chapter Name |
|---|---|---|
| Module A : General Banking Operations | 1 | Banker-Customer Relationship |
| 2 | AM L- KYC Guidelines | |
| 3 | Operational Aspects of KYC | |
| 4 | Opening Accounts of Various Types of Customers | |
| 5 | Operational Aspects of Deposit Accounts | |
| 6 | Operational Aspects of Handling Clearing/Collection/Cash | |
| 7 | Banker's Special Relationship | |
| 8 | Foreign Exchange Remittance Facilities for Individuals | |
| 9 | Operational Aspects of NRI Business | |
| 10 | Foreign Currency Accounts for Residents and Other Aspects | |
| 11 | Cash Management Services and its Importance | |
| 12 | Payment and Collection of Cheques and Other Negotiable Instruments | |
| 13 | Responsibility of Paying Bank | |
| 14 | Responsibility for Collecting | |
| 15 | Bank Ancillary Services | |
| 16 | Financial Inclusion & Financial Literacy | |
| 17 | Customer Service Guidelines | |
| 18 | Duties & Rights of a Banker and Customer Rights | |
| 19 | Grievance Redressal & RBI Integrated Ombudsman Scheme 2021 | |
| 20 | The Consumer Protection Act. 2019: Preamble, Extent and Definitions | |
| 21 | The Right to Information Act 2005 | |
| Module B : Functions of Banks | 22 | Principles of Lending, Different Types of Borrowers, and Types of Credit facilities |
| 23 | Appraisal and Assessment of Credit Facilities | |
| 24 | Operational Aspects of Loan Accounts | |
| 25 | Types of Collaterals and their Characteristics | |
| 26 | Different Modes of Charging Securities | |
| 27 | Documentation | |
| 28 | Non-Performing Assets/Stressed Assets | |
| 29 | Important Laws Relating to Recoveries of Dues | |
| 30 | Contracts of Indemnity | |
| 31 | Contract of Guarantee & Bank Guarantee Letters of Credit | |
| 32 | Letters of Credit | |
| 33 | Deferred Payment Guarantee | |
| 34 | Laws Relating to Bill Finance | |
| 35 | Personal Finance | |
| 36 | Priority Sector Advances | |
| 37 | Agricultrural Finance | |
| 38 | Finance to MFIs/Co-Lending Arrangements with NBFCs | |
| 39 | Micro Small and Medium Enterprises in India | |
| 40 | Government Sponsored Schemes | |
| 41 | Self-Help Groups | |
| Module C : Banking Technology | 42 | Essential of Bank Computerization |
| 43 | Operational Aspects of the CBS Environment | |
| 44 | Alternate Delivery Channels - Digital Banking | |
| 45 | Data Communication Network and EFT System | |
| 46 | Digital Payment Systems - NPCI | |
| 47 | Impact of Technology Adoption and Trends in Banking Technology | |
| 48 | Security Considerations and Mitigation Measures in Banks | |
| 49 | Operational Aspects of Cyber Crimes/Fraud Risk Management in Cyber Tech | |
| 50 | Technology Trends in Banking, e-RUPI, Fintech - RegTech, SupTech, Hashtag Banking etc. | |
| Module D : Ethics in Banks and Financial Systems | 51 | Ethics, Business Ethics & Banking: An Integrated Perspective |
| 52 | Ethics at the Individual Level | |
| 53 | Ethical Dimensional: Employees | |
| 54 | Work Ethics and the Workplace | |
| 55 | Banking Ethics: Challenging Dynamics |
Details of chapters in Paper - 3 Accounting and Finance Management of Bankers (AFM) from Macmillan book
| Module | Ch. No. | Chapter Name |
|---|---|---|
| Module A : Accounting Principles And Processes | 1 | Definition, Scope & Accounting Standards including Ind AS |
| 2 | Basic Accountancy Procedures | |
| 3 | Maintenance of Cash/Subsidiary Books and Ledger | |
| 4 | Bank Reconciliation Statement | |
| 5 | Trail Balance, Rectification of Errors and Adjusting & Closing Entries | |
| 6 | Depreciation and its Accounting | |
| 7 | Capital and Revenue Expenditure | |
| 8 | Bills of Exchange | |
| 9 | Operational Aspects of Accounting Entries | |
| 10 | Back Office Functions/Handling Unreconciled Entries in Banks | |
| 11 | Bank Audit & Inspection | |
| Module B : Financial Statements and Core Banking Systems | 12 | Balance Sheet Equation |
| 13 | Preparation of Final Accounts | |
| 14 | Company Accounts - I | |
| 15 | Company Accounts - II | |
| 16 | Cash Flow and Funds Flow | |
| 17 | Final Accounts of Banking Companies | |
| 18 | Core Banking Systems and Accounting in Computerised Environment | |
| Module C : Financial Management | 19 | Financial Management -An Overview |
| 20 | Ratio Analysis | |
| 21 | Financial Mathematics-Calculation of Interest and Annuities | |
| 22 | Financial Mathematics-Calculation of YTM | |
| 23 | Financial Mathematics-Forex Arithmetic | |
| 24 | Capital Structure and Cost of Capital | |
| 25 | Capital Investment Decisions/Term Loans | |
| 26 | Equipment Leasing/Lease Financing | |
| 27 | Working Capital Management | |
| 28 | Derivatives | |
| Module D : Taxation and Fundamentals of Costing | 29 | Taxation : Income Tax/Deferred Tax |
| 30 | Goods & Services Tax | |
| 31 | An Overview of Cost & Management Accounting | |
| 32 | Costing Methods | |
| 33 | Standard Costing | |
| 34 | Marginal Costing | |
| 35 | Budgets and Budgetary Control |
Details of chapters in Paper - 4 Retail Banking and Wealth Management (RBWM) from Macmillan book
| Module | Ch. No. | Chapter Name |
|---|---|---|
| Module A : Retail Banking | 1 | Retail Banking: Introduction |
| 2 | Retail Banking: Role within the Bank Operations | |
| 3 | Applicability of Retail Banking Concepts Distinction between Retail and Corporate/Wholesale Banking | |
| 4 | Branch Profitability | |
| Module B : Retail Products and Recovery | 5 | Customer Requirements |
| 6 | Product Development Process | |
| 7 | Credit Scoring | |
| 8 | Important Retail Liability Products | |
| 9 | Important Retail Asset Products | |
| 10 | Credit and Retail Banking Products | |
| 11 | Remittance Products | |
| 12 | Digitisation of Retail Banking Products | |
| 13 | Role of AI and Technology in Retail Banking | |
| 14 | Recovery of Retail Loans | |
| 15 | Management Information Systems | |
| 16 | Securitization | |
| Module C : Support Services - Marketing of Banking Services/Products | 17 | Marketing: An Introduction |
| 18 | Delivery Channels in Retail Banking | |
| 19 | Delivery Models | |
| 20 | Customer Relationship Management in Retail Banking | |
| 21 | Service Standards for Retail Banking | |
| 22 | Marketing Information Systema - A Longitudinal Analysis | |
| Module D : Wealth Management | 23 | Importance of Wealth Management |
| 24 | Investment Management | |
| 25 | Tax Planning | |
| 26 | Other Financial Services Provided by Provided by Banks | |
| Module E : Additional Reading Material on Home Loans | 27 | Lender's Appraisal Procedure |
| 28 | Housing Financial and Tax Planning | |
| 29 | Mortage Advice | |
| 30 | Valuation of Real Property |
The new syllabus for the JAIIB exam may 2023 includes several new chapters to ensure that the exam covers the latest developments in the banking industry.
Summary
- The new syllabus for the JAIIB exam has been designed to ensure that candidates are well-prepared for a career in banking by covering the latest developments in the industry.
- The new chapters included in the syllabus will ensure that candidates are aware of the latest technologies and regulatory framework being used in the banking industry.
- It is recommended that candidates refer to the official Macmillan books for JAIIB May 2023 Exam for a comprehensive understanding of the new syllabus.
Conclusion
The banking and finance industry is undergoing significant changes, particularly with the integration of technology. This has led to a growing need for skilled professionals who can effectively address and resolve these modern challenges. To address this need, the Indian Institute of Banking and Finance (IIBF) has revised the syllabus for the Junior Associate of Indian Institute of Bankers (JAIIB) and the Certified Associates of Indian Institute of Bankers (CAIIB) exams. While the November 2022 cycle for JAIIB has been completed, details about the new syllabus, which will take effect in the May/June 2023 cycle, will become available in the future.
14th Jan 2023
Myonlineprep
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JAIIB May 2023 | Subjects under JAIIB New Syllabus from Macmillan Books for May 2023 Exam
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