Important Topics for Retail Banking and Wealth Management JAIIB

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Important Topics for Retail Banking and Wealth Management JAIIB: IIBF will hold the JAIIB Exam for 2023 around May or June. However, from 2023 onwards, the exam pattern and syllabus will be drastically changed. This goes for both JAIIB and CAIIB as well. Candidates can find these changes and comparisons between the syllabus and exam pattern in our blogs.
For JAIIB, rather than 3 papers there will now be 4 papers. LRAB has been replaced by Indian Economy and Indian Financial System. This was initially Module I of PPB. The newly introduced paper is Retail Banking and Wealth Management. This will be the focus of this blog. We will be covering important topics for retail banking and wealth management.

JAIIB 20M

Important Topics for Retail Banking and Wealth Management JAIIB: Syllabus for 2023

Before we jump into the topics for paper 4, let us take a look at the new syllabus released by IIBF and compare it with the old syllabus:

Old Syllabus

ModulePaper I-
Principles & Practices of
Banking
Paper II-
Accounting & Financial Management for
Bankers
Paper III-
Legal and Regulatory Aspects of Banking
AIndian Financial SystemBusiness Mathematics and FinanceRegulations and Compliance
BFunctions of BanksPrinciples of Bookkeeping and AccountingLegal Aspects of Banking Operations
CBanking TechnologyFinal AccountsBanking Related Laws
DSupport Services, Marketing of BankingBanking OperationsCommercials Laws with Reference to Banking Operations
EEthics in Banks and Financial Institutions

New Syllabus

ModulePaper I-
Indian Economy &
Indian Financial
System
Paper II-
Principles & Practices of
Banking
Paper III-
Accounting & Financial Management for
Bankers
Paper IV-
Retail Banking & Wealth Management
AIndian Economic
Architecture
General
Banking Operations
Accounting Principles
and Processes
Introduction to Retail
Banking
BEconomic Concepts Related to bankingLending Operations of
Banks
Financial Statements
and Core Banking Systems
Retails Products and
Recovery
CIndian Financial
Architecture
Banking TechnologyFinancial ManagementSupport Services – Marketing of Banking Services / Products
DFinancial Products
and Services
Ethics in Banks and Financial InstitutionsTaxation and Fundamentals of
Costing
Wealth Management

As we can see there are 4 papers rather than 3, and LRAB has been replaced by Indian Economy and Indian Financial System, and Retail Banking and Wealth Management has been introduced as a new paper.

Important Topics for Retail Banking and Wealth Management JAIIB

As you can see, Paper IV has the following modules:

  1. Module A: Introduction to Retail Banking
  2. Module B: Retails Products and Recovery
  3. Module C: Support Services – Marketing of Banking Services / Products
  4. Module D: Wealth Management

Let’s take a look at these topics briefly. Keep in mind that this is not the official syllabus. IIBF will release a detailed topic-wise syllabus at a later date. For the time being, these topics have been borrowed from the syllabus of the CAIIB elective.

1. Module A: Introduction to Retail Banking

This is basically the introductory module. It’ll cover the following topics:

  • Definition and description of retail banking
  • Advantages and constraints of retail banking
  • Prerequisites for retail banking
  • Challenges to retail banking
  • Reasons for growth in the retail banking sector
  • Products and services offered by the retail banking sector

2. Module B: Retail Products and Recovery

Retail products are the various products and services offered in the retail banking sector and recovery refers to mainly the recovery of loans. Some of the topics covered are as follows:

  • Customer Requirement
  • Product Development Process
  • Credit Scoring
  • Important Retail Asset Products
  • Credit and Debit Cards
  • Remittance Period

Recovery in Retail Banking:

  • Repayment in Retail Loans
  • Defaults and Rescheduling in Retail Loans
  • Monitoring of Loan Accounts
  • Classification of Irregular Loan Accounts
  • Recovery Policy of Banks
  • SARFAESI Act 2002
  • Debt Recovery Tribunals
  • Recovery through Lok Adalat
  • Recovery Agents

3. Module C: Support Services- Marketing of Banking Services and Products

Banks also have the need to market their services. These may include, different credit and debit cards, locker facilities, loans, etc. So this module mainly covers the various sides of marketing in retail banking.

  • Marketing in Retail Banking
  • Delivery Channels in Retail Banking
  • Customer Relationship Management in Retail Banking
  • Service Standards for Retail Banking
  • Technology in Retail Banking

4. Module D: Wealth Management

The topics for this subject have been taken with reference to Advanced Wealth Management, which is a Diploma course offered by the IIBF. This module mainly covers the long-term planning that is involved in various investments. The topics are as follows. For further detail, you may refer to the AWM syllabus here.

  • Introduction to Financial Planning
  • Risk Analysis, Insurance, and Retirement Planning
  • Investment Planning, Tax Planning, and Estate Planning

Conclusion

IIBF has introduced Retail Banking and Wealth Management as a new subject. The increasing need for more proficient and aware banking professionals has prompted IIBF to upgrade its testing too. Further details for the new syllabus will be revealed closer to the exam time.

Important Topics for Retail Banking and Wealth Management JAIIB: Frequently Asked Questions

When will IIBF introduce the new syllabus and exam pattern for JAIIB/CAIIB?

The new syllabus and exam pattern will be introduced in from the May/June 2023 cycle onwards.

Where can I find the updated JAIIB syllabus?

The notification detailing the updated exam pattern and syllabus for JAIIB/CAIIB can be found here.

How many new papers have been introduced in JAIIB?

JAIIB’s Legal and Regulatory Aspects of Banking has been replaced by Paper I- Indian Economy and Indian Financial System and a new paper Paper IV – Retail Banking and Wealth Management has been introduced. Thus in total while there are 2 new papers, the number of papers candidates have to give is 4 rather than 3.


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