• Evolution of Indian Economy

• Basic Characteristics of the Indian Economy

• Indian Economy in Pre-British Period

• Economy till 2008 & after 2008

• Structural changes in the Indian Economy

• Definition of Economic Planning

• History of Economic Planning

• Objectives of Economic Planning

• Types of Planning

• Achievements of Planning

• Financial resources for 5-year plans

• Role & Importance of Primary

• Secondary, Tertiary, Quaternary & Quinary Sectors

• Different Revolutions in the Primary Sector

• Difference between the sectors

• GDP contribution of different sectors

• Agriculture, Industry, Services

• Employment growth rate in the secondary sector

• Sunrise Sector of Indian Economy

• Organised and Unorganised sectors

• Definition & Role of Priority Sector

• List of Priority Sectors identified in India

• Priority Sector Lending Norms

• Definition of MSME

• Role & Significance of MSME in economic development

• Contribution of MSMEs to GDP

• Recent Initiatives in MSME sector viz.,

• Atmanirbhar Bharat package

• Make in India, Start-up India, Stand-up India, etc.

• Infrastructure & Economic Development

• Energy, Power, Transport system viz.

• Rail, Road, Civil Aviation

• Concept of Social Sector & Social Infrastructure

• Health, Education, Family Welfare

• Development of Health Infrastructure

• Globalisation and its Advocacy

• Globalisation and its Impact on India

• Fair Globalisation & the Need for Policy Framework

• Globalisation in reverse gear – The Threatened Re-emergence of Protectionism

• A brief overview

• Transformation

• Economic Transformation – Real Sector, Economic Transformation – Financial Sector, Economic Transformation – Integration with the Global Economy

• Economic Reforms in India

• FTP – Structural Changes during the 1990s,

• FTP policy – 2015-2020

• Challenges to be addressed in upcoming FTP

• FDIs, FIIs and Recent trends

• Economic development vs economic growth

• Importance of economic development as a dimension, etc.

• IMF and World Bank

• WTO- India and WTO

• Regional Economic Co-operations

• Recent International Economic Issues

• Core elements of Sustainable Development

• Global Issues and Initiatives

• India’s progress in SDGs including Climate change

• CSR Activities

• Poverty Alleviation

• Jobless growth

• Rising Inequalities

• Migration and excessive pressure on resources

• Possible remedies

• Pandemic situations

JAIIB IE and IFS Syllabus 2026 - Module B - Economic Concepts Related to Banking

• Economics – An Introduction

• Microeconomics and Macroeconomics

• Types of Economies: Market, Command, and Mixed Economies

• The Demand Schedule

• Forces behind the Demand Curve

• shifts in Demand

• The Supply Schedule

• Forces behind the Supply Curve

• shifts in Supply

• Equilibrium of Supply and Demand

• Effect of a Shift in Supply or Demand

• Interpreting Changes in Price and Quantity

• What is Money

• Money Supply

• Inflation, Causes of Inflation

• Measures of Inflation

• Classical Theory of Rate of Interest

• Keynes’ Liquidity Preference Theory of the Rate of Interest

• Money Demand Curve

• Determination of Rate of Interest: Equilibrium in the Money Market

• Effect of an Increase in the Money Supply

• Shifts in Money Demand or Liquidity Preference Curve

• Hicks-Hansen Synthesis: IS-LM Curve Model

• Characteristics of a Business Cycle

• Phases of a Business Cycle

• Tools of Monetary Policy:

• How did Monetary Policy in India Respond to the Global Financial Crisis?

• Fiscal Policy, FRBM Act

• Computation

• Utility

• Receipts

• Expenditure

• Plan Expenditure

• Deficit Concepts

• What is a Financial System?

• Phase I: Pre-1951 organisation, Phase II: 1951 to Mid-eighties organisation, Phase III: Post-Nineties Organisation,

• Narasimham Committee (1991) on the banking system in India

• Reform of the Banking Sector (1992-2008)

• Present Status of Banking System

• Functions

• Development of Banking in India

• Scheduled Commercial Banks- Types and functions, Local Area Banks, Regional Rural Banks

• Cooperative Banks: Types, Payment Banks and Small Finance Banks, NBFCs, Key RBI Guidelines

• Background of Enactment

• PART-I Reserve Bank of India Act

• 1934: Chapter I to Chapter V

• Schedules to the RBI Act, 1934

• PART-II Banking Regulations Act 1949

• Background and Structure of the Banking Regulation Act: Section 1 to Section 56

• Evolution of Development Financial Institutions in India

• Gaps in the Post-Independence Financial System

• Objectives of Development Financial Institutions, Classification of DFIs

• Role of DFIs in the Indian Economy

• Changing Role of DFIs and Emergence of Universal Banks,

• Industrial Finance Corporation of India (IFCI)

• Industrial Credit and Investment Corporation of India (ICICI)

• Industrial Development Bank of India (IDBI)

• Small Industries Development Bank of India (SIDBI)

• Export-Import Bank of India (EXIM Bank) 

• National Bank for Agriculture and Rural Development (NABARD)

• National Housing Bank (NHB)

• National Bank for Financing Infrastructure and Development (NaBFID).

• Evolution of Microfinance in India, Grameen Bank Model

• Delivery of Microfinance

• SHG-Bank Linkage Programme

• Joint Liability Groups (JLGs)

• Regulatory Framework for Microfinance Institutions

• Inclusion of Bank Finance to Microfinance Institutions in Priority Sector Lending

• Regulatory Framework for Microfinance Loans RBI Directions 2022

• RBI’s Fair Practices Code for NBFC-MFIs

• What is a Non- Banking Financial Company (NBFC)?

• Evolution of NBFCs in India

• Role of NBFC in Promoting Inclusive Growth of India

• Regulators of NBFCs

• Classification of NBFCs

• Regulatory Oversight by RBI on NBFCs

• Types of NBFCs, Concept of Owned Funds and Net Owned Funds (NOF) for NBFCs, Bank Finance to NBFCs, Fair Practice Code for NBFCs

• Applicability of Ombudsman Scheme to NBFCs

• Scale-Based Regulation (SBR): A Revised Regulatory Framework for NBFCs

• History and Development of Insurance.

• Privatisation and Foreign Direct Investment (FDI) in the Insurance Sector.

• Insurance Business Globally and in India. Insurance Penetration and Density.

• Number of Insurance Companies Operating in India.

• Legislation Governing the Operation of Insurance Companies

• Insurance Intermediaries.

• Reinsurance.

• Insurance Repository’s Insurance Account.

• Role of Financial Sector Regulators in an Economy

• Reserve Bank of India (RBI)

• Securities and Exchange Board of India (SEBI)

• Insurance Regulatory and Development Authority of India (IRDA)

• Pension Fund Regulatory and Development Authority (PFRDA)

• Bad Banks

• Infrastructure financing

• Formation/role of NaBFID-National Bank for Financing

• Infrastructure & Development

• Basic concepts on EASE

• What is a Financial Market?

• Evolution of the Financial Market

• Segments of Financial Markets

• Functions of Financial Markets

• Price Discovery.

• Call Money

• Notice Money and Term Money

• Treasury Bills

• Certificates of Deposit

• Commercial Paper

• Repo, Tri-Party Repo, Bill Rediscounting Scheme (BRDS), Long-Term Repo Operations (LTRO).

• Government Securities

• Bond Valuation and Theorems

• Auction of Government Securities

• Primary Dealers

• Fixed Income Money Market and Derivatives Association of India (FIMMDA)

• RBI Retail Direct Scheme (RDS)

• Corporate Bond Market

• Inter-Corporate Deposits.

• Primary Market

• Secondary Market Stock Exchanges in India

• Financial Products/Instruments Dealt with in the Secondary Market

• Regulatory Requirements Specified by SEBI for Corporate Debt Securities

• Commonly Used Terms in the Capital Market

• Types of Capital Issues in the Primary Market

• Eligibility Norms for Making Capital Issues

• Intermediaries in an Issue in the Primary Market Applications Supported by Blocked Amount (ASBA)

• Qualified Institutional Placement (QIP).

• Profile of Foreign Exchange (Forex) Market

• Evolution of the Forex Market in India

• Characteristics of the Forex Market

• Market Participants

• LIBOR and Alternate Reference Rates (ARRs)

• Foreign Exchange Dealers Association of India (FEDAI) Foreign Exchange Management Act (FEMA)

• 1999, FX-Retail Platform

• US Dollar Index (USDX)

• American Depository Receipt (ADR) and Global Depository Receipt (GDR).

• Process of Interconnectedness of Financial Markets

• Reasons for interconnectedness

• Importance of Interconnectedness of Financial Markets

• Heterogeneity of Financial Markets

• Achievement of Market Integration in India

• Different Levels of Market Integration

• Asian Clearing Union, Benefits and Costs of Interconnectedness of Markets,

• Interconnectedness of the Money Market

• Interconnectedness of the Credit Market

• Interconnectedness of the Capital Market

• Interconnectedness of the Forex Market

• Integrated Treasury Operations

• Contagion Effect.

• Definition of Merchant Banking

• Historical Background

• Development of Merchant Banking in India

• Merchant Banking Vs Commercial Banking

• Licensing Requirements

• SEBI Regulations on Merchant Banking

• Activities of Merchant Banks

• Key Policy Requirements as per SEBI Regulation

• Key Codes of Conduct as per SEBI Regulations.

• What is a Derivative?

• History of Derivatives

• Size of the Derivatives Market

• Underlying Assets

• Exchange-Traded and Over-the-Counter Markets

• Participants in the Derivatives Market,

• Functions of Derivatives,

• Types of Derivatives, Forward Contracts, Futures, Options, Swaps, Credit Default Swaps (CDS), RBI Guidelines on Credit Default Swaps,

• Documentation for Derivatives – ISDA Agreement.

• What is Factoring?

• History of Factoring

• Types of factoring

• Domestic Factoring

• International Factoring

• Bills Discounting vs Factoring

• Fees Involved in Factoring

• Advantages of Factoring

• What is Forfaiting?

• Mechanism of a Forfaiting Transaction

• Fees Involved in Forfaiting

• Advantages of Forfaiting

• Differences between Factoring and Forfaiting

• What is TReDS?

• Participants under TReDS

• Process Flow under TReDS

• Eligibility Criteria to Set Up and Operate TReDS.

• Concept of Venture Capital

• Evolution of Venture Capital in India

• Characteristics of Venture Capital Finance

• Stages of Venture Capital Financing

• Process of Venture Capital Financing

• Regulatory Aspects of Venture Capital Funds

• Modes of Venture Capital Financing

• Advantages and Disadvantages of Venture Capital Financing

• Exit Routes for Venture Capital Finance

• Lease Finance

• Evolution of Leasing in India

• Types of Leasing

• Advantages and Disadvantages of Lease Finance

• Market Share of Various Leased Asset Classes

• Impact of Leasing on Financial Ratios

• Legal Aspects of Leasing

• Regulatory Aspects of Leasing Activities

• Hire Purchase

• Evolution of Hire Purchase in India

• Legal Aspects of Hire Purchase

• Parties to a Hire Purchase Contract

• Leasing and Hire Purchase Compared

• What is a Credit Rating?

• Credit Rating Agencies (CRAs)

• History of Credit Rating

• Characteristics of Credit Rating

• Importance of Credit Rating

• Benefits of Credit Rating

• Factors Considered While Rating Companies/Instruments

• Process of Credit Rating

• Credit Rating Symbols

• Ratings Outlook

• Regulations for CRAs in India

• Fees for Credit Rating

• What is Credit Scoring?

• Credit Information Companies (CICs) in India

• Membership in CICs

• Regulatory Guidelines Governing CICs

• Credit Scores

• Difference Between Credit Ratings and Credit Scores

• Mutual Funds and Their Functions

• Management of Mutual Funds

• Evolution of Mutual Funds

• Classification of Mutual Funds

• Role of Mutual Funds

• Supervision of Mutual Funds

• New Fund Offer

• Risks Associated with Mutual Funds

• Risk Depiction – Riskometer

• Net Asset Value (NAV)

• Expense Ratio

• Load/No-Load Funds,

• Strategies for Investment in Mutual Funds

• Role of Mutual Funds in the Capital Market

• Alternative Investment Funds.

• What is Insurance?

• Fundamental Principles Governing Insurance Products

• Classification of Insurance

• Types of Insurance Business

• Group Insurance Schemes

• Micro Insurance

• Insurance-Based Social Security Schemes,

• Bancassurance,

• Insurance Ombudsman Scheme,

• Government Business Products (Social Security Schemes like PMJJBY, PMSBY).

• Pension System and its Aspects

• Pension Products

• Different Types of Pension Schemes:

• Employees' Provident Fund Scheme

• Public Provident Fund (PPF) Scheme

• Insurance Annuity Schemes

• National Pension Scheme (NPS)

• Atal Pension Yojana (APY).

• Types of Para Banking and Financial Services Provided by Banks

• Organisation of Para Banking and Financial Services Activities by a Bank

• Para-Banking and Financial Services Undertaken by a Bank

• Disclosure of Commissions/Remunerations earned from Para Banking and Financial Services Activities.

• What are Real Estate Investment Trusts (REITs)

• History of REITs

• Organisation of REITs

• Types of REITs

• Difference Between REITs and Real Estate Mutual Funds

• Advantages and Disadvantages of Investing in REITs

• Comparison of Various Modes of Investment in Real Estate

• Taxation Guidelines for Investors of REITs

• Regulatory Guidelines for REITs. What are Infrastructure Investment Trusts (InvITs)

• Organisation of InvITs

• Rationale for Setting up InvITs

• Activity of InvITs in India

• Types of InvITs

• Advantages and Disadvantages of InvITs

• InvIT’s Revenue Model

• Taxation on Investments in InvITs.