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JAIIB LRB Updated Syllabus PDF & Exam Pattern 2022

JAIIB LRB Updated Syllabus PDF & Exam Pattern 2022: JAIIB LRB Syllabus 2022 is for all those aspirants who are targeting JAIIB 2022 November Exam. JAIIB LRB Syllabus has been updated as new topics are introduced and a few changes have been made in the recent topics. Candidates need to go through the JAIIB LRB Updated syllabus completely to prepare for their paper of Legal and Regulatory Aspects of Banking. In this article, we have provided the complete LRB Syllabus together with the PDFs of the updated topics so that the aspirants can prepare their own strategy and crack the JAIIB LRB Exam 2022. JAIIB LRB Syllabus 2022 will be beneficial for all the candidates as the whole syllabus of LRB is summed up here and aspirants can also download the PDF mentioned below.

JAIIB Exam Pattern 2022

JAIIB( Junior Associate of Indian Institute of Bankers) is one of the flagship courses conducted by the Indian Institute Of Banking And Finance(IIBF). This year IIBF is going to conduct the JAIIB exam of the November Session on the 12th, 13th, and 20th November 2022. IIBF provides the exam pattern for JAIIB. The main highlights of the JAIIB Exam 2022 are as given below:

  • The JAIIB Exam 2022 will be conducted in Online Medium only.
  • JAIIB Exam 2022 has three papers: Principles and Practices of Banking, Accounting and Finance for Bankers, Legal and Regulatory Aspects of Banking.
  • Each of the three papers will be having 120 multiple choice questions of 100 marks.
  • The time duration allotted to complete each paper will be 2 hours.
  • The exam paper will be bilingual i.e. both in English and Hindi Language.
  • There is no negative marking in the JAIIB Exam 2022.
  • Candidates need to score at least 45% marks in each subject and 50% marks in aggregate in a single attempt to qualify
  • Candidates need to pass this exam in 4 consecutive attempts within 2 years after doing registration for the JAIIB exam
  • If you are unable to qualify within this 2-year time limit then you have to re-enroll yourself
  • The time limit of 2 years will begin from the date of application for the first attempt to appear for the JAIIB Exam.
Papers No. of Questions Total Marks Duration
Principles and Practices of Banking 120 100 2 hours
Accounting and Finance for Bankers 120 100 2 hours
Legal and Regulatory Aspects of Banking 120 100 2 hours

JAIIB LRAB Syllabus 2022 June Exam, Topic-Wise Detailed Syllabus

Topic wise detailed syllabus of Legal and Regulatory Aspects of Banking (LRB) is essential for a candidate preparing for the upcoming JAIIB LRB Exam 2022. JAIIB( Junior Associate of Indian Institute of Bankers) Exam is conducted by the Indian Institute Of Banking And Finance(IIBF) so IIBF provides the detailed syllabus. The PDFs of the recently added topics have been provided below in the table. To get the complete information aspirants can click on the given link and download the PDF.

Topic Download PDF
RBI Notifications July’21 to December’21 Download Link
Subject Updates-January to June 2021  Download Link
Corrigendum JAIIB- Legal and Regulatory Aspects of Banking Download Link

In the article below we have discussed the complete syllabus of Legal and Regulatory Aspects of Banking along with their important modules. The important topics of the modules that a candidate has to cover for their JAIIB Exam are also mentioned.

Module A: Regulations and Compliance

The first Module of Legal and Regulatory Aspects of Banking is Regulations and Compliance. Some of the Important Chapters of this module along with its topics are mentioned below.

  • Legal Framework of Regulation of Banks: Legal Framework of Regulation of Banks unit contain: Business of Banking ;Constitution of Banks;(RBI Act) Reserve Bank of India Act, 1934, Banking Regulation Act, 1949,  Reserve Bank of India’s role; Control over Co-operative Banks; Government as the Regulator of Banks; Regulation by other Authorities, etc.
  • Control over Organization of Banks: This unit, contains topic such as Licensing of Banking Companies; Licensing of Branches; Paid-up Capital and Reserves; Shareholding in Banking Companies; Banking Companies’ Subsidiaries; Board of Directors; Control over Management; Chairman of Banking Company; Appointment of Additional Directors; Restrictions on Employment; Corporate Governance; Directors and Corporate Governance, etc.
  • Public Sector Banks and Co-operative Banks: Details regarding various banks like State Bank of India and its Subsidiaries; Regional Rural Banks (RRBs); Nationalized Banks; Application of Banking Regulation Act to Public Sector Banks (PSBs); Disinvestment of Shares by Government; Co-operative Banks are the main topics of this unit.
  • Financial Sector Development Council: It contains the role and functions of the Financial Sector Development Council.
  • Financial Sector Legislative Reforms:  This unit contain the need for reforms, approaches for it, and Important Reforms.
  • Recent Legislative Changes in the RBI Act: Recent Legislative Changes that have been made in the RBI Act and what was the purpose of these changes are dealt in this unit.
  • Regulation of Banking Business:  The main focus of this unit is on the concepts regarding the Power of Reserve Bank of India to Issue Directions; Acceptance of Deposits; Loans and Advances; Regulation of Interest Rates; Regulation of Payment Systems; Nomination Procedures; Regulation of Money Market Instruments; Internet Banking Guidelines; Banking Ombudsman Scheme; Maintenance of Cash Reserve Ratio – CRR, Reserve Funds; Statutory Liquidity Ratio – SLR; Assets in India.
  • Returns Inspection, Winding-up, Mergers and Acquisitions: How Annual Accounts and Balance Sheets are prepared; Audit of Accounts and Auditors; Submission of Returns; Preservation of Records and Return of Paid Instruments; Board for Financial Supervision; Inspection & Scrutiny; Acquisition of Undertakings; Amalgamation of Banks; Winding up of Banks; Penalties for offenses, etc. are the main highlights of this topic.

Module B: Legal Aspects of Banking Operations

Legal Aspects of Banking Operations contains the below provided chapters:

  • Different Types of Borrowers: Different kinds of Borrowers including Limited Liability Partnerships (LLPs) is given in this topic.
  • Secured and Unsecured Loans, Registration of Firms and Incorporation of Companies: Secured and unsecured loans and talks of the need for Secured Loans; Registration of Firms; Consequences of Not Registering of Firms; Incorporation of a Company, etc. are dealt in the given topic.
  • Types of Credit Facilities: The main focus of this unit is on  what are the different types of Facilities like Cash Credit (CC), Overdraft (OD), Demand Loans (DL), Term Loans (TL), and Bill Finance.
  • Letters of Credit: Letters of credit contains the General Considerations of Letters of credit; who are the Parties to a Letter of credit; Types of LCs; Documents under a Letter of credit; Banks obligation for payment of Letter of credit; Uniform Customs and Practice for Documentary Credits 600 (UCPDC 600).
  • Deferred Payment Guarantees:  The purpose of Deferred Payment Guarantee and Methods of Payment under DPGs are provided in this unit.
  • Bank Guarantees: This unit deals with the kinds of Bank Guarantees, how it is Banker’s Duty to Honor Guarantee; Precautions that are required to be taken for the Issuance of Bank Guarantee and for Payment under Bank Guarantee; Guarantee Invocation & Enforcement.
  • Laws Relating to Bill Finance: Classes of Bills and Laws Governing Bills; Classification of Bills; Bill Finance Categories; Bill Finance and Banker’s Legal Position are the main focus points of this topic.
  • Indemnities: The highlights of this unit is on what is the Contract of Indemnity; Characteristics of Contract of Indemnity and Guarantee; Obligations of a Banker; Precaution and Rights of an Indemnity Holder; Scope and Application of Indemnity Contracts to Banks.
  • Case Laws on Responsibility of Collecting Bank: This unit tells us all about how Collecting Bank has Statutory protection  Duties of Collecting Bank.
  • Various Types of Securities: Types of Securities; Escrow as well as Trust and Retention Arrangements etc. are provided in this topic.
  • Laws Relating to Securities and Modes of Charging – I: All about Mortgage, its Types and how they are enforced, etc. are in this unit.
  • Laws Relating to Securities and Modes of Charging – II: It deals with concepts such as Lien; Pledge and Hypothecation etc.
  • Case Laws on Responsibility of Paying Bank: The unit contains Case Laws on Negotiable Instruments Act (NI Act) and Paying Banks; the Liability of Paying Banker; Payment in due course; Payment in Good Faith; whether Payment under Mistake is Recoverable or not, etc.
  • Registration and Satisfaction of Charges: Meaning of Charge, Procedure for the Registration of Charge; the effect of Non-registration of Charges; Various provisions of Law relating to Registration of Charges, etc. are discussed in this chapter.

Module C: Banking Related Laws

For a banking employee it is very necessary to know the Banking Related Laws. The third module of LRAB deals with the Banking Related Laws.

  • The Recovery of Debts and Bankruptcy Act, 1993 (RDB Act):  Various objectives of the Act, the Constitution of the Tribunals (DRTs), Procedures and Enforcement process, etc. are given in this topic.
  • Securitization and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (SARFAESI):  The concepts on Constitutional Validity; the Definitions of terms under the Act; Central Registry; Regulation and Reconstruction; Enforcement of Security Interest; Offences and Penalties for defaults and some other Miscellaneous Provisions are focused in this topic.
  • The Consumer Protection Act, 1986 and CERSAI (Central Registry of Securitization Asset Reconstruction and Security Interest of India): This unit deals with the ACT, the Extent and various Definitions and Objectives of CERSAI; Consumer Protection Councils; Consumer Disputes Redressal Agencies; and important provisions of CERSAI – Central Registry of Securitization Asset Reconstruction and Security Interest of India, etc.
  • Banking Ombudsmen Scheme: Banking Ombudsmen scheme deals about what is the purpose of the scheme; the Extent of its applicability; Definitions; Establishment; Powers and Procedure for Grievance Redressal.
  • The Legal Services Authorities Act, 1987: The Act takes us through the system of Lok Adalats – the Organization; the Jurisdiction; the Disposal of Cases and Awards, etc.
  • Tax Laws: The taxes like Income Tax Act; Commodity Transaction Tax; Service Tax Act, Negotiable Instruments Act, 1881 are mainly focused in this unit.
  • The Law of Limitation: Limitation Act defines what limitation is, how it is computed and some Important Provisions that are given in the schedule to the Limitation Act.
  • Payment and Settlements Systems Act, 2007: This act deals with the information regarding the applicability of the Act; definitions and some Important Provisions.
  • Bankers Books Evidence Act, 1891: This act deals about the applicability of the act; Definitions, and some Important Provisions under it.

Module D: Commercial Laws with reference to Banking Operations

The last Module of LRAB is related to the Commercial Laws with reference to Banking Operations. Some of its units and their topics are provided here:

  • The Sale of Goods Act, 1930: Different Features of the Act, concepts like Sale and Agreement to Sell, Express and Implied Contracts; Conditions and Warranties attached to a good; Rights of Unpaid Seller are the topics of this unit.
  • Indian Partnership Act, 1932:  Various Terms and Types of Partnerships; Relation of partners to one another and to 3rd Parties; how does a Minor gets admitted to the benefits of partnership; how the firm is Dissolved; Effect of non-registration; Limited liability partnerships (LLP) formation, registration, rights, and liabilities of partners are discussed in this unit.
  • Indian Contract Act, 1872:  The meaning and some essential terms and provisions of the contract and contains concepts like Contract of Indemnity and Rights of Indemnity Holder; Contract of Guarantee; Contract of Bailment; Contract of Pledge and Contract of Agency are the main highlights of this unit.
  • The Companies Act, 1956 (Now Companies Act, 2013): Various terms that come under this act, Features & Types of companies; Memorandum and Articles of Association (MOA & AOA); the concepts such as Doctrine of Ultra Vires, Constructive Notice, Indoor Management; Membership of Company, Acquisition, Cessation, Registration, Prospectus; Rights & Duties of Members, Directors; Winding up of Companies, etc. are dealt in this chapter.
  • Foreign Exchange Management Act, 1999: Foreign Exchange Management Act (FEMA), 1999 includes some important Terms that are defined under the Act; Powers of Reserve Bank of India, Regulation & Management of Foreign Exchange; Directorate of Enforcement.
  • Transfer of Property Act, 1882: Transfer of Property Act, 1882 includes all about the Sale, Mortgage of Immovable Property; Sale with and without court intervention; Types of Mortgages; Lease of Immovable Property, etc.
  • The Right to Information Act, 2005: This Act talks about its applicability; Definition and Important Provisions, etc.
  • The Prevention of Money Laundering Act, 2002: PMLA, 2002 provides us the obligations, which records are to be maintained; Procedure for Maintaining and Furnishing Information; Maintenance and Verifications of Records of Identity of Clients.
  • Information Technology Act, 2000:  Definitions; Certifying Authorities; E-Governance; Digital Signature Certificates; Penalties; how one can Appeal under this Act are dealt in this act.
  • Definition and features of a company:  The definition and characteristics of a Company and differences between  Company and Partnership are the main focus of this chapter.
  • Right to Information and Obligation of Public Authorities: The Obligations; Procedures of Disposal; Appeal; Orders and Penalties etc. are mentioned in this topic.

JAIIB LRB Syllabus 2022: Download PDF

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FAQs: JAIIB LRAB Syllabus 2022 Exam

Q.1 Where can we get the detailed syllabus of Legal and Regulatory Aspects of Banking(LRAB) for JAIIB 2022 Exam?

Ans. The detailed syllabus of LRAB is discussed in the article above.

Q.2 How many modules are there in the LRAB Paper for JAIIB Exam 2022?

Ans. There are four modules in the LRAB Paper for JAIIB Exam 2022.

 

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