Page 42 - Banking Finance July 2021

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Y Good understanding of regulations and their impact on business decisions reason could be that the syllabus is

Y Good understanding of individual customers in general and corporate normally designed by a committee
comprising retired bankers at the level
customers in particular for business development and relationship building
of AGM/DGM who are readily available
for such an exercise and a few middle
Technical competencies
management serving professionals.
Y Ability to understand customer needs Views from the stakeholders such as
Y Ability to drive and implement change in operational environment bank employees, human resources
development departments of bankers,
Y Business development and sales skills
ceos of commercial banks, a cross
section of customers such as depositors
Competencies for a banking professional
,borrowers and others who avail of
Knowledge in Skills Values banking services may be sought and
Risk Management Business thinking Learning examined by the syllabus revision
Foreign Exchange Decision making Listening committee for necessary changes in
Credit Appraisal Applying judgements Innovation the syllabus to suit diverse
Banking Practices Managing quality standards Support requirements in banks.
Legal aspects of Banking Getting things done Collaboration
The examination system needs to be
Monetary Economics through subordinates Transparency
perfected and the questions should be
Analysis of Financial Customer Experience designed to test the bankers on
Statement Team management
practical aspects with actual case
Individual management
studies and currently even MBAs/CAs
fail in papers like Accounting and
Role of Indian institute of banking and finance Finance because questions are not

Indian Institute of Banking and Finance is a professional education institute, germane to the practical banking
promoted by commercial and,co-operative banks with a mission to develop aspects. The Institute, instead of
professionally competent bankers primarily through education, training , offering mark-based theoretical
examination and continuing professional development. The institute offers a banking papers, may offer a plethora
bouquet of academic programmes. JAIIB ( basic level) and CAIIB ( advanced level) of modular programmes on different
are the flagship programmes offered by the Institute and any bank .employee aspects of banking such as risk
who completes JAIIB and CAIIB are considered to be professional bankers. The management, Basel III, NPA
number of bank employees who appear for these examination are also on the management, SME Lending, Rural
rise year after year thanks to increments offered by banks to bank employees Financing, Export and Import
for passing JAIIB and CAIIB examinations. Weightage in promotion to higher levels financing, NRE Accounts etc to name
is also given to JAIIB/CAIIB holders. a few, and offer credits to each
programme with minimum qualifying
The subjects of JAIIB with three papers and CAIIB with another three papers are standards instead of marks for having
not tailored to practical orientation and are too bookish and needs a through passed the module and a student who
revamp and the syllabus is also out -date and is divorced from current banking secures, say, 12 credits may be
realities.For example ,it contains units like share issue in Accountancy paper where awarded the professional certification.
book-keeping entries still follow the practices of the eighties and nineties where More than ninety percent of the bank
as the market practice for issue of shares has undergone a drastic change. The employees are into retail banking and
syllabus revision took place last time in the year 2005 and some minor changes they should be allowed to choose 12
are done in the syllabus over the years. By and large ,the syllabus does not modules from a multitude of modules
measure upto the exacting standards required of a professional bankers. One which are relevant to them in day -to -

42 | 2021 | JULY | BANKING FINANCE