STUDY STRATEGY FOR JAIIB-LRAB.
Dear All JAIIB-CAIIB Aspirants. Last time I've Discussed (Updated) about:
1. JAIIB-CAIIB STUDY STRATEGY & PLAN
2. A SHORT STORY OF BEHIND MY JAIIB-CAIIB SUCCESS IN 1st ATTEMPT
3. 10 HABITS TO CLEAR CAIIB
4. 5 HABITS TO CRACK JAIIB-JAIIB.
5. STUDY STRATEGY FOR CAIIB-ABM & BFM.
6. STUDY STRATEGY FOR JAIIB-PPB.
7. STUDY STRATEGY FOR JAIIB-LRAB..
Dear JAIIB Aspirants.
2Day Let us discuss about Strategy for the study of LRAB (Legal & Regulatory Aspects of Banking) Subject, Which Many People finds Very Difficult to clear. If You Study Properly, It's Very Easy to Clear LRAB.
This Subject Contains 4 Modules:
MOD-A: Regulations & Compliance
MOD-B: Legal Aspects of Banking Operations
MOD-C: Banking Related Laws
MOD-D: Commercial Laws with Reference to Banking Operations.
This Subject mainly Cakewalk for LLB Graduates (Students) & Very tough even than AFB Subject, as it's full theoretical Subject.
-As We're Bankers WE get very less time for Study. So, How to decide Which Topics to be Read & Which Topics Slipped?.
IMPORTANT TOPICS FROM EACH MODULE:
1. MOD-A: REGULATIONS & COMPLIANCE
-Legal Framework
-Returns, Inspection & Mergers
-PSB & Co-Operative Banks.
This MOD is have 5 Topics & You'll learn, Constitution of Banks, What're Banks, Types of Banks, Regulator of Banks, Banking Ombudsman, Payment Systems, Etc.
Give 1st Preference to this MOD (If You want to start with Theory).
2. MOD-B: LEGAL ASPECTS OF BANKING OPERATIONS
-Borrower & Credit Facility Types
-Bank Guarantees
-Bill Finance Laws
-Reg & Satisfaction Charges.
This MOD has 14 Topics & Will discuss about Responsibilities of Bank while doing its duties & Some more important topics those will come in CAIIB.
Some Important & Easy Topics in this MOD are: Responsibities of Paying/Collecting Banks, Indemnities, Bank Guarantees, LOC (VV Important Topic in whole JAIIB-CAIIB), Types of Credit Facilities, Secured & Unsecured Loans, Etc.
MOD-C: BANKING RELATED LAWS
-SARFASI Act
-BBE Act
-Lok Adalats
-Income Tax Act.
This MOD has 21 Topics & Heart of the Subject. Because all the Laws are in this MOD.
Don't think that reading Years of Acts is sufficient. In this MOD All Topics are Very Important & Easy to Study.
Some Topics are: SARFASI Act-2002 (Introduction & Definition), Banking Ombudsman Scheme-2006, DRT Act, BBE Act-1891, LSA Act, CP Act, Tax Laws, Etc.
MOD-D: COMMERCIAL LAWS WITH REFERENCE TO BANKING OPERATIONS
-Contract Act
-N.I. Act
-BR Act
-Partnership Act
-RBI Act
-Limitation Act
-Company Act.
This MOD has 28 Topics & If You see, the 1st time You'll get Emotional Tears as it's the most heaviest of All MODs (But know a proverb 'All that Glitters isn't Gold' its easiest among all MODs). Because these Chapters are Simple & Easy to learn Topics, You can pay this MOD as 1-liner Stories.
These MOD has all the related Laws that in Topics of 2nd Subject of AFB.
Some Topics are: Contracts of Indemnity, Guarantee, Bailment, Pledge & Agency, Partnership Basics, Types of Companies, Etc.
-Overall, You've to Study ALL 4Modules in detail so as to Achieve the 70-80 Marks. You can choose the Modules to Study more depend upon Your Strength..
ALL THE VERY BEST..
WISH YOU ALL GOOD LUCK...
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