A career in Finance and Banking is always viewed as one of the most thriving and globally regarded careers globally, thanks to the ever-growing demand for qualified manpower in these sectors. The Banking sector always prefers qualified employees with hands-on experience and knowledge of banking and finance along with the familiarity of computer technology and understanding customer orientation. Diploma in Banking and Finance or DBF exam conducted by the Indian Institute of Banking and Finance (IIBF) is the only examination recognized by the Indian Banks Association (IBA). So, if you are looking forward to building a successful and fruitful career in the Banking industry, here’s an insightful blog to help you with everything you need to know about this exam.
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Also Read: Banking Courses after 12th
Understanding the DBF Exam
Diploma in Banking and Finance is a flagship program that aims to educate the students about the operational processes and contemporary banking systems. With a competitive edge, the students clear the DBF exam and are directly absorbed by the banks and financial institutions. For students to be ready to take the step into the banking world, IIBF conducts the exam twice a year in the month of May/June and November/December. Along with the DBF exam, Indian Institute of Banking and Finance (IIBF) also conducts various banking exams for its IIBF certification courses, namely
- DRA Exam: DRA stands for IIBF Debt Recovery Agent and is conducted once in a month or with a greater frequency which is decided time to time by IIBF. This exam is for recruitment of Debt Recovery Agents or DRAs in the country and is stipulated by RBI to ensure that certified professionals are selected for this profile.
- JAIIB Exam: JAIIB refers to Junior Assistant of Indian Institute of Banking & Finance and is held by IIBF twice a year on a Sunday in May/June and November/December. This certification exam trains banking professionals with the basic and foundational knowledge of banking arena, from building and strengthening customer relationships to ensure other legal and administrative aspects.
- CAIIB Exam: CAIIB refers to Certified Associate of Indian Institute of Banking & Finance and is conducted twice a year. After completing and qualifying JAIIB, you can appear for the CAIIB exam which equips banking professionals with advanced-level knowledge of financial, risk and banking management.
For the candidates to be able to apply for the DBF Exam, they need to fulfil the following eligibility criteria and failing to do so might result in the cancellation of their candidature.
- The candidate must have cleared their 10+2 or equivalent from a recognized board of education in any discipline.
- Even the candidates who have cleared their BC/BF examination conducted by IIBF itself are eligible to appear.
- There is no age limit for the candidates to apply for the DBF Exam.
Note: Individuals who are associated with IIBF in any way are not eligible to apply. Instead, they can appear for JAIIB (Junior Associate of the Indian Institute of Bankers) Examination.
Modules of DBF Exam
The DBF exam comprises of 3 modules for which the examination is conducted on 3 separate days. The candidates are tested on different aspects of the banking and the financial systems prevailing in the country. Let’s take a brief look at the different modules and topic covered under it:
|Exam Modules||Topics Covered|
|Principles and Practice of Banking||Indian Financial Systems; Banking Technology;
Functions of Banks; Marketing of Banking Services
|Legal and Regulatory Aspects of Banking||Legal aspects of Banking Operations;
Regulation and Compliance;
Commercial Laws with reference to the Banking Operations
|Accounting and Finance for Bankers||Final Accounts; Special Accounts;
Basics of Business Mathematics;
Principles of Book Keeping
DBF Exam Preparation Books
To help students gear up for the Diploma in Banking and Finance exam, IIBF has provided a list of reference books that are specifically designed for the preparation of this exam. Take a look at the following list of books (in both English and Hindi) which you need to have to crack this competitive exam:
|English Legal and Regulatory Aspects of Banking||M/s Macmillan India Limited|
|Principles & Practices of Banking||M/s Macmillan India Limited|
|Accounting & Finance for Bankers||M/s Macmillan India Limited|
|Banking ke Vidhik Paksh (Hindi)||M/s Taxmann Publications Private Ltd.|
|Bankeron ke liye Lekhankan Avam Vittya (Hindi)||M/s Taxmann Publications Private Ltd.|
|Banking ke Sidhanth Avam Vyavahar (Hindi)||M/s Taxmann Publications Private Ltd.|
DBF Exam 2020 Deadlines
DBF Exam procedure spans across two main sessions, i.e. February to July and August to January. For the Feb-July session, the exam is held in May-June and for the August to January, the exam is held in November to December. It is conducted in the online mode and the candidates need to take the test at the exam centre allotted to them in their admit card. The following table elucidates the dates for the DBF Exam 2020 as well as the subjects you need to appear for.
DBF Exam-May 2020
|May 3, 2020||Principles and Practices of Banking|
|May 10, 2020||Accounting and Finance for Bankers|
|May 17, 2020||Legal and Regulatory Aspects of Banking|
DBF Exam-November 2020
|November 1, 2020||Principles and Practices of Banking|
|November 8, 2020||Accounting and Finance for Bankers|
|November 22, 2020||Legal and Regulatory Aspects of Banking|
Note: The timings and exam centre for your exam day will be provided in the admit card.
DBF Exam Pattern
When you’re preparing for any professional exam, it is important for you to know the pattern to be followed. Simply, cramming the portion all night long won’t be helpful if you don’t know how much amount of portion of your subject or topic will be covered in the exam paper, its corresponding marks or simply the duration of the exam. Therefore, we have come up with the DBF exam pattern to help you prepare better. Take a look at the table below:
|Exam Modules||Maximum Marks||Passing Score||Total Number of Questions||Duration of the Exam||Negative Marking||Mode of Exam|
|Principles and Practice of Banking||100||50||120||2 Hours||No||Online|
|Legal And Regulatory Aspects of Banking||100||50||120||2 Hours||No||Online|
|Accounting and Finance for Bankers||100||50||120||2 Hours||No||Online|
DBF Exam Syllabus
The syllabus for the DBF Exam has been separated into the different modules as well as papers prescribed by the IIBF. The following tables aims to provide you with an overview of the exam syllabus bifurcated across different sections:
DBF Exam Paper 1: Principles and Practices of Banking
|Module A: Indian Financial
|Indian Financial System; Banking Regulation;
Wholesale and International Banking;
Role of Money Markets,
Debt Markets & Forex Market; Recent Developments in
the Financial System; Introduction to Risk Management;
Role of Capital Markets; CIBIL, Fair Practices Code for
Debt Collection, BCSB
|Module B: Functions of Banks||Banker Customer Relationship; Ancillary Services;
Cash Management Services and its Importance;
Different Modes of Charging Securities;
Types of collaterals and their characteristics;
Non-Performing Assets; Bankers’ Special Relationship;
Priority Sector Advances; Operational Aspects of opening
and Maintaining Accounts of Different Types of Customers;
Cash Operations; Financial Literacy
|Module C: Banking
|Essentials of Bank Computerization; Role of Technology
Upgradation and its impact on Banks; Preventive Vigilance
in Electronic Banking; Gopalakrishna Committee
Recommendations; Security Considerations;
Overview of IT Act; Payment Systems and
Electronic Banking; Data Communication
Network and EFT systems
|Module D: Support Services,
Marketing of Banking
Services & Products
|Marketing; Channel Management;
Distribution; Pricing; Social Marketing/Networking;
Marketing Information Systems; Consumer Behavior
and Product; Promotion
|Module E: Ethics in Banks and
|Banking Ethics: Changing Dynamics; Ethics,
Business Ethics & Banking; Work Ethics
and the Workplace; Ethics at the Individual Level;
Ethical Dimensions: Employees
DBF Exam Paper 2: Accounting & Finance for Bankers
|Module A: Business Mathematics
|Calculation of Interest and Annuities;
Capital Budgeting; Depreciation and its Accounting;
Calculation of YTM; Foreign Exchange Arithmetic
|Module B: Principles of Bookkeeping
|Definition, Scope and Accounting Standards;
Trial Balance, Rectification of Errors and
Adjusting & Closing Entries;
Basic Accountancy Procedures;
Bills of Exchange; Maintenance of
Cash/ Subsidiary Books and Ledger;
Bank Reconciliation Statement;
Capital and Revenue Expenditure
|Module C: Final Accounts||Balance Sheet Equation;
Accounting in a Computerized Environment;
Preparation of Final Accounts; Ratio Analysis;
Final Accounts of Banking Companies
|Module D: Banking Operations||Banking Operations &
DBF Exam Paper 3: Legal and Regulatory Aspects of Banking
|Module A: Regulations and
|Legal Framework of Regulation of Banks;
Control over Organization of Banks;
Financial Sector Legislative Reforms;
Regulation of Banking Business;
Recent Legislative Changes in the RBI Act;
Public Sector Banks and Co-operative Banks; etc.
|Module B: Legal Aspects of
|Different Types of Borrowers; Deferred Payment Guarantees;
Laws Relating to Bill Finance; Types of Credit Facilities;
Case Laws on Responsibility of Paying Bank;
Secured and Unsecured Loans,
Registration of Firms and Incorporation of companies;
Laws Relating to Securities and
Modes of Charging – I & II;
|Module C: Banking Related Laws||Recovery of Debts due to Banks
and Financial Institutions Act, 1993 (DRT Act);
The Legal Services Authorities Act, 1987;
Securitisation and Reconstruction of
Financial Assets and Enforcement of
Securities; Bankers Books Evidence Act, 1891;
Interest Act (SARFAESI); Tax Laws, etc.
|Module D: Commercial Laws
with Reference to Banking Operations
|Indian Contract Act, 1872; The Companies Act, 1956
(Now Companies Act, 2013);
The Sale of Goods Act, 1930;
Limited liability partnerships
formation, registration, rights and liabilities
of partners; Indian Partnership Act, 1932
Note: To know the detailed syllabus of DBF Exam, click here.
Application Fee Structure
Since the members of the IIBF are only eligible for appearing in the JAIIB exam, the fee structure for the non-members applying for the DBF exam depends on the number of attempts taken to clear the test. Below is a table to help you understand the application fee structure:
|Attempts||Fee Amount (in INR)*|
* the mentioned amounts are estimates and exclusive of GST, as applicable.
To apply for the DBF Exam, click here
How Does DBF Exam Benefit You?
Having an IIBF diploma in your hand after successfully clearing all the three modules of the DBF exam, will build a whole new level of career opportunities waiting for you. If you are wondering what a Diploma in Banking and Finance can do for you, read the points given below.
- After clearing the DBF exam successfully, your CV is shared with more than 600 members of the institution like Banking and Financial institutions for hiring.
- For those who have cleared the written test for Bank exams such as IBPS PO, SBI PO or clerks and are looking forward to the interview round, can easily make their way after passing the DBF exam.
- The diploma holders can be exempted from taking the JAIIB exam. However, most of the banks give additional incentives and increments to those having the JAIIB degree.
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Clearing the DBF exam opens the door to thousands of opportunities for you in the Banking and Finance sectors. If you are looking forward to pursuing a degree in banking and finance from one of the top universities in the world, and don’t know where to begin from, then you can reach out to our experts at Leverage Edu who can help you identify the right university to accelerate your career. Moreover, we do have an option to directly connect you with our mentors working in some of the top global companies.