principals of banking

JAIIB (Junior Associate of the Indian Institute of Bankers) is a professional certification course for bank employees in India, offered by the Indian Institute of Banking and Finance (IIBF). The principles of banking covered in JAIIB include:

1. Customer service and banking codes and standards: Banks are expected to provide high-quality customer service and adhere to various codes and standards, such as the Banking Codes and Standards Board of India (BCSBI) Code, to maintain the trust of their customers.

2. Banking technology and innovation: Banks need to keep pace with the latest technological advancements to provide efficient and reliable banking services to their customers. This includes online and mobile banking, digital payments, and other technological innovations.

3. Credit and risk management: Banks need to have robust credit policies and procedures in place to manage their credit risk effectively. They also need to have strong risk management systems to identify and mitigate various types of risks such as credit risk, market risk, and operational risk.

4. Treasury management: Banks engage in treasury operations to manage their liquidity and interest rate risk. The principles of treasury management include asset-liability management (ALM), investment management, and foreign exchange management.

5. Financial accounting and regulatory framework: Banks need to maintain proper accounting records and comply with various regulatory requirements. This includes the preparation and submission of various financial statements and reports to regulatory authorities such as the Reserve Bank of India (RBI).

These are some of the key principles of banking covered in the JAIIB course. The course aims to equip bank employees with the necessary knowledge and skills to perform their roles effectively and serve their customers better.