PPB is dangerous to prepare from memory alone because banking operations may look familiar even when the legal answer has changed. For JAIIB November 2026, the safest revision method is an old position -> current position -> effective date -> source register.
IIBF states that examinations conducted from September to February consider regulatory guidelines and important developments up to 30 June. It also warns that official courseware should not be treated as the only source because rules change. For the November 2026 attempt, use 30 June 2026 as the regulatory cut-off unless IIBF issues a later clarification. Source: IIBF JAIIB Rules and Syllabus 2026.
The updates below are a revision shortlist, not a substitute for the complete PPB syllabus.
Traditional notes commonly state that a deposit account can have only one nominee.
The Banking Laws (Amendment) Act, 2025 enables customers to nominate up to four persons.
The nomination provisions took effect on 1 November 2025. Source: Press Information Bureau - nomination provisions.
Exam trap: Do not apply simultaneous percentage allocation to articles in safe custody or lockers.
The Banking Laws (Amendment) Act, 2025 changed the threshold used in the statutory definition of substantial interest from ₹5 lakh to ₹2 crore. The relevant provisions took effect from 1 August 2025.
Source: Press Information Bureau - key Banking Laws amendments.
Exam trap: The figure changed because the earlier ₹5 lakh threshold had remained unchanged since 1968. Do not confuse this with beneficial-ownership thresholds under KYC rules.
The 2025 banking-law amendments aligned references such as the “last Friday” or “alternate Fridays” with the last day of the month or last day of the fortnight, as applicable. This supports reporting aligned to modern accounting and automated systems.
Source: PIB backgrounder on the Banking Laws (Amendment) Act, 2025.
Exam trap: Read the question carefully; the applicable period still depends on the specific statutory return.
For co-operative banks, the maximum tenure of directors other than the chairperson and whole-time directors increased from eight years to ten years. The change aligns the framework with the 97th Constitutional Amendment.
Source: PIB - provisions effective 1 August 2025.
Exam trap: The exclusion for the chairperson and whole-time director matters.
The composite investment-and-turnover limits are:
| Category | Investment not exceeding | Turnover not exceeding |
|---|---|---|
| Micro | ₹2.5 crore | ₹10 crore |
| Small | ₹25 crore | ₹100 crore |
| Medium | ₹125 crore | ₹500 crore |
Both conditions form part of the classification framework. The revised limits became effective on 1 April 2025.
Source: PIB - revised MSME classification.
Exam trap: Old notes may still show ₹1/₹5 crore for micro, ₹10/₹50 crore for small and ₹50/₹250 crore for medium.
RBI’s Priority Sector Lending Directions, 2025 became effective on 1 April 2025. The overall PSL target for urban co-operative banks is 60% of ANBC or CEOBSE, whichever is higher. The directions also retain distinct targets for other bank categories; do not generalise the UCB number to every bank.
For example, under the 2025 directions:
Source: RBI Priority Sector Lending Directions, 2025.
Exam trap: The prominent change was the UCB target from 75% to 60%. The SFB target did not become 60%.
RBI’s KYC Amendment Directions dated 12 June 2025 allow banks to obtain a customer’s self-declaration through an authorised Business Correspondent when there is no change in KYC information or only the address has changed. The BC checks the details and forwards them to the bank, but the ultimate responsibility remains with the bank.
The same amendment required advance intimations and reminders for periodic KYC updates. It also provided that a low-risk individual customer should be allowed transactions while the regulated entity completes KYC within one year of KYC falling due or up to 30 June 2026, whichever is later, subject to monitoring.
Source: RBI KYC Amendment Directions, 2025.
Exam trap: A Business Correspondent can facilitate the process; responsibility does not shift away from the bank.
RBI’s June 2025 amendment requires KYC-updation facilities for activating inoperative accounts and unclaimed deposits at all branches, including non-home branches. Banks should endeavour to provide V-CIP and may use an authorised Business Correspondent under the KYC framework.
Source: RBI Inoperative Accounts/Unclaimed Deposits Amendment, 2025.
Exam trap: A balance transferred to RBI’s Depositor Education and Awareness Fund remains claimable through the respective bank; the UDGAM portal helps users search, but does not itself settle the claim.
| Topic | Old figure/position | Current figure/position |
|---|---|---|
| Deposit nominees | One nominee | Up to four; simultaneous or successive |
| Locker/safe-custody nomination | Commonly taught as one | Up to four, successive only |
| Substantial interest | ₹5 lakh | ₹2 crore |
| Co-operative-bank director tenure | 8 years | 10 years, specified exclusions apply |
| Micro enterprise | ₹1 crore investment / ₹5 crore turnover | ₹2.5 crore / ₹10 crore |
| UCB overall PSL target | 75% | 60% |
| KYC self-declaration | Branch/digital routes emphasised | Authorised BC may facilitate specified updates |
| Statutory reporting reference | Last/alternate Friday | Last day of month/fortnight, as applicable |
For each change, write four flashcards:
Then solve questions that deliberately mix the old figure with the new exception.
Ready to test whether your answers are current? Take the free 10-question JAIIB diagnostic, then review the explanations rather than only the score.
Disclaimer: This article is an independent educational summary checked against sources available through 30 June 2026. It is not legal advice or official IIBF material. If a question specifies a date, apply the rule in force for that date.
| What you need | How our material delivers it |
|---|---|
| Both positions, flagged inline | Our PPB books and question bank state the old textbook position AND the current rule for every drift above - so you can answer either way the examiner frames it |
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