IIFCL Grade B Syllabus 2026: Phase 1 and Interview

The IIFCL Grade B syllabus for Phase 1 includes Quant, English, Reasoning, and Current Affairs related to the financial sector in Test 1, along with domain knowledge in Test 2.

The IIFCL Grade B syllabus mentioned in the official notification is only indicative. But don’t worry, we have analyzed previous years’ question papers to provide you with a detailed IIFCL Manager syllabus.

In this article, I’ll share a complete topic-wise breakdown of the IIFCL Grade B syllabus, along with insights for the interview stage, so you know exactly what to study for the IIFCL Grade B exam.

What is the IIFCL Grade B Syllabus 2026?

The IIFCL Grade B exam syllabus is divided into Phase 1 and the Interview stage.

IIFCL Grade B Phase 1 Syllabus 

• Phase 1 consists of two tests:
  • Test 1: General Aptitude
  • Test 2: Domain Knowledge

The IIFCL Grade B Interview Syllabus 

• The interview has 2 components:
  • Technical Interview: Evaluation of professional skills and domain expertise in infrastructure finance.
  • Behavioural Examination: Assessment of personality traits, leadership potential, and suitability for the Manager role.

Let’s discuss the detailed IIFCL Grade B syllabus. 

IIFCL Grade B Phase 1 Syllabus

Below, I have mentioned the Phase 1 syllabus of the IIFCL Grade B exam for both Test 1 and 2. 

IIFCL Grade B Reasoning Syllabus: Test 1

Here are the topics that you need to cover in Reasoning for the IIFCL Grade B exam: 

• Puzzles (circular, linear, floor-based): Focus on solving multi-variable and time-based puzzles
• Seating Arrangement: Linear and circular arrangements with multiple conditions
• Blood Relations: Family-based logical questions
• Coding–Decoding: Pattern-based and alphanumeric coding questions
• Inequality: Direct and coded inequality problems
• Syllogism: Logical deductions using Venn diagrams
• Input–Output: Machine-based pattern questions
• Data Sufficiency: Determining whether given data is enough to answer
• Direction Sense: Distance and direction-based problems
• Ranking and Order: Position-based questions

IIFCL Grade B Quantitative Aptitude Syllabus: Test 1

Here are the topics that you need to cover in the Quantitative Aptitude syllabus for the IIFCL Grade B exam:

• Simplification & Approximation: Quick calculation techniques
• Number Series: Missing and wrong number patterns
• Quadratic Equations: Solving and comparing roots
• Ratio and Proportion: Basic and advanced applications
• Percentage & Averages: Frequently used in DI and word problems
• Profit and Loss: Concepts of cost, selling price, and margin
• Time, Speed & Distance: Trains, boats, and relative speed
• Work & Time: Efficiency and work completion problems
• Partnership: Investment-based questions
• Mixture & Allegation: Ratio-based mixing problems
• Simple & Compound Interest: Interest calculation concepts
• Probability: Basic probability concepts and questions
• Permutation & Combination: Arrangement and selection logic
• Data Interpretation: Tables, bar graphs, pie charts, and caselets

IIFCL Grade B English Syllabus: Test 1

Here are the topics that you need to cover in English for the IIFCL Grade B exam:

• Reading Comprehension: Passage-based questions to test understanding
• Cloze Test: Fill in the blanks within a passage
• Error Spotting: Identify grammatical mistakes
• Para Jumbles: Arrange sentences in the correct order
• Sentence Improvement: Improve sentence structure and grammar
• Fill in the Blanks: Vocabulary and grammar usage
• Vocabulary: Synonyms, antonyms, and idioms

IIFCL Grade B Current Affairs Related to Financial Sector Syllabus: Test 1

This section focuses on awareness of recent developments in finance and banking: 

• National and International Current Affairs related to the financial and banking sector
• Recent Developments in the Banking Sector, including banking reforms and restructuring initiatives
• Financial Markets and Stock Market Developments
• Digital Banking, Fintech, and Cashless Payment Initiatives
• Reserve Bank of India (RBI) Updates, including interest rate changes and important circulars
• Non-Performing Assets (NPAs) and measures for their resolution
• Priority Sector Lending (PSL) and other banking regulations
• Basel Norms and global banking regulatory frameworks
• Regulatory Bodies such as RBI, SEBI, NABARD, IRDAI, etc., and their recent updates
• Mergers, Acquisitions, and MoUs of banks and financial institutions
• Important Committees and Reports related to banking and finance
• Credit Rating Agencies and their role in the financial system
• Key Economic Indicators, including GDP, GNP, NDP, and NNP
• Economic Survey and Major Government Policies related to the financial sector
• Recent Developments in the Insurance Sector

IIFCL Grade B Domain Knowledge Syllabus: Test 2

This section tests your professional knowledge relevant to the IIFCL Grade B officer role:

• Project Finance: Infrastructure financing, project appraisal, and risk analysis
• Corporate Banking: Loan products, credit appraisal, and corporate lending
• Treasury: Basics of treasury operations and financial markets
• General Management: Management principles and organizational behavior
• Risk Management: Types of risks and mitigation strategies
• Corporate Governance: Ethics, compliance, and governance frameworks
• Accounting: Basic accounting principles and financial statements
• Banking System in India: Structure, functions, and current challenges
• Financial Institutions: SIDBI, EXIM Bank, NABARD, NHB, etc.
• RBI & SEBI Circulars: Latest regulatory updates
• NBFC Guidelines: Regulations governing NBFCs
• Key Topics: Project finance, NPAs, and related concepts
• Reports: Annual reports of RBI, SEBI, IIFCL, etc.

IIFCL Grade B Interview Syllabus

The IIFCL Grade B interview is the final stage of the selection process and plays a crucial role in the final selection. While there is no fixed IIFCL Grade B syllabus, the interview broadly evaluates your technical knowledge, domain expertise, personality traits, and managerial potential.

Technical (Domain) Knowledge

The IIFCL interview stage evaluates your professional knowledge and domain expertise, especially in areas related to infrastructure finance. Questions may be asked from:

• Project Finance: Infrastructure projects, project appraisal, funding mechanisms, risk assessment, and financial feasibility.
• Banking & Financial System in India: Structure, functions, and current challenges in the Indian banking system.
• Risk Management & NPAs: Types of risks, mitigation strategies, management of Non-Performing Assets (NPAs), and regulatory guidelines.
• Corporate Banking & Treasury: Loan products, credit appraisal, treasury operations, and investment management.
• Financial Institutions: Functions and roles of SIDBI, NABARD, EXIM Bank, NHB, and other institutions.
• RBI & SEBI Updates: Latest circulars, regulations, and compliance requirements.
• Current Financial Developments: Economic trends, policy updates, mergers, acquisitions, and major developments in banking and finance.

The focus is on assessing your conceptual clarity and practical understanding of relevant subjects.

Behavioural Assessment

This part of your IIFCL Grade B interview assesses your personality and suitability for the Manager role. It includes:

• Communication Skills: Clarity of expression, articulation of ideas, and professional interaction.
• Leadership Potential: Ability to lead teams, handle responsibilities, and make strategic decisions.
• Decision-Making Ability: Problem-solving skills and approach to critical situations.
• Attitude & Personality: Professionalism, adaptability, confidence, and ethical outlook.

You may be asked general HR questions, situational questions, along with questions based on your personal and professional background.

How to Prepare the IIFCL Grade B Syllabus?

The IIFCL Grade B syllabus is manageable with the right strategy. 

• Aptitude Subjects: Strengthen your fundamentals in Quantitative Aptitude, Reasoning, and English.
• Current Affairs: Stay updated with current financial developments. 
• Domain Knowledge: Develop clear and practical knowledge of project finance, corporate banking, and other domain topics.

Since the official syllabus mentioned in the IIFCL Grade B notification is only indicative, you should: 

• Prepare based on previous year trends.
• Practice questions, take mock tests, and make short notes for quick revision.

Interview Preparation:

• Practice technical questions from the domain topics.
• Be ready for HR questions, and work on confidence, clarity, and communication skills.
• Pay attention to body language and overall presentation during the interview

Remember: The final selection ratio of Phase 1 to interview is 40:60, so give equal importance to both your written preparation and interview readiness.