IOB Manager (Credit) 2026
MMGS-II | Post Code 11 | 35 Vacancies
- Complete Research-Based Syllabus & Exam Strategy
- 16 Professional Knowledge modules · Numerical practice block · General Awareness & English syllabus · 50-question mock blueprint
Important Note: There Is No Official Professional Knowledge Syllabus
IOB has not published a chapter-wise Professional Knowledge syllabus for Manager (Credit). The official notification only states that Professional Knowledge will vary post-wise. Any website claiming an exact official detailed syllabus is extrapolating.
What Is This Syllabus Built On?
- IOB's own job requirement: 2+ years of credit experience, with stated preference for MSME / Corporate Advances, Trade Finance, Corporate Lending and Risk Management.
- Recent PSU Credit Officer papers: The BOI Credit Officer paper of 16 August 2026 is the closest live benchmark — another experienced Scale-II credit role.
Online Examination Pattern
| Section | Questions | Marks | Time |
|---|---|---|---|
| English Language | 25 | 25 | 30 min |
| General Awareness (Banking focus) | 25 | 25 | 30 min |
| Professional Knowledge: Credit | 50 | 50 | 60 min |
| Total | 100 | 100 | 120 min |
- ¼ negative marking for every wrong answer.
- No sectional cut-off for English and General Awareness.
- A qualifying requirement applies to Professional Knowledge.
Bottom line: This is a Credit Officer examination, not a general banking aptitude exam.
What Previous Papers Actually Tell Us
There is no reliable public IOB Manager Corporate Credit memory paper with enough candidate recall to reconstruct the exam. Most pages labelled “previous paper” are generic mocks.
BOI Credit Officer, 16 August 2026 — Candidate-Recalled Topics
- Project Finance / DCCO
- Priority Sector Lending
- MSME finance
- Five Cs of Credit
- LC and Standby LC
- IBC 2016
- NPA provisioning
- Inter-Creditor Agreement
- Factoring & forfaiting
- DSCR
- Current ratio
- Wilful defaulters
- Leverage finance
- Capital adequacy
- Home loan LTV
- Payback period
- Break-even point
- Profitability index
- Altman Z-score
- CGTMSE
- Running-account limits
- Net Current Assets
- Numerical questions
- Application-based questions
Both are experienced Scale-II credit posts, making the BOI Credit Officer paper the best available proxy for IOB.
The 16-Module Professional Knowledge Map
- Fundamentals of Credit & Lending
- Financial Statements for Credit
- Ratio Analysis & Numericals
- Working Capital Finance & CMA
- Term Loan & Project Finance
- Credit Appraisal & Rating
- MSME Finance
- PSL & Agriculture Credit
- Corporate & Consortium Credit
- Trade Finance & Non-Fund Based
- Securities, Charges & Documentation
- IRAC, SMA, NPA & Provisioning
- Recovery, SARFAESI, DRT & IBC
- Credit Risk & Basel Norms
- RBI Credit Regulations & Laws
- Retail Credit & Current Developments
Module 1: Fundamentals of Credit & Lending
Priority: Very High
- Meaning and purpose of credit; principles and canons of lending.
- 5 Cs / 6 Cs / 7 Cs of credit; the credit cycle; types of borrowers.
- Fund-based and non-fund-based facilities; secured and unsecured advances.
- Working capital vs term loan; demand loan, overdraft, cash credit and bill finance.
- The credit process: sanction → documentation → disbursement → monitoring → review.
Module 2: Financial Statements for Credit Analysis
Priority: Very High
- Balance Sheet, Profit & Loss Account and Cash Flow Statement.
- Current and non-current classification; net worth, tangible net worth and adjusted TNW.
- Reserves, contingent liabilities, related-party transactions and depreciation.
- Inventory, receivables, cash accrual and funds flow analysis.
- Window dressing and warning signals hidden in the financials.
Module 3: Financial Ratio Analysis & Numericals
Priority: Very High
- Liquidity: current ratio, quick ratio and Net Current Assets.
- Leverage: debt-equity, TOL/TNW, debt/TNW and FACR.
- Coverage: DSCR and ISCR.
- Turnover: inventory, debtor, creditor, asset and working capital turnover; cash conversion cycle.
- Profitability: operating and net margins, ROA, ROE and ROCE.
- Altman Z-score and interpretation of ratio movements.
Module 4: Working Capital Finance & CMA
Priority: Very High
- Gross and net working capital; operating cycle; working capital gap.
- Assessment methods: projected balance sheet, turnover method, Nayak Committee, Tandon Committee and MPBF.
- Drawing power; stock and book-debt statements; eligible receivables; margins.
- Seasonal limits, ad hoc facilities, renewal, review and enhancement.
- Preparation and analysis of CMA data.
Module 5: Term Loan & Project Finance
Priority: Very High
- Project cost and means of finance; promoter contribution; debt-equity structure.
- Viability analysis, DSCR, repayment schedule and moratorium.
- DCCO, cost overrun, time overrun and project implementation.
- Sensitivity analysis, break-even, payback period, NPV, IRR and profitability index.
- Risks specific to infrastructure and project finance.
Module 6: Credit Appraisal & Credit Rating
Priority: Very High
- Borrower assessment: management, industry, technical, economic and financial appraisal.
- Due diligence, credit investigation, credit bureau and CIBIL reports.
- Internal and external credit rating; rating migration; credit scoring; risk-based pricing.
- Sanction proposal, covenants, conditions precedent and conditions subsequent.
- Renewal, review and post-sanction monitoring.
Module 7: MSME Finance
Priority: Very High
- Latest MSME classification; Udyam Registration; micro, small and medium enterprises.
- MSME credit assessment, working capital finance and collateral-free lending.
- CGTMSE, NCGTC, TReDS, receivable financing and delayed payment provisions.
- Cluster finance and area-based lending.
- MUDRA, Stand-Up India, PMEGP and other important MSME schemes.
Module 8: Priority Sector Lending & Agriculture Credit
Priority: Very High
- Current RBI PSL guidelines: categories, targets and sub-targets.
- Agriculture, MSME, housing, education, social infrastructure and renewable energy.
- Weaker sections and classification of loans under PSL.
- KCC, SHG and JLG lending, microfinance and RIDF.
- Priority Sector Lending Certificates (PSLCs).
Module 9: Corporate Credit, Consortium & Multiple Banking
Priority: High
- Corporate lending and large borrower accounts.
- Consortium finance, multiple banking arrangements, syndicated loans and the lead bank.
- Common documentation, pari-passu charge, sharing of securities and inter-creditor arrangements.
- Large Exposure Framework, concentration risk, group exposure and external ratings.
- Structured finance and leverage finance.
Module 10: Trade Finance & Non-Fund Based Credit
Priority: High
- Letters of Credit and their types; UCP 600 basics; Standby LC.
- Bank Guarantees — performance and financial guarantees.
- Bills purchased and discounted; inland and foreign bills; documentary collection.
- Packing credit, post-shipment finance and ECGC cover.
- Factoring, forfaiting, buyer's and supplier's credit; FEMA basics for trade credit.
Module 11: Securities, Charges & Loan Documentation
Priority: High
- Primary and collateral security; pledge, hypothecation, lien and assignment.
- Mortgage and its types; guarantee, indemnity and right of set-off.
- Documentation, stamping and limitation; registration of charges with ROC and CERSAI.
- Title investigation, valuation and insurance; personal and corporate guarantees.
- Creation and perfection of security interest.
Module 12: IRAC, SMA, NPA & Provisioning
Priority: Very High
- RBI IRAC norms; overdue and out-of-order concepts; NPA identification.
- SMA-0, SMA-1 and SMA-2; substandard, doubtful and loss assets.
- Income recognition and provisioning; secured and unsecured portions; upgradation.
- Restructuring, stressed accounts and Early Warning Signals.
- Fraud accounts, wilful defaulters, diversion and siphoning of funds.
Module 13: Recovery, SARFAESI, DRT & IBC
Priority: Very High
- Recovery process, recall notice, compromise / OTS and Lok Adalat.
- SARFAESI Act: demand notice, possession, enforcement and auction.
- DRT and DRAT; Asset Reconstruction Companies and security receipts.
- IBC 2016: CIRP, moratorium, Committee of Creditors, resolution plan and liquidation.
- Operational vs financial creditors; limitation issues in recovery.
Module 14: Credit Risk Management & Basel Norms
Priority: High
- Credit risk concepts: borrower, counterparty, concentration and default risk.
- PD, LGD and EAD; expected and unexpected loss; risk-weighted assets.
- Basel I, II and III; CRAR, CET1, Tier I and Tier II capital.
- Capital conservation buffer and counter-cyclical buffer.
- Credit risk mitigation through collateral and guarantees; stress testing.
Module 15: RBI Credit Regulations & Lending Laws
Priority: Very High
- RBI prudential guidelines, exposure norms, large exposures and connected lending.
- Restrictions on loans and advances; loans to directors and related parties.
- Interest rate benchmarks, end-use monitoring, KYC and AML in lending.
- Banking Regulation Act, RBI Act and Indian Contract Act.
- Companies Act provisions on lending and charges; NI Act, FEMA and MSMED Act.
Module 16: Retail Credit & Current Developments
Priority: High
- Housing loans and LTV; vehicle, personal, education and gold loans; retail appraisal.
- Time value of money, cost of capital and WACC, financial leverage and capital structure.
- EOQ and capital budgeting fundamentals.
- Current RBI circulars on credit, MSME, PSL, IRAC and project finance.
- Updates on wilful defaulters, fraud classification, guarantees and lending regulation.
Preparation Priority: Where to Put Your Weight
Do not treat all 16 modules as equal. Follow this order of preparation.
Tier 1: Absolutely Compulsory
Target 60–70% of Professional Knowledge preparation time.
- Financial Statements & Ratios
- Working Capital & CMA
- Credit Appraisal
- Project Finance
- IRAC / NPA / Provisioning
- MSME
- PSL
- Recovery, SARFAESI & IBC
- RBI Credit Guidelines
Tier 2: Strong Coverage Required
- Corporate Credit
- Trade Finance
- Security & Documentation
- Credit Risk & Basel
Tier 3: Selective, but Do Not Ignore
- Retail Credit
- Financial Management
- Accounting concepts
- Current credit developments
The latest BOI Credit paper also asked EOQ, payback, break-even, profitability index and leverage.
Credit Numericals — A Separate Practice Block
Non-negotiable: Build this as its own module and test series. Theory revision will not cover it.
- Current Ratio / Quick Ratio
- Debt-Equity and TOL/TNW
- DSCR and ISCR
- Working Capital Gap
- MPBF / Tandon Committee
- Nayak / Turnover Method
- Drawing Power
- Operating Cycle
- Net Current Assets
- Break-even Point
- Payback Period
- NPV / IRR / Profitability Index
- Loan-to-Value (LTV)
- Provisioning calculations
- Promoter contribution
- Inventory / receivable turnover
- Altman Z-score basics
The August 2026 BOI recall confirms numericals on DSCR, NCA, payback, break-even, profitability index, LTV and provisioning.
General Awareness Syllabus
25 Questions · 30 Minutes
IOB calls it “with special reference to Banking Industry” — keep preparation banking-heavy.
- RBI & Monetary Policy: RBI structure and functions; MPC; repo, SDF, MSF, CRR and SLR; liquidity tools; latest monetary policy developments.
- Banking & Financial System: Scheduled banks, NBFCs and DFIs; payment systems and NPCI; deposit insurance; financial inclusion; banking reforms.
- Banking Current Affairs: RBI circulars; mergers and acquisitions; appointments; penalties; new products; digital banking and payment developments.
- Economy & Finance: GDP, inflation, fiscal deficit, balance of payments; Budget 2026-27; Economic Survey; government borrowing and bond yields.
- Credit-Related Current Affairs: MSME schemes, CGTMSE and NCGTC; PSL changes; IBC amendments; stressed-asset framework; digital lending and RBI credit directions.
Preparation tip: Prioritise the last 6 months while retaining older RBI developments that are still in force.
English Language Syllabus
25 Questions · 30 Minutes
This section should not consume much preparation time for an experienced officer-level candidate.
- Reading Comprehension
- Cloze Test
- Fillers
- Error Detection
- Sentence Correction
- Sentence Improvement
- Phrase Replacement
- Para Jumbles
- Sentence Rearrangement
- Word Swap
- Vocabulary
- Contextual Usage
- Connectors
- Basic Grammar
Strategy: Accuracy over attempts — there is no sectional cut-off in this section.
50-Question Professional Knowledge Mock Blueprint
This is a recommended test blueprint, not an official IOB distribution.
| Topic | Questions |
|---|---|
| Financial statements + ratios | 6 |
| Working capital + CMA | 5 |
| Project / term loan finance | 5 |
| NPA / IRAC / provisioning | 5 |
| Credit appraisal & rating | 4 |
| MSME + CGTMSE | 4 |
| SARFAESI / IBC / recovery | 4 |
| PSL & agriculture | 3 |
| Corporate / consortium credit | 3 |
| Trade finance / LC / BG | 3 |
| Security & documentation | 2 |
| Risk & Basel | 2 |
| RBI regulations & lending laws | 2 |
| Retail & current developments | 2 |
Mock-test rule: Keep 8–10 of the 50 questions numerical or application-based.
How to Treat This Exam
The verdict: Design your preparation as an advanced Scale-II Credit Officer course — not a generic banking awareness course.
Core Learning Path
- Financial Analysis
- Working Capital
- Credit Appraisal
- Project Finance
- MSME & PSL
- NPA & Recovery
- Regulatory Credit
Layered Around the Core
- Trade Finance
- Corporate Lending
- Documentation
- Credit Risk & Basel
IOB wants candidates with 2+ years of credit experience and prefers MSME / Corporate Advances, Trade Finance, Corporate Lending and Risk Management backgrounds. Expect practical banking-credit questions, not MBA-style theory.
All the Best for IOB Manager (Credit) 2026
Study the 16 modules in priority order, practise the numerical block separately, and revise the last 6 months of RBI credit developments.
Final revision focus: Professional Knowledge should dominate your preparation, with special emphasis on financial analysis, working capital, appraisal, project finance, MSME, PSL, NPA, recovery and RBI credit regulations.
