RBI Grade B Phase 2 Exam: List of Books for a Solid Preparation

If you are appearing for the RBI Grade B Phase II exam on July 25–26, 2026, your preparation should begin immediately. As highlighted in the latest RBI Grade B Notification, a major change has been introduced in the Phase II pattern, with descriptive questions added alongside objective questions. In both Economic & Social Issues and Finance & Management, the paper will now consist of 50% objective and 50% descriptive questions. Therefore, your preparation strategy must adapt accordingly. This article lists the best books and study resources for Phase II preparation, along with an easier alternative that provides all essential notes in one place.

List of Books & Resources for Economic & Social Issues

Indian Economy:

1. Uma Kapila (series of books)
2. Indian Economy: Mishra & Puri (Latest Edition)
3. Growth and Development: Devraj Ray
4. Sociology: C.N. Shankar Rao
5. Public Finance – K K Andley and Sundaram

Additional Sources which should be referred to:

• Newspapers including Mint, Business Line, etc.
• Magazines/Periodicals/ Bulletins including RBI Bulletins, EPW, India Today, etc.
• Reports:
  • World Development Report
  • Economic Survey of India
  • RBI Annual Report 4.
  • Report on Trend and Progress of Banking in India
  • IMF: World Economic Outlook
• Material sourced from RBI website

List of Books & Resources for Finance & Management

Finance

1. Monetary Theory and Public Policy – Kenneth Kurihara
2. Indian Economy – Mishra & Puri
3. Economic Growth and Development – Mayer and Baldwin
4. Financial Management – Prasanna Chandra
5. Major financial newspapers
6. International business by Hill and Jain
7. RBI Annual Report, Report on Trend and Progress of Banking in India, etc.
8. Economic Survey
9. Material sourced from RBI website

Take RBI Grade B Phase II Free Objective Mock Test of ESI & FM

Management

1. Stephen P. Robbins & Mary Coulter, Management.
2. Robbins Stephen P and Judge T.A. Vohra, Organisational Behaviour
3. Dessler Gary, Warkkey Biju- Human Resource Management
4. Decenzo and Robbins- Fundamentals of Human Resource Management
5. Velasquez Manuel G: Business Ethics- Concepts and Cases.
6. Fernando A.C.: Business Ethics – An Indian Perspective.
7. Crane Andrew & Matten Dirk: Business Ethics
8. Ghosh B N: Business Ethics & Corporate Governance

These are the preparation resources that you need to refer to for solid preparation. And there is this other option where you get the notes where the complete syllabus of ESI & FM has been covered at one place. The choice is up to you. Also, consider the fact that there are only 23 days left in the exam. You need to utilize all your time & efforts judiciously, considering the fact that the syllabus of Economic & Social Issues and Finance & Management is so vast.

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Also Read:

• RBI Grade B Phase 2 Preparation Resources for Success
• RBI Grade B Important Topics

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FAQs

What are the books and resources I need to follow to become an RBI Grade B Officer?

To become an RBI Grade B Officer, you should follow a balanced mix of standard books, current affairs resources, RBI publications, PIB notes, mock tests, and topic-wise practice tests. Consistent revision and regular mock test practice are just as important as choosing the right books.

What is the RBI Grade B booklist by toppers?

The RBI Grade B booklist recommended by toppers typically includes standard books for Quantitative Aptitude, Reasoning, English, Economic & Social Issues (ESI), Finance & Management (FM), along with RBI reports, current affairs PDFs, and mock tests.

Which are the best books for RBI Grade B Phase 2?

The best Books for RBI Grade B Phase 2 are those that cover Economic & Social Issues, Finance & Management, descriptive writing, current affairs, and RBI-related publications comprehensively. Candidates should also supplement them with mock tests and revision notes.

Which are the best books for RBI Grade B Exam Phase 1?

Books for RBI Grade B Exam Phase 1 should cover Quantitative Aptitude, Reasoning Ability, English Language, and General Awareness. Along with books, candidates should regularly practice mock tests and current affairs questions.

What are the best books for RBI Grade B Phase 1?

The Best Books for RBI Grade B Phase 1 are those that provide concept clarity, sufficient practice questions, and previous-year-level difficulty. Current affairs PDFs and sectional tests should also be part of the preparation strategy.

What are the best sources for RBI Grade B Phase 2 preparation?

The most reliable Sources for RBI Grade B Phase 2 include standard ESI and FM books, RBI annual reports, Monetary Policy Statements, Economic Survey, PIB summaries, current affairs magazines, and descriptive mock tests.

Which is the best ESI book for RBI Grade B?

The best ESI book for RBI Grade B is one that covers economic concepts, social issues, government schemes, and current developments in a simple and exam-oriented manner. Candidates should also refer to the Economic Survey and current affairs resources.

Which RBI Grade B Officer books should beginners follow?

Beginners should choose RBI Grade B Officer books that explain concepts clearly and avoid using too many resources. A combination of standard books, RBI publications, and mock tests is usually sufficient.

Which is the best Quant book for RBI Grade B?

The best Quant book for RBI Grade B is one that strengthens arithmetic, data interpretation, and advanced quantitative aptitude concepts while providing ample practice questions aligned with the latest exam pattern.