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| Important Banking & Finance Abbreviations |
Abbreviations are commonly asked in banking and other competitive exams. Here we provide you a list of important abbreviations related to banking. Hope, it will help you scoring well in exams.
List of Important Banking & Finance Abbreviations
1. ACS : Automated Clearing System
2. ADB : Asian Development Bank
3. AEPS : Aadhar Enabled Payment Switch
4. ALCO : Asset Liability Committee
5. ALM : Asset Liability Management
6. AMFI : Association of Mutual Funds of India
7. AML : Anti Money Laundering
8. APACS : Association of Payment and Clearing Service
9. ARC : Asset Reconstruction Company
10. ASSOCHAM : Association Chambers of Commerce and Industry of India
11. ATM : Automated Teller Machine
12. BACS : Bankers Automated Clearing System
13. BCBS : Basel Committee on Banking Supervision
14. BCSBI : Banking Codes and Standards Board of India
15. BIS : Bank of International Settlements
16. BO : Banking Ombudsman
17. BOE : Bill Of Exchange
18. BPLR : Benchmark Prime Lending Rate
19. BSBDA : Basic Savings Bank Deposit Account
20. BSE : Bombay Stock Exchange
21. CAAP : Capital Adequacy Assessment Process
22. CAD : Current Account Deficit
23. CAG : Controller and Auditor General
24. CARE : Credit Analysis and Research Limited
25. CASA : Current Accounts and Savings Account
26. CBS : Core Banking Solutions
27. CCIL : Clearing Corporation of India Limited
28. CDBS : Committee of Direction on Banking Statistics
29. CFRA : Combined Finance and Revenue Accounts
30. CGRA: Currency and Gold Revaluation Account
31. CIBIL : Credit Information Bureau of India Limited
32. CPI : Consumer Price Index
33. CRISIL : Credit Rating Information Services of India
34. CRMD : Credit Risk Management Department
35. CSR : Corporate Social Responsibility
36. CTS : Cheque Truncation System
37. DBS : Department of Banking Supervision
38. DCCB : District Central Cooperative Bank
39. DFI : Development Financial Institutions
40. DICGC : Deposit Insurance and Credit Guarantee Corporation
41. DPG : Deferred Payment Guarantee
42. DRAT : Debt Recovery Appellate Tribunal
43. DSCR : Debt Service Coverage Ratio
44. DTAA : Double Taxation Avoidance Agreement
45. EBRD : European Bank for Reconstruction and Development
46. ECB : External Commercial Borrowings
47. ECS : Electronic Clearing Service
48. EDI : Electronic Data Exchange
49. EDMU : External Debt Management Unit
50. EFT : Electronic Fund Transfer
51. EEFC : Exchange Earners Foreign Currency
52. EMI : Equated Monthly installment
53. EPS : Earnings Per Share
54. EPF : Employee Provident Fund
55. ESOP : Employee Stock Options
56. EXIM : Export Import Bank of India
57. FCA : Financial Currency Assets
58. FCD : Fully Convertible Debentures
59. FCNRA : Foreign Currency Non - Resident Account
60. FCNRD : Foreign Currency Non - Repatriable Deposit
61. FDI : Foreign Direct Investment
62. FEMA : Foreign Exchange Management Act
63. FEDAI : Foreign Exchange Dealers Association of India
64. FICCI : Federation of International Chambers of Commerce of Industry
65. FII : Foreign Institutional Investors
66. FIPB : Foreign Investment Promotion Board
67. FPI : Foreign Portfolio Investment
68. FRBM : Fiscal Responsibility and Budget Management Act - 2003
69. FTA : Free Trade Agreement
70. FIMMDA : Fixed Income Money Market and Derivatives Association of India
71. GAAR : General Anti Avoidance Rule.
72. GDP : Gross Domestic Product
73. GDR : Global Depository Receipt
74. GFD : Gross Fiscal Deficit
75. GIRO : Government Internal Revenue Order
76. GMS : Gold Monetisation Scheme
77. GSTN : Goods and Services Network
78. GDCF : Gross Domestic Capital Formation
79. GlC : General Insurance Corporation of India
80. GIPSA : General Insurance Public Sector Association
81. GSTPA : Global Straight Through Processing Association
82. HFCs : Housing Finance Companies
83. HPFC : Himachal Pradesh Financial Corporation
84. HSBC : Hong Kong and Shanghai Banking Corporation
85. HUDCO : Housing and Urban Development Corporation
86. HDFC : Housing Development Finance Corporation
87. IADB : Inter American Development Bank
88. IAS : Integrated Accounting Systems
89. IBBI : Insolvency and Bankruptcy Board of India
90. IBPS : Institute of Banking Personnel Selection
91. IBA : Indian Banks’ Association
92. IBRD : International Bank For Reconstruction and Development
93. ICA : Indian Council of Agricultural Research
94. ICAO : International Civil Aviation Organisation
95. ICC : Integrated Circuit Card
96. ICICI : Industrial Credit and Investment Corporation of India Limited
97. ICRA : Investment Information and Credit Rating Agency
98. IDBI : Industrial Development Bank of India
99. IDFC : Infrastructure Development Finance Company Limited
100. IDRBT : Institute For Development and Research In Banking Technology
101. IFCI : Industrial Finance Corporation of India Limited
102. IIBI : Industrial Investment Bank of India Limited
103. IMPS : Immediate Payment Service
104. IMF : International Monetary Fund
105. INFINET : Indian Financial Network
106. IP : Internet Provider
107. IPO : Initial Public offering
108. IPSS : Integrated Payment and Settlement System
109. IRBI : Industrial Reconstruction Bank Of India.
110. IRDA : Insurance Regulatory and Development Authority of India
111. IRE : Internal Rating Based
112. KCC : Kisan Credit Card
113. KVP : Kisan Vikas Patra
114. KYC : Know Your Customer
115. KVIC : Khadi And Village Industries Corporation
116. LAB : Local Area Bank.
117. LAF : Liquidity Adjustment Facility
118. LAMPS : Large Sized Adivasi Multipurpose Societies
119. LDB : Land Development Bank.
120. LERMS : Liberalized Exchange Rate Management System
121. LIBOR : London Inter Bank Offered Rate.
122. LIC : Life Insurance Corporation Of India
123. LTCG : Long-Term Capital Gains
124. LTN : Long Term Note
125. MBFC : Mutual Benefit Financial Company
126. MCA : Ministry of Company Affairs
127. MFIs : Micro-Financial Institutions
128. MFDF : Micro Finance Development Fund
129. MICR : Magnetic Ink Character Recognition
130. MIRSD : Market Intermediaries Registration and Supervision Department
131. MNBCs : Miscellaneous Non-Banking Companies
132. MPBF : Maximum Permissible Bank Finance
133. MRD : Market Regulation Department
134. MSS : Market Stabilisation Scheme
135. M&As : Mergers and Acquisitions
136. MUDRA : Micro Units Development And Refinance Agency
137. NABARD : National Bank For Agriculture and Rural Development
138. NACH : National Automated Clearing House
139. NAFCUB : National Federation of Urban Cooperative Banks and Credit Societies
140. NAFED : National Agricultural Cooperative Marketing Federation
141. NAV : Net Asset Value
142. NBC : Net Bank Credit
143. NBFCs : Non-Bank Financial Companies
144. NCAER : National Council of Applied Economic Research
145. NCC : National Clearing Cells
146. NCS : Network Computing System
147. NDA : Net Domestic Assets
148. NDC : Non-Dues Certificate
149. NDS : Negotiated Dealing System
150. NDTL : Net Demand and Time Liabilities
151. NFA : Net Foreign Assets
152. NGO : Non-Governmental Organisation
153. NHB : National Housing Bank
154. NIl : Net Interest Income
155. Nof : Net Owned Funds
156. NPAs : Non-Performing Assets
157. NPLM : Non-Performing Loan Management
158. NPS : Non-Priority Sector
159. NRE : Non-Resident (External) Rupee Account
160. NRI : Non-Resident Indian
161. NRNR : Non-Resident Non-Repatriable Term Deposit Account
162. NRO : Non-Resident Ordinary Account
163. NRSR : Non-Resident (Special) Rupee Account
164. NSE : National Stock Exchange
165. NSIC : National Small Industries Corporation
166. NSS : National Savings Scheme
167. OBC : Oriental Bank of Commerce
168. OBE : Off-Balance Sheet Exposures
169. OBUs : Offshore Banking Units
170. OCB : Overseas Corporate Bodies
171. OD : Overdraft
172. OFCS : Offshore Financial Centers
173. OTCEI : Over The Counter Exchange of India Limited
174. OTS : One-Time Settlement
175. PACS : Primary Agricultural Credit Societies
176. PAN : Permanent Account Number
177. PBS : Projected Balance Sheet
178. PBT : Profit Before Tax
179. PC : Participation Certificate
180. PCA : Prompt Corrective Action
181. PCDs : Partly Convertible Debentures
182. PFls : Public Financial Institutions
183. PIN : Personal Identification Number
184. PIO : People of Indian Origin
185. PKI : Public Key Infrastructure
186. PLIs : Prime Lending Institutions
187. PLP : Potential Linked Plan
188. PLR : Prime Lending Rate
189. PMLA : Prevention of Money Laundering Act
190. POA : Power of Attorney
191. POS : Point of Sale
192. PSBs : Public Sector Banks
193. PTCs : Pass-Through Certificates
194. QIB : Qualified Institutional Buyers
195. QIP : Qualified Institutional Placement
196. QIS : Quantitative Impact Study
197. RAROC : Risk-Adjusted Return On Capital
198. RBI : Reserve Bank of India
199. RBS : Risk-Based Supervision
200. RCF : Risk Capital Foundation
201. RCI : Refinance Corporation For Industry
202. REPOS : Ready Forward Contracts
203. RFID : Radio Frequency Identification
204. RML : Reverse Mortgage Loan
205. RNBCs : Residuary Non-Banking Companies
206. ROA : Return On Assets
207. ROC : Registration of Companies
208. ROE : Return On Equity
209. RRBs : Regional Rural Banks
210. RTGS : Real Time Gross Settlement
211. SACs : Settlement Advisory Committees
212. SAMIS : Strategic Asset Management Information System
213. SARFAES : Securities and Reconstruction of Financial and Enforcement of Security Interest
214. SCB : State Cooperative Apex Bank
215. SEPUP : Self-Employment Programme For Urban Poor
216. SEZs : Special Economic Zones
217. SFCs : State Financial Corporations
218. SFMS : Structured Financial Messaging Solution
219. SGSY : Swarnajayanti Gram Swarojgar Yojana
220. SHGs : Self-Help Groups
221. SIDC : State Industrial Development Corporation
222. SIM : Subscriber Identity Module
223. SJSRY : Swarna Jayanti Shahari Rojgar Yojana
224. SLBC : State-Level Bankers’ Committee
225. SLR : Statutory Liquidity Ratio
226. SME : Small and Medium Enterprises
227. SPOM : Self-Programmable One-Chip Microcomputer
228. Spy : Special Purpose Vehicle
229. SSIDC : State Small Industries Development Corporation
230. SSls : Small Scale Industries
231. STF : Short-Term Finance
232. STP : Straight -Through Processing
233. SWIFT : Society For Worldwide Interbank Financial Telecommunication
234. TAN : Transaction Number/Tax Deduction Account Number
235. TDF : Technical Development Fund
236. TDICI : Technology Development and Information Company of India Limited
237. UTI : Unit Trust of India
238. VCF : Venture Capital Funds
239. VCP : Village Credit Plan
240. VRS : Voluntary Retirement Scheme
241. VUB : Vseobecmi Uverova Banka
242. WAN : Wide Area Network
243. WCDL : Working Capital Demand Loan
244. WL ATM : White Label ATM
245. WOS : Wholly Owned Subsidiary
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