Useful Banking Abbreviations

Below are some useful abbreviations related to BANKING Terms.

  1. ISCI – International Standard Industrial Classification
  2. KCC – Kisan Credit Card
  3. KVIC – Khadi and Village Industries Corporation
  4. KYC – Know your customer
  5. LAMPS – Large Sized Adivasi Multipurpose societies
  6. LERMS – Liberalised Exchange Rate Management System
  7. LIC – Life Insurance Corporation of India
  8. MCA – Ministry of Company affairs
  9. MIS – Management Information System
  10. MICR – Magnetic Ink Character Recognition
  11. NABARD – National Bank for Agriculture and Rural Development
  12. NBFC – Non Banking Finance Companies
  13. NEFT – National Electronic Funds Transfer
  14. NPA – Non Performing assets
  15. NRE – Non Resident External account
  16. NRI – Non Resident Indian
  17. NSE – National Stock Exchange
  18. OLTAS – Online tax accounting system
  19. OMO – Open market operations
  20. PACS – Primary Agricultural Credit Societies
  21. PDO – Public Debt Office
  22. PIN – Personal Identification Number
  23. QIB – Qualified Institutional Buyers
  24. RBI – Reserve Bank of India
  25. RDBMS – Relational Database Management System
  26. REC – Rural Electrification Corporation
  27. RFC – Resident Foreign Currency
  28. RIDF – Rural Infrastructure Development Fund
  29. RRB – Regional Rural Bank
  30. RTGS – Real Time Gross Settlement
  31. RWA – Risk Weighted Assets
  32. SBI – State Bank of India
  33. SCB – Scheduled Commercial Bank
  34. SDR – Special Drawing Rights
  35. SEBI – Securities and Exchange Board of India
  36. SFMS – Structured Financial Messaging Services
  37. SHG – Self Help Group
  38. SIDBI – Small Industries Development Bank of India
  39. SIDC – State Industrial Development Corporation
  40. SJSRY –Swarna Jayanthi Shahari Rozgar Yojana
  41. SLR – Statutory Liquidity Ratio
  42. SLRS – Scheme for Liberation and Rehabilitation of Scavangers
  43. SMERA – SME rating agency of India Limited
  44. SSI – Small Scale Industries
  45. SME – Small and Medium Enterprises
  46. SSSBE – Small Scale Service and Business Enterprises
  47. UTI – Unit Trust of India
  48. WPI – Wholesale Price Index
  49. YTM – Yield to maturity
  50. LAB – Local Area Banks
  51. ALM – Asset Liability Management
  52. ANBC – Adjusted Net Bank Credit
  53. ASBA – Applications supported Bank accounts
  54. BOE – Bill of Exchange
  55. CASA – Current and savings accounts
  56. CBLO – Collateralised Bank Lending Obligations
  57. CIBIL – Credit Information Bureau of India Limited
  58. DPG – Deferred Payment Guarantee
  59. DPN – Demand Promissory Note
  60. DRAT – Debt Recovery Appellate tribunal
  61. DRI – Differential Rate of Interest
  62. DSCR – Debt Service Coverage Ratio
  63. EDI – Electronic Data Interchange
  64. EMI – Equated Monthly Instalments
  65. EPS – Earnings Per Share
  66. ESOP – Employee Stock Options
  67. FEDAI – Foreign Exchange Dealers Association of India
  68. FFMC – Full Fledged Money Changers
  69. FOB – Free on Board
  70. LIBOR – London Inter Bank Operations Rate
  71. MIBOR – Mumbai Inter Bank Operations Rate
  72. MOU – Memorandum of Understanding
  73. MCA – Ministry of Company Affairs
  74. NPV – Net Present Value
  75. OCB – Overseas Corporate Bodies
  76. POA – Power of Attorney
  77. RKBY – Rashtriya Krishi Bima Yojana
  78. SEBI – Securities and Exchange Board of India
  79. LAF – Liquidity Adjustment Facility
  80. IDBI – Industrial Development Bank of India
  81. BCSBI – Banking Codes and Standards Board of India
  82. IRDA – Insurance Regulatory Development Authority
  83. DICGC – Deposit Insurance and Credit Gurantee Corporation
  84. SPV – Special Purpose Vehicle
  85. CRISIL – Credit Rating Information Services of India Limited
  86. ICRA – Investment Information and Credit Rating Agency of India Limited
  87. CARE – Credit Analysis and Research Limited
  88. MCX – Multi Commodity Exchange
  89. CCIL – Clearing Corporation of India Limited
  90. OTCEI – Over the Counter Exchange of India
  91. EFT – Electronic Funds Transfer
  92. ARF – Asset Reconstruction Fund
  93. MSS – Market Stabilisation Scheme
  94. CRAR – Capital to Risk Assets Ratio
  95. FSDC – Financial Stability and Development Council
  96. SCARDB – State Cooperative Agriculture and Rural Development Banks
  97. LERMS – Liberalised Exchange Rate Management System
  98. BOT – Balance of Trade
  99. CAC – Capital account convertibility
  100. NDS – Negotiated Dealing System

Related Posts