Important Banking Abbreviations Asked in Various Banking Exams – Free Download
Dear Spartans, Here we are providing the list of important banking abbreviations which is one of the most important static topics that was asked in various Competitive exams like IBPS, LIC, UIC. For every bank competitive exam and Insurance exam, banking abbreviations play a vital role. Compulsorily there will be 1 or 2 questions from these banking abbreviations topics that we can score easily from this banking abbreviations section.
List of Important Banking Abbreviations Asked in Previous Exams & Other Important Banking Abbreviations
| AD | Authorized Dealer |
| ADB | Asian Development Bank |
| ADR | American Depository Receipt |
| AEPS | Aadhar Enabled Payment Switch |
| AFS | Annual Financial Statement |
| AGM | Annual General Meeting |
| AIF | Alternative Investment Fund |
| AIDBs | All India Development Banks |
| AIFIs | All India Financial Institutions |
| ALCO | Asset Liability Committee |
| ALM | Asset Liability Management |
| AMFI | Association of Mutual Funds in India |
| AML | Anti Money Laundering |
| ANBC | Adjusted Net Banking Credit |
| APACS | Association of Payment and Clearing Service |
| ARC | Asset Reconstruction Company |
| ASBA | Applications Supported by Blocked Account |
| ASSOCHAM | Associated Chambers of Commerce and Industry of India |
| ATM | Automated Teller Machine |
Important Baking Abbreviations – Starts with “B” |
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| BACS | Bankers Automated Clearing System |
| BCBS | Basel Committee on Banking Supervision |
| BCP | Branch Credit Plan |
| BCSBI | Banking Codes and Standards Board of India |
| BIS | Bank for International Settlements |
| BO | Banking Ombudsman |
| BOB | Bank Of Baroda |
| BOE | Bill Of Exchange |
| BOI | Bank Of India |
| BOP | Balance Of Payments |
| BPLR | Benchmark Prime Lending Rate |
| BSBDA | Basic Savings Bank Deposit Account |
| BSE | Bombay Stock Exchange |
| BSR | Basic Statistical Returns |
Important Banking Abbreviations – Starts with “C” |
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| CA | Chartered Account |
| CAAP | Capital Adequacy Assessment Process |
| CAGR | Compound Annual Growth Rate |
| CAD | Capital Account Deficit |
| CAG | Comptroller and Auditor General |
| CAR | Capital Adequacy Ratio |
| CARE | Credit Analysis and Research Limited |
| CASA | Current Account Savings Account |
| CBS | Core Banking Solution |
| CBT | Computer-Based Terminal |
| CC | Cash Credit |
| CCIL | Clearing Corporation of India Limited |
| CD | Certificate of Deposit |
| CDR | Corporate Debt Restructuring |
| CEPA | Comprehensive Economic Partnership Management |
| CFMS | Centralized Fund Management System |
| CIBIL | Credit Information Bureau of India Limited |
| CII | Confederation of Indian Industry |
| CMIS | Currency Management Information System |
| CP | Commercial paper |
| CPI | Consumer Price Index |
| CRAR | Capital to Risk Weighted Asset Ratio |
| CRISIL | Credit Rating Information Service of India Limited |
| CRMD | Credit Risk Management Department |
| CRR | Cash Reserve Ratio |
| CSIR | Council of Scientific and Industrial Research |
| CSO | Central Statistical Office |
| CSR | Corporate Social Responsibility |
| CTS | Cheque Truncation System |
| CVC | Central Vigilance Commission |
Important Banking Abbreviations – Starts with “D” |
|
| DB | Dena Bank |
| DBS | Department of Banking Supervision |
| DCCB | District Central Cooperative Bank |
| DD | Demand Draft |
| DFI | Development Financial Institutions |
| DICGC | Deposit Insurance and Credit Guarantee Corporation |
| DPs | Depository Participants |
| DPG | Deferred Payment Guarantee |
| DPN | Demand Promissory Note |
| DRAT | Debt Recovery Appellate Tribunal |
| DRI | Differential rate of Interest |
| DSA | Direct Selling Agent |
| DSCR | Debt Service Coverage Ratio |
| DTAA | Double Taxation Avoidance Agreement |
Important Banking Abbreviations – Starts with “E” |
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| EBRD | European Bank for Reconstruction and Development |
| EBT | Electronic Benefit Transfer |
| ECB | External Commercial Borrowings |
| ECS | Electronic Clearing Service |
| ED | Enforcement Directorate |
| EDF | Export Development Fund |
| EDI | Electronic Data Interchange |
| EDMU | External Debt Management Unit |
| EDP | Entrepreneurship Development Programme |
| EFT | Electronic Fund Transfer |
| EEFC | Exchange Earners Foreign Currency |
| ELSS | Equity Linked Savings Scheme |
| EMI | Equated Monthly Installment |
| EPS | Earnings Per Share |
| EPF | Employee Provident Fund |
| ESOP | Employee Stock Options |
| ETF | Exchange Trade Fund |
| EXIM | Export Import Bank of India |
Important Banking Abbreviations – Starts with “F” |
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| FATF | Financial Action Task Force |
| FCA | Financial Currency Assets |
| FCCB | Foreign Currency Convertible Bond |
| FCD | Fully Convertible Debentures |
| FCNRA | Foreign Currency Non – Resident Account |
| FCNRD | Foreign Currency Non – Repatriable Deposit |
| FDI | Foreign Direct Investment |
| FEMA | Foreign Exchange Management Act |
| FEDAI | Foreign Exchange Dealers Association of India |
| FICCI | Federation of International Chambers of Commerce and Industry |
| FII | Foreign Institutional Investors |
| FIPB | Foreign Investment Promotion Board |
| Fis | Financial Institutions |
| FINO | Financial Information Network and Operations Limited |
| FPI | Foreign Portfolio Investment |
| FRBM | Fiscal Responsibility and Budget Management Act, 2003 |
| FTA | Free Trade Agreement |
Important Banking Abbreviations – Starts with “G” |
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| GAAR | General Anti Avoidance Rule |
| GDP | Gross Domestic Product |
| GDR | Global Depository Receipt |
| GFD | Gross Fiscal Deficit |
| GIC | General Insurance Corporation |
| GIRO | Government Internal Revenue Order |
| GMS | Gold Monetization Scheme |
| GST | Goods and Service Tax |
| GVA | Gross Value Added |
| GPD | Gross Primary Deficit |
| G-sec | Government Securities |
Important Banking Abbreviations – Starts with “H” |
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| HDFC | Housing Development Finance Corporation |
| HFC | Housing Finance Company |
| HFT | Held For Trading |
| HSBC | Hong Kong and Shanghai Banking Cooperation |
| HUDCO | Housing and Urban Development Corporation |
Important Banking Abbreviations – Starts with “I” |
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| IA | Internal Audit |
| IAS | Integrated Account System |
| IBA | Indian Banks Association |
| IBBI | Insolvency and Bankruptcy Board of India |
| IBRD | International Bank for Reconstruction and Development |
| IBU | International Banking Unit |
| ICAO | International Civil Aviation Organization |
| ICAR | International Council of Agricultural Research |
| ICMR | International Council of Medical Research |
| ICICI | Industrial Credit and Investment Corporation of India |
| ICRA | Investment Information and Credit Rating Agency |
| IDB | Islamic Development Bank |
| IDBI | Industrial Development Bank of India |
| IDR | Indian Depository receipt |
| IDRBT | Institute for Development and Research in Banking Technology |
| IEPF | Investors Education and Protection Fund |
| IFSC | Indian Financial System Code |
| IFC | International Finance Corporation |
| IFCI | Industrial Finance Corporation of India |
| IIBF | International Institute of Banking and Finance |
| IIBI | Industrial Investment Bank of India |
| IMPS | Immediate Payment Service |
| IMF | International Monetary Fund |
| IMT | Instant Money Transfer |
| INFINET | Indian Financial Network |
| IPO | Initial Public Offer |
| IPPB | India Post Payment Bank |
| IRDA | Insurance Regulatory and Development Authority |
| IRDP | Integrated Rural Development Programme |
| IRR | Internal Rate of Return |
| ISIN | International Securities Identification Number |
| ISO | International Standard Organization |
Important Banking Abbreviations – Starts with “J” |
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| JLGs | Joint Liability Groups |
| KCC | Kissan Credit Card |
| KMB | Kotak Mahindra Bank |
| KVB | Karur Vysya Bank |
| KVIC | Khadi and Village Industries Corporation |
| KVP | Kissan Vikas Patra |
| KYC | Know Your Customer |
| LAB | Local Area Bank |
| LAF | Liquidity Adjustment Facility |
| LBS | Lead Bank Scheme |
| LDB | Land Development Bank |
| LERMS | Liberalized Exchange Rate Management System |
| LOC | Lines of Credit |
| LTCG | Long-term Capital gain |
| LTV | Loan To Value |
| LTF | Long-term Finance |
| LTIF | Long Term Irrigation Fund |
Important Banking Abbreviations – Starts with “M” |
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| MCA | Ministry of Company Affairs |
| MCLR | Marginal Cost of Fund based Lending Rate |
| MDR | Merchant Discount Rate |
| MFDF | Micro Finance Development Fund |
| MFIs | Micro Financial Institutions |
| MIBOR | Mumbai Inter Bank Offer Rate |
| MICR | Magnetic Ink Character Recognition |
| MIS | Management Information System |
| MSF | Marginal Standing Facility |
| MSS | Market Stabilization Scheme |
| MUDRA | Micro Units Development and Refinance Agency Bank |
Important Banking Abbreviations – Starts with “N” |
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| NABARD | National Bank for Agricultural and Rural Development |
| NACH | National Automated Clearing House |
| NAFCUB | National Federation of Urban Cooperative Banks and Credit Societies |
| NAV | Net Asset Value |
| NASSCOM | National Association of Software and Services Companies |
| NBC | Net Bank Credit |
| NBFCs | Non Banking Financial Companies |
| NDA | Net Domestic Asset |
| NDTL | Net Demand Time Liabilities |
| NEER | Nominal Effective Exchange Rate |
| NECS | National Electronic Clearing System |
| NEFT | National Electronic Fund Transfer |
| NFA | No Frills Account |
| NGO | Non Government Organization |
| NHB | National Housing Bank |
| NII | Net Interest Income |
| NPAs | Non Performing Assets |
| NPCI | National Payment Corporation of India |
| NPS | National Pension Scheme |
| NRE | Non Resident External (Rupee Account) |
| NRI | Non Resident Indian |
| NRO | Non Resident Ordinary Account |
| NSE | National Stock Exchange |
| NSS | National Savings Scheme |
| NSFDC | National Scheduled castes Finance and Development Corporation |
| NSSF | National Small Savings Fund |
Important Banking Abbreviations – Starts with “O” |
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| OBC | Oriental Bank of Commerce |
| OCB | Overseas Corporate Bodies |
| OD | Over Draft |
| ODI | Overseas Derivative Instruments |
| OECD | Organization for Economic Cooperation and Development |
| OLTAS | Online Tax Accounting System |
| OMO | Open Market Operations |
| OTCEI | Over The Counter Exchange of India |
| OTP | One Time Password |
| OTS | One Time Settlement |
Important Banking Abbreviations – Starts with “P” |
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| PACS | Primary Agricultural Credit Society |
| PAN | Permanent Account Number |
| PBT | Profit Before Tax |
| PCA | Prompt Corrective Action |
| PCDs | Partly Convertible Debentures |
| PDs | Primary Dealers |
| PDO | Public Debt Office |
| PFRDA | Pension Fund Regulatory and Development Authority |
| PGS | Payment Gateway System |
| PMAY | Pradhan Mantri Awas Yojana |
| PIN | Personal Identification number |
| PIO | People of Indian Origin |
| PIS | Portfolio Investment Scheme |
| PKI | Public Key Infrastructure |
| PLIs | Prime Lending Institutions |
| PLR | Prime Lending Rate |
| PMLA | Prevention of Money Laundering Act |
| POA | Power Of Attorney |
| POS | Point Of Sale |
| PPF | Public Provident Fund |
| PPIs | Prepaid Payment Instruments |
| PUC | Paid Up Capital |
Important Banking Abbreviations |
|
| QIBs | Qualified Institutional Bankers |
| RBI | Reserve Bank of India |
| RBS | Royal Bank of Scotland |
| RDBMS | Relational Database Management System |
| RFID | Radio Frequency Identification |
| RFC | Resident Foreign Currency |
| RIDF | Rural Infrastructure Development Fund |
| RML | Reverse Mortgage loan |
| RNBCs | Residuary Non Banking Companies |
| RoA | Return on Asset |
| RoE | Return on Equity |
| RRB | Regional Rural Bank |
| RTGS | Real Time Gross Settlement |
| RWA | Risk Weighted Asset |
Important Banking Abbreviations – Starts with “S” |
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| SARFAESI | Securitization And Reconstruction of Financial Asset And Enforcement of Securities Interest Act |
| SCB | Scheduled Commercial Bank |
| SCC | Selective Credit Control |
| SDR | Special Drawing Rights |
| SEBI | Securities and Exchange Board of India |
| SEAC | State Expert Appraisal Committee |
| SEPA | Single Euro Payment Area |
| SGB | Sovereign Gold Bond |
| SGSY | Swarna Jayanthi Gram Swarojgar Yojana |
| SHG | Self Help group |
| SIDBI | Small Industries and Development Bank of India |
| SIDC | State Industrial Development Corporation |
| SCB | State Cooperative Apex Bank |
| SEZs | Special Economic Zones |
| SFCs | State Financial Corporations |
| SIDC | State Industrial Development Corporation |
| SIP | Systematic Investment Plan |
| SLR | Statutory Liquidity Ratio |
| SME | Small Medium Enterprises |
| SPNS | Shared Payment Network System |
| SSIs | Small Scale Industries |
| STF | Short Term Finance |
| SWIFT | Society for Worldwide Interbank Telecommunication |
Important Banking Abbreviations – Starts with “T” |
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| T/T | Telegraphic Transfer |
| TAN | Transaction Number/Tax Deduction Account Number |
| TIN | Tax Information Number |
| TBs | Treasury Bills |
| TDS | Tax Deducted at Source |
| UBI | United Bank of India |
| UBIN | Unique Business Identification Number |
| UCB | Urban Cooperative Bank |
| UIDAI | Unique Identification Authority of India |
| UPI | Unified Payment Interface |
| UPIN | Unique Property Identification Number |
| USD | United States Dollar |
| USSD | Unstructured Supplementary Service Data |
| UTI | Unit Trust of India |
| VDBS | Vertically Differentiated Banking System |
| VCFs | Venture Capital funds |
| VCP | Village Credit Plan |
| VPA | Virtual Payment Address |
Important Banking Abbreviations – Starts with “W” |
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| WAN | Wide Area Network |
| WBCIS | Weather Based Crop Insurance Scheme |
| WCDL | Working Capital Demand Loan |
| WCTL | Working Capital Term Loan |
| WL ATM | White Label ATM |
| WMA | Ways and Means Advances |
| WPI | Wholesale Price Index |
| WOS | Wholly Owned Subsidiary |
| WWW | World Wide Web |
| YTM | Yield To Maturity |
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