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” | |
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” | |
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” | |
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” | |
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” | |
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” | |
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” | |
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” | |
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” | |
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” | |
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” | |
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” | |
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” | |
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” | |
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” | |
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 |
This post was last modified on April 19, 2021 5:02 pm