Useful Banking Terms – Abbreviations:
Banking Sector consist of lot of terms and abbreviations which will be more essential for the candidates those who are applied for IBPS exams. Make use of it.
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•LIC – Life Insurance Corporation of India •MCA – Ministry of Company affairs •MIS – Management Information System •NRI – Non Resident Indian •NSE – National Stock Exchange •OLTAS– Online tax accounting system •OMO – Open market operations • PACS – Primary Agricultural Credit Societies •PDO – Public Debt Office •PIN – Personal Identification Number •QIB– Qualified Institutional Buyers •RBI – Reserve Bank of India •RDBMS – Relational Database Management System •REC – Rural Electrification Corporation •RFC – Resident Foreign Currency •RIDF – Rural Infrastructure Development Fund •RRB – Regional Rural Bank •ISCI – International Standard Industrial Classification
•KCC– Kisan Credit Card •KVIC– Khadi and Village Industries Corporation • KYC – Know your customer •LAMPS – Large Sized Adivasi Multipurpose societies •LERMS – Liberalised Exchange Rate Management System •MICR – Magnetic Ink Character Recognition •NABARD – National Bank for Agriculture and Rural Development •NBFC – Non Banking Finance Companies •NEFT – National Electronic Funds Transfer •NPA – Non Performing assets •NRE – Non Resident External account •RTGS – Real Time Gross Settlement •RWA – Risk Weighted Assets •SBI – State Bank of India •SCB – Scheduled Commercial Bank •SDR – Special Drawing Rights •SEBI – Securities and Exchange Board of India •SFMS – Structured Financial Messaging Services •SHG – Self Help Group •SIDBI – Small Industries Development Bank of India •SIDC – State Industrial Development Corporation •SJSRY –Swarna Jayanthi Shahari Rozgar Yojana •SLR – Statutory Liquidity Ratio •SLRS – Scheme for Liberation and Rehabilitation of Scavangers •SMERA – SME rating agency of India Limited •SSI – Small Scale Industries •SME – Small and Medium Industries •MSS – Market Stabilisation Scheme •CRAR – Capital to Risk Assets Ratio •FSDC – Financial Stability and Development Council •SCARDB – State Cooperative Agriculture and Rural Development Banks •LERMS – Liberalised Exchange Rate Management System . |
•SSSBE – Small Scale Service and Business Enterprises •UTI – Unit Trust of India •WPI – Wholesale Price Index •YTM – Yield to maturity •LAB – Local Area Banks •ALM – Asset Liability Management •ANBC – Adjusted Net Bank Credit •ASBA – Applications supported Bank accounts •BOE – Bill of Exchange •CASA – Current and savings accounts •CBLO – Collateralised Bank Lending Obligations •CIBIL – Credit Information Bureau of India Limited •DPG – Deferred Payment Guarantee •DPN – Demand Promissory Note •DRAT – Debt Recovery Appellate tribunal •DRI – Differential Rate of Interest •DSCR – Debt Service Coverage Ratio •EDI – Electronic Data Interchange •EMI – Equated Monthly Instalments •EPS – Earnings Per Share •ESOP – Employee Stock Options •FEDAI – Foreign Exchange Dealers Association of India •FFMC – Full Fledged Money Changers •FOB – Free on Board •LIBOR – London Inter Bank Operations Rate •MIBOR – Mumbai Inter Bank Operations Rate •MOU – Memorandum of Understanding •MCA – Ministry of Company Affairs •NPV – Net Present Value •OCB – Overseas Corporate Bodies •POA – Power of Attorney •RKBY – Rashtriya Krishi Bima Yojana •SEBI – Securities and Exchange Board of India •LAF – Liquidity Adjustment Facility •IDBI – Industrial Development Bank of India •BCSBI – Banking Codes and Standards Board of India •IRDA – Insurance Regulatory Development Authority •DICGC – Deposit Insurance and Credit Guarantee Corporation •SPV – Special Purpose Vehicle •CRISIL – Credit Rating Information Services of India Limited •ICRA – Investment Information and Credit Rating Agency of India Limited •CARE – Credit Analysis and Research Limited •MCX – Multi Commodity Exchange •CCIL – Clearing Corporation of India Limited •OTCEI – Over the Counter Exchange of India •EFT – Electronic Funds Transfer •NDS – Negotiated Dealing System •ARF – Asset Reconstruction Fund
•CAC – Capital account convertibility
•BOT – Balance of Trade
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Online Mock Tests 2019:
