Useful Banking Terms – Abbreviations


    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.


    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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