Banking Abbreviations



A/C – Account
ACLF – Additional Collateralised Lending Facility
ACS – Automated Clearing Systm.
AD – Authorized Dealer.
ADR – American Depository Receipt.
ADTV – Average Daily Trading Volume
AEPS – Aadhaar Enabled Payments System
AFS – Annual Financial Statement.
AGM – Annual General Meeting.
AIC – Agricultural Insurance Company.
AIDBs – All India Development Banks
AIFIs – All India Financial Institutions
ALCO – Asset Liability Committee
ALM – Asset Liability Management
AMFL – Association of Mutual Funds in India.
AML – Anti-Money Laundering
ANBC – Adjusted Net Bank Credit
APBS – Aadhaar Payment Bridge System
ARC – Asset Reconstruction Companies
ASBA – Application Supported by Blocked Amount
ASSOCHAM – Associated Chambers of Commerce and Industry of India.
ATM – Automated Teller Machine.


BACS – Bankers Automated Clearing System
BBR – Bank Base Rate
BCSBI – Banking Codes and Standards Board of India.
BFS – Board of Financial Supervision
BIRD – Bankers Institute of Rural Development
BIS – Bank for International Settlement
BO – Banking Ombudsman
BOB – Bank of Baroda
BOD – Board of Directors
BOE – Bill of Exchange
BOI – Bank of India
BOM – Bank of Maharashtra
BPLR – Benchmark Prime Lending Rate
BR Act – Banking Regulations Act, 1949.
BSCS – Basel Committee on Banking Supervision.
BSE – Bombay Stock Exchange.
BWR – Brickwork Rating


CA – Chartered Accountant.
CAAP – Capital Adequacy Assessment Process
CAMELS – Capital, Assets, Management, Earnings, Liquidity, and Systems and Control
CAR – Capital Adequacy Ratio
CARE – Credit Analysis and Research Limited
CASA – Current And Saving Account
CBI – Central Bank of India
CBLO – Collateralized Bank Lending Obligations
CBS – Core Banking Solution
CC – Cash Credit
CCB – Central Co-operative Bank
CCIL – Clearing Corporation of India Limited
CCL – Cash Credit Limit
CD – Certificate of Deposit
CD Ratio – Credit Deposit Ratio
CDBS – Committee of Direction on Banking Statistics.
CDR – Corporate Debt Restructuring
CDS – Credit Default Swap.
CFMS – Centralised Funds Management System
CFS – Committee on the Financial System
CHAPS – Clearing House Automated Payment System
CIBIL – Credit Information Bureau Of India Limited
CLB – Company Law Board
CLF – Collateralised Lending Facility
CMA – Collateral Management Agreement
CMIS – Currency Management Information System
CMP – Current Market Price
CPI – Consumer Price Index.
CPs – Commercial Papers.
CRAR – Capital to Risk-weighted Assets Ratio
CRILC – Central Repository of Information on Large Credits
CRISIL – Credit Rating And Investment Services India Limited
CRM – Customer Relationship Management
CRMD – Credit Risk Management Department.
CRR – Cash Reserve Ratio.
CSB – Catholic Syrian Bank
CUB – City Union Bank


DCCB – District Central Co-operative Bank
DD – Demand Draft
DFID – Department For International Development
DICGC – Deposit Insurance and Credit Guarantee Corporation
DIR – Differential Interest Rate
DNPD – Derivatives and New Products Departments
DPG – Deferred Payment Guarantee
DPN – Demand Promissory Note
DPs – Depository Participants
DRAT – Debt Recovery Appellate Tribunal
DRI – Differential Rate of Interest
DRT – Debt Recovery Tribunals
DSCR – Debt Service Coverage Ratio
DTAA – Double Taxation Avoidance Agreement.


ECB – External Commercial Borrowing
ECS – Electronic Clearing System.
ED – Enforcement Directorate
EDF – Export Development Fund
EDI – Electronic Data Interchange
EDP – Entrepreneurship Development Programme
EEFC – Exchange Earners’ Foreign Currency
EFT – Electronic Fund Transfer
EFTPOS – Electronic Funds Transfer At Point Of Sale
ELSS – Equity Linked Saving Scheme.
EMI – Equated Monthly Installment
EPFO – Employees’ Provident Fund Organisation
EPOS – Electronic Point Of Sale
EPS – Earning per Share
ESI – Employees’ State Insurance
ESOP – Employee Stock Options
EXIM  – Export Import Bank of India.


FATCA – Foreign Account Tax Compliance Act
FATF  – Financial Action Task Force
FCA – Foreign Currency Assets.
FCCB – Foreign Currency Convertible Bond
FCD – Fully Convertible Debentures
FCNR – Foreign Currency Non Resident Deposit Accounts
FD – Fixed Deposit
FDI – Foreign Direct Investment
FEDAI – Foreign Exchange Dealers Association Of India
FEMA – Foreign Exchange Management Act
FERA – Foreign Exchange Regulatory Act
FFA – Federal Financial Assistance
FFB – Federal Financing Bank
FICCI – Federation of Indian Chambers of Commerce and Industry.
FII – Foreign Institutional Investor.
FIMMDA – Fixed Income Money Market and Derivatives Association of India
FINO – Financial Information Network and Operation Limited
FIPB – Foreign Investment Promotion Board.
Fls – Financial Institutions
FPI – Foreign Portfolio Investment.
FRB – Federal Reserve Bank
FRBMA – Fiscal Responsibility and Budget Management Act
FSLRC – Financial Sector Legislative Reforms Commission
FSRASC – Financial Sector Regulatory Appointment Search Committee


GDP – Gross Domestic Product
GDR – Global Depository Receipt.
GFD – Gross Fiscal Deficit.
GIPSA – General Insurance Public Sector Association
GlC – General Insurance Corporation of India
GMS – Gold Monetisation Scheme
GNP – Gross National Product
GST – Goods and Services Tax
GSTN – Goods and Services Network


HDFC – Housing Development Finance Corporation.
HFCs – Housing Finance Companies
HSBC – Hong-Kong and Shanghai Banking Corporation
HUDCO – Housing and Urban Development Corporation


IB – Indian Bank
IBA – Indian Bank Association
IBBI – Insolvency and Bankruptcy Board of India
IBPS – Institute of Banking Personnel Selection.
IBRD – International Bank For Reconstruction And Development.
IBS – International Banking Statistics
IBU – International Banking Unit
ICFAI  – Institute Of Chartered Financial Analysts Of India
ICICI – Industrial Credit and Investment Corporation of India
ICRA – Investment Information and Credit Rating Agency of India Limited
IDBI –  Industrial Development Bank of India
IDFC – Infrastructure Development Finance Company
IDR – Indian Depository Receipts.
IEPF – Investors Education and Protection Fund
IFCI – Industrial Finance Corporation of India
IFSC – Indian Financial System Code
IIB – International Investment Bank.
IIBF – Indian Institute of Banking and Finance.
IIBI – Industrial Investment Bank of India
IIBM – Indian Institute of Bank Management
IIFCL – India Infrastructure Finance Company Limited
IMPS – Immediate Payment Service
IMT – Instant Money Transfer
INFINET – Indian Financial Network
INR – Indian Rupee
IOB – Indian Overseas Bank
IP – Internet Provider
IPO – Initial Public Offer
IPPB – India Post Payments Bank
IPSS – Integrated Payment and Settlement System
IRBI – Industrial Reconstruction Bank of India.
IRDA – Insurance Regulatory and Development Authority of India
IRDP – Integrated Rural Development Programme
IRE – Internal Rating Based
IROs – Interest rate options
IRR – Internal Rate of Return.
ISIN – International Securities Identification Number
ISO – International Standard Organisation


JLGs – Joint Liability Groups


KCC – Kisan Credit Card
KVB – Karur Vysya Bank.
KVIC – Khadi and Village Industries Corporation
KVP – Kisan Vikas Patra
KYC – Know Your Customer


LAF – Liquidity Adjustment Facility
LAN – Local Area Network
LCR – Liquidity Coverage Ratio
LIBOR – London Inter Bank Offered Rate.
LIC – Life Insurance Corporation Of India
LOC – Lines of Credit
LTCG – Long-Term Capital Gains


MCA – Ministry Of Company Affairs
MCLR – Marginal Cost Of Lending Rate
MFIs – Micro-Financial Institutions
MIBID – Mumbai Interbank Bid Rate
MIBOR – Mumbai Inter Bank Offer Rate.
MICR – Magnetic Ink Character Recognition
MIS – Management Information System
MPBF – Maximum Permissible Bank Finance
MUDRA – Micro Units Development and Refinance Agency


NABARD – National Bank for Agriculture and Rural Development
NAFCUB – National Federation of Urban Cooperative Banks and Credit Societies
NASDAQ – National Association For Securities Dealers Automated Quotations
NAV – Net Asset Value
NBC – Non Banking Companies.
NBFCs – Non Banking Finance Companies
NCC – National Clearing Cells
NDA – Net Domestic Asset
NDSAP – National Data Sharing and Accessibility Policy
NDTL – Net Demand And Time Liability
NECS – National Electronic Clearing System
NEFT – National Electronic Funds Transfer
NFA – No Frills Account.
NFS – National Financial Switch
NGO- Non Governmental Organisation
NHB – National Housing Bank
NIl – Net Interest Income
NPAs – Non Performing Assets.
NPCI – National Payments Corporation of India
NPS – National Pensions Scheme.
NPV – Net Present Value
NRE – Non Resident External Account
NRI – Non Resident Indian
NRNR – Non Resident Non Repatriable Term Deposit Account
NRO – Non Resident Ordinary Account
NRSR – Non Resident (Special) Rupee Account
NSE – National Stock Exchange.
NSFDC – National Scheduled Castes Finance And Development Corporation
NSIC – National Small Industries Corporation
NSS – National Savings Scheme


OBE – Off-Balance Sheet Exposures
OD -Overdraft
OLTAS – Online Tax Accounting System
OMO – Open Market Operations
OTCEI – Over the Counter Exchange Of India
OTP – One-Time Password
OTS – One-Time Settlement


PAN – Permanent Account Number
PBS – Projected Balance Sheet
PBT – Profit Before Tax
PCA – Prompt Corrective Action
PCARDB – Primary Cooperative Agriculture and Rural Development Bank
PCDs – Partly Convertible Debentures
PF – Provident Fund
PFRDA – Pension Fund Regulatory and Development Authority
PIN – Personal Identification Number
PIS – Portfolio Investment Scheme
PKI – Public Key Infrastructure
PLIs – Prime Lending Institutions
PLR – Prime Lending Rate
PMLA – Prevention of Money Laundering Act
PNB – Punjab National Bank
P-Notes – Participatory Notes
PO – Probationary Officer
POA – Power of Attorney
POS – Point of Sale
PPF – Public Provident Fund
PSBs – Public Sector Banks
PTCs   – Pass-Through Certificates


QIB – Qualified Institutional Bankers


RAROC – Risk-Adjusted Return On Capital
RBI – Reserve Bank of India
RCI – Refinance Corporation For Industry
RFC – Resident Foreign Currency
RIDF – Rural Infrastructure Development Fund
RML – Reverse Mortgage Loan
RoA – Return On Assets
ROC – Registration of Companies
RoE – Return On Equity
RRB – Regional Rural Bank.
RTGS – Real Time Gross Settlement
RWA – Risk Weighted Assets


SACs – Settlement Advisory Committees
SARFAESI – Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest
SB – Saving Book
SBI – State Bank of India
SCB – Standard Chartered Bank
SDS – Special Deposit Scheme
SEBI – Securities and Exchange Board of India
SENSEX – Sensitive Index Of Stock Exchange
SEZs – Special Economic Zones
SFCs – State Financial Corporations
SFMS – Structured Financial Messaging Services
SGB – Sovereign Gold Bond
SGSY – Swarnajayanti Gram Swarojgar Yojana
SHG – Self Help Group
SIB – South Indian Bank
SIDBI – Small Industries Development Bank of India
SIP – Systematic Investment Plans
SJSRY – Swarna Jayanthi Shahari Rozgar Yojana
SLR – Statutory Liquidity Ratio
SLRS – Scheme for Liberation and Rehabilitation of Scavengers
SME – Small and Medium Industries
SMILE – SIDBI Make in India Loan for small Enterprises
SPY – Special Purpose Vehicle
SSI – Small Scale Industries
SSIDC – State Small Industries Development Corporation
STD – Short Term Deposit
STF – Short Term Finance
STP – Straight Through Processing
SWIFT – Society For Worldwide Interbank Financial Telecommunication
SWOT – Strength, Weaknesses, Opportunities And Threats


T/T – Telegraphic Transfer
TAN – Tax Deduction Account Number
TARC – Tax Administration Reform Commission
TDS – Tax Deducted at Source
TIN – Tax Information Network
TT – Telegraph Transfer


UBI – United Bank of India
UBIN – Unique Business Identification Number
UCB – Urban Cooperative bank
UEBA – Universal Electronic Bank Account.
UIC – Unique Identification Code
UIDAI – Unique Identification Development Authority of India
UPI – Unified Payments Interface
UTI – Unit Trust of India


VCFs  – Venture Capital Funds
VPA – Virtual Payment Address
VRS – Voluntary Retirement Scheme


WCDL – Working Capital Demand Loan
WCTL – Working Capital Term Loan
WL ATM – White Label ATM.
WMA – Ways and Means Advances
WOS – Wholly Owned Subsidiary
WPI – Wholesale Price Index


YTM – Yield to Maturity
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