Affairs

Important Abbreviations in Banking

Acronyms Important Abbreviations in Banking
ADB Asian Development Bank
ADF Automated Data Flow
ADR American Depository Receipt
AEPS Aadhaar Enabled Payment System
AIF Alternative Investment Fund
AIFI All India Financial Institutions
AIIB Asian Infrastructure Investment Bank
ALCO Asset/ Liability Committee
ALM Asset Liability Management
AMFI Association of Mutual Funds in India
AML Anti-Money Laundering
ANBC Adjusted Net Bank Credit
APBS Aadhaar Payment Bridge System
ARC Asset Reconstruction Companies
ARCIL Asset Reconstruction Companies India Limited
ARM Adjustable-Rate Mortgage
ASBA Applications Supported by Blocked Amount
ASSOCHAM Associated Chambers of Commerce and Industry of India
ATM Automated Teller Machine
BBB Bank Board Bureau
BBPS Bharat Bill Payment System
BCBS Basel Committee on Banking Supervision
BCSBI Banking Codes and Standards Board of India
BHIM App Bharat Interface for Money Application
BIRD Bankers Institute of Rural Development
BIS Bank for International Settlements
BOP Balance of Payments
BPLR Benchmark Prime Lending Rate
BRBNMPL Bharatiya Reserve Bank Note Mudran Private Limited
BSBDA Basic Savings Bank Deposit Account
BSE Bombay Stock Exchange
BSR Basic Statistical Returns
CAG Controller and Auditor General
CAR Capital Adequacy Ratio
CARE Credit Analysis and Research Limited
CASA Current and Savings Accounts
CBDT Central Board of Direct Taxes
CBLO  Collateralized Borrowing and Lending Obligation
CBS CORE Banking Solution
CCEA Cabinet Committee on Economic Affairs
CCIL Clearing Corporation of India Limited
CD Certificate of Deposit
CDR  Corporate Debt Restructuring
CDS Credit Default Swap
CECA Comprehensive Economic Cooperation Agreement
CEPA Comprehensive Economic Partnership Agreement
CIBIL Credit Information Bureau of India Limited
CII Confederation of Indian Industry
CMS Cash Management Services
CORE Centralized Online Real-time Exchange
CP Commercial Paper
CPFF Commercial Paper Funding Facility
CPI Consumer Price Index
CRAR Capital To Risk Weighted Asset Ratio
CRISIL Credit Rating Information Services Of India
CRM Customer Relationship Management
CRR Cash Reserve Ratio
CSP Customer Service Point
CSR corporate social responsibility
CTS Cheque Truncation System
CUB City Union Bank
CVA Credit valuation adjustment
DICGC Deposit Insurance and Credit Guarantee Corporation
DIPP Department of Industrial Policy and Promotion
DPG Deferred Payment Guarantee
DPN Demand Promissory Note
DRAT Debt Recovery Appellate Tribunal
DRI Differential Rate Of Interest
DRT Debts Recovery Tribunal
DSCR Debt Service Coverage Ratio
D-SIBs Domestic Systemically Important Banks
DTAA Double Taxation Avoidance Agreement
ECB External Commercial Borrowings
ECGC Export Credit Guarantee Corporation of India
ECS Electronic Clearing System
EDF Export Development Fund
EDI Electronic Data Interchange
EEFC Exchange Earners Foreign Currency Account
EFSF European Financial Stability Facility
EFTPOS Electronic Funds Transfer At Point Of Sale
EIB European Investment Bank
ELSS Equity Linked Saving Scheme
EMI Equated Monthly Installment
EPFO Employees’ Provident Fund Organisation
EPOS Electronic Point Of Sale
ETF Exchange-traded fund
EXIM Export Import Bank of India
FATF Financial Action Task Force
FCA Financial Conduct Authority
FCCB Foreign Currency Convertible Bond
FCNR Foreign Currency Non-Repatriable account deposits
FDI Foreign Direct Investment
FEDAI Foreign Exchange Dealers Association Of India
FERA Foreign Exchange Regulation Act
FICCI Federation of Indian Chambers of Commerce and Industry
FII Foreign Institutional Investor
Fixed Income Money Markets and Derivatives Association
FIMMDA
of India
FINO Financial Inclusion Network Operations
FIPB Foreign Investment Promotion Board
FPI Foreign Portfolio Investment
FPO follow-on public offer
FRBMA Fiscal Responsibility and Budget Management Act
FSLRC Financial Sector Legislative Reforms Commission
FSRASC Financial Sector Regulatory Appointment Search Committee
FTA Free Trade Agreement
GAAR General Anti Avoidance Rule
GDP Gross Domestic Product
GDR Global Depository Receipt
GIRO Goverment Internal Revenue Order
GMS Gold Monetisation Scheme
G-SIBs Global Systemically Important Banks
GST Goods and Services Tax
GSTN Goods and Services Network
GVA Gross value added
HDFC Housing Development Finance Corporation
HNI High net worth individual
HUF Hindu Undivided Family
IADB Inter-American Development Bank
IAF India Aspiration Fund
IBA Indian Banks' Association
IBBI Insolvency and Bankruptcy Board of India
IBPS Institute of Banking Personnel Selection
IBRD International Bank for Reconstruction and Development
IBU IFSC Banking Unit
ICICI Industrial Credit and Investment Corporation of India
Investment Information and Credit Rating Agency of India
ICRA
Limited
IDB Islamic Development Bank
IDBI Industrial Development Bank of India
IDF Infrastructure Development Fund
IDR Indian Depository Receipts
Institute for Development & Research in Banking
IDRBT
Technology
IDS Income Declaration Scheme
IEPF Investors Education and Protection Fund
IFC International Finance Corporation
IGIDR Indira Gandhi Institute of Development Research
IGST Integrated Goods and Services Tax
IIB International Investment Bank
IIBF Indian Institute of Banking and Finance
IIBI Industrial Investment Bank of India
IMF International Monetary Fund
IMPS Immediate Payment Service
IMT Instant Money Transfer
INFINET Indian Financial Network
InvITs Infrastructure Investment Trusts
IPO Initial Public Offering
IPPB India Post Payments Bank
IRDA Insurance Regulatory and Development Authority of India
IRR Internal Rate Of Return
ISA Individual Savings Account
ITF in trust for
JLF Joint Lenders' Forum
KCC Kisan Credit Card
KGC Kisan Gold Card
KMB Kotak Mahindra Bank
KVB Karur Vysya Bank
KVIC Khadi and Village Industries Commission
KVP Kisan Vikas Patra
KYC Know Your Customer
LAB Local Area Bank
LAF Liquidity Adjustment Facility
LDB Land Development Bank
LERMS Liberalized Exchange Rate Management System
LIBOR London Inter-Bank Offered Rate
LIC Life Insurance Corporation Of India
MCLR Marginal Cost of Funds based Lending Rate
MDB Multilateral Development Banks
MDR Merchant Discount Rate
MFDF Micro Finance Development Fund
MFI Micro Finance Institutions
MIBID Mumbai Interbank Bid Rate
MIBOR Mumbai Inter Bank Offered Rate
MICR Magnetic Ink Character Recognition
MIS Management Information System
MMID Mobile Money Identifier
MMTC Metals and Minerals Trading Corporation of India
MOD Multi Option Deposit Account
MPC Monetary Policy Committee
MSF Marginal Standing Facility
MSMED Micro, Small and Medium Enterprises Development
MSS Market Stabilisation Scheme
MTN Medium Term Note
MUDRA Micro Units Development And Refinance Agency
NABARD National Bank For Agricultural And Rural Development
NACH National Automated Clearing House
National Association for Securities Dealers Automated
NASDAQ
Quotations
NAV Net Asset Value
NBFC Non-Banking Financial Company
NDS Negotiated Dealing System
NDTL Net Demand and Time Liabilities
NECS National Electronic Clearing Service
NEFT National Electronic Funds Transfer
NFC Near-field communication
NFS National Financial Switch
NHB National Housing Bank
NIBM National Institute of Bank Management
NPA Non-Performing Assets
NPCI National Payments Corporation Of India
NPS National Pension System
NPV Net Present Value
NRE Non Resident External Account
NRI Non Resident Indian
NRO Non-Resident Ordinary savings account
NSE National Stock Exchange
National Scheduled Castes Finance And Development
NSFDC
Corporation
NUUP National Unified USSD Platform
OECD Organisation For Economic Cooperation And Development
OLTAS Online Tax Accounting System
OMO Open Market Operations
ORM Operational Risk management
OTCEI Over the Counter Exchange Of India
OTP One-Time Password
OVD Officially Valid Documents
PACS Primary Agricultural Credit Society
PAN Permanent Account Number
PDO Public Debt Office
PFRDA Pension Fund Regulatory and Development Authority
PIN Personal Identification Number
PIS Portfolio Investment Scheme
P-Notes Participatory Notes
POA Power of Attorney
PoS Point of Sale
PPF Public Provident Fund
PPI Payment protection insurance
PPP Public Private Partnership/ Purchasing Power Parity
PRSF Partial Risk Sharing Facility
PSBs Public Sector Banks
PSL Priority Sector Lending
PSS Act Payment and Settlement Systems Act
QFI Qualified Foriegn Investors
QIB Qualified Institutional Buyer
QIP Qualified Institutional Placement
RBI Reserve Bank of India
RBS Royal Bank of Scotland
RDBMS Relational Database Management System
RDDBFI Recovery of Debts Due to Banks and Financial Institutions
REC Rural Electrification Corporation
REITs Real Estate Investment Trusts
RFC Resident Foreign Currency
RFID Radio-Frequency Identification
RIDF Rural Infrastructure Development Fund
RoA Return On Assets
RoE Return On Equity
RRB Regional Rural Bank
RTGS Real Time Gross Settlement
RWA Risk Weighted Assets
S4A Scheme for Sustainable Structuring of Stressed Assets
Securitization and Reconstruction of Financial Assets and
SARFAESI
Enforcement of Security Interest
SBI State Bank of India
SBNs Specified Bank Notes
SCB Scheduled Commercial Bank
SCC Selective Credit Control
SDR Special Drawing Rights
SEBI Securities and Exchange Board of India
SENSEX Sensitive Index
SEPA Single Euro Payments Area
SEZ Special Economic Zone
SFMS Structured Financial Messaging System
SGB Sovereign Gold Bond
SHG Self Help Group
SIDBI Small Industries Development Bank Of India
SIFI Systematically Important Financial Institution
SIP Systematic Investment Plan
SIPS Systemically Important Payment Systems
SLR Statutory Reserve Ratio
SMERA SME Rating Agency of India Limited
SMILE SIDBI Make in India Loan for Enterprises
SPMCIL Security Printing and Minting Corporation of India Limited
SPNS Shared Payment Network System
SSSBE Small-scale Service and Business Enterprises
STP Straight-through Processing
Society For World Wide Inter Bank Financial
SWIFT
Telecommunication
TARC Tax Administration Reform Commission
TCS Tax Collected at Source
TDR Term Deposit Receipt
TDS Tax Deducted at Source
TIEA Tax Information Exchange Agreement
TIN Taxpayer Identification Number
UEBA Universal Electronic Bank Account
UIDAI Unique Identification Authority of India
UPI Unified Payment Interface
USB Ultra Small Branch
USSD Unstructured Supplementary Service Data
UTI Unit Trust of India
VDBS Vertically Differentiated Banking System
VPA Virtual Payment Address
WBCIS Weather Based Crop Insurance Scheme
WCTL Working Capital Term Loan
WLAs White Label ATMs
WMA Ways and Means Advances
WPI Wholesale Price Index
YTM Yield to Maturity