Banking & Finance Terms and Abbreviations

Banking & Finance Terms and Abbreviations | बैंकिंग एवं फाइनेंस में प्रयुक्त होने वाले संक्षेपण 

Now a day, the role of Terms and Abbreviations is very important in any Competitive Examinations. Almost two – three questions asked in every examination that is based on Terms and its Abbreviations. Here provides the list of Banking & Finance Terms and Abbreviations especially designed by examination specialists to assist our readers who want to crack banking & its related exams. The list may be looking huge & sometimes boring but definitely helpful for those who are preparing for various competitive examinations. The Banking & Finance Terms and Abbreviations list is arranged alphabetically so that one can easily find Terms and its Abbreviations of his own choice. Good luck & keep reading…..

Starting with ‘A’

ADB: Asian Development Bank

ADR: American Depositary Receipt

AGM: Annual General Meeting

AIDWA: All India Democratic Woman’s Association

AITUC: All India Trade Union Congress

AMFI: Association of Mutual Funds in India

AO: Additive Outliers

APEC: Asia-Pacific Economic Cooperation

APL: Above Poverty Line

APM: Administered Pricing Mechanism

ARC: Asset Reconstruction Company

ARDR: Agricultural and Rural Debt Relief

ASBA: Application Supported by Block Amount

ASEAN: Association of South-East Asian Nations

ASEM: Asia-Europe Meeting

ASSOCHAM: Associated Chambers of Commerce and Industry of India

ATM: Asynchronous Transfer Mode

ATM: Automated teller machine

Starting with ‘B’

BCBS: Basel committee for Banking Supervision

BCSBI: Banking Codes and Standards Board of India

BIFR: Board of Industrial and Financial Reconstruction

BIS: Bank for International Settlements

BIS: Bureau of Indian Standards

BOLT: BSE On-Line Trading (System)

BOP: Balance of Payments

BOT: Build, Operate and Transfer

BPL: Below Poverty Line

BPO: Business Process Outsourcing

BSCS: Basel Committee on Banking Supervision

BSE: Bombay Stock Exchange

BSR: Basic Statistical Returns

Starting with ‘C’

CA: Chartered Accountant

CABE: Central Advisory Board of Education

CACP: Commission of Agriculture Cost and Price

C & AG: Comptroller & Auditor General

CAMELS: C – Capital adequacy, A – Asset quality, M – Management quality, E – Earnings, L – Liquidity, S – Sensitivity to Market Risk

CAPART: Council for People’s Action and Advancement of Rural Technology

CAR: Capital adequacy ratio

CARE: Credit Analysis & Research Ltd.

CBS: Core banking solution

CCEA: Cabinet Committee on Economic Affairs

CCI: Competition Commission of India

CCIL: Clearing Corporation of India limited

CDSL: Central Securities Depository Limited

CECA: Comprehensive Economic Cooperation Agreement

CEPA: Comprehensive Economic Partnership Agreement

CIBIL: Credit Information Bureau (India) Ltd

CII: Confederation of Indian Industry

CIS: Commonwealth of Independent States

CHOGM: Commonwealth Heads of Government Meeting

CITES: Convention on International Trade in Endangered Species

CITU: Centre Of Indian Trade Unions

CMP: Common Minimum Programme

CPI (UNME): The Consumer Price Index for Urban Non-Manual Employees.

CPI (AL): Consumer Price Index for Agricultural Laboures.

CPI (IW): Consumer Price Index for Industrial Workers

CPI (RL): Consumer Price Index for Rural Labourers

CRAR: Capital to Risk (Weighted) Assets Ratio

CRISIL: Credit Rating Information Services of India Limited

CRR: Cash Reserve Ratio

CSIR: Council of Scientific and Industrial Research

CST: Central Sales Tax

CTT: Commodities Transaction Tax

Starting with ‘D’

DA: Dearness Allowance, Daily Allowance

DEAF: Depositor Education and Awareness Fund

DMIC: Delhi-Mumbai Industrial Corridor

DPEP: District Primary Education Programme

DTAA: Double Taxation Avoidance Agreement

DTC: Direct Tax Code

Starting with ‘E’

ECA: Essential Commodity Act

ECB: External Commercial Borrowings

ECS: Electronic clearing system

EDUSAT: Education Satellite

EEE: Exempt Exempt Exempt

EET: Exempt Exempt Taxation

EEFC – Exchange Earners Foreign Currency

EFA: Education for All

EFSF: European Financial Stability Facility

EFT: Electronic fund transfer

EEFC Accounts: Exchange Earners Foreign Currency Account

EGoM: Empowered Group of Ministers

EMI: Equated Monthly Installment

EMS: European Monetary System

ERNET: Educational and Research Network

ESA: European Space Agency

ESCAP: Economic and Social Commission for Asia and Pacific

ESMA: Essential Services Maintenance Act

ESOP: Employee Stock Option Programme

EU: European Union

EPF: Employees Provident Fund

EPFO: Employees Provident Fund Organization

Starting with ‘F’

FAO: Food and Agriculture Organisation

FCCB: Foreign Currency Convertible Bond

FCNR: Foreign Currency (Non-Resident) Accounts Scheme

FDI: Foreign Direct Investment

FEMA: Foreign Exchange Management Act

FERA: Foreign Exchange Regulations Act

FICCI: Federation of Indian Chambers Of Commerce and Industry

FII: Foreign Institutional Investors

FINO- Financial Inclusion Network Operation

FIPB: Foreign Investment Promotion Board (Of India)

FMCG: Fast Moving Consumer Goods

FPO: Follow on Public Offer

FRBM: Fiscal Responsibility And Budget Management

FRBMA: Fiscal Responsibility and Budget Management Act

FSLRC: Financial Sector Legislative Reforms Commission

FSSA: Food Safety And Standards Authority (Of India)

FTA: Free Trade Agreement

Starting with ‘G’

GAAR: General anti avoidance rule

GATT: General Agreement on Tariffs and Trade

GCC: Gulf Cooperation Council

GDP: Gross Domestic Product

GDR: Global Depositary Receipt

GEF: Global Environment Fund

GIC: General Insurance Corporation

GIRO: Government Internal Revenue Order

GNP: Gross National Product

GSLV: Geo-Synchronous Launch Vehicle

GST: Goods and Service Tax

Starting with ‘H’

HDFC: Housing Development Finance Corporation Limited

HDI: Human Development Index

HSBC: Hongkong and Shanghai Banking Corporation Limited

HUDCO: Housing And Urban Development Corporation

Starting with ‘I’

IAAI: International Airport Authority Of India

IASB: The International Accounting Standards Board

IBRD: International Bank for Reconstruction And Development

ICAI: Institute of Chartered Accountants of India

ICAR: Indian Council of Agricultural Research

ICCW: Indian Council for Child Welfare

ICDS: Integrated Child Development Service

ICMR: Indian Council of Medical Research

ICICI: Industrial Credit and Investment Corporation of India

ICOR: Incremental capital output ratio

ICRC: International Committee of Red Cross

IDA: International Development Association

ICRA: Investment information and Credit Rating Agency

IES: Indian Economic Service

IEX: Indian Energy Exchange

IFRS: International Financial Reporting Standard

IFSC: Indian financial system code

IFTU: International Federation of Trade Unions

IFWJ: Indian Federation of Working Journalists

IIP: The Index of Industrial Production

IIPA: Indian Institute of Public Administration

IISS: International Institute of Strategic Studies

ILO: International Labour Organisation

IMF: International Monetary Fund

IMO: International Maritime Organisation

IDR: Indian Depository Receipts

IDBI: Industrial Development Bank of India

IMF: International monetary fund

IMRB: Indian Market Research Bureau

INMARSAT: International Maritime Satellite Organisation

INTERPOL: International Police Organisation

INTUC: Indian National Trade Union Congress

IOC: International Olympic Committee

IPCC: Intergovernmental Panel on Climate Change

IPEC: International Programme on Elimination Of Child Labour

IPO: Initial public offer

IPR: Intellectual Property Right

IRDA: Insurance Regulatory and Development Authority

IREP: Integrated Rural Energy Planning

ISCI – International Standard Industrial Classification

ISO: International Standardisation Organisation

ISS: International Space Station

ITDC: Indian Tourism Development Corporation

ITEs: Intra-Group Transactions and Exposures

ITO: International Trade Organisation, Income-Tax Officer

ITU: International Tele-Communication Union

Starting with ‘J’

JNNURM: Jawaharlal Nehru National Urban Renewal Mission

Starting with ‘K’

KCC: Kisan Credit Card

KVIC: Khadi and Village Industries Corporation

KYC: Know your customer

Starting with ‘L’

LAF: Liquidity Adjustment Facility

LAMPS: Large Sized Adivasi Multipurpose societies

LCR: Liquidity Coverage Ratio

LERMS: Liberalised Exchange Rate Management System

LIBOR: London Inter-Bank Offer Rate

LIC: Life Insurance Corporation of India

LRMT: Liquidity risk monitoring tools

Starting with ‘M’

MCA: Ministry of Company affairs

MIBOR: Mumbai Inter-Bank Offer Rate

MICR: Magnetic Ink Character Recognition

MIS: Management Information System

MSF: Marginal Standing Facility

Starting with ‘N’

NABARD: National Bank for Agriculture and Rural Development

NBFC: Non Banking Finance Companies

NCTC: National Counter- Terrorism Centre

NEFT: National Electronic Funds Transfer

NPA: Non Performing Assets

NRE: Non Resident External account

NRI: Non Resident Indian

NSE: National Stock Exchange

NSFR: Net Stable Funding Ratio

NSG: Nuclear Suppliers Group 

Starting with ‘O’

OLTAS: Online tax accounting system

OMO: Open market operations

Starting with ‘P’

PACS: Primary Agricultural Credit Societies

PDO: Public Debt Office

PIN: Personal Identification Number

PPP: Public Private Partnership & Purchasing Power parity

PSLV: Polar Satellite Launch vehicle 

Starting with ‘Q’

QIB: Qualified Institutional Buyers

QFI: Qualified Foreign investment

Starting with ‘R’

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

RTGS: Real Time Gross Settlement

RWA: Risk Weighted Assets

Starting with ‘S’

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

SSSBE: Small Scale Service and Business Enterprises

SWIFT: Society for Worldwide Interbank Financial Telecommunication 

Starting with ‘T’

TAPI: Turkmenistan-Afghanistan-Pakistan-India

TARC: Tax Administration Reform Commission

TIEA: Tax Information exchange Agreement

Starting with ‘U’

UCO: United Commercial Bank

UN: United Nations

UNCTAD: United Nations Conference on Trade and Development

UNDP: United Nations Development Program

UNESCO: United Nations Educational, Scientific and Cultural Organization

UTI: Unit Trust of India

Starting with ‘V’

VAT: Value-Added Tax

VC: Venture Capital

VDIS: Voluntary Disclosure Of Income Scheme

VRS: Voluntary Retirement Scheme

Starting with ‘W’

WEF: World Economic Forum

WFP: World Food Program

WHO: World Health Organization

WPI: Wholesale Price Index

Starting with ‘Y’

YTM: Yield to Maturity

Banking & Finance Terms and Abbreviations
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