Important Banking and Finance Abbreviations for all Bank Exams 

Important Banking and Finance Abbreviations for all Bank Exams 

Important Banking and finance Abbreviations for all Bank Exams – Glossary of most wisely used banking terms

Important Banking and Finance Abbreviations for all Bank Exams

Important Banking and finance Abbreviations for all Bank Exams: Banking awareness is an important section in several banking exams like IBPS, SBI PO, RBI Grade B among others. Banking awareness is necessary if you want to get into banks. Unlike general awareness that focuses on current affairs, banking awareness tests your knowledge in the banking domain. Abbreviations are commonly asked questions in IBPS, SBI, RRB, UPSC and a host of other banking exams. We have provided some useful abbreviations related to banking. It can help in competitive exams. The glossary of banking terms can also be used in insurance exams. Some of the terms and abbreviations can also be of help to those who are preparing for insurance exams like LIC, UIIC, OICL, etc.

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People are often from commerce background may be well versed with day to day baking terms that are frequently used in banking. People from other backgrounds preparing for banking exams might not know of all the banking terms as this was not part of their curriculum. The following important banking and finance abbreviations are useful for all those preparing for bank exams.

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Lets take a look at the glossary of terms widely used as important Banking and Finance abbreviations for Bank Exams:

Acronyms Abbreviations
ABEDA Arab Bank for Economic Development in Africa.
ACF Auto Correlation Function.
ACS Automated Clearing Systm.
AD Authorized Dealer.
ADB Asian Development Bank.
ADF Automated Data Flow
ADR American Depository Receipt.
AEPS Aadhaar Enabled Payments Switch
AFS Annual Financial Statement.
AGM Annual General Meeting.
AIC Agricultural Insurance Company.
AIF Alternative Investment Fund
ALCO Asset Liability Committee
ALM Asset Liability Management
AMFL Association of Mutual Funds in India.
AML Anti-Money Laundering
AMRMS Audit and Risk Monitoring Mechanism
ANBC Adjusted Net Bank Credit
APBS Aadhaar Payment Bridge System
ARC Asset Reconstruction Companies
ASBA Applications Supported Bank Accounts
ASSOCHAM Associated Chambers of Commerce and Industry of India.
ATM Automated Teller Machine.
BCBS Basel Committee on Banking Supervision
BCSBI Banking Codes and Standards Board of India
BIS Bank for International Settlements.
BOB Bank of Baroda.
BOE Bill of Exchange
BOI Bank of India.
BOP Balance of Payments.
BOR Bank of Rajasthan.
BOT Build,Operate and Transfer.
BR Act Banking Regulations Act, 1949.
BSCS Basel Committee on Banking Supervision.
BSE Bombay Stock Exchange.
BSR Basic Statistical Returns.
CA Chartered Accountant.
CAD Current Account Deficit
CAG Controller and Auditor General.
CAR Capital Adequacy Ratio
CARE Credit Analysis and Research Limited
CASA Current and Savings Accounts
CB Canara Bank.
CBLO Collateralized Bank Lending Obligations
CBS Core Banking Solution.
CCIL Clearing Corporation of India Limited
CCL Cash Credit Limit
CDB Caribbean Development Bank.
CDBS Committee of Direction on Banking Statistics.
CDRS Corporate Debt Restructuring
CDS Credit Default Swap.
CEPA Comprehensive Economic Partnership Management.
CFRA Combined Finance and Revenue Accounts.
CGRA Currency and Gold Revaluation Account.
CIBIL Credit Information Bureau of India Limited
CMIS Currency Management Information
System
COB Corporation Bank.
CP Colombo Plan.
CPFF Commercial Paper Funding Facility
CPI Consumer Price Index.
CRAR Capital To Risk Weighted Asset Ratio.
CRILC Central Repository of Information on Large Credits
CRISIL Credit Rating Information Services Of India
CRMD Credit Risk Management Department.
CRR Cash Reserve Ratio.
CSR corporate social responsibility
CTI Country Threat Index.
CUB City Union Bank
DB Dena Bank.
DPG Deferred Payment Guarantee
DPN Demand Promissory Note
DRAT Debt Recovery Appellate Tribunal
DRI Differential Rate Of Interest
DSCR Debt Service Coverage Ratio
DTAA Double Taxation Avoidance Agreement.
EADB East African Development Bank.
EBRD European Bank for Reconstruction and Development.
ECB External Commercial Borrowings.
ECS Electronic Clearing System.
EDF Export Development Fund
EDI Electronic Data Internchange
EDP Entrepreneurship Development Programme
EEFC Exchange Earners’ Foreign Currency
EFTPOS Electronic Funds Transfer At Point Of Sale
EIB European Investment Bank.
ELSS Equity Linked Saving Scheme.
EMI Equated Monthly Instalments
EPFO Employees’ Provident Fund Organisation
EPOS Electronic Point Of Sale
EPS Earning per Share
ESOP Employee Stock Options
EXIM Export Import Bank of India.
FCA Foreign Currency Assets.
FCCB Foreign Currency Convertible Bond
FCNR Foreign Currency Non Resident Deposit Accounts
FCNRA Foreign Currency Non resident Account.
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.
FIMMDA Fixed Income Money Markets and Derivatives Association.
FINO Financial Information Network and Operation Limited
FIPB Foreign Investment Promotion Board.
FOB Free On Board
FPI Foreign Portfolio Investment.
FSRASC Financial Sector Regulatory Appointment Search Committee
FTA Free Trade Agreement.
GAAR General Anti Avoidance Rule.
GDP Gross Domestic Product
GDR Global Depository Receipt.
GFD Gross Fiscal Deficit.
GIRO Government Internal Revenue Order.
GMS Gold Monetisation Scheme
GST Goods and Services Tax
GSTN Goods and Services Network
HDFC Housing Development Finance Corporation.
IADB Inter American Development Bank.
IAS Integrated Accounting Systems
IBBI Insolvency and Bankruptcy Board of India
IBPS Institute of Banking Personnel Selection.
IBRD International Bank for Reconstruction and Development
IBRD International Bank For Reconstruction And Development.
IBU International Banking Unit
ICA Indian Council of Agricultural Research.
ICICI Industrial Credit and Investment Corporation of India.
ICRA Investment Information and Credit Rating Agency of India Limited
IDB Islamic Development Bank.
IDBI Industrial Development Bank of India.
IDR Indian Depository Receipts.
IDRBT Institute for Development and Research Of Banking
IEPF Investors Education and Protection Fund
IFC International Finance Corporation
IIB International Investment Bank.
IIBF Indian Institute of Banking and Finance.
IMD India Millennium Deposits.
IMF International Monetary Fund.
IMPS Immediate Payment Service
IMT Instant Money Transfer
IOB Indian Overseas Bank.
IPO Initial Public Offer
IPO Initial Public Offering
IPPB India Post Payments Bank
IRBI Industrial Reconstruction Bank Of India.
IRDA Insurance Regulatory and Development Authority of India
IROs Interest rate options
IRR Internal Rate Of Return.
ISCI International Standard Industrial Classification
KCC Kisan Credit Card
KMB Kotak Mahindra Bank.
KVB Karur Vysya Bank.
KVIC Khadi and Village Industries Corporation
KVP Kisan Vikas Patra
KYC Know Your Customer Guidelines
LAB Local Area Bank.
LAF Liquidity Adjustment Facility
LAMPS Large Sized Adivasi Multipurpose Societies
LDB Land Development Bank.
LERMS Liberalized Exchange Rate Management System
LIBOR London Inter Bank Offered Rate.
LIC Life Insurance Corporation Of India
LTCG Long-Term Capital Gains
LTN Long Term Note
MCA Ministry Of Company Affairs
MCLR Marginal Cost Of Lending Rate
MFDF Micro Finance Development Fund
MIBOR Mumbai Inter Bank Offer Rate.
MICR Magnetic Ink Character Recognition
MIS Management Information System
MSS Market Stabilisation Scheme
MTN Medium Term Note
MUDRA Micro Units Development And Refinance Agency
NABARD National Bank For Agricultural And Rural Development.
NAS National Account Statistics.
NAV Net Asset Value.
NBC Non Banking Companies.
NBFC Non Banking Finance Companies
NDA Net Domestic Asset
NDS Negotiated Dealing Systems
NDTL Net Demand And Time Liability
NECS National Electronic Clearing System
NEFT National Electronic Funds Transfer System.
NFA No Frills Account.
NFC Non Banking Finance Companies.
NFS National Financial Switch
NHB National Housing Bank.
NIB Nordic Investment Bank.
NPA 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
NSE National Stock Exchange.
NSFDC National Scheduled Castes Finance And Development Corporation
OCB Overseas Corporate Bodies
ODIs Offshore/Overseas Derivative Instruments
OECD Organisation For Economic Cooperation And Development
OLTAS Online Tax Accounting System
OMO Open Market Operations
OTCEI Over the Counter Exchange Of India
OTP One-Time Password
PACS Primary Agricultural Credit Societies
PAN Permanent Account Number
PDO Public Debt Office
PFRDA Pension Fund Regulatory and Development Authority
PGS Payment Gateway System.
PIN Personal Identification Number
PIS Portfolio Investment Scheme
P-Notes Participatory Notes
POA Power of Attorney
PoS Point of Sale
PPF Public Provident Fund
PPIs Prepaid Payment Instruments
PRSF Partial Risk Sharing Facility
QIB Qualified Institutional Bankers
RBI Reserve Bank of India
RBS Royal Bank of Scotland.
RDBMS Relational Database Management System
RDDBFI Recovery of Debt due to Banks and Financial Institutions
REC Rural Electrification Corporation
RFC Resident Foreign Currency
RIDF Rural Infrastructure Development Fund
RoA Return On Assets
RoE Return On Equity
RRB Regional Rural Bank.
RTGS Real Time Gross Settlement System.
RWA Risk Weighted Assets
SARFAESI Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest
SBI State Bank of India
SCB Scheduled Commercial Bank
SCC Selective Credit Control.
SDBS Service Discharge Benefit Scheme
SDR Special Drawing Rights
SEBI Securities and Exchange Board of India
SEPA Single Euro Payment Area.
SFMS Structured Financial Messaging Services
SGB Sovereign Gold Bond
SHG Self Help Group
SIDBI Small Industries And Development Bank Of India.
SIDC State Industrial Development Corporation
SIFI Systematically Important Financial Intermediaries
Sip Systematic Investment Plans
SIPS Systemically Important Payment System
SJSRY Swarna Jayanthi Shahari Rozgar Yojana
SLR Statutory Reserve Ratio
SLRS Scheme for Liberation and Rehabilitation of Scavengers
SME Small and Medium Industries
SMERA SME Rating Agency of India Limited
SMILE SIDBI Make in India Loan for small Enterprises
SPNS Shared Payment Network System.
SSI Small Scale Industries
SSSBE Small Scale Service and Business Enterprises
SWIFT Society For World Wide Inter Bank Financial Telecommunication.
TDS Tax Deducted at Source
TIN Tax Information Network
UBIN Unique Business Identification Number
UCB Urban Cooperative Bank.
UCNs Uniform Code Numbers
UEBA Universal Electronic Bank Account.
UIDAI Unique Identification Authority of India
UPI Unified Payments Interface
UPIN Unique Property Identification Numbers.
USB Ultra Small Branch.
USD United States Dollar.
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
WL ATM White Label ATM.
WMA Ways and Means Advances
WPI Wholesale Price Index
YTM Yield to Maturity

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