BANKING ABBREVIATIONS

❇ BANKING ABBREVIATIONS

1. PSBs: Public Sector Banks
2. SNBCs: Schedule Non Commercial Banks
3. SENSEX: Sensitive Index Of Stock Exchange
4. GNP: Gross National Product
5. KYC: Know Your Customer
6. RTGS: Real Time Gross Settlement
7. NEFT: National Electronic Money Transfer
8. EFT: Electronic Fund Transfer
9. CBS: Core Banking Solutions
10. LIBOR: London Interbank Offered Rate
11. MIBOR: Mumbai Interbank Offered Rate
12. MIBID: Mumbai Interbank Bid Rate
13. SARFAESI: Securitisation & Reconstruction Of Financial
Assets & Enforcement Of Security Interest
14. CAR: Capital Adequecy Ratio
15. FIIs: Foreign Institutional Investments
16. FDI: Foreign Direct Investment
17. IPO: Initial Public Offering
18. MICR: Magnetic Ink Character Recognition
19. BIRD: Bankers Institute Of Rural Development
20. IBA: Indian Bank Association
21. BPLR: Benchmark Prime Lending Rate
22. ICICI: Industrial Credit & Investment Corporation Of
India
23. HDFC: Housing Development Finance Corporation
24. SWOT: Strength, Weaknesses, Opportunities & Threats
25. SWIFT: Society For Worldwide Interbank Financial
Telecommunication
26. FERA: Foreign Exchange Regulatory Act
27. FEMA: Foreign Exchange Management Act
28. CASA: Current & Saving Account
29. NDTL: Net Demand & Time Liabilities
30. NASDAQ: National Association For Securities Dealers
Automated Quotations
31. CRISIL: Credit Rating & Investment Services India
Limited
32. CIBIL: Credit Information Bureau Of India Limited
33. NAV: Net Asset Value
34. ICRA: Indian Credit Rating Agency
35. CARE: Credit Analysis & Research Limited
36. WMAs: Ways & Means Advances
37. ALM: Asset Liability Management
38. INFINET Indian Financial Network
39. OLTAS - On-line Tax Accounting System (OLTAS) for
Direct Taxes
40. TIN - Tax Information Network (TIN)
41. IMPS - Interbank Mobile Payment Service (IMPS) or
Immediate Payment Service
42. CDR- Corporate Debt Restructuring
43. CAD- Capital Account Deficit
44. REITs: Real Estate Investment Trusts
45. InvITs: Infrastructure Investment Trusts
46. ALM- Asset Liability Management
47. ASBA: Application Supported by Blocked Amount
48. PIN: Personal Identification Number
49. CCEA – Cabinet Committee on Economic Affairs
50. CECA - Comprehensive Economic Cooperation
Agreement
51. CEPA – Comprehensive Economic Partnership
Agreemeny
52. DTAA – Double Taxation Avoidance Agreement
53. ECBs - External Commercial Borrowings
54. EFSF – European Financial Stability Facility
55. FINO- Financial Inclusion Network Operation
56. FIPB – Foreign Investment Promotion board
57. FSLRC – Financial Sector Legislative Reforms
Commission
58. CRAR: Capital to Risk-weighted Assets Ratio
59. LCR: Liquidity Coverage Ratio
60. TARC - Tax Administration Reform Commission
61. GIRO - Government Internal Revenue Order
62. FRBMA: Fiscal Responsibility & Budget Management
Act
63. AMFI- Association of Mutual Fund in India.
64. TIEA – Tax Information exchange Agreement
65. GAAR - General anti avoidance rule
66. GSLV - Geo-Synchronous Launch Vehicle
67. PPP – Public Private Partnership & Purchasing Power
parity
68. PSLV – Polar Satellite Launch vehicle
69. TAPI - Turkmenistan-Afghanistan-Pakistan-India.
70. QFI -Qualified Foreign Investors
71. AD-Authorized Dealer.
72. ASSOCHAM-Associated Chambers of Commerce &
Industry of India.
73. BCSBI-Banking Codes & Standards Board of India.
74. BIS-Bank for International Settlements.
75. CDS-Credit Default Swap.
76. CEPA-Comprehensive Economic Partnership
Management.
77. FIMMDA-Fixed Income Money MARKETS & Derivatives
Association.
78. FPI-Foreign Portfolio Investment.
79. IBRD-International Bank For Reconstruction &
Development.
80. UIDAI-Unique Identification Development Authority of
India.