Banking Abbreviations (Basic)

ABBREVIATIONS

A

ADB - Asian Development Bank

ADR - American Depository Receipt

ASBA – Application Supported by Blocked Amount

ASSOCHAM - Associated Chambers of Commerce and Industry of India

ATM - Asynchronous Transfer Mode

ATM - Automated Teller Machine

B

BATM – Biometric Automated Teller Machine

BoP - Balance of Payment

BOB – Bank of Baroda

C

CAG - Controller and Auditor General of India

CBDT – Central Board of Direct Taxes

CBS – Core Banking Services

CCEA – Cabinet Committee on Economic Affairs

CD Ratio - Credit Deposit Ratio

CDR – Corporate Debt Restructuring

CII - Confederation of Indian Industries

CP - Commercial Paper

CPI - Consumer Price Index

CPI-IW –  Consumer Price Index for Industrial Worker

CRM – Customer Relationship Management

CRR - Cash Reserve Ratio

CSO – Central Statistical Organization

D

DD - Demand Draft

DI - Direct Investment

DSA – Direct Selling Agent

DTAC – Double Tax Avoidance Convention

E

ECB - External Commercial Borrowing

ECB – European Central Bank

EMI – Equated (Equal) Monthly Installment

EPF - Employees Provident Fund

EPS – Earning Per Share

ECS - Electronic Clearing Scheme

ERP – Employee Resource Planning

EXIM Bank - Export Import Bank of India

F

FATF – Financial Action Task Force

FDI - Foreign Direct Investment

FEMA - Foreign Exchange Management Act

FERA – Foreign Exchange Regulation Act (Erstwhile form of FEMA)

FI - Financial Institution

FICCI - Federation of Indian Chambers of Commerce and Industry

FII - Foreign Institutional Investor

G

GDP - Gross Domestic Product

GDR - Global Depository Receipt

GPF – General Provident Fund

G-Sec - Government Securities

GST – Goods and Service Tax

H

HDFC - Housing Development Finance Corporation

HUDCO - Housing & Urban Development Corporation

 I

IBA – Indian Bank Association

IBRD - International Bank for Reconstruction and Development

IBS - International Banking Statistics

ICAR - Indian Council of Agricultural Research

ICICI - Industrial Credit and Investment Corporation of India

IDBI – Industrial Development Bank of India

IFC - International Finance Corporation

IFCI - Industrial Finance Corporation of India

IFRS – International Financial Reporting Standards

IIBF – Indian Institute of Banking and Finance

IIM – Indian Institute of Management

IIP - Index of Industrial Production

IMD - India Millennium Deposits

IMF - International Monetary Fund

INR – Indian Rupee

IPO – Initial Public Offering

IPR – Intellectual Property Rights

IRBI – Industrial Reconstruction Bank of India

ISO – International Standards Organization

ISB – Indian School of Business

ITRS – International Transaction Reporting System

J

JLR – Jaguar Land Rover

K

KVIC - Khadi & Village Industries Corporation

KYC – Know Your Customer

L

LAF – Liquidity Adjustment Facility

LBD – Land Development Bank

LERMS – Liberalized Exchange Rate Management System

LIBOR – London Inter-Bank Offered Rate

LIC – Life Insurance Corporation of India

M

M1 – Narrow Money

M3 – Broad Money

MICR – Magnetic Ink Character Recognition

MIS – Management Information System

MIS – Monthly Income Scheme

MF – Mutual Fund

MFC – Micro-Finance Companies

MNC – Multi National Corporation

MPLADS – Member of Parliament Local Area Development Scheme

MTM – Mark-To-Market

N

NABARD – National Bank for Agriculture and Rural Development

NAS – National Account Statistics

NASSCOM – National Association of Software and Services Companies

NAV – Net Asset Value

NBC – Non-Banking Companies

NBFC – Non Banking Financial Companies

NEFT – National Electronic Fund Transfer

NFD – Net Fiscal Deficit

NGO – Non-Governmental Organization

NHB – National Housing Bank

NPA – Non-Performing Assets

NRE Non-Resident External

NRG – Non-Resident Government

NRLM – National Rural Livelihood Mission

NRI – Non-Resident Indian

NSC – National Statistical Commission

NSC – National Saving Certificate

NSSF – National Small Savings Fund

O

OD – Over Draft

OECD – Organisation for Economic Cooperation and Development

OMO – Open Market Operations

P

PDO – Public Debt Office

P/E – Profit Earnings Ratio

PF – Provident Fund

PIO – Persons of Indian Origin

PMEAC – Prime Minister’s Economic Advisory Committee

PNB – Punjab National Bank

PPP – Purchasing Power Parity

PPP- Private Public Partnership

PSE – Public Sector Enterprises

PSU – Public Sector Undertaking

Q

QIB – Qualified Institutional Buyer

R

RBI – Reserve Bank of India

RD – Recurring Deposit

RD – Revenue Deficit

RDBMS – Relational Database Management System

REC – Rural Electrification Corporation

RIB – Resurgent India Bonds

RIDF – Rural Infrastructure Development Fund

RNBC – Residuary Non-Banking Companies

RoC – Return on Capital

RoCs – Registrars of Companies

RRB – Regional Rural Bank

RTGS – Real Time Gross Settlement

S

SBI – State Bank of India

SCARDB – State Cooperative Agriculture and Rural Development Bank

SCB – Scheduled Commercial Bank

SDR – Special Drawing Right

SDS – Special Deposit Scheme

SEBI – Securities and Exchange Board of India

SEBs – State Electricity Boards

SFC – State Financial Corporation

SHGs – Self-Help Groups

SIDBI – Small Industries Development Bank of India

SIDC – State Industrial Development Corporation

SLR – Statutory Liquidity Ratio

SPF – State Provident Fund

SSI – Small-Scale Industries

T

TBs – Treasury Bills

U

UCB – Urban Cooperative Bank

ULIP – Unit Linked Insurance Plan

USP – Unique Selling Preposition

UTI – Unit Trust of India

V

VC – Venture Capital

W

WPI – Wholesale Price Index

 Y

YTM – Yield to Maturity

Z

ZCB – Zero Coupon Bond