Banking Abbreviations #competeforexams
Banking Abbreviations
Preparing for bank entrance exams requires a strong grasp of quantitative aptitude, reasoning, and general knowledge and familiarity with commonly used banking terms and abbreviations. These abbreviations often appear in the exams, testing candidates' banking and financial sector understanding. To help aspirants streamline their preparation, we have compiled a comprehensive list of essential bank abbreviations. This guide will enhance your knowledge and give you an edge in your exam preparation. Stay focused, and let’s decode these terms together!
• FEDAI- Foreign Exchange Dealers Association of India
• ALCO- Asset Liability Committee
• ALM- Asset Liability Management
• KVIC- Khadi and Village Industries Corporation
• KYC- Know Your Customer
• EXIM bank- Export and Import Bank of India
• NABARD- National Bank for Agriculture and Rural Development
• SIDBI- Small Industries Development Bank of India
• EDP- Entrepreneurship Development Programme
• LAMPS- Large Sized Adivasi Multipurpose Societies
• LERMS- Liberalized Exchange Rate Management System
• NABARD- National Bank for Agriculture and Rural Development
• NBFC- Non-Banking Finance Companies
• QIB- Qualified Institutional Bankers
• 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
• SBI- State Bank of India
• SCB- Scheduled Commercial Bank
• NRE- Non-Resident External Account
• NRI- Non Resident Indian
• SDR- Special Drawing Rights
• YTM-Yield to Maturity
• LAB- Local Area Banks
• ALM- Asset Liability Management
• ANBC- Adjusted Net Bank Credit
• ASBA- Applications Supported Bank Accounts
• DPG- Deferred Payment Guarantee
• DRI- Differential Rate Of Interest
• DSCR- Debt Service Coverage Ratio
• FEDAI- Foreign Exchange Dealers Association Of India
• FOB- Free On Board
• NPV- Net Present Value
• DPN- Demand Promissory Note
• DRAT- Debt Recovery Appellate Tribunal
• OCB- Overseas Corporate Bodies
• POA- Power of Attorney
• OLTAS- Online Tax Accounting System
• OMO- Open Market Operations
• PACS- Primary Agricultural Credit Societies
• LIC- Life Insurance Corporation of India
• IEPF- Investors Education and Protection Fund
• IRDA- Insurance Regulatory and Development Authority
• CCIL- Clearing Corporation of India Limited
• OTCEI- Over-the-Counter Exchange Of India
• ISCI- International Standard Industrial Classification
• KCC- Kisan Credit Card
• BCSBI- Banking Codes and Standards Board of India
• SEBI- Securities and Exchange Board of India
• SFMS- Structured Financial Messaging Services
• SHG- Self Help Group
• CAR- Capital Adequacy Ratio
• SEBI- Securities and Exchange Board of India
• MICR- Magnetic Ink Character Recognition
• NSE- National Stock Exchange
• FCNR- Foreign Currency Non Resident Deposit Accounts
• CDRS- Corporate Debt Restructuring
• IDRBT- Institute for Development and Research Of Banking Technology
• YTM- Yield To Maturity
• MCA- Ministry Of Company Affairs
• MIS- Management Information System
• CRISIL- Credit Rating Information Services Of India
• ICRA- Investment Information and Credit Rating Agency of India Limited
• CARE- Credit Analysis and Research Limited
• IRDA- Insurance Regulatory and Development Authority of India
• CASA- Current and Savings Accounts
• CBLO- Collateralized Bank Lending Obligations
• CIBIL- Credit Information Bureau of India Limited
• CRR- Cash Reserve Ratio
• KYC- Know Your Customer Guidelines
• IPO- Initial Public Offer
• SLR- Statutory Liquidity Ratio
• SLRS- Scheme for Liberation and Rehabilitation of Scavengers
• EMI- Equated Monthly Instalments
• SSI- Small Scale Industries
• SME- Small and Medium Industries
• UTI- Unit Trust of India
• WPI- Wholesale Price Index
• EDI- Electronic Data Interchange
• EPS- Earning per Share
• ESOP- Employee Stock Options
• PDO- Public Debt Office
• PIN- Personal Identification Number
• NBFC- Non-Banking Finance Companies
• NEFT- National Electronic Fund Transfer
• RTGS- Real Time Gross Settlement
• NPA- Non Performing Assets
• QIB- Qualified Institutional Buyers
• BOE- Bill of Exchange
• SMERA- SME Rating Agency of India Limited
• SLR- Statutory Reserve Ratio
• SIDBI- Small Industries Development Bank of India
• SIDC- State Industrial Development Corporation
• SJSRY- Swarna Jayanthi Shahari Rozgar Yojana
• SSSBE- Small Scale Service and Business Enterprises
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