List of Important Banking & Finance Abbreviations

Finance & Banking Abbreviations

IBPS, SBI, RBI, RRB, UPSC and other banking exams are commonly asked in abbreviations. Some important banking-related abbreviations have been provided. We hope this will help you in competitive exams!

Important Banking & Finance Abbreviations

S.No	Acronyms	Abbreviations
1	ABEDA	Arab Bank for Economic Development in Africa.
2	ACF	Auto Correlation Function.
3	ACS	Automated Clearing Systm.
4	AD	Authorized Dealer.
5	ADB	Asian Development Bank.
6	ADF	Automated Data Flow
7	ADR	American Depository Receipt.
8	AEPS	Aadhaar Enabled Payments Switch
9	AFS	Annual Financial Statement.
10	AGM	Annual General Meeting.
11	AIC	Agricultural Insurance Company.
12	AIF	Alternative Investment Fund
13	ALCO	Asset Liability Committee
14	ALM	Asset Liability Management
15	AMFL	Association of Mutual Funds in India.
16	AML	Anti-Money Laundering
17	AMRMS	Audit and Risk Monitoring Mechanism
18	ANBC	Adjusted Net Bank Credit
19	APBS	Aadhaar Payment Bridge System
20	ARC	Asset Reconstruction Companies
21	ASBA	Applications Supported Bank Accounts
22	ASSOCHAM	Associated Chambers of Commerce and Industry of India.
23	ATM	Automated Teller Machine.
24	BCBS	Basel Committee on Banking Supervision
25	BCSBI	Banking Codes and Standards Board of India
26	BIS	Bank for International Settlements.
27	BOB	Bank of Baroda.
28	BOE	Bill of Exchange
29	BOI	Bank of India.
30	BOP	Balance of Payments.
31	BOR	Bank of Rajasthan.
32	BOT	Build,Operate and Transfer.
33	BR Act	Banking Regulations Act, 1949.
34	BSCS	Basel Committee on Banking Supervision.
35	BSE	Bombay Stock Exchange.
36	BSR	Basic Statistical Returns.
37	CA	Chartered Accountant.
38	CAD	Current Account Deficit
39	CAG	Controller and Auditor General.
40	CAR	Capital Adequacy Ratio
41	CARE	Credit Analysis and Research Limited
42	CASA	Current and Savings Accounts
43	CB	Canara Bank.
44	CBLO	Collateralized Bank Lending Obligations
45	CBS	Core Banking Solution.
46	CCIL	Clearing Corporation of India Limited
47	CCL	Cash Credit Limit
48	CDB	Caribbean Development Bank.
49	CDBS	Committee of Direction on Banking Statistics.
50	CDRS	Corporate Debt Restructuring
51	CDS	Credit Default Swap.
52	CEPA	Comprehensive Economic Partnership Management.
53	CFRA	Combined Finance and Revenue Accounts.
54	CGRA	Currency and Gold Revaluation Account.
55	CIBIL	Credit Information Bureau of India Limited
56	CMIS	Currency Management Information System
57	CNP	Card Not Present
58	COB	Corporation Bank.
59	CP	Colombo Plan.
60	CPFF	Commercial Paper Funding Facility
61	CPI	Consumer Price Index.
62	CRAR	Capital To Risk Weighted Asset Ratio.
63	CRILC	Central Repository of Information on Large Credits
64	CRISIL	Credit Rating Information Services Of India
65	CRMD	Credit Risk Management Department.
66	CRR	Cash Reserve Ratio.
67	CSR	corporate social responsibility
68	CTI	Country Threat Index.
69	CUB	City Union Bank
70	DB	Dena Bank.
71	DPG	Deferred Payment Guarantee
72	DPN	Demand Promissory Note
73	DRAT	Debt Recovery Appellate Tribunal
74	DRI	Differential Rate Of Interest
75	DSCR	Debt Service Coverage Ratio
76	DTAA	Double Taxation Avoidance Agreement.
77	EADB	East African Development Bank.
78	EBRD	European Bank for Reconstruction and Development.
79	ECB	External Commercial Borrowings.
80	ECS	Electronic Clearing System.
81	EDF	Export Development Fund
82	EDI	Electronic Data Internchange
83	EDP	Entrepreneurship Development Programme
84	EEFC	Exchange Earners' Foreign Currency
85	EFTPOS	Electronic Funds Transfer At Point Of Sale
86	EIB	European Investment Bank.
87	ELSS	Equity Linked Saving Scheme.
88	EMI	Equated Monthly Instalments
89	EPFO	Employees' Provident Fund Organisation
90	EPOS	Electronic Point Of Sale
91	EPS	Earning per Share
92	ESOP	Employee Stock Options
93	EXIM	Export Import Bank of India.
94	FCA	Foreign Currency Assets.
95	FCCB	Foreign Currency Convertible Bond
96	FCNR	Foreign Currency Non Resident Deposit Accounts
97	FCNRA	Foreign Currency Non resident Account.
98	FDI	Foreign Direct Investment.
99	FEDAI	Foreign Exchange Dealers Association Of India
100	FERA	Foreign Exchange Regulation Act.
101	FICCI	Federation of Indian Chambers of Commerce and Industry.
102	FII	Foreign Institutional Investor.
103	FIMMDA	Fixed Income Money Markets and Derivatives Association.
104	FINO	Financial Information Network and Operation Limited
105	FIPB	Foreign Investment Promotion Board.
106	FOB	Free On Board
107	FPI	Foreign Portfolio Investment.
108	FSRASC	Financial Sector Regulatory Appointment Search Committee
109	FTA	Free Trade Agreement.
110	GAAR	General Anti Avoidance Rule.
111	GDP	Gross Domestic Product
112	GDR	Global Depository Receipt.
113	GFD	Gross Fiscal Deficit.
114	GIRO	Government Internal Revenue Order.
115	GMS	Gold Monetisation Scheme
116	GST	Goods and Services Tax
117	GSTN	Goods and Services Network
118	HDFC	Housing Development Finance Corporation.
119	IADB	Inter American Development Bank.
120	IAS	Integrated Accounting Systems
121	IBBI	Insolvency and Bankruptcy Board of India
122	IBPS	Institute of Banking Personnel Selection.
123	IBRD	International Bank for Reconstruction and Development
124	IBRD	International Bank For Reconstruction And Development.
125	IBU	International Banking Unit
126	ICA	Indian Council of Agricultural Research.
127	ICICI	Industrial Credit and Investment Corporation of India.
128	ICRA	Investment Information and Credit Rating Agency of India Limited
129	IDB	Islamic Development Bank.
130	IDBI	Industrial Development Bank of India.
131	IDR	Indian Depository Receipts.
132	IDRBT	Institute for Development and Research Of Banking
133	IEPF	Investors Education and Protection Fund
134	IFC	International Finance Corporation
135	IIB	International Investment Bank.
136	IIBF	Indian Institute of Banking and Finance.
137	IMD	India Millennium Deposits.
138	IMF	International Monetary Fund.
139	IMPS	Immediate Payment Service
140	IMT	Instant Money Transfer
141	IOB	Indian Overseas Bank.
142	IPO	Initial Public Offer
143	IPO	Initial Public Offering
144	IPPB	India Post Payments Bank
145	IRBI	Industrial Reconstruction Bank Of India.
146	IRDA	Insurance Regulatory and Development Authority of India
147	IROs	Interest rate options
148	IRR	Internal Rate Of Return.
149	ISCI	International Standard Industrial Classification
150	KCC	Kisan Credit Card
151	KMB	Kotak Mahindra Bank.
152	KVB	Karur Vysya Bank.
153	KVIC	Khadi and Village Industries Corporation
154	KVP	Kisan Vikas Patra
155	KYC	Know Your Customer Guidelines
156	LAB	Local Area Bank.
157	LAF	Liquidity Adjustment Facility
158	LAMPS	Large Sized Adivasi Multipurpose Societies
159	LDB	Land Development Bank.
160	LERMS	Liberalized Exchange Rate Management System
161	LIBOR	London Inter Bank Offered Rate.
162	LIC	Life Insurance Corporation Of India
163	LTCG	Long-Term Capital Gains
164	LTN	Long Term Note
165	MCA	Ministry Of Company Affairs
166	MCLR	Marginal Cost Of Lending Rate
167	MFDF	Micro Finance Development Fund
168	MIBOR	Mumbai Inter Bank Offer Rate.
169	MICR	Magnetic Ink Character Recognition
170	MIS	Management Information System
171	MSS	Market Stabilisation Scheme
172	MTN	Medium Term Note
173	MUDRA	Micro Units Development And Refinance Agency
174	NABARD	National Bank For Agricultural And Rural Development.
175	NAS	National Account Statistics.
176	NAV	Net Asset Value.
177	NBC	Non Banking Companies.
178	NBFC	Non Banking Finance Companies
179	NDA	Net Domestic Asset
180	NDS	Negotiated Dealing Systems
181	NDTL	Net Demand And Time Liability
182	NECS	National Electronic Clearing System
183	NEFT	National Electronic Funds Transfer System.
184	NFA	No Frills Account.
185	NFC	Non Banking Finance Companies.
186	NFS	National Financial Switch
187	NHB	National Housing Bank.
188	NIB	Nordic Investment Bank.
189	NPA	Non Performing Assets.
190	NPCI	National Payments Corporation Of India
191	NPS	National Pensions Scheme.
192	NPV	Net Present Value
193	NRE	Non Resident External Account
194	NRI	Non Resident Indian
195	NSE	National Stock Exchange.
196	NSFDC	National Scheduled Castes Finance And Development Corporation
197	OCB	Overseas Corporate Bodies
198	ODIs	Offshore/Overseas Derivative Instruments
199	OECD	Organisation For Economic Cooperation And Development
200	OLTAS	Online Tax Accounting System
201	OMO	Open Market Operations
202	OTCEI	Over the Counter Exchange Of India
203	OTP	One-Time Password
204	PACS	Primary Agricultural Credit Societies
205	PAN	Permanent Account Number
206	PDO	Public Debt Office
207	PFRDA	Pension Fund Regulatory and Development Authority
208	PGS	Payment Gateway System.
209	PIN	Personal Identification Number
210	PIS	Portfolio Investment Scheme
211	P-Notes	Participatory Notes
212	POA	Power of Attorney
213	PoS	Point of Sale
214	PPF	Public Provident Fund
215	PPIs	Prepaid Payment Instruments
216	PRSF	Partial Risk Sharing Facility
217	QIB	Qualified Institutional Bankers
218	RBI	Reserve Bank of India
219	RBS	Royal Bank of Scotland.
220	RDBMS	Relational Database Management System
221	RDDBFI	Recovery of Debt due to Banks and Financial Institutions
222	REC	Rural Electrification Corporation
223	RFC	Resident Foreign Currency
224	RIDF	Rural Infrastructure Development Fund
225	ROA	Return On Assets
226	ROE	Return On Equity
227	RRB	Regional Rural Bank.
228	RTGS	Real Time Gross Settlement System.
229	RWA	Risk Weighted Assets
230	SARFAESI	Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest
231	SBI	State Bank of India
232	SCB	Scheduled Commercial Bank
233	SCC	Selective Credit Control.
234	SDBS	Service Discharge Benefit Scheme
235	SDR	Special Drawing Rights
236	SEBI	Securities and Exchange Board of India
237	SEPA	Single Euro Payment Area.
238	SFMS	Structured Financial Messaging Services
239	SGB	Sovereign Gold Bond
240	SHG	Self Help Group
241	SIDBI	Small Industries And Development Bank Of India.
242	SIDC	State Industrial Development Corporation
243	SIFI	Systematically Important Financial Intermediaries
240	Sip	Systematic Investment Plans
241	SIPS	Systemically Important Payment System
242	SJSRY	Swarna Jayanthi Shahari Rozgar Yojana
243	SLR	Statutory Reserve Ratio
244	SLRS	Scheme for Liberation and Rehabilitation of Scavengers
245	SME	Small and Medium Industries
246	SMERA	SME Rating Agency of India Limited
247	SMILE	SIDBI Make in India Loan for small Enterprises
248	SPNS	Shared Payment Network System.
249	SSI	Small Scale Industries
250	SSSBE	Small Scale Service and Business Enterprises
251	SWIFT	Society For World Wide Inter Bank Financial Telecommunication.
252	TDS	Tax Deducted at Source
253	TIN	Tax Information Network
254	UBIN	Unique Business Identification Number
255	UCB	Urban Cooperative Bank.
256	UCNs	Uniform Code Numbers
257	UEBA	Universal Electronic Bank Account.
258	UIDAI	Unique Identification Authority of India
259	UPI	Unified Payments Interface
260	UPIN	Unique Property Identification Numbers.
261	USB	Ultra Small Branch.
262	USD	United States Dollar.
263	USSD	Unstructured Supplementary Service Data
264	UTI	Unit Trust of India
265	VDBS	Vertically Differentiated Banking System.
266	VPA	Virtual Payment Address
267	WBCIS	Weather Based Crop Insurance Scheme.
268	WCTL	Working Capital Term Loan
269	WL ATM	White Label ATM.
270	WMA	Ways and Means Advances
271	WPI	Wholesale Price Index
272	YTM	Yield to Maturity