General Awareness section plays a very important role in clearing any exams these days. Whether you are appearing for the recruitment tests from IBPS, SBI, RBI or any other institutes you may face one or two questions from the banking awareness section. Here we are bringing you some banking abbreviations and its expanded forms. You can expect one or two questions from this part in almost all recruitment tests. This list will help you to ace your preparations and your general awareness.
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List of Banking Abbreviations
Let’s have a quick look upon the list of important abbreviations in the banking sector.
Abbreviations Starting with “A”
- ADB- Asian Development Bank
- ADR- American Depository Receipt
- ATM- Automated Teller Machine
- AFC – Asset Finance Companies
- ADR – Asset Development Reserve
- AFI – Annual Financial Inspection
- AEPS- Aadhar Enabled Payment Switch
- AFS- Annual Financial Statement
- AGM- Annual General Meeting
- AIF- Alternative Investment Fund
- AIDB- All India Development Banks
- ASBA – Applications Supported by Blocked Account
- ASSOCHAM- Associated Chambers of Commerce and Industry of India
- AIFI- All India Financial Institutions
- ALCO- Asset Liability Committee
- ALM- Asset Liability Management
- ACH – Automatic Clearance House
- AMFI- Association of Mutual Funds in India
- AML- Anti Money Laundering
- AD – Authorized Dealer
- ANBC- Adjusted Net Banking Credit
- APACS- Association of Payment and Clearing Service
- ARC- Asset Reconstruction Company
- ALD- Aggregate Liability to Depositors
- APR – Annual Performance Reports
- AS – Accounting Standards
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Abbreviations Starting with “B”
- BCBS- Basel Committee on Banking Supervision
- BCP- Branch Credit Plan
- BACS – Bankers Automated Clearing System
- BO- Banking Ombudsman
- BCSBI- Banking Codes and Standards Board of India
- BSE- Bombay Stock Exchange
- BOP – Balance Of Payments
- BSR- Basic Statistical Returns
- BOE- Bill Of Exchange
- BPLR- Benchmark Prime Lending Rate
- BSBDA- Basic Savings Bank Deposit Account
- BIS- Bank for International Settlements
- BFS – Board for Financial Supervision
- BIS – Bank for International Settlements
- BLA – Bond Ledger Account
- BPO – Business Processing Outsourcing
- BPSS – Board for Regulation and Supervision of Payment and Settlement Systems
- BRBNMPL – Bharatiya Reserve Bank Note Mudran Private LimitedAbbreviations Starting with “C”
- CAAP- Capital Adequacy Assessment Process
- CAGR- Compound Annual Growth Rate
- CAD- Capital Account Deficit
- CAG Comptroller and Auditor General
- CAR- Capital Adequacy Ratio
- CARE- Credit Analysis and Research limited
- CASA- Current Account Savings Account
- CC- Cash Credit
- CCIL- Clearing Corporation of India Limited
- CD- Certificate of Deposit
- CDR- Corporate Debt Restructuring
- CEPA- Comprehensive Economic Partnership Management
- CFMS- Centralized Fund Management System
- CII- Confederation of Indian Industry
- CMIS- Currency Management Information System
- CP- Commercial Paper
- CPI- Consumer Price Index
- CRAR- Capital to Risk-Weighted Asset Ratio
- CBS- Core Banking Solution
- CTS- Cheque Truncation System
- CVC- Central Vigilance Commission
- CIBIL- Credit Information Bureau of India Limited
- CCCS – Consumer Credit Counselling Service
- CCP – Cheque Clearing Policy
- CCR- Counterfeit Currency Report
- CC – Currency Chest
- CD – Certificate of Deposit
- CDBS – Committee of Direction on Banking Statistics
- CDF- Cooperative Development Fund
- CFS- Consolidated Financial Statements
- CDO – Collateral Debt Obligations
- CGF- Credit Guarantee Fund
- CGTMSE -Credit Guarantee Trust and Micro and Small Enterprises
- CTS – Cheque Truncation System
- CVPS – Currency Verification and Processing System
Abbreviations Starting with “D”
- DSCR- Debt Service Coverage Ratio
- DBS- Department of Banking Supervision
- DTAA- Double Taxation Avoidance Agreement
- DCCB- District Central Cooperative Bank
- DD- Demand Draft
- DFI- Development Financial Institutions
- DICGC- Deposit Insurance and Credit Guarantee Corporation
- DP- Depository Participants
- DPG- Deferred Payment Guarantee
- DPN- Demand Promissory Note
- DRAT- Debt Recovery Appellate Tribunal
- DRI- Differential rate of Interest
- DSA- Direct Selling Agent
- DRT – Debt Recovery Tribunal
- DTL – Demand and Time Liability
- DRI – Differential Rate of Interest
- DTA – Deferred Tax Asset
- DBOD – Department of Banking Operations and Development
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Abbreviations Starting with “E”
- ECB- External Commercial Borrowings
- ECS- Electronic Clearing Service
- ED- Enforcement Directorate
- EBT – Electronic Benefit Transfer
- ECR – Export Credit Refinance
- ECGC- Export Credit Guarantee Corporation
- EDF- Export Development Fund
- EDI- Electronic Data Interchange
- EDMU- External Debt Management Unit
- EDP- Entrepreneurship Development Programme
- EFT- Electronic Fund Transfer
- EEFC- Exchange Earners Foreign Currency
- ELSS- Equity Linked Savings Scheme
- EXIM – Export Import Bank of India
- ECR – Export Credit Refinance
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Abbreviations Starting with “F”
- FATF- Financial Action Task Force
- FCA- Financial Currency Assets
- FCCB- Foreign Currency Convertible Bond
- FCD- Fully Convertible Debentures
- FCNRA- Foreign Currency Non – Resident Account
- FCNRD- Foreign Currency Non – Repatriable Deposit
- FDI- Foreign Direct Investment
- FEMA- Foreign Exchange Management Act
- FEDAI- Foreign Exchange Dealers Association of India
- FICCI- Federation of International Chambers of Commerce and Industry
- FII- Foreign Institutional Investors
- FI – Financial Institutions
- FIPB- Foreign Investment Promotion Board
- FIMMDA – Fixed Income Money Market and Derivatives Association of India
- FIP – Financial Inclusion Plan
- FRBM- Fiscal Responsibility and Budget Management
- FSB – Financial Stability Board
Abbreviations Starting with “G”
- GDP- Gross Domestic Product
- GDR- Global Depository Receipt
- GFD- Gross Fiscal Deficit
- GIC- General Insurance Corporation
- GIRO- Government Internal Revenue Order
- GMS- Gold Monetization Scheme
- GST- Goods and Service Tax
- GB – Gramin Bnak
- GVA- Gross Value Added
- GCC – General Credit Card
- GCS – Gold Card Scheme
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Abbreviations Starting with “H”
- HDFC – Housing Development Finance Corporation
- HFC- Housing Finance Company
- HTM – Held to Maturity
Abbreviations Starting with “I”
- IAS-Integrated Account System
- IBA- Indian Banks Association
- IBBI- Insolvency and Bankruptcy Board of India
- IBRD- International Bank for Reconstruction and Development
- IBU- International Banking Unit
- ICICI- Industrial Credit and Investment Corporation of India
- ICRA- Investment Information and Credit Rating Agency
- IDB- Islamic Development Bank
- IDBI- Industrial Development Bank of India
- IDR- Indian Depository receipt
- IDRBT- Institute for Development and Research in Banking Technology
- IEPF- Investors Education and Protection Fund
- IFSC- Indian Financial System Code
- IFC- International Finance Corporation
- IA – Internal Audit
- IFCI – Industrial Finance Corporation of India
- IIBF – International Institute of Banking and Finance
- IMPS – Immediate Payment Service
- IPPB – Indian Post Payment Bank
- IPO – Initial Public Offering
- IMT – Instant Money Transfer
Abbreviations Starting with “K”
- KCC- Kissan Credit Card
- KMB- Kotak Mahindra Bank
- KVB- Karur Vysya Bank
- KVIC- Khadi and Village Industries Corporation
- KVP- Kissan Vikas Patra
- KYC- Know Your Customer
Abbreviations Starting with “L”
- LAB- Local Area Bank
- LAF- Liquidity Adjustment Facility
- LBS- Lead Bank Scheme
- LDB- Land Development Bank
- LERMS- Liberalized Exchange Rate Management System
- LTV – Loan to Value
- LTCCS – Long-Term Cooperative Credit Structure
Abbreviations Starting with “M”
- MCLR – Marginal Cost Lending Rate
- MFDF -Micro Finance Development Fund
- MIBOR- Mumbai Inter Bank Offer Rate
- MICR-Magnetic Ink Character Recognition
- MSF – Marginal Standing Facility
- MUDRA -Micro Units Development and Refinance Agency
- MSS -Market Stabilization Scheme
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Abbreviations Starting with “N”
- NDA- Net Domestic Asset
- NDTL- Net Demand Time Liabilities
- NEER- Nominal Effective Exchange Rate
- NECS- National Electronic Clearing System
- NEFT- National Electronic Fund Transfer
- NFA- No Frills Account
- NHB- National Housing Bank
- NII- Net Interest Income
- NPA- Non Performing Assets
- NPCI- National Payment Corporation of India
- NPS- National Pension Scheme
- NAV – Net Asset Value
- NBC – Net Bank Credit
- NFA – No Frills Account
- NRO – No Resident Ordinary
- NRE – Non Resident External
- NSSF – National Small Savings Fund
Abbreviations Starting with “O”
- OBC- Oriental Bank of Commerce
- OCB- Overseas Corporate Bodies
- OD- Over Draft
- ODI- Overseas Derivative Instruments
- OTS – One Time Settlement
- OECD- Organization for Economic Cooperation and Development
- OLTAS- Online Tax Accounting System
- OMO- Open Market Operations
- OTCEI- Over The Counter Exchange of India
Abbreviations Starting with “P”
- PAN- Permanent Account Number
- PCA – Prompt Corrective Action
- PFRDA – Pension Fund Regulatory and Development Authority
- PFD – Partly Convertible Debentures
- PDO-Public Debt Office
- PLI -Prime Lending Institutions
- PLR-Prime Lending Rate
- PMLA-Prevention of Money Laundering Act
Abbreviations Starting with “R”
- RBI – Reserve Bank of India
- RFC- Resident Foreign Currency
- RTGS – Real Time Gross Settlement
- RIDF- Rural Infrastructure Development Fund
- RML- Reverse Mortgage loan
- RNBC- Residuary Non-banking Companies
- RoA- Return on Asset
- RoE- Return on Equity
- RRB – Regional Rural Bank
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Abbreviations Starting with “S”
- SARFAESI- Securitization And Reconstruction of Financial Asset And Enforcement of Securities Interest Act
- SCB- Scheduled Commercial Bank
- SSI – Small Scale Industries
- SCC- Selective Credit Control
- SDR- Special Drawing Rights
- SEBI- Securities and Exchange Board of India
- SEAC- State Expert Appraisal Committee
- SEPA- Single Euro Payment Area
- SGB- Sovereign Gold Bond
- SGSY- Swarna Jayanthi Gram Swarojgar Yojana
- SIDC- State Industrial Development Corporation
- SCB- State Cooperative Apex Bank
- SEZs- Special Economic Zones
- SFCs- State Financial Corporations
- SIDC- State Industrial Development Corporation
- SIP- Systematic Investment Plan
- SLR- Statutory Liquidity Ratio
- SME – Small Medium Enterprises
- SWIFT – Society for Worldwide Interbank Financial Telecommunication
- STF – Short Term Finance
- SR – Security Receipt
- STCC – Short Term Cooperative Credit Structure
- SMG – Standing Monitoring Group
- SWIPS – System Wide Important Payment System
- STR – Suspicious Transaction Report
- STO – Sub Treasury Office
- SNA – System of National Accounts
Abbreviations Starting with “T”
- TAN- Transaction Number
- TAN- Tax Deduction Account Number
- TIN- Tax Information Number
- TB- Treasury Bills
- TDS- Tax Deducted at Source
- TC – Temporary Change
- TT – Telegraphic Transfer
- TFP – Total Factor Productivity
- TACMP – Technical Advisory Committee on Monetary Policy
Abbreviations Starting with “U”
- UBI- United Bank of India
- UBIN- Unique Business Identification Number
- UCB- Urban Cooperative Bank
- UPI – Unified Payment Interface
- UPIN – Unique Property Identification Number
- UCN – Uniform Code Number
- UTLB – Union Territory Level Bankers
- UBD – Urban Banks Department
- UBB – Uniform Balance Book
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Conclusion
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