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List of Important Banking Terms Abbreviations


KYC- Know Your Customer Guidelines

NSE- National Stock Exchange

RTGS- Real Time Gross Settlement

LIC- Life Insurance Corporation of India
SFMS- Structured Financial Messaging Services
CRR- Cash Reserve Ratio
LAMPS- Large Sized Adivasi Multipurpose Societies
ASBA- Applications Supported Bank Accounts
UTI- Unit Trust of India
DRAT- Debt Recovery Appellate Tribunal
IPO- Initial Public Offer
CDRS- Corporate Debt Restructuring
NPA- Non Performing Assets
IEPF- Investors Education and Protection Fund
SHG- Self Help Group
CASA- Current and Savings Accounts
FEDAI- Foreign Exchange Dealers Association of India
QIB- Qualified Institutional Buyers
SMERA- SME Rating Agency of India Limited
LERMS- Liberalized Exchange Rate Management System
SLR- Statutory Reserve Ratio
WPI- Wholesale Price Index
BOE- Bill of Exchange
DPG- Deferred Payment Guarantee
CAR- Capital Adequacy Ratio
ALCO- Asset Liability Committee
DPN- Demand Promissory Note
CIBIL- Credit Information Bureau of India Limited
NABARD- National Bank for Agriculture and Rural Development
EDI- Electronic Data Interchange
NBFC- Non Banking Finance Companies
DRI- Differential Rate Of Interest
CBLO- Collateralized Bank Lending Obligations
NPV- Net Present Value
SLR- Statutory Liquidity Ratio
IDRBT- Institute for Development and Research Of Banking Technology
NBFC- Non Banking Finance Companies
SEBI- Securities and Exchange Board of India
SSSBE- Small Scale Service and Business Enterprises
List of Important Banking Terms Full Forms – Abbreviations
PIN- Personal Identification Number Yield To Maturity
ALM- Asset Liability Management
NEFT- National Electronic Fund Transfer
IRDA- Insurance Regulatory and Development Authority of India
QIB- Qualified Institutional Bankers
MICR- Magnetic Ink Character Recognition
REC- Rural Electrification Corporation
SME- Small and Medium Industries
SLRS- Scheme for Liberation and Rehabilitation of Scavengers
CARE- Credit Analysis and Research Limited
SEBI- Securities and Exchange Board of India
RBI- Reserve Bank of India
RTGS- Real Time Gross Settlement
SSI- Small Scale Industries
EMI- Equated Monthly Instalments
DSCR- Debt Service Coverage Ratio
FCNR- Foreign Currency Non Resident Deposit Accounts
BCSBI- Banking Codes and Standards Board of India
KVIC- Khadi and Village Industries Corporation
RDBMS- Relational Database Management System
RIDF- Rural Infrastructure Development Fund
RWA- Risk Weighted Assets
SJSRY- Swarna Jayanthi Shahari Rozgar Yojana
EPS- Earning per Share
FEDAI- Foreign Exchange Dealers Association Of India
OCB- Overseas Corporate Bodies
PIN- Personal Identification Number
MCA- Ministry Of Company Affairs
KCC- Kisan Credit Card
KYC- Know Your Customer
RRB- Regional Rural Bank
SIDC- State Industrial Development Corporation
ESOP- Employee Stock Options
FOB- Free On Board
POA- Power of Attorney OLTAS- Online Tax Accounting System
MIS- Management Information System
ISCI- International Standard Industrial Classification
EXIM bank- Export and Import Bank of India
SBI- State Bank of India
YTM-Yield to Maturity
OMO- Open Market Operations
SIDBI- Small Industries Development Bank of India
CRISIL- Credit Rating Information Services Of India
CCIL- Clearing Corporation of India Limited
NABARD- National Bank for Agriculture and Rural Development
SCB- Scheduled Commercial Bank
LAB- Local Area Banks
PACS- Primary Agricultural Credit Societies
SDR- Special Drawing Rights
ICRA- Investment Information and Credit Rating Agency of India Limited
OTCEI- Over the Counter Exchange Of India
SIDBI- Small Industries Development Bank of India
KCC-Non Resident External Account
ALM- Asset Liability Management
PDO- Public Debt Office
ANBC- Adjusted Net Bank Credit
NRI- Non Resident Indian
IRDA- Insurance Regulatory and Development Authority
EDP- Entrepreneurship Development Programme

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Sunil Anand
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