List of Important Banking Terms Abbreviations-Full Forms

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 IndiaLimited

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