Banking Terms & Abbreviations – Financial Acronyms

AD – Authorised Dealer

ADB – Asian Development Bank

AEPS – Aadhaar Enabled Payments Switch

ASSOCHAM – Associated Chambers of Commerce and Industry of India

ALM – Asset Liability Management

ATM – Automated Teller Machine

BIS – Bank for International Settlements

BSE – Bombay Stock Exchange

CA – Chartered Accountant

CAD – Capital Account Deficit

CAG – Controller and Auditor General

CAR – Cash Adequacy Ratio

CBS – Core Banking Solution

CD – Certificate of Deposit

CIBIL – Credit Information Bureau (India) Limited

CP – Commercial Paper

CPI – Consumer Price Index

CRAR – Capital To Risk Weighted Asset Ratio

CRMD – Credit Risk Management Department

CRR – Cash Reserve Ratio

DTAA – Double Taxation Avoidance Agreement

DICGC – Deposit Insurance and Credit Guarantee Corporation of India

ECB – External Commercial Borrowings

EBRD – European Bank for Reconstruction and Development

ECGC – Export Credit Guarantee Corporation

EIB – European Investment Bank

EXIM – Export Import Bank of India

FRBM – Fiscal Responsibility and Budget Management Act, 2003

FCA – Foreign Currency Assets

FCNRA – Foreign Currency Non resident Account

FDI – Foreign Direct Investment

FEMA – Foreign Exchange Management Act

FERA – Foreign Exchange Regulation Act

FICCI – Federation of Indian Chambers of Commerce and Industry

FII – Foreign Institutional Investor

FPI – Foreign Portfolio Investment

FTA – Free Trade Agreement

GDP – Gross Domestic Product

GAAR – General Anti Avoidance Rule

GoI – Government of India

HDFC – Housing Development Finance Corporation

IBPS – Institute of Banking Personnel Selection

IBRD – International Bank For Reconstruction And Development

ICICI – Industrial Credit and Investment Corporation of India

IDR – Indian Depository Receipts

IIB – International Investment Bank

IIBF – Indian Institute of Banking and Finance

IMF – International Monetary Fund

IMPS – Immediate Mobile Payment System

IRDA – Insurance Regulatory and Development Authority

KCC – Kisan Credit Card

KYC – Know Your Customer

LAF – Liquidity Adjustment Facility

LCR – Liquidity Coverage Ratio

LC – Letter of Credit

LIBOR – London Inter Bank Offered Rate

MIBOR – Mumbai Inter Bank Offer Rate

MICR – Magnetic Ink Character Recognition

MSP – Minimum Support Price

NABARD – National Bank for Agricultural and Rural Development

NBFC – Non Banking and Finance companies

NDTL – Net Demand and Time Liabilities

NEFT – National Electronic Funds Transfer System

NFA – No Frills Account

NHB – National Housing Bank

NPA – Non Performing Assets

NPS – National Pensions Scheme

NRE – Non-Resident External

NRI – Non-Resident Indian

NSDL – National Securities Depository Ltd.

NSE – National Stock Exchange

OD – Overdraft

OECD – Organisation for Economic Cooperation and Development

OMO – Open Market Operations

OTP – One Time Password

PGS – Payment Gateway System

PLR – Prime Lending Rate

RBI – Reserve Bank Of India

RD – Revenue Deficit

RRB – Regional Rural Bank

RTGS – Real Time Gross Settlement System

SARFAESI Act – Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002

SCB – Scheduled Commercial Bank

SEBI – Security Exchange Board Of India

SIDBI – Small Industries and Development Bank of India

SLR – Statutory Liquidity Ratio

SME – Small and Medium Enterprise

SWIFT – Society For World Wide Inter Bank Financial Telecommunication

VAT – Value Added Tax

WPFI – World Press Freedom Index

WPI – Wholesale Price Index

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