Banking and Financial Abbreviations are commonly asked all banking and related exams like SBI PO, IBPS PO/Clerk, IBPS RRB, RBI Grade B/Assistant, IPPB, LIC, UIIC, OICL, NICL, NIACL, etc.
We are sharing a list of important Abbreviations which will be useful for the upcoming Exams.
List of Important Abbreviations used in Banking and Finance Industry:
| Abbreviations | Full Form |
| ABPS | Aadhaar Payment Bridge System |
| ACS | Automated Clearing System |
| ADF | Automated Data Flow |
| AEPS | Aadhaar Enabled Payments Switch |
| ALM | Asset Liability Management |
| AML | Anti-Money Laundering |
| AMRMS | Audit and Risk Monitoring Mechanism |
| ANBC | Adjusted Net Bank Credit |
| APBS | Aadhaar Payment Bridge System |
| ARC | Asset Reconstruction Companies |
| ASBA | Applications Supported Bank Accounts |
| ASSOCHAM | Associated Chambers of Commerce and Industry of India |
| ATM | Automated Teller Machine |
| BCBS | Basel Committee on Banking Supervision |
| BBNL | Bharat Broadband Network Limited |
| BBPS | Bharat Bill Payment System |
| BBPCU | Bharat Bill Payment Central Unit |
| BBPOU | Bharat Bill Payment Operating Unit |
| BC | Business Correspondent |
| BCBS | Basel Committee on Banking Supervision |
| BCSBI | Banking Codes and Standards Board of India |
| BHIM | Bharat Interface for Money |
| BIS | Bank for International Settlements |
| BOE | Bill of Exchange |
| BOP | Balance of Payments |
| BSBDA | Basic Savings Bank Deposit Account |
| BSR | Basic Statistical Returns |
| CAD | Current Account Deficit |
| CAR | Capital Adequacy Ratio |
| CARE | Credit Analysis and Research Limited |
| CASA | Current and Savings Accounts |
| CBLO | Collateralized Bank Lending Obligations |
| CBS | Core Banking Solution |
| CCL | Cash Credit Limit |
| CDRS | Corporate Debt Restructuring |
| CDS | Credit Default Swap |
| CHI | Clearing House Interface |
| CIBIL | Credit Information Bureau of India Limited |
| CNP | Card Not Present transaction |
| CPI | Consumer Price Index |
| CRAR | Capital To Risk Weighted Asset Ratio |
| CRISIL | Credit Rating Information Services Of India |
| CRR | Cash Reserve Ratio |
| CSR | Corporate Social Responsibility |
| CVV | Card Verification Value |
| DRAT | Debt Recovery Appellate Tribunal |
| DRI | Differential Rate Of Interest |
| DTAA | Double Taxation Avoidance Agreement |
| ECB | External Commercial Borrowings |
| ECS | Electronic Clearing System |
| ECCS | Express Cheque Clearing System |
| EDF | Export Development Fund |
| EDI | Electronic Data Interchange |
| EEFC | Exchange Earners’ Foreign Currency |
| EFTPOS | Electronic Funds Transfer At Point Of Sale |
| ELSS | Equity Linked Saving Scheme |
| EMI | Equated Monthly Instalments |
| EMV | Europay, MasterCard, and Visa |
| EPOS | Electronic Point Of Sale |
| ESOP | Employee Stock Options |
| FCA | Foreign Currency Assets |
| FCCB | Foreign Currency Convertible Bond |
| FCNR | Foreign Currency Non Resident Deposit Accounts |
| FCNRA | Foreign Currency Non Resident Account |
| FDI | Foreign Direct Investment |
| FICCI | Federation of Indian Chambers of Commerce and Industry |
| FII | Foreign Institutional Investor |
| FIMMDA | Fixed Income Money Markets and Derivatives Association |
| FIPB | Foreign Investment Promotion Board |
| FPI | Foreign Portfolio Investment |
| FRBMA | |
| FSDC | |
| FTA | Free Trade Agreement |
| GAAR | General Anti Avoidance Rule |
| GDP | Gross Domestic Produce |
| GDR | Global Depository Receipt |
| GFD | Gross Fiscal Deficit |
| GIRO | Government Internal Revenue Order |
| GMS | Gold Monetisation Scheme |
| GST | Goods and Services Tax |
| GSTN | Goods and Services Network |
| IBBI | Insolvency and Bankruptcy Board of India |
| ICRA | Investment Information and Credit Rating Agency of India Limited |
| IDF | Infrastructure Debt Fund |
| IDR | Indian Depository Receipts |
| IDRBT | Institute for Development and Research Of Banking |
| IFSC | Indian Financial System Code |
| IIB | Inflation-indexed bonds |
| IMF | International Monetary Fund |
| IMPS | Immediate Payment Service |
| IMT | Instant Money Transfer |
| InvIT | Infrastructure Investment Trust |
| IPO | Initial Public Offering |
| IRF | Interest Rate Futures |
| IROs | Interest rate options |
| IRR | Internal Rate Of Return |
| JLF | Joint Lender’s Forum |
| KYC | Know Your Customer |
| LAB | Local Area Bank. |
| LAF | Liquidity Adjustment Facility |
| LEI | Legal Entity Identifier |
| LIBOR | London Inter Bank Offered Rate |
| LTV | Loan-to-value |
| MCLR | Marginal Cost Of Lending Rate |
| MICR | Magnetic Ink Character Recognition |
| MDR | Merchant Discount Rate |
| MSS | Market Stabilisation Scheme |
| MUDRA | Micro Units Development And Refinance Agency |
| NABARD | National Bank For Agricultural And Rural Development |
| NACH | National Automated Clearing House |
| NAV | Net Asset Value |
| NBC | Non Banking Companies |
| NBFC | Non Banking Finance Companies |
| NDA | Net Domestic Asset |
| NDS | Negotiated Dealing Systems |
| NDTL | Net Demand And Time Liability |
| NECS | National Electronic Clearing System |
| NEFT | National Electronic Funds Transfer System |
| NFA | No Frills Account |
| NFS | National Financial Switch |
| NHB | National Housing Bank |
| NPA | Non Performing Assets |
| NPCI | National Payments Corporation Of India |
| NPS | National Pensions Scheme |
| NPV | Net Present Value |
| NRE | Non Resident External Account |
| NRI | Non Resident Indian |
| NUUP | National Unified USSD Platform |
| OLTAS | Online Tax Accounting System |
| OMO | Open Market Operations |
| OTP | One-Time Password |
| PACS | Primary Agricultural Credit Societies |
| PAN | Permanent Account Number |
| PCA | Prompt Corrective Action |
| PFRDA | Pension Fund Regulatory and Development Authority |
| PIN | Personal Identification Number |
| PKI | Public Key Infrastructure |
| PMLA | Prevention of Money Laundering Act |
| P-Notes | Participatory Notes |
| PoS | Point of Sale |
| PPF | Public Provident Fund |
| PPIs | Prepaid Payment Instruments |
| QFI | Qualified Foreign Investors |
| QIB | Qualified Institutional Bankers |
| QR Code | Quick Response Code |
| QSAM | Query Service on Aadhaar Mapper |
| REIT | Real Estate Investment Trusts |
| RFC | Resident Foreign Currency |
| RIDF | Rural Infrastructure Development Fund |
| RoA | Return On Assets |
| RoE | Return On Equity |
| RTGS | Real Time Gross Settlement System |
| RWA | Risk Weighted Assets |
| SARFAESI | Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest |
| SDR | Special Drawing Rights |
| SEBI | Securities and Exchange Board of India |
| SGB | Sovereign Gold Bond |
| SHG | Self Help Group |
| SIDBI | Small Industries And Development Bank Of India |
| SIFI | Systematically Important Financial Intermediaries |
| SIP | Systematic Investment Plans |
| SIPS | Systemically Important Payment System |
| SLBC | State Level Bankers’ Committee |
| SLR | Statutory Reserve Ratio |
| SME | Small and Medium Industries |
| SWIFT | Society For World Wide Inter Bank Financial Telecommunication. |
| TDS | Tax Deducted at Source |
| TIN | Tax Information Network |
| UBIN | Unique Business Identification Number |
| UEBA | Universal Electronic Bank Account |
| UIDAI | Unique Identification Authority of India |
| UPI | Unified Payments Interface |
| UPIN | Unique Property Identification Numbers |
| USB | Ultra Small Branch. |
| USSD | Unstructured Supplementary Service Data |
| UTI | Unit Trust of India |
| VDBS | Vertically Differentiated Banking System |
| VPA | Virtual Payment Address |
| WCTL | Working Capital Term Loan |
| WL ATM | White Label ATM |
| WMA | Ways and Means Advances |
| WPI | Wholesale Price Index |
| YTM | Yield to Maturity |
Click here to Download Important Banking & Finance Abbreviations PDF
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