List of Important Abbreviations used in Banking Industry

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
Fiscal Responsibility and Budget Management Act, 2003
Financial Stability and Development Council
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

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