List of Important Banking & Finance Abbreviations

Finance & Banking Abbreviations

IBPS, SBI, RBI, RRB, UPSC and other banking exams are commonly asked in abbreviations. Some important banking-related abbreviations have been provided. We hope this will help you in competitive exams!

Important Banking & Finance Abbreviations

S.No Acronyms Abbreviations
1 ABEDA Arab Bank for Economic Development in Africa.
2 ACF Auto Correlation Function.
3 ACS Automated Clearing Systm.
4 AD Authorized Dealer.
5 ADB Asian Development Bank.
6 ADF Automated Data Flow
7 ADR American Depository Receipt.
8 AEPS Aadhaar Enabled Payments Switch
9 AFS Annual Financial Statement.
10 AGM Annual General Meeting.
11 AIC Agricultural Insurance Company.
12 AIF Alternative Investment Fund
13 ALCO Asset Liability Committee
14 ALM Asset Liability Management
15 AMFL Association of Mutual Funds in India.
16 AML Anti-Money Laundering
17 AMRMS Audit and Risk Monitoring Mechanism
18 ANBC Adjusted Net Bank Credit
19 APBS Aadhaar Payment Bridge System
20 ARC Asset Reconstruction Companies
21 ASBA Applications Supported Bank Accounts
22 ASSOCHAM Associated Chambers of Commerce and Industry of India.
23 ATM Automated Teller Machine.
24 BCBS Basel Committee on Banking Supervision
25 BCSBI Banking Codes and Standards Board of India
26 BIS Bank for International Settlements.
27 BOB Bank of Baroda.
28 BOE Bill of Exchange
29 BOI Bank of India.
30 BOP Balance of Payments.
31 BOR Bank of Rajasthan.
32 BOT Build,Operate and Transfer.
33 BR Act Banking Regulations Act, 1949.
34 BSCS Basel Committee on Banking Supervision.
35 BSE Bombay Stock Exchange.
36 BSR Basic Statistical Returns.
37 CA Chartered Accountant.
38 CAD Current Account Deficit
39 CAG Controller and Auditor General.
40 CAR Capital Adequacy Ratio
41 CARE Credit Analysis and Research Limited
42 CASA Current and Savings Accounts
43 CB Canara Bank.
44 CBLO Collateralized Bank Lending Obligations
45 CBS Core Banking Solution.
46 CCIL Clearing Corporation of India Limited
47 CCL Cash Credit Limit
48 CDB Caribbean Development Bank.
49 CDBS Committee of Direction on Banking Statistics.
50 CDRS Corporate Debt Restructuring
51 CDS Credit Default Swap.
52 CEPA Comprehensive Economic Partnership Management.
53 CFRA Combined Finance and Revenue Accounts.
54 CGRA Currency and Gold Revaluation Account.
55 CIBIL Credit Information Bureau of India Limited
56 CMIS Currency Management Information System
57 CNP Card Not Present
58 COB Corporation Bank.
59 CP Colombo Plan.
60 CPFF Commercial Paper Funding Facility
61 CPI Consumer Price Index.
62 CRAR Capital To Risk Weighted Asset Ratio.
63 CRILC Central Repository of Information on Large Credits
64 CRISIL Credit Rating Information Services Of India
65 CRMD Credit Risk Management Department.
66 CRR Cash Reserve Ratio.
67 CSR corporate social responsibility
68 CTI Country Threat Index.
69 CUB City Union Bank
70 DB Dena Bank.
71 DPG Deferred Payment Guarantee
72 DPN Demand Promissory Note
73 DRAT Debt Recovery Appellate Tribunal
74 DRI Differential Rate Of Interest
75 DSCR Debt Service Coverage Ratio
76 DTAA Double Taxation Avoidance Agreement.
77 EADB East African Development Bank.
78 EBRD European Bank for Reconstruction and Development.
79 ECB External Commercial Borrowings.
80 ECS Electronic Clearing System.
81 EDF Export Development Fund
82 EDI Electronic Data Internchange
83 EDP Entrepreneurship Development Programme
84 EEFC Exchange Earners' Foreign Currency
85 EFTPOS Electronic Funds Transfer At Point Of Sale
86 EIB European Investment Bank.
87 ELSS Equity Linked Saving Scheme.
88 EMI Equated Monthly Instalments
89 EPFO Employees' Provident Fund Organisation
90 EPOS Electronic Point Of Sale
91 EPS Earning per Share
92 ESOP Employee Stock Options
93 EXIM Export Import Bank of India.
94 FCA Foreign Currency Assets.
95 FCCB Foreign Currency Convertible Bond
96 FCNR Foreign Currency Non Resident Deposit Accounts
97 FCNRA Foreign Currency Non resident Account.
98 FDI Foreign Direct Investment.
99 FEDAI Foreign Exchange Dealers Association Of India
100 FERA Foreign Exchange Regulation Act.
101 FICCI Federation of Indian Chambers of Commerce and Industry.
102 FII Foreign Institutional Investor.
103 FIMMDA Fixed Income Money Markets and Derivatives Association.
104 FINO Financial Information Network and Operation Limited
105 FIPB Foreign Investment Promotion Board.
106 FOB Free On Board
107 FPI Foreign Portfolio Investment.
108 FSRASC Financial Sector Regulatory Appointment Search Committee
109 FTA Free Trade Agreement.
110 GAAR General Anti Avoidance Rule.
111 GDP Gross Domestic Product
112 GDR Global Depository Receipt.
113 GFD Gross Fiscal Deficit.
114 GIRO Government Internal Revenue Order.
115 GMS Gold Monetisation Scheme
116 GST Goods and Services Tax
117 GSTN Goods and Services Network
118 HDFC Housing Development Finance Corporation.
119 IADB Inter American Development Bank.
120 IAS Integrated Accounting Systems
121 IBBI Insolvency and Bankruptcy Board of India
122 IBPS Institute of Banking Personnel Selection.
123 IBRD International Bank for Reconstruction and Development
124 IBRD International Bank For Reconstruction And Development.
125 IBU International Banking Unit
126 ICA Indian Council of Agricultural Research.
127 ICICI Industrial Credit and Investment Corporation of India.
128 ICRA Investment Information and Credit Rating Agency of India Limited
129 IDB Islamic Development Bank.
130 IDBI Industrial Development Bank of India.
131 IDR Indian Depository Receipts.
132 IDRBT Institute for Development and Research Of Banking
133 IEPF Investors Education and Protection Fund
134 IFC International Finance Corporation
135 IIB International Investment Bank.
136 IIBF Indian Institute of Banking and Finance.
137 IMD India Millennium Deposits.
138 IMF International Monetary Fund.
139 IMPS Immediate Payment Service
140 IMT Instant Money Transfer
141 IOB Indian Overseas Bank.
142 IPO Initial Public Offer
143 IPO Initial Public Offering
144 IPPB India Post Payments Bank
145 IRBI Industrial Reconstruction Bank Of India.
146 IRDA Insurance Regulatory and Development Authority of India
147 IROs Interest rate options
148 IRR Internal Rate Of Return.
149 ISCI International Standard Industrial Classification
150 KCC Kisan Credit Card
151 KMB Kotak Mahindra Bank.
152 KVB Karur Vysya Bank.
153 KVIC Khadi and Village Industries Corporation
154 KVP Kisan Vikas Patra
155 KYC Know Your Customer Guidelines
156 LAB Local Area Bank.
157 LAF Liquidity Adjustment Facility
158 LAMPS Large Sized Adivasi Multipurpose Societies
159 LDB Land Development Bank.
160 LERMS Liberalized Exchange Rate Management System
161 LIBOR London Inter Bank Offered Rate.
162 LIC Life Insurance Corporation Of India
163 LTCG Long-Term Capital Gains
164 LTN Long Term Note
165 MCA Ministry Of Company Affairs
166 MCLR Marginal Cost Of Lending Rate
167 MFDF Micro Finance Development Fund
168 MIBOR Mumbai Inter Bank Offer Rate.
169 MICR Magnetic Ink Character Recognition
170 MIS Management Information System
171 MSS Market Stabilisation Scheme
172 MTN Medium Term Note
173 MUDRA Micro Units Development And Refinance Agency
174 NABARD National Bank For Agricultural And Rural Development.
175 NAS National Account Statistics.
176 NAV Net Asset Value.
177 NBC Non Banking Companies.
178 NBFC Non Banking Finance Companies
179 NDA Net Domestic Asset
180 NDS Negotiated Dealing Systems
181 NDTL Net Demand And Time Liability
182 NECS National Electronic Clearing System
183 NEFT National Electronic Funds Transfer System.
184 NFA No Frills Account.
185 NFC Non Banking Finance Companies.
186 NFS National Financial Switch
187 NHB National Housing Bank.
188 NIB Nordic Investment Bank.
189 NPA Non Performing Assets.
190 NPCI National Payments Corporation Of India
191 NPS National Pensions Scheme.
192 NPV Net Present Value
193 NRE Non Resident External Account
194 NRI Non Resident Indian
195 NSE National Stock Exchange.
196 NSFDC National Scheduled Castes Finance And Development Corporation
197 OCB Overseas Corporate Bodies
198 ODIs Offshore/Overseas Derivative Instruments
199 OECD Organisation For Economic Cooperation And Development
200 OLTAS Online Tax Accounting System
201 OMO Open Market Operations
202 OTCEI Over the Counter Exchange Of India
203 OTP One-Time Password
204 PACS Primary Agricultural Credit Societies
205 PAN Permanent Account Number
206 PDO Public Debt Office
207 PFRDA Pension Fund Regulatory and Development Authority
208 PGS Payment Gateway System.
209 PIN Personal Identification Number
210 PIS Portfolio Investment Scheme
211 P-Notes Participatory Notes
212 POA Power of Attorney
213 PoS Point of Sale
214 PPF Public Provident Fund
215 PPIs Prepaid Payment Instruments
216 PRSF Partial Risk Sharing Facility
217 QIB Qualified Institutional Bankers
218 RBI Reserve Bank of India
219 RBS Royal Bank of Scotland.
220 RDBMS Relational Database Management System
221 RDDBFI Recovery of Debt due to Banks and Financial Institutions
222 REC Rural Electrification Corporation
223 RFC Resident Foreign Currency
224 RIDF Rural Infrastructure Development Fund
225 ROA Return On Assets
226 ROE Return On Equity
227 RRB Regional Rural Bank.
228 RTGS Real Time Gross Settlement System.
229 RWA Risk Weighted Assets
230 SARFAESI Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest
231 SBI State Bank of India
232 SCB Scheduled Commercial Bank
233 SCC Selective Credit Control.
234 SDBS Service Discharge Benefit Scheme
235 SDR Special Drawing Rights
236 SEBI Securities and Exchange Board of India
237 SEPA Single Euro Payment Area.
238 SFMS Structured Financial Messaging Services
239 SGB Sovereign Gold Bond
240 SHG Self Help Group
241 SIDBI Small Industries And Development Bank Of India.
242 SIDC State Industrial Development Corporation
243 SIFI Systematically Important Financial Intermediaries
240 Sip Systematic Investment Plans
241 SIPS Systemically Important Payment System
242 SJSRY Swarna Jayanthi Shahari Rozgar Yojana
243 SLR Statutory Reserve Ratio
244 SLRS Scheme for Liberation and Rehabilitation of Scavengers
245 SME Small and Medium Industries
246 SMERA SME Rating Agency of India Limited
247 SMILE SIDBI Make in India Loan for small Enterprises
248 SPNS Shared Payment Network System.
249 SSI Small Scale Industries
250 SSSBE Small Scale Service and Business Enterprises
251 SWIFT Society For World Wide Inter Bank Financial Telecommunication.
252 TDS Tax Deducted at Source
253 TIN Tax Information Network
254 UBIN Unique Business Identification Number
255 UCB Urban Cooperative Bank.
256 UCNs Uniform Code Numbers
257 UEBA Universal Electronic Bank Account.
258 UIDAI Unique Identification Authority of India
259 UPI Unified Payments Interface
260 UPIN Unique Property Identification Numbers.
261 USB Ultra Small Branch.
262 USD United States Dollar.
263 USSD Unstructured Supplementary Service Data
264 UTI Unit Trust of India
265 VDBS Vertically Differentiated Banking System.
266 VPA Virtual Payment Address
267 WBCIS Weather Based Crop Insurance Scheme.
268 WCTL Working Capital Term Loan
269 WL ATM White Label ATM.
270 WMA Ways and Means Advances
271 WPI Wholesale Price Index
272 YTM Yield to Maturity
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