Hello Readers, Banking Abbreviations are the most important topic to study in Banking Awareness if you are involved in preparation of any banking sector exams.
Two or more questions are asked in banking recruitment exams from this topic and thus Loud Study brings for you a list of Top 50 Most Asked Banking Abbreviations in Competitive Exams.
The abbreviations in this list are repeatedly asked in various competitive exams and thus you need to go through the list and try to remember it.
ABM - Assistant Branch Manager
AEPS - Aadhaar Enabled Payments Switch
AFS - Annual Financial Statement
AIF - Alternative Investment Fund
ALM - Asset Liability Management
AMFI - Association of Mutual Funds in India
APBS - Aadhaar Payment Bridge System
ANBC - Adjusted Net Bank Credit
ABEDA - Arab Bank for Economic Development in Africa
ALCO - Asset Liability Committee
ASBA - Application Supported Bank Account
ATM - Automated Teller Machine
BOP - Balance of Payments
BSE - Bombay Stock Exchange
BCBS - Basel Committee on Banking Supervision
BCSBI - Banking codes and standards board of India
BIRD - Bankers Institute of Rural Development
BIS - Bank for International Settlements
BPLR - Benchmark Prime Lending Rate
CASA - Current and Savings Account
COB - Corporation Bank
CAR - Capital Adequacy Ratio
CRR - Cash Reserve Ratio
CARE - Credit Analysis and Research Limited
CBS - Core Banking Solutions
CCEA - Cabinet Committee on Economic Affairs.
CRILC - Central Repository of Information on Large Credits
CDR - Corporate Debt Restructuring
CRISIL - Credit Rating Information Services Of India
CRMD - Credit Risk Management Department
CBLO - Collateralized Bank Lending Obligations
CDS - Credit Default Swap
CECA - Comprehensive Economic Cooperation Agreement
CEPA - Comprehensive Economic Partnership Agreement
CIBIL - Credit Information Bureau of India Limited
CRAR - Capital to Risk-weighted Assets Ratio
CRISIL - Credit Rating and Investment Services India Limited
Banking Abbreviations for Competitive Exams
DRAT - Debt Recovery Appellate Tribunal
DSCR - Debt Service Coverage Ratio
DPN - Demand Promissory Note
DPG - Deferred Payment Guarantee
DRI - Differential Rate of Interest
EADB - East African Development Bank
ECBs - External Commercial Borrowings
ECS - Electronic Clearing System
ELSS - Equity Linked Saving Scheme
EFTPOS - Electronic Funds Transfer At Point Of Sale
EEFC - Exchange Earners Foreign Currency
EDF - Export Development Fund
EPS - Earnings per Share
EPOS - Electronic Point Of Sale
EFT - Electronic Fund Transfer
EIB - European Investment Bank
EMI - Equated Monthly Installments
EXIM - Export Import Bank of India
EBRD - European Bank for Reconstruction and Development
FDI - Foreign Direct Investment
FCNRA - Foreign Currency Non-Resident Account
FIMMDA - Fixed Income Money Markets and Derivatives Association
FICCI - Federation of Indian Chambers of Commerce and Industry
FEMA - Foreign Exchange Management Act
FEDAI- Foreign Exchange Dealers Association of India
FERA - Foreign Exchange Regulation Act
FINO - Financial Inclusion Network Operation
FIPB - Foreign Investment Promotion Board
FPI - Foreign Portfolio Investment.
FRBMA - Fiscal Responsibility and Budget Management Act
FSLRC - Financial Sector Legislative Reforms Commission
FSRASC - Financial Sector Regulatory Appointment Search Committee
GDP - Gross Domestic Product
GIRO - Government Internal Revenue Order
GMS - Gold Monetization Scheme
GST - Goods and Service Tax
GSTN - Goods and Services Network
GNP - Gross National Product
Important Banking Abbreviations
HDFC - Housing Development Finance Corporation
IBA - Indian Bank Associations
ICA - Indian Council of Agricultural Research
IIB - International Investment Bank
ICICI - Industrial Credit and Investment Corporation of India
ICRA - Indian Credit Rating Agency
IRBI - Industrial Reconstruction Bank Of India
IPPB - India Post Payments Bank
IBRD - International Bank for Reconstruction and Development
IFSC - Indian Financial System Code
ISCI - International Standard Industrial Classification
IMPS - Immediate Payment Service
IMF - International Monetary Fund
IRDA - Insurance Regulatory and Development Authority of India
INFINET - Indian Financial Network
IROs - Interest Rate Options
KYC - Know Your Customer
KCC - Kisan Credit Card
KMB - Kotak Mahindra Bank
KVB - Karur Vysya Bank
KVP - Kisan Vikas Patra
KVIC - Khadi and Village Industries Corporation
LIBOR - London Inter-Bank Offered Rate
LERMS- Liberalized Exchange Rate Management System
LAB - Local Area Bank
LAF - Liquidity Adjustment Facility
LAMPS - Large Sized Adivasi Multipurpose Socities
LIC - Life Insurance Company
LTCG - Long Term Capital Gains
MICR - Magnetic Ink Character Recognition
MSF - Marginal Standing Facility
MIS - Management Information System
MSS - Market Stabilisation Scheme
MTN - Medium Term Note
MUDRA - Micro Units Development and Refinance Agency
NABARD - National Bank for Agriculture and Rural Development
NBFC - Non Banking Finance Companies
NDTL - Net Demand and Time Liabilities
NEFT - National Electronic Fund Transfer
NPA - Non-Performing Assets.
NDA - Net Domestic Asset
NDS - Negotiated Dealing Systems
NPCI - National Payments Corporation of India
OCB - Overseas Corporate Bodies
OMO - Open Market Operations
OLTAS - Online Tax Accounting System
OTCEI - Over the Counter Exchange of India
PIN - Personal Identification Number
PPP - Purchasing Power Parity/ Public Private Partnership
PFRDA - Pension Fund Regulatory and Development Authority
PIS - Portfolio Investment Scheme
PRSF - Partial Risk Sharing Facility
PACS - Primary Agricultural Credit Societies
PSB - Public Sector Bank
QIB - Qualified Institutional Bankers
RFC - Resident Foreign Currency
RTGS - Real Time Gross Settlement
ROA - Return On Investement
RBI - Reserve Bank of India
RRB - Regional Rural Bank
RIDF - Rural Infrastructure Development Fund
SCB - Scheduled Commercial Bank
SEBI - Securities and Exchange Board of India
SENSEX - Sensitive Index of Stock Exchange
SFMS - Structured Financial Messaging Services
SIDBI - Small Industries Development Bank of India
SLR - Statutory Liquidity Ratio
SLRS - Scheme for Liberation and Rehabilitiation of Scavengers
SIPS - Sysetemically Important Payment System
SPNS - Shared Payment Network System
SWIFT - Society for Worldwide Interbank Financial Telecommunication
TIN - Tax Information Network / Telephone Identification Number
UIDAI - Unique Identification Development Authority of India
UTI - Unit Trust of India
UPIN - Unique Property Identification Numbers
USSD - Unstructured Supplementary Service Data
UPI - United Payment Interface
WBCIS - Weather Based Crop Insurance Scheme
WCTL - Working Capital Term Loan
YTM - Yield To Maturity
ABM - Assistant Branch Manager
AEPS - Aadhaar Enabled Payments Switch
AFS - Annual Financial Statement
AIF - Alternative Investment Fund
ALM - Asset Liability Management
AMFI - Association of Mutual Funds in India
APBS - Aadhaar Payment Bridge System
ANBC - Adjusted Net Bank Credit
ABEDA - Arab Bank for Economic Development in Africa
ALCO - Asset Liability Committee
ASBA - Application Supported Bank Account
ATM - Automated Teller Machine
BOP - Balance of Payments
BSE - Bombay Stock Exchange
BCBS - Basel Committee on Banking Supervision
BCSBI - Banking codes and standards board of India
BIRD - Bankers Institute of Rural Development
BIS - Bank for International Settlements
BPLR - Benchmark Prime Lending Rate
CASA - Current and Savings Account
COB - Corporation Bank
CAR - Capital Adequacy Ratio
CRR - Cash Reserve Ratio
CARE - Credit Analysis and Research Limited
CBS - Core Banking Solutions
CCEA - Cabinet Committee on Economic Affairs.
CRILC - Central Repository of Information on Large Credits
CDR - Corporate Debt Restructuring
CRISIL - Credit Rating Information Services Of India
CRMD - Credit Risk Management Department
CBLO - Collateralized Bank Lending Obligations
CDS - Credit Default Swap
CECA - Comprehensive Economic Cooperation Agreement
CEPA - Comprehensive Economic Partnership Agreement
CIBIL - Credit Information Bureau of India Limited
CRAR - Capital to Risk-weighted Assets Ratio
CRISIL - Credit Rating and Investment Services India Limited
Banking Abbreviations for Competitive Exams
DRAT - Debt Recovery Appellate Tribunal
DSCR - Debt Service Coverage Ratio
DPN - Demand Promissory Note
DPG - Deferred Payment Guarantee
DRI - Differential Rate of Interest
EADB - East African Development Bank
ECBs - External Commercial Borrowings
ECS - Electronic Clearing System
ELSS - Equity Linked Saving Scheme
EFTPOS - Electronic Funds Transfer At Point Of Sale
EEFC - Exchange Earners Foreign Currency
EDF - Export Development Fund
EPS - Earnings per Share
EPOS - Electronic Point Of Sale
EFT - Electronic Fund Transfer
EIB - European Investment Bank
EMI - Equated Monthly Installments
EXIM - Export Import Bank of India
EBRD - European Bank for Reconstruction and Development
FDI - Foreign Direct Investment
FCNRA - Foreign Currency Non-Resident Account
FIMMDA - Fixed Income Money Markets and Derivatives Association
FICCI - Federation of Indian Chambers of Commerce and Industry
FEMA - Foreign Exchange Management Act
FEDAI- Foreign Exchange Dealers Association of India
FERA - Foreign Exchange Regulation Act
FINO - Financial Inclusion Network Operation
FIPB - Foreign Investment Promotion Board
FPI - Foreign Portfolio Investment.
FRBMA - Fiscal Responsibility and Budget Management Act
FSLRC - Financial Sector Legislative Reforms Commission
FSRASC - Financial Sector Regulatory Appointment Search Committee
GDP - Gross Domestic Product
GIRO - Government Internal Revenue Order
GMS - Gold Monetization Scheme
GST - Goods and Service Tax
GSTN - Goods and Services Network
GNP - Gross National Product
Important Banking Abbreviations
HDFC - Housing Development Finance Corporation
IBA - Indian Bank Associations
ICA - Indian Council of Agricultural Research
IIB - International Investment Bank
ICICI - Industrial Credit and Investment Corporation of India
ICRA - Indian Credit Rating Agency
IRBI - Industrial Reconstruction Bank Of India
IPPB - India Post Payments Bank
IBRD - International Bank for Reconstruction and Development
IFSC - Indian Financial System Code
ISCI - International Standard Industrial Classification
IMPS - Immediate Payment Service
IMF - International Monetary Fund
IRDA - Insurance Regulatory and Development Authority of India
INFINET - Indian Financial Network
IROs - Interest Rate Options
KYC - Know Your Customer
KCC - Kisan Credit Card
KMB - Kotak Mahindra Bank
KVB - Karur Vysya Bank
KVP - Kisan Vikas Patra
KVIC - Khadi and Village Industries Corporation
LIBOR - London Inter-Bank Offered Rate
LERMS- Liberalized Exchange Rate Management System
LAB - Local Area Bank
LAF - Liquidity Adjustment Facility
LAMPS - Large Sized Adivasi Multipurpose Socities
LIC - Life Insurance Company
LTCG - Long Term Capital Gains
MICR - Magnetic Ink Character Recognition
MSF - Marginal Standing Facility
MIS - Management Information System
MSS - Market Stabilisation Scheme
MTN - Medium Term Note
MUDRA - Micro Units Development and Refinance Agency
NABARD - National Bank for Agriculture and Rural Development
NBFC - Non Banking Finance Companies
NDTL - Net Demand and Time Liabilities
NEFT - National Electronic Fund Transfer
NPA - Non-Performing Assets.
NDA - Net Domestic Asset
NDS - Negotiated Dealing Systems
NPCI - National Payments Corporation of India
OCB - Overseas Corporate Bodies
OMO - Open Market Operations
OLTAS - Online Tax Accounting System
OTCEI - Over the Counter Exchange of India
PIN - Personal Identification Number
PPP - Purchasing Power Parity/ Public Private Partnership
PFRDA - Pension Fund Regulatory and Development Authority
PIS - Portfolio Investment Scheme
PRSF - Partial Risk Sharing Facility
PACS - Primary Agricultural Credit Societies
PSB - Public Sector Bank
QIB - Qualified Institutional Bankers
RFC - Resident Foreign Currency
RTGS - Real Time Gross Settlement
ROA - Return On Investement
RBI - Reserve Bank of India
RRB - Regional Rural Bank
RIDF - Rural Infrastructure Development Fund
SCB - Scheduled Commercial Bank
SEBI - Securities and Exchange Board of India
SENSEX - Sensitive Index of Stock Exchange
SFMS - Structured Financial Messaging Services
SIDBI - Small Industries Development Bank of India
SLR - Statutory Liquidity Ratio
SLRS - Scheme for Liberation and Rehabilitiation of Scavengers
SIPS - Sysetemically Important Payment System
SPNS - Shared Payment Network System
SWIFT - Society for Worldwide Interbank Financial Telecommunication
TIN - Tax Information Network / Telephone Identification Number
UIDAI - Unique Identification Development Authority of India
UTI - Unit Trust of India
UPIN - Unique Property Identification Numbers
USSD - Unstructured Supplementary Service Data
UPI - United Payment Interface
WBCIS - Weather Based Crop Insurance Scheme
WCTL - Working Capital Term Loan
YTM - Yield To Maturity
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