P

P

LORD JESUS CHRIST SAYS

The thief comes only to steal and kill and destroy; I have come that they may have life, and have it to the full. “I am the good shepherd. The good shepherd lays down his life for the sheep.

13 Mar 2019

FINANCIAL MANAGEMENT--List of Important Abbreviations used in Banking Industry/read and study-


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
Fiscal Responsibility and Budget Management Act, 2003
FSDC
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

No comments:

Post a Comment