Pages

Sunday, 12 October 2014

List of Important Acronyms and Abbreviations associated with Banking Industry/Economy

Important Note : The acronyms/abbreviations denoted by (*) mark are important from the view of competitive exams  
*AEPS                  –              Aadhaar-Enabled Payments Switch
AIC                         –              Agricultural Insurance Company
AIDIS                     –              All India Debt and Investment Survey
*AMC                   –              Asset Management Company
AML                       –              Anti-Money Laundering
ANBC                    –              Adjusted Net Bank Credit
APO                       –              Army Post Office
*ATM                    –              Automated Teller Machine
*AUM                   –              Assets Under Management
*BBNL                   –              Bharat Broadband Network Limited
*BIS                       –              Bank of International Settlements
*BOO                    –              Build-Own-Operate
BR Act                   –              Banking Regulations Act, 1949
*BRIC                    –              Brazil, Russia, India, China
*BRICS                  –              Brazil, Russia, India, China, South Africa
*BSBDA                –              Basic Savings Bank Deposit Account
*CBS                      –              Core Banking Solutions
*CCI                       –              Competition Commission of India
*CEO                     –              Chief Executive Officer
*CERC                   –              Central Electricity Regulatory Commission
*CERSAI               –              Central Registry of Securitisation Asset Reconstruction and Security
*CGTMSE            –              Credit Guarantee Fund Trust for Micro and Small Enterprises
*CIBIL                   –              Credit Information Bureau Limited
CIC                         –              Core Investment Company
CICO                      –              Cash In Cash Out
*CMIE                   –              Centre for Monitoring Indian Economy
*CRR                     –              Cash Reserve Ratio
CSP                        –              Customer Service Point
*CWC                   –              Central Warehousing Corporation
*DBT                     –              Direct Benefit Transfer
DCCB                     –              District Central Cooperative Bank
D-NBFC                –              Deposit Taking NBFC
*ECB                      –              European Central Bank
EOD                       –              Economic Offenses Division
*EMC                    –              Expenditure Management Commission
*EPFO                   –              Employees’ Provident Fund Organisation
*ETF                      –              Exchange Traded Fund
*EU                        –              European Union
FATF                      –              Financial Action Task Force
*FCI                       –              Food Corporation of India
*FDI                       –              Foreign Direct Investment
*Fed.                    –              Federal Reserve (United States)
*FII                        –              Foreign Institutional Investors
FLC                         –              Financial Literacy Centre
*FMC                    –              Forward Markets Commission
FOS                        –              Financial Ombudsman Service
FSB                         –              Financial Stability Board
*FSLRC                                 –              Financial Sector Legislative Reforms Commission
FSP                         –              Financial Services Provider
*G2P                     –              Government to Person
*GBP                     –              Great Britain Pound
GCC                       –              General Credit Card
*GDP                    –              Gross Domestic Product
*GIC                      –              General Insurance Corporation of India
*GNPA                                 –              Gross NPA
*GOI                     –              Government of India
GPRS                     –              General Packet Radio Service
GRC                       –              Grievance Redressal Cell
HDBS                     –              Horizontally Differentiated Banking System
HFC                        –              Housing Finance Company
*HTM                   –              Held-to-Maturity
*IBA                      –              Indian Banks‘ Association
*IFC                       –              International Finance Corporation
IGIDR                    –              Indira Gandhi Institute of Development Research
*IIP                        –              Index of Industrial Production
*IMF                     –              International Monetary Fund
*IMPS                   –              Immediate Mobile Payment System
*IRDA                   –              Insurance Regulatory and Development Authority
*JNNURM           –              Jawaharlal Nehru National Urban Renewal Mission
*KCC                     –              Kisan Credit Card
*KGFS                   –              Kshetriya Gramin Financial Services
*KVP                     –              Kisan Vikas Patra
*KYC                     –              Know Your Customer
LAB                        –              Local Area Bank
*LIC                       –              Life Insurance Corporation of India
*LOLR                   –              Lender of Last Resort
*MCA                   –              Ministry of Corporate Affairs
*MFI                     –              Microfinance Institution
MMMF                                 –              Money Market Mutual Fund
MSB                       –              Money Service Business
*MSME                –              Micro, Small, and Medium Enterprises
*NABARD            –              National Bank for Agriculture and Rural Development
*NBFC                  –              Non-Banking Financial Company
*NCAER               –              National Council of Applied Economic Research
ND-NBFC             –              Non Deposit Taking NBFC
NDTL                     –              Net Demand and Time Liability
*NECS                   –              National Electronic Clearing Service
*NEFT                   –              National Electronic Funds Transfer
*NFA                     –              No-Frills Account
*NHB                    –              National Housing Bank
NOFN                    –              National Optical Fibre Network
*NPA                    –              Non-Performing Asset
*NPS                     –              National Pensions Scheme
*NREGA               –              National Rural Employment Guarantee Act, 2005
*NSSO                  –              National Sample Survey Organisation
*OTP                     –              One-Time-Password
PACS                     –              Primary Agricultural Cooperative Society
*PFRDA                –              Pension Fund Regulatory and Development Authority
*PMEAC              -              Prime Minister’s Economic Advisory Council
PNO                       –              Payment Network Operator
*POA                    –              Proof of Address
*POI                      –              Proof of Identity
*PoP                     –              Point of Purchase
*POS                     –              Point of Sale
PPI                         –              Pre-Paid Instrument Issuer
*PPP                     –              Public Private Partnership
PSD                        –              Payment Services Directive
PSL                         –              Priority Sector Lending
*QIB                      –              Qualified Institutional Buyer
RAROC                 –              Risk Adjusted Return on Capital
*RBI                       –              Reserve Bank of India
RBS                        –              Risk Based Supervision
RBS                        –              Royal Bank of Scotland
RGS                        –              Rural Godown Scheme
RIDF                       –              Rural Infrastructure Development Fund
*RRB                     –              Regional Rural Bank
*RTGS                   –              Real Time Gross Settlement Service
*SARFAESI          –              Securitisation and Reconstruction of Financial Assets and Enforcement
of Security Interest Act
*SAT                      –              Securities Appellate Tribunal
*SBI                       –              State Bank of India
*SCB                      –              Scheduled Commercial Bank
SCORES                –              SEBI Complaints Redress System
*SEBI                     –              Securities and Exchange Board of India
*SFIO                    –              Serious Fraud Investigation Office
SFRC                      –              State Finance Regulatory Commission
*SHG                    –              Self-Help Group
*SIDBI                   –              Small Industrial Development Bank of India
SIFI                         –              Systemically Important Financial Institution
*SIV                       –              Special Investment Vehicles
*SLR                      –              Statutory Liquidity Ratio
*SMS                    –              Short Message Service
*SPV                     –              Special Purpose Vehicle
*SWC                    –              State Warehousing Corporation
*TARC                   –              Tax Administration Reform Commission
TCF                         –              Treating Customers Fairly
*TRAI                    –              Telecom Regulatory Authority of India
*UCB                     –              Urban Cooperative Bank
*UEBA                  –              Universal Electronic Bank Account
*UIDAI                 –              Unique Identification Authority of India
*ULIP                    –              Unit-Linked Insurance Policies
*UPIN                   –              Unique Property Identification Numbers
USB                        –              Ultra-Small Branch
USD                       –              United States Dollar
VDBS                     –              Vertically Differentiated Banking System
WBCIS                  –              Weather Based Crop Insurance Scheme
*WL-ATM           –              White Label ATM
*WPI                     –              Wholesale Price Index

No comments:

Post a Comment