Useful Banking Related Terms for Exam

Some Important Banking Fullforms for Exam
  • ADB: Asian Development Bank
  • ADR: American Depositary Receipt
  • AIDWA: All India Democratic Woman’s Association
  • AITUC: All India Trade Union Congress


  • AMFI: Association of Mutual Funds in India
  • APEC: Asia-Pacific Economic Cooperation
  • APL: Above Poverty Line
  • APM: Administered Pricing Mechanism
  • ARC: Asset Reconstruction Company
  • ARDR: Agricultural and Rural Debt Relief
  • ASBA: Application Supported by Block Amount
  • ASEAN: Association of South-East Asian Nations
  • ASEM: Asia-Europe Meeting
  • ASSOCHAM: Associated Chambers of Commerce and Industry
  • ATM: Automatic Teller Machine
  • BIFR: Board of Industrial and Financial Reconstruction
  • BCBS: Basel committee for Banking Supervision
  • BCSBI: Banking Codes and Standards Board of India
  • BIS: Bureau of Indian Standards
  • BOLT: BSE On-Line Trading (System)
  • BOT: Build, Operate and Transfer
  • BPL: Below Poverty Line
  • BPO: Business Process Outsourcing
  • BSE: Bombay Stock Exchange
  • CA: Chartered Accountant
  • CABE: Central Advisory Board of Education
  • CACP: Commission of Agriculture Cost and Price
  • C & AG: Comptroller & Auditor General
  • CAMELS: C – Capital adequacy, A – Asset quality, M – Management quality, E – Earnings, L – Liquidity, S – Sensitivity to Market Risk
  • CAPART: Council for People’s Action and Advancement of Rural Technology
  • CAR: Capital adequacy ratio
  • CARE: Credit Analysis & Research Ltd.
  • CBS: Core banking solution
  • CCI: Competition Commission of India
  • CCIL: Clearing Corporation of India limited
  • CDSL: Central Securities Depository Limited
  • CECA: Comprehensive Economic Cooperation Agreement
  • CEPA: Comprehensive Economic Partnership Agreement
  • CIBIL: Credit Information Bureau (India) Ltd
  • CII: Confederation of Indian Industry
  • CIS: Commonwealth of Independent States
  • CHOGM: Commonwealth Heads of Government Meeting
  • CITES: Convention on International Trade in Endangered Species
  • CITU: Centre Of Indian Trade Unions
  • CMP: Common Minimum Program
  • CPI (UNME): The Consumer Price Index for Urban Non-Manual Employees.
  • CPI (IW): Consumer Price Index for Industrial Workers
  • CPI (AL): Consumer Price Index for Agricultural Labors.
  • CPI (RL): Consumer Price Index for Rural Labourers
  • CRAR: Capital to Risk (Weighted) Assets Ratio
  • CRISIL: Credit Rating Information Services of India Limited
  • CRR: Cash Reserve Ratio
  • CSIR: Council of Scientific and Industrial Research
  • CST: Central Sales Tax
  • CTT: Commodities Transaction Tax
  • DA: Dearness Allowance; Daily Allowance
  • DMIC: Delhi-Mumbai Industrial Corridor
  • DPEP: District Primary Education Program
  • ECA: Essential Commodity Act
  • ECB: External Commercial Borrowings
  • ECS: Electronic clearing system
  • EDUSAT: Education Satellite
  • EEE: Exempt Exempt Exempt
  • EET: Exempt Exempt Taxation
  • EFA: Education for All
  • EFT: Electronic fund transfer
  • EEFC Accounts: Exchange Earners Foreign Currency Account
  • EGOM: Empowered Group of Ministers
  • EMI: Equated Monthly Installment
  • EMS: European Monetary System
  • : Educational and Research Network
  • ESA: European Space Agency
  • ESCAP: Economic and Social Commission for Asia and Pacify
  • ESMA: Essential Services Maintenance Act
  • ESOP: Employee Stock Option Program
  • EU: European Union
  • FAO: Food and Agriculture Organization
  • FCCB: Foreign Currency Convertible Bond
  • FCNR: Foreign Currency (Non-Resident) Accounts Scheme
  • EPF: Employees Provident Fund
  • EPFO: Employees Provident Fund Organization
  • FDI: Foreign Direct Investment
  • FEMA: Foreign Exchange Management Act
  • FERA: Foreign Exchange Regulations Act
  • FICCI: Federation of Indian Chambers Of Commerce and Industry
  • FII: Foreign Institutional Investors
  • FIPB: Foreign Investment Promotion Board (Of India)
  • FMCG: Fast Moving Consumer Goods
  • FPO: Follow on Public Offer
  • FRBM: Fiscal Responsibility And Budget Management
  • FSSA: Food Safety And Standards Authority (Of India)
  • FTA: Free Trade Area
  • GATT: General Agreement On Tariffs And Trade
  • GCC: Gulf Cooperation Council
  • GDP: Gross Domestic Product
  • GDR: Global Depositary Receipt
  • GEF: Global Environment Fund
  • GIC: General Insurance Corporation
  • GNP: Gross National Product
  • GST: Goods and Service Tax
  • HDFC: Housing Development Finance Corporation Limited
  • HDI: Human Development Index
  • HSBC: Hong Kong and Shanghai Banking Corporation Limited
  • HUDCO: Housing And Urban Development Corporation
  • IAAI: International Airport Authority Of India
  • IAAS: Indian Audit and Accounts Service
  • IADF: International Agricultural Development Fund
  • IAEA: International Atomic Energy Agency
  • IAEA: International Atomic Energy Agency
  • IASB: The International Accounting Standards Board
  • IBRD: International Bank for Reconstruction And Development
  • ICAI:  Institute of Chartered Accountants of India
  • ICAR: Indian Council of Agricultural Research
  • ICCW: Indian Council for Child Welfare
  • ICDS: Integrated Child Development Service
  • ICMR: Indian Council of Medical Research
  • ICICI: Industrial Credit and Investment Corporation of India
  • ICOR: Incremental capital output ratio
  • ICRC: International Committee of Red Cross
  • IDA: International Development Association
  • ICRA: Investment information and Credit Rating Agency
  • IES: Indian Economic Service
  • IEX: Indian Energy Exchange
  • IFRS: International Financial Reporting Standard
  • IFSC: Indian financial system code
  • IFTU: International Federation of Trade Unions
  • IFWJ: Indian Federation of Working Journalists
  • IIP: The Index of Industrial Production
  • IIPA: Indian Institute of Public Administration
  • IISS: International Institute of Strategic Studies
  • ILO: International Labor Organization
  • IMF: International Monetary Fund
  • IMO: International Maritime Organization
  • IDR: Indian Depository Receipts
  • IDBI: Industrial Development Bank of India
  • IMF: International monetary fund
  • IMRB: Indian Market Research Bureau
  • INMARSAT: International Maritime Satellite Organization
  • INTERPOL: International Police Organization
  • INTUC: Indian National Trade Union Congress
  • IOC: International Olympic Committee
  • IPCC: Intergovernmental Panel on Climate Change
  • IPEC: International Program on Elimination Of Child Labor
  • IPO: Initial public offer
  • IPR: Intellectual Property Right
  • IRDA: Insurance Regulatory and Development Authority
  • IREP: Integrated Rural Energy Planning
  • ISO: International Standardization Organization
  • ISS: International Space Station
  • ITDC: Indian Tourism Development Corporation
  • ITO: International Trade Organization; Income-Tax Officer
  • ITU: International Tele-Communication Union
  • JNNURM: Jawaharlal Nehru National Urban Renewal Mission
  • KPO: Knowledge Process Outsourcing
  • KYC: Know your customer
  • LDC: Least Developed Countries
  • LIBOR: London Inter-Bank Offer Rate
  • LIC: Life Insurance Corporation (Of India)
  • LLP: Limited Liability Partnership
  • MAT: Minimum Alternative Tax
  • MAIT: Manufacturers’ Association for Information Technology
  • MCAP: Market capitalization / Mid cap
  • MDG: Millennium development goals
  • MEP: Minimum Export Price
  • MFA: Multi-Fiber Agreement
  • MFI: Micro finance institution
  • MFIN: Micro finance institution network
  • MFN: Most Favored Nation
  • MIBOR: Mumbai Interbank offer rate
  • MIN: Mutual fund identification no.
  • MNC: Multi-National Corporation
  • MRTPC: Monopolies and Restrictive Trade Practices Commission
  • MRTS: Mass Rapid Transit System
  • MSME: Micro Small and Medium Enterprises
  • MSP: Minimum support price
  • MTO: Multilateral Trade Organization
  • NABARD: National Bank for Agriculture and Rural Development.
  • NAEP: National Adult Education Program
  • NAFED: National Agricultural Cooperative Marketing Federation of India Ltd
  • NAFTA: North America Free Trade Agreement
  • NAM: Non-Aligned Movement
  • NAMA: Non-Agriculture Market Access
  • NASDAQ: National Association of Securities Dealers Automated Quotation
  • NATO: North Atlantic Treaty Organization
  • NAV: Net Asset Value
  • NBFC: Non Banking Finance Companies
  • NCAER: National Council Of Applied Economic Research
  • NCERT: National Council Of Education Research And Training
  • NCPCR: National Commission for Protection of Child Rights
  • NDC:  National Development Council
  • NEFT: National Electronic Fund Transfer
  • NEGP: National E-Governance Plan
  • NEP: National Education Policy
  • NFO: New Fund Offers
  • NHAI: National Highways Authority of India
  • NHDP: National Highways Development Project
  • NHRC: National Human Rights Commission
  • NIFT: National Institute of Fashion Technology
  • NIO: National Institute of Oceanography
  • NLMA: National Literacy Mission Authority
  • NMDC: National Mineral Development Corporation
  • NNP: Net National Production
  • NPA: Non Performing Asset
  • NPR: National Population Register
  • MGNREGA: National Rural Employment Guarantee Act
  • NSE: National Stock Exchange
  • NSDL: National Securities Depository Limited
  • NSE: National Stock Exchange
  • NSSO: National Sample Survey Organization
  • NTPC: National Thermal Power Corporation
  • ODA: Official Development Assistance
  • OECD: Organization of Economic Co-Operation and Development
  • OGL: Open General License
  • OIC: Organization of Islamic Countries
  • OIL: Oil India Limited
  • OMCS: Oil Marketing Companies
  • ONGC: Oil And Natural Gas Commission
  • OPEC: Organization Of Petroleum Exporting Countries
  • OSCE: Organization For Security And Cooperation In Europe
  • PAC: Public Accounts Committee
  • PAN: Permanent Account Number (Of Income-Tax)
  • PATA: Pacific-Asia Travel Association
  • PCI: Per capita income
  • PDS: Public Distribution System
  • PIL: Public Interest Litigation
  • PIO: Persons Of Indian Origin
  • PN: Participatory Note
  • POP: Point Of Purchase
  • PPF: Public Provident Fund
  • PPP: Public private partnership / Purchasing power parity
  • PTA: Preferential Trade Area
  • PURA: Providing urban amenities in rural areas
  • QIB: Qualified Institutional Buyer
  • QIP: Qualified Institutional Placement
  • QR: Quantitative Restriction
  • RBI: Reserve Bank Of India
  • RIDF: Rural infrastructure development fund
  • RRB: Regional Rural Bank
  • RRPI: Rural Retail Price Index
  • RTGS: Real Time Gross Settlement System
  • SAARC: South Asian Association for Regional Co-Operation
  • SAFTA: South Asian Free Trade Area
  • SAIL: Steel Authority of India Limited
  • SAPTA: SAARC Preferential Trading Agreement
  • SARFAESI ACT: The Securitization and Reconstruction of Financial Assets and
  • Enforcement of Security Interest Act, 2002
  • SCO: Shanghai Cooperation Organization
  • SIDBI: Small Industries Development Bank of India
  • SDR: Special Drawing RightsSEBI: Securities And Exchange Board Of India
  • SEZ: Special Economic Zone
  • SEWA: Self employed woman’s association
  • SCOPE: Standing Conference On Public Enterprises
  • SLR: Statutory Liquidity Ratio
  • STT: Securities Transaction TaxSWIFT: Society for Worldwide Financial
  • Telecommunications, TDS: Tax Deduction at Source
  • TIFR: Tata Institute Of Fundamental Research
  • TIN: Tax Information Network
  • TINXSYS: Tax Information Exchange SystemTISCO: Tata Iron and Steel Company
  • TPDS: Targeted Public Distribution System
  • TRAI: Telecom Regulatory Authority Of India
  • TRIMS: Trade Related Investment Measures
  • TRIPS: Trade Related Intellectual Property Rights
  • TRYSEM: Training Of Rural Youth For Self Employment
  • UN: United Nations
  • UNCTAD: United Nations Conference On Trade And Development
  • UNDP: United Nations Development Program
  • UNEF: United Nations Emergency Force
  • UNEP: United Nations Environment Program
  • UNESCO: United Nations Educational, Scientific And Cultural Organization
  • UNFCCC: United nation framework convention on climate change
  • UNFPO: United Nations Fund For Population Activities
  • UNHCR: United Nations High Commissioner For Refugees
  • UNHRC: United Nations Human Rights Commission
  • UNICEF: United Nations International Children’s (Emergency) Fund
  • UNIDO: United Nations Industrial Development Organization
  • UNRRA: United Nations Relief And Rehabilitation Administration
  • VAT: Value-Added Tax
  • VDIS: Voluntary Disclosure Of Income Scheme
  • VRS: Voluntary Retirement Scheme
  • WEF: World Economic Forum
  • WFP: World Food Program
  • WHO: World Health Organization
  • WIPO: World Intellectual Property Organization