Banking Abbreviations To Remember At Your Finger Tips


Banking Abbreviations

Banking tips to remember at your fingertips

AGM – Annual General Meeting

ATM – Automatic Teller Machine

AIRCSC – All India Rural Credit Survey Committee

Assocham – Associated Chambers of Commerce and Industry of India

BoP – Balance of Payments

CAD – Capital Account Deficit

CC – Cash Credit

CD – Certificate of Deposit

CRR – Cash Reserve Ratio

CSIR – Council of Scientific and Industrial Research

DBOD – Department of Banking Operations and Development

DD – Demand Draft

EPF – Employees Provident Fund

ECS – Electronic Clearing Scheme

EEA – Exchange Equal Account

EFT – Electronic Funds Transfer

FDI – Foreign Direct Investment

IFC – International Finance Corporation

IMF – International Monetary Fund

NABARD – National Bank for Agriculture and Rural Development

NPA – Non-Performing Assets


PRB – Primary Revenue Balance

RR – Revenue Receipts

SEBI – Securities and Exchange Board of India

ADR – American Depository Receipt

AFS – Available for sale

ACS – Automated Clearing System

BIS – Bank of International Settlements

Bot – Build, Operate and Transfer

BSR – Basic Statistical Return

CA – Chartered Accountant

CBS – Integrated Banking Statistics

CPI – Consumer Price Index

Car – Cash Adequacy Ratio

CSO – Central Statistical Organization

DCM – Currency Management Department, RBI

EXIM – Export of Import Bank of India

FCNRA – Foreign Currency Non-Resident Account

FII – Foreign Institutional Investors

GDR – Global Depository Receipt

IBS – International Banking Statistics

IFCI – Industrial Finance Corporation of India

NBC – Non-Banking Companies

NGO – Non-Governmental Organization

Public Enterprises – Public Sector Enterprises

PUC – Paid Capital

SIDBI – Small Industries Development Bank of India

VC – Venture Capital

Y-o-y – year on year

ACF – Auto Correlation Function

AFS – Annual Financial Statement

AMFI – Association of Mutual Funds in India

ALM – Asset Liability Management

BSBDA – Basic Savings Bank Deposit Account

BCSBI – Banking Code and Standards Board of India

CCEA – Cabinet Committee on Economic Affairs

CAD – Capital Account Deficit

CFRA – Joint Finance and Revenue Accounts

CRAR – capital to risk-weighted assets ratio

DTC – Direct Tax Code

DTAA – Double Taxation Avoidance Agreement

ECB – External Commercial Lending

EEFC – Exchange Earner’s Foreign Exchange

ETF – Exchange-Traded Fund

FERA – Foreign Exchange Regulation Act

FPI – Foreign Portfolio Investment

FIPB – Foreign Investment Promotion Board

FTA – Free Trade Agreement

IRR – Internal Rate of Return

KCC – Kisan Credit Card

MSF – Marginal Standing Facility

NAV – Net Asset Value

NEFT – National Electronic Fund Transfer

OTP – One Time Password

UIDAI – Unique Identification Authority of India

ADB – Asian Development Bank

BIFR – Board for Industrial and Financial Reconstruction

BPL – Below Poverty Line

CACP – Agricultural Costs and Prices Commission

CAR – Capital Adequacy Ratio

CST – Central Sales Tax

ECGC – Export Credit Guarantee Corporation of India

EDUSAT – Education Satellite

EMI – Equated Monthly Installment

EMS – European Monetary System

FRBM – Fiscal Responsibility and Budget Management

GST – Goods and Services Tax

IBRD – International Bank for Reconstruction and Development

IAAI – International Airport Authority of India

IADF – International Agricultural Development Fund

ICRA – Investment Information and Credit Rating Agency

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JNNURM – Jawaharlal Nehru National Urban Renewal Mission

KYC – Know Your Customer

MNREGA – Mahatma Gandhi National Rural Employment Guarantee Act

MIBOR – Mumbai Inter-Bank Offer Rate

NACH – National Automated Clearing House

NAFED – National Agricultural Cooperative Marketing Association

NDF – National Defense Fund

NFO – New Fund Offer

NSE – National Stock Exchange

NSFR – Net Stable Funding Ratio

SWIFT – Society for Worldwide Interbank Financial Telecommunication

TDS – Tax deducted at source

TIN – Tax Information Network

RIDF-Rural Infrastructure Development Fund


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