Banking abbreviations are useful to are eagerly waiting to do jobs like RBI, SBI PO exam, IBPS PO exam, IBPS RRB, and other Bank exams will have to tackle questions from this section.
A list of Important Banking Abbreviations is given below:
Terms | Banking Abbreviations |
ATM | Automated Teller Machine |
DI | Direct Investments |
DICGC | Deposit Insurance and Credit Guarantee Corporation of India |
DID | Discharge of Internal Debt |
DMA | Departmentalized Ministries Account |
DRI | Differential Rate of Interest Scheme |
DSBB | Dissemination Standards Bulletin Board |
DVP | Delivery Versus Payment |
ECB | External Commercial Borrowing |
ECB | European Central Bank |
ECGC | Export Credit and Guarantee Corporation |
ECS | Electronic Clearing Scheme |
EDMU | External Debt Management Unit |
EEA | Exchange Equalization Account |
EEC | European Economic Community |
EEFC | Exchange Earners Foreign Currency |
EFR | Exchange Fluctuation Reserve |
EXIM Bank | Export-Import Bank of India |
FCA | Foreign Currency Assets |
FCCB | Foreign Currency Convertible Bond |
FCNRB(B) | Foreign Currency Non- resident (Banks) |
FCNRA | Foreign Currency Non-Resident Account |
FCNRD | Foreign Currency Non-Repatriable Deposit |
FDI | Foreign Direct Investment |
FEMA | Foreign Exchange Management Act |
FI | Financial Institution |
FICCI | Federation of Indian Chambers of Commerce and Industry |
FII | Foreign Institutional Investor |
FIMMDA | Fixed Income Money Market and Derivatives Association of India |
FISIM | Financial Intermediation Services Indirectly Measured |
FLAS | Foreign Liabilities and Assets Survey |
FOF | Flow of Funds |
FPI | Foreign Portfolio Investment |
FRA | Forward Rate Agreement |
FRN | Floating Rate Note |
GDP | Gross Domestic Product |
GDR | Global Depository Receipt |
G-Sec | Government Securities |
IBRD | International Bank for Reconstruction and Development |
IDRBT | Institute for Development and Research in Banking Technology |
IEPF | Investors Education and Protection Fund |
IFSC | Indian Financial System Code |
IFC | Indian Financial Corporation |
IFCI | Industrial Finance Corporation of India |
IIBF | International Institute of Banking and Finance |
IIBI | Industrial Investment Bank of India |
IFC | International Finance Corporation |
IFR | Investment Fluctuation Reserve |
IIP | Index of Industrial Production |
IMF | International Monetary Fund |
IP | Interest Payment |
ISDA | International Swaps and Derivative Association |
ISO | International Standards Organisation |
KYC | Know Your Customer |
KVP | Kissan Vikas Patra |
KVIC | Khadi and Village Industries Corporation |
LAF | Liquidity Adjustment Facility |
LAS | Loans and Advances by States |
LDB | Land Development Bank |
LERMS | Liberalized Exchange Rate Management System |
M1 | Narrow Money |
M3 | Broad Money |
MA | Moving Average |
MCA | Ministry of Corporate Affairs |
MIGA | Multilateral Investment Guarantee Agency |
MSS | Market Stabilisation Scheme |
NABARD | National Bank for Agriculture and Rural Development |
NBFC | Non-Banking Financial Companies |
NEC | Not Elsewhere Classified |
NEER | Nominal Effective Exchange Rate |
NFA | Non-Foreign Exchange Assets |
NFD | Net Fiscal Deficit |
NHB | National Housing Bank |
NIF | Note Issuance Facility |
NPA | Non Performing Assets |
NPV | Net Present Value |
NSSF | National Small Savings Fund |
OD | Over Draft |
OECD | Organization for Economic Cooperation and Development |
OLTAS | Online Tax Accounting System |
PACS | Primary Agriculture Credit Societies |
PD | Primary Deficit |
RD | Revenue Deficit |
RE | Revenue Expenditure |
REER | Real Effective Exchange Rate |
RIB | Resurgent India Bonds |
RLA | Recoveries of Loans and Advancements |
RTC | Repayment of Loans to Centre |
RoC’s | Registrars of Companies |
RR | Revenue Receipts |
RRB | Regional Rural Bank |
RTP | Reserve Tranche Position |
RUF | Revolving Underwriting Facility |
RWA | Risk-Weighted Asset |
SCARDB | State Co-operative Agriculture and Rural Development Bank |
SCB | State Co-operative Bank |
SCB | Scheduled Commerical Bank |
SDDS | Special Data Dissemination Standards |
SDR | Special Drawing Right |
SEBI | Securities Exchange Board of India |
SFC | State Financial Corporation |
SIDBI | Small Industries Development Bank of India |
SIDC | State Industrial Development Corporation |
SLR | Statutory Liquidity Ratio |
SMG | Standing Monitoring Group |
SNA | System of National Accounts |
TB’s | Treasury Bills |
TC | Temporary Change |
TT | Telegraphic Transfer |
UCN | Uniform Code Number |
UTI | Unit Trust of India |
WPI | Wholesale Price Index |
YTM | Yield to Maturity |