Important Full Forms and Abbreviations for Banking Exams

Important Full Forms and Abbreviations for Banking Exams

A

• A&L = Assets & Liabilities
• ADA = Aeronautical Development Agency
• ADB = Asian Development Bank
• ADF = Automated Data Flow
• ADR = American Depositary Receipts
• AER = Annual Equivalent Rate
• AFSPA = Armed Forces Special Power Act
• AIBOA = All India Bank Officers’ Association
• AIIB = Asian Infrastructure Investment Bank
• ALM = Asset Liability Management
• AMC = Asset Management Company
• AMFI = Association of Mutual Funds of India
• AMRUT = Atal innovation Mission for Rejuvenation and Urban Transformation
• APEC = Asia-Pacific Economic Co-operation
• APEDA = Agricultural and Processed Foods Export Development Authority
• ARC = Asset Reconstruction Company
• ARDC = Agriculture Finance & Development Corporation
• ASBA = Applications Supported by Blocked Amount
• ASEAN = Association of South-East Nations
• ASSOCHAM = Associated Chambers of Commerce and Industry of India

B

• BBB = Bank Board Bureau
• BCBS = Basel Committee on Banking Supervision
• BCCI = Board of Control for Cricket in India
• BCSBI = Banking Codes and Standards Board of India
• BEE = Bureau of Energy Efficiency
• BFS = Board for Financial Supervision
• BIRD = Bankers’ Institute of Rural Development
• BIS = Bank for International Settlements
• BoP = Balance of Payment
• BoT = Balance of Trade
• BOT = Build-Operate-Transfer
• BPLR = Benchmark Prime Lending Rate
• BPO = Business Process Outsourcing
• BRICS = Britain Russia India China South Africa
• BRPSE = Board for Reconstruction of Public Sector Enterprises
• BSE = Bombay Stock Exchange
• BSF = Border Security Force

C

• CAC = Capital Account Convertibility
• CAD = Capital Account Deficit
• CAG = Comptroller and Auditor General
• CAMELS = Capital adequacy Assets quality Management capability Earnings Liquidity Sensitivity to market risk
• CAPART = Council for the Advancement of People’s Action and Rural Technology
• CAR = Capital Adequacy Ratio
• CASA = Current Account Savings Account
• CBDT = Central Board of Direct Taxes
• CBS = Core Banking Solutions
• CCB = Central Co-operative Bank
• CCEA = Cabinet Committee on Economic Affairs
• CD = Certificate of Deposit
• CDP = Community Development Programme
• CDR = Cash Deposit Ratio
• CDR = Cash Deposit Restructuring
• CDR = Corporate Debt Restructuring
• CERN = European Organisation for Nuclear Research (In French: ‘Conseil Europeen pour la Recherche Nucleaire’)
• CGC = Credit Guarantee Corporation
• CIBIL = Credit Rating and Information Services of India
• CII = Confederation of Indian Industry
• CLR = Central Liquid Reserve
• CNG = Compressed Natural Gas
• COMPAT = Competition Appellate Tribunal
• CP = Commercial Paper
• CPI = Consumer Price Index
• CR = Capital Receipts
• CRAR = Capital to Risk weighted Assets Ratio
• CRISIL = Credit Information Bureau India Limited
• CRPF = Central Reserve Police Force
• CRR = Cash Reserve Ratio
• CSDL= Central Securities Depositary Limited
• CSIR = Council on Scientific and Industrial Research
• CSO = Central Statistical Organization
• CSR = Corporate Social Responsibility
• CTS = Cheque Truncation System
• CVC= Chief Vigilance Commission
• CVD = Counter Vailing Duties
• CVV = Card Verification Value
• CWS Unemployment = Current Weekly Status Unemployment

D

• DAP = Development Action Plan
• DARPA = Defence Advance Research Project Agency
• DBTL = Direct Benefit Transfer of LPG
• DD = Demand Draft
• DDP = Desert Development Programme
• DELP = Domestic Efficient Lightning Programme
• DGCA = Directorate General of Civil Aviation
• DICGC = Deposit Insurance Credit Guarantee Corporation
• DPAP = Drought Prone Areas Programme
• DRDO = Defence Research & Development Organisation
• DTAA = Double Taxation Avoidance Agreement
• DTC = Direct Taxes Code

E

• EBT = Electronic Benefit Transfer
• ECB = External Commercial Borrowing
• ECGC = Export Credit Guarantee Corporation
• ECS = Electronic Clearing System
• EEFC = Exchange Earners’ Foreign Currency
• EEU = Eurasian Economic Union
• EFT = Electronic Fund Transfer
• EME = Emerging Market Economies
• EMI = Equated Monthly Instalment
• EPFO = Employees Provident Fund Organization
• EPS = Earnings Per Share
• ESCAP = Economic and Social Commission for Asia and Pacific
• ESCAP = Economic and Social Commission for Asia and the Pacific
• ESOP = Employee Stock Option Plan
• EXIM = Export Import Bank of India

F

• FAO = Food & Agriculture Organisation
• FATF = Financial Action Task Force
• FCA = Foreign Currency Assets
• FCCB = Foreign Currency Convertible Board
• FCNR(B) = Foreign Currency Non-resident (Banks)
• FCNRA = Foreign Currency Non-resident Account
• FCNRD = Foreign Currency Non-Repatriable Deposit
• FD = Fiscal Deficit
• FDIs = Foreign Direct Investment
• FEMA =Foreign Exchange Management Act
• FERA = Foreign Exchange Regulations Act
• FICCI = Federation of Indian Chambers of Commerce and Industry
• FIIs = Foreign Institutional Investors
• FIMMDA = Fixed Income Money Market and Derivatives Association of India
• FINO = Financial Information Network and Operation Limited
• FIPR = Foreign Investment Promotion Board
• FMC = Forward Market Commission
• FOREX = Foreign Exchange
• FPIs = Foreign Portfolio Investors
• FPO = Follow-On Public Offer/ Further Public Offer
• FRBMA = Fiscal Responsibility and Budget Management Act
• FRS = Fellow of Royal Society
• FTO= Free Trade Organization
• FTP = Funds Transfer Pricing

G

• GAAR = General Anti-Avoidance Rule
• GAGAN = GPS Aided Geo Augmented Navigation
• GATT = General Agreements on Tariff and Trade
• GDP = Gross Development Product
• GDR = Global Depositary Receipts
• GDR = Global Depositary Receipts
• GDS = Gramin Dak Sevaks
• GFD = Gross Fiscal Deficit
• GIFT = Gujarat International Finance-Tec City
• GNP = Gross National Product
• GPD = Gross Primary Deficit
• GPF = General Provident Fund
• GSLV = Geosynchronous Satellite Launch Vehicle
• GST = Goods & Services Tax

H

• HDFC = Housing Development Finance Corporation
• HDI = Human Development Index
• HDR = Human Development Report
• HRIDAY = Heritage Development and Augmentation Yojana
• HSBC = Hong Kong & Shanghai Banking Corporation
• HUDCO = Housing & Urban Development Corporation

I

• IAAF = International Association of Athletics Federation
• IAEA = International Atomic Energy Agency
• IAF = India Aspiration Fund
• IBA = Indian Bankers’ Association
• IBRD = International Bank for Reconstruction and Development
• IBRD = International Bank for Reconstruction and Development
• IBSA = India Brazil South Africa
• ICC = International Cricket Council
• ICICI = Industrial Credit and Investment Corporation of India
• ICJ = International Court of Justice
• ICSID = International Centre of Settlement for Investment Disputes
• IDA = International Development Association
• IDBI = Industrial Development Bank of India
• IDFC = Infrastructure Development Finance Company
• IDFC = Infrastructure Development Finance Company
• IDR= Indian Depositary Receipts
• IFAD = International Fund for Agriculture Development
• IFC = International Finance Corporation
• IFCI = Industrial Finance Corporation of India
• IFSC = Indian Financial System Code
• ILO = International Labour Organization
• IMF = International Monetary Fund
• IMPS = Inter-Bank Mobile Payment Service
• IMT = Instant Money Transfer
• INTERPOL = International Police
• IOA = Indian Olympic Association
• IOC = International Olympic Committee
• IPO = Initial Public Offer
• IRDAI = Insurance Regulatory and Development Authority of India
• IRDP = Integrated Rural Development Programme
• ISM = Indian School of Mines
• ISRO = Indian Space Research Organisation
• ITBP = Indo-Tibetan Border Police
• ITP = Institutional Trading Platform
• IWDP = Integrated Wasteland Development Programme

J

• JAM Yojna = Jan Dhan – Aadhar- Mobile
• JNNURM = Jawaharlal Nehru National Urban Renewal Mission

K

• KCC = Kisan Credit Card
• KPO = Knowledge Process Outsourcing
• KVIC = Khadi & Village Industries Corporation
• KVP = Kisan Vikas Patra
• KYC = Know Your Customer

L

• LAB = Local Area Banks
• LAF = Liquidity Adjustment Facility
• LCA = Light Combat Aircraft
• LERMS = Liberalised Exchange Rate Management System
• LIBOR = London Interbank Offered Rate
• LLP = Limited Liability Partnership
• LNG = Liquefied Natural Gas
• LPG = Liquefied Petroleum Gas
• LTN = Long Term Note

M

• MAST = Multi Application Solar Telescope
• MAT = Minimum Alternate Tax
• MFI = Micro Finance Institutions
• MGNREGA = Mahatma Gandhi National Rural Employment Guarantee Act
• MIGA = Multilateral Investment Guarantee Agency
• MNP = Minimum Needs Programme
• MPEDA = Marine Products Export Development Authority
• MSE = Micro & Small Enterprises
• MSF = Marginal Standing Facility
• MSP = Minimum Support Price
• MTN = Medium Term Note
• MUDRA = Micro Unit Development Refinance Agency
• MZM = Money of Zero Maturity

N

• NABARD = National Bank of Agriculture & Rural Development
• NACAS = National Accounting Council on Accounting Standards
• NADA = National Anti-Doping Agency
• NAFTA = North Atlantic Free Trade Agreement
• NAMA = Non-Agricultural Market Access
• NASDAQ = National Association of Securities Dealers Automated Quotations
• NASSCOM = National Association of Software and Services Companies
• NATO = National Atlantic Treaty Organization
• NAV = Net Asset Value
• NBFC = Non-Banking Financial Corporation
• NCDEX = National Commodities & Derivatives Exchange Limited
• NCTI = National Centre for Trade Information
• NDB = New Development Bank
• NDC = National Development Council
• NDTL = Net-Demand and Time Liabilities
• NEER = Nominal Effective Exchange Rate
• NEFT = National Electronics Fund Transfer
• NELP = New Exploration and Licensing Policy
• NER = North Bengal North Eastern Region
• NFD = Net Fiscal Deficit
• NGT = National Green Tribunal
• NHB = National Housing Bank
• NIBM = National Institute of Bank Management
• NIC = Nuclear Insurance Pool
• NIM = New Issue Market
• NITI = National Institution for Transforming India
• NOW = Negotiable Orders or Withdrawals
• NPA = Non-Performing Assets
• NPCI = National Payment Corporation of India
• NPD = Net Primary Deficit
• NPS = National Pension Scheme
• NREP = National Rural Employment Program
• NRLP = National Rural Livelihood Projects
• NSDC = National Skills Development Corporation
• NSDL = National Securities Depositary Limited
• NSE = National Stock Exchange
• NSM = National Supercomputing Mission
• NSSF = National Small Savings Fund
• NSSO = National Sample Survey Organisation
• NTDL = Net Demand and Time Liabilities
• NTRP = Non-Tax Receipt Portal

O

• OBC = Oriental Bank of Commerce
• OD = Over Draft
• OECD = Organisation for Economic Co-Operation & Development
• OMO = Open Market Operation
• ONGC = Oil & Natural Gas Commission
• OPEC = Organisation of Petroleum Exporting Countries

P

• PAC = Public Accounts Committee
• PAHAL = Pratyaksh Hanstantrit Labh
• PAN = Permanent Account Number or Present Across Nation
• PCR = Provision Coverage Ratio
• PD = Primary Deficit
• PFRDA = Pension Fund Regulatory & Development Authority
• PIL = Public Interest Litigation
• PIO = Person of Indian Origin
• PKY = Public Key Cryptography
• PMFBY = Pradhanmantri Fasal Bima Yojana
• PMGSY = PradhanMantri Gram Sadak Yojana
• PMJDY = Pradhanmantri Jan Dhan Yojana
• PMJJBY = Pradhanmantri Jeevan Jyoti Beema Yojana
• PMKSY = PradhanMantri Krishi Sichai Yojana
• PMKVY = PradhanMantri Kaushal Vikas Yojana
• PMLA = Prevention of Money Laundering Act
• PMSBY = PradhanMantri Suraksha Bima Yojana
• PPF = Public Provident Federation
• PRAGATI = Proactive Governance & Timely Implementation
• PSE = Public Sector Enterprises
• PSF = Price Stabilization Fund
• PSLV = Polar Satellite Launch Vehicle
• PSU = Public Sector Undertaking
• PTI = Press Trust of India
• PUC = Paid Up Capital

R

• RAFA = Recurring Account Fix Account
• RBI = Reserve Bank of India
• RD = Revenue Deficit
• RDIF = Russian Direct Investment Fund
• REER = Real Effective Exchange Rate
• REIT = Real Estate Investment Trust
• REIT = Real Estate Investment Trust
• RFID = Radio Frequency Identification
• RIDB = Rural Infrastructure Development Bank
• RR = Revenue Receipts
• RTGS = Real Time Gross Settlement
• RWA = Risk Weighed Asset

S

• SAARC = South Asian Association for Regional Co-Operation
• SAFTA = South Asian Free Trade Agreement
• SAI = Sports Authority of India
• SAPTA = SAARC Preferential Trading Agreement
• SCB = State Co-operative Bank
• SCO = Shanghai Co-operative Organisation
• SCR = Shipment Comprehensive Risks
• SDBS = Service Discharge Benefit Scheme
• SDGs = Sustainable Development Goals
• SDR = Special Drawing Rights
• SEBI = Securities & Exchange Board of India
• SENSEX = Sensitive Index
• SEZ = Special Economic Zone
• SGSY = Swarnajayanthi Gram Swarojgaar Yojana
• SHGs = Self Help Groups
• SIDBI = Small Industries Development Bank of India
• SIDC = State Industrial Development Corporation
• SIFI = Systematically Important Financial Intermediaries
• SIPRI = Stockholm International Peace Research Institute
• SLR = Statutory Liquidity Ratio
• SME = Small & Medium Enterprises
• SMERA = Small & Medium Enterprises Rating Agency
• SMILE = SIDBI Make in India Loan for small Enterprises
• SRTMI = Steel Research and Technology Mission of India
• SSA = Sarva Shiksha Abhiyaan
• SSA = Sukanya Samriddhi Account
• START = Strategic Armed Reduction Treaty
• STN = Short Term Note
• STRIPS = Separate Trading of Registered Interest and Principle Securities
• SWF = Sovereign Wealth Funds
• SWIFT = Society for Worldwide Inter-Bank Financial Telecommunication

T

• TBs = Treasury Bills
• TDS = Tax Deducted at Source
• TERI = The Energy and Resources Institute
• TRIFED = Tribal Co-operative Marketing Development Federation of India
• TRIMs = Trade Related Investment Measures
• TRIPs = Trade Related Aspects of Intellectual Property Rights
• TS GENCO = Telangana State Power Generation Corporation
• TVOA = Tourist Visa On Arrival

U

• UAS = Unmanned Aircraft System
• UCO = United Commercial Bank (Formerly)
• UIDAI = Unique Identification Authority of India
• UJALA = Unnat Jyoti by Affordable LEDs for All
• ULIP = Unit-Linked Insurance Plan
• UN = United Nations
• UNCDF = United Nations Capital Development Fund
• UNCTAD = United Nations Conference on Trade and Development
• UNDP = United Nations Development Programme
• UNEP = United Nations Environmental Programme
• UNESCO = United Nations Educational, Scientific and Cultural Organization
• UNICEF = United Nations Children’s Emergency Fund
• UNITAR = United Nations International Training and Research Centre
• UPC = Universal Product Code
• USTAAD = Upgrading the Skills and Training in Traditional Arts/Crafts for Development
• UTI = Unit Trust of India

V

• VAT = Value Added Tax

W

• WADA = World Anti-Doping Agency
• WHO = World Health Organization
• WIPO = World Intellectual Property Organization
• WLA = White Label ATMs
• WPI = Wholesale Price Index
• WTO = World Trade Organization

Z

• ZBB = Zero Based Budgeting