Acronyms Important Abbreviations in Banking

ADB Asian Development Bank

ADF Automated Data Flow

ADR American Depository Receipt

AEPS Aadhaar Enabled Payment System

AIF Alternative Investment Fund

AIFI All India Financial Institutions

AIIB Asian Infrastructure Investment Bank

ALCO Asset/ Liability Committee

ALM Asset Liability Management

AMFI Association of Mutual Funds in India

AML Anti-Money Laundering

ANBC Adjusted Net Bank Credit

APBS Aadhaar Payment Bridge System

ARC Asset Reconstruction Companies

ARCIL Asset Reconstruction Companies India Limited

ARM Adjustable-Rate Mortgage

ASBA Applications Supported by Blocked Amount

ASSOCHAM Associated Chambers of Commerce and Industry of India

ATM Automated Teller Machine

BBB Bank Board Bureau

BBPS Bharat Bill Payment System

BCBS Basel Committee on Banking Supervision

BCSBI Banking Codes and Standards Board of India

BHIM App Bharat Interface for Money Application

BIS Bank for International Settlements

BOP Balance of Payments

BPLR Benchmark Prime Lending Rate

BRBNMPL Bharatiya Reserve Bank Note Mudran Private Limited

BSBDA Basic Savings Bank Deposit Account

BSE Bombay Stock Exchange

BSR Basic Statistical Returns

CAG Controller and Auditor General

CAR Capital Adequacy Ratio

CARE Credit Analysis and Research Limited

CASA Current and Savings Accounts

CBDT Central Board of Direct Taxes

CBLO Collateralized Borrowing and Lending Obligation

CBS CORE Banking Solution

CCIL Clearing Corporation of India Limited

CD Certificate of Deposit

CDR Corporate Debt Restructuring

CDS Credit Default Swap

CIBIL Credit Information Bureau of India Limited

CII Confederation of Indian Industry

CMS Cash Management Services

CORE Centralized Online Real-time Exchange

CP Commercial Paper

CPFF Commercial Paper Funding Facility

CPI Consumer Price Index

CRAR Capital To Risk Weighted Asset Ratio

CRISIL Credit Rating Information Services Of India

CRM Customer Relationship Management

CRR Cash Reserve Ratio

CSR corporate social responsibility

CTS Cheque Truncation System

CUB City Union Bank

CVA Credit valuation adjustment

DICGC Deposit Insurance and Credit Guarantee Corporation

DIPP Department of Industrial Policy and Promotion

DPG Deferred Payment Guarantee

DPN Demand Promissory Note

DRAT Debt Recovery Appellate Tribunal

DRI Differential Rate Of Interest

DRT Debts Recovery Tribunal

DSCR Debt Service Coverage Ratio

D-SIBs Domestic Systemically Important Banks

DTAA Double Taxation Avoidance Agreement

ECB External Commercial Borrowings

ECGC Export Credit Guarantee Corporation of India

ECS Electronic Clearing System

EDF Export Development Fund

EDI Electronic Data Interchange

EEFC Exchange Earners Foreign Currency Account

EFTPOS Electronic Funds Transfer At Point Of Sale

EIB European Investment Bank

ELSS Equity Linked Saving Scheme

EMI Equated Monthly Installment

EPFO Employees’ Provident Fund Organisation

EPOS Electronic Point Of Sale

ETF Exchange-traded fund

EXIM Export Import Bank of India

FCA Financial Conduct Authority

FCCB Foreign Currency Convertible Bond

FCNR Foreign Currency Non-Repatriable account deposits

FDI Foreign Direct Investment

FEDAI Foreign Exchange Dealers Association Of India

FERA Foreign Exchange Regulation Act

FICCI Federation of Indian Chambers of Commerce and Industry

FII Foreign Institutional Investor

FIMMDA Fixed Income Money Markets and Derivatives Association of India

FIPB Foreign Investment Promotion Board

FPI Foreign Portfolio Investment

FPO follow-on public offer

FSRASC Financial Sector Regulatory Appointment Search Committee

FTA Free Trade Agreement

GAAR General Anti Avoidance Rule

GDP Gross Domestic Product

GDR Global Depository Receipt

GMS Gold Monetisation Scheme

G-SIBs Global Systemically Important Banks

GST Goods and Services Tax

GSTN Goods and Services Network

GVA Gross value added

HDFC Housing Development Finance Corporation

HNI High net worth individual

HUF Hindu Undivided Family

IADB Inter-American Development Bank

IAF India Aspiration Fund

IBA Indian Banks' Association

IBBI Insolvency and Bankruptcy Board of India

IBPS Institute of Banking Personnel Selection

IBRD International Bank for Reconstruction and Development

IBU IFSC Banking Unit

ICICI Industrial Credit and Investment Corporation of India

ICRA Investment Information and Credit Rating Agency of India Limited

IDB Islamic Development Bank

IDBI Industrial Development Bank of India

IDF Infrastructure Development Fund

IDR Indian Depository Receipts

IDRBT Institute for Development & Research in Banking Technology

IDS Income Declaration Scheme

IEPF Investors Education and Protection Fund

IFC International Finance Corporation

IGIDR Indira Gandhi Institute of Development Research

IGST Integrated Goods and Services Tax

IIB International Investment Bank

IIBF Indian Institute of Banking and Finance

IIBI Industrial Investment Bank of India

IMF International Monetary Fund

IMPS Immediate Payment Service

IMT Instant Money Transfer

IPO Initial Public Offering

IPPB India Post Payments Bank

IRDA Insurance Regulatory and Development Authority of India

IRR Internal Rate Of Return

ISA Individual Savings Account

ITF in trust for

JLF Joint Lenders' Forum

KCC Kisan Credit Card

KGC Kisan Gold Card

KMB Kotak Mahindra Bank

KVB Karur Vysya Bank

KVIC Khadi and Village Industries Commission

KVP Kisan Vikas Patra

KYC Know Your Customer

LAB Local Area Bank

LAF Liquidity Adjustment Facility

LDB Land Development Bank

LERMS Liberalized Exchange Rate Management System

LIBOR London Inter-Bank Offered Rate

LIC Life Insurance Corporation Of India

MCLR Marginal Cost of Funds based Lending Rate

MDB Multilateral Development Banks

MFDF Micro Finance Development Fund

MFI Micro Finance Institutions

MIBOR Mumbai Inter Bank Offered Rate

MICR Magnetic Ink Character Recognition

MIS Management Information System

MMID Mobile Money Identifier

MMTC Metals and Minerals Trading Corporation of India

MOD Multi Option Deposit Account

MPC Monetary Policy Committee

MSF Marginal Standing Facility

MSMED Micro, Small and Medium Enterprises Development

MSS Market Stabilisation Scheme

MTN Medium Term Note

MUDRA Micro Units Development And Refinance Agency

NABARD National Bank For Agricultural And Rural Development

NACH National Automated Clearing House

NAV Net Asset Value

NBFC Non-Banking Financial Company

NDS Negotiated Dealing System

NDTL Net Demand and Time Liabilities

NECS National Electronic Clearing Service

NEFT National Electronic Funds Transfer

NFC Near-field communication

NFS National Financial Switch

NHB National Housing Bank

NIBM National Institute of Bank Management

NPA Non-Performing Assets

NPCI National Payments Corporation Of India

NPS National Pension System

NPV Net Present Value

NRE Non Resident External Account

NRI Non Resident Indian

NRO Non-Resident Ordinary savings account

NSE National Stock Exchange

NSFDC National Scheduled Castes Finance And Development Corporation

NUUP National Unified USSD Platform

OECD Organisation For Economic Cooperation And Development

OLTAS Online Tax Accounting System

OMO Open Market Operations

ORM Operational Risk management

OTCEI Over the Counter Exchange Of India

OTP One-Time Password

OVD Officially Valid Documents

PACS Primary Agricultural Credit Society

PAN Permanent Account Number

PDO Public Debt Office

PFRDA Pension Fund Regulatory and Development Authority

PIN Personal Identification Number

PIS Portfolio Investment Scheme

P-Notes Participatory Notes

POA Power of Attorney

PoS Point of Sale

PPF Public Provident Fund

PPI Payment protection insurance

PRSF Partial Risk Sharing Facility

PSL Priority Sector Lending

PSS Act Payment and Settlement Systems Act

QIB Qualified Institutional Buyer

QIP Qualified Institutional Placement

RBI Reserve Bank of India

RBS Royal Bank of Scotland

RDBMS Relational Database Management System

RDDBFI Recovery of Debts Due to Banks and Financial Institutions

REC Rural Electrification Corporation

RFC Resident Foreign Currency

RFID Radio-Frequency Identification

RIDF Rural Infrastructure Development Fund

RoA Return On Assets

RoE Return On Equity

RRB Regional Rural Bank

RTGS Real Time Gross Settlement

RWA Risk Weighted Assets

S4A Scheme for Sustainable Structuring of Stressed Assets

Securitization and Reconstruction of Financial Assets and

SARFAESI
Enforcement of Security Interest

SBI State Bank of India

SBNs Specified Bank Notes

SCB Scheduled Commercial Bank

SCC Selective Credit Control

SDR Special Drawing Rights

SEBI Securities and Exchange Board of India

SENSEX Sensitive Index

SEPA Single Euro Payments Area

SEZ Special Economic Zone

SFMS Structured Financial Messaging System

SGB Sovereign Gold Bond

SHG Self Help Group

SIDBI Small Industries Development Bank Of India

SIFI Systematically Important Financial Institution

SIP Systematic Investment Plan

SIPS Systemically Important Payment Systems

SLR Statutory Reserve Ratio

SMERA SME Rating Agency of India Limited

SMILE SIDBI Make in India Loan for Enterprises

SPMCIL Security Printing and Minting Corporation of India Limited

SPNS Shared Payment Network System

SSSBE Small-scale Service and Business Enterprises

STP Straight-through Processing

SWIFT Society For World Wide Inter Bank Financial Telecommunication

TDS Tax Deducted at Source

TIN Taxpayer Identification Number

UEBA Universal Electronic Bank Account

UIDAI Unique Identification Authority of India

UPI Unified Payment Interface

USB Ultra Small Branch

USSD Unstructured Supplementary Service Data

UTI Unit Trust of India

VDBS Vertically Differentiated Banking System

VPA Virtual Payment Address

WBCIS Weather Based Crop Insurance Scheme

WCTL Working Capital Term Loan

WLAs White Label ATMs

WMA Ways and Means Advances

WPI Wholesale Price Index

YTM Yield to Maturity