Banking Abbreviations

  • ISCI – International Standard Industrial Classification
  • KCC – Kisan Credit Card
  • KVIC – Khadi and Village Industries Corporation
  • KYC – Know your customer
  • LAMPS – Large Sized Adivasi Multipurpose societies
  • LERMS – Liberalised Exchange Rate Management System
  • LIC – Life Insurance Corporation of India
  • MCA – Ministry of Company affairs
  • MIS – Management Information System
  • MICR – Magnetic Ink Character Recognition
  • NABARD – National Bank for Agriculture and Rural Development
  • NBFC – Non Banking Finance Companies
  • NEFT – National Electronic Funds Transfer
  • NPA – Non Performing assets
  • NRE – Non Resident External account
  • NRI – Non Resident Indian
  • NSE – National Stock Exchange
  • OLTAS – Online tax accounting system
  • OMO – Open market operations
  • PACS – Primary Agricultural Credit Societies
  • PDO – Public Debt Office
  • PIN – Personal Identification Number
  • QIB – Qualified Institutional Buyers
  • RBI – Reserve Bank of India
  • RDBMS – Relational Database Management System
  • REC – Rural Electrification Corporation
  • RFC – Resident Foreign Currency
  • RIDF – Rural Infrastructure Development Fund
  • RRB – Regional Rural Bank
  • RTGS – Real Time Gross Settlement
  • RWA – Risk Weighted Assets
  • SBI – State Bank of India
  • SCB – Scheduled Commercial Bank
  • SDR – Special Drawing Rights
  • SEBI – Securities and Exchange Board of India
  • SFMS – Structured Financial Messaging Services
  • SHG – Self Help Group
  • SIDBI – Small Industries Development Bank of India
  • SIDC – State Industrial Development Corporation
  • SJSRY –Swarna Jayanthi Shahari Rozgar Yojana
  • SLR – Statutory Liquidity Ratio
  • SLRS – Scheme for Liberation and Rehabilitation of Scavangers
  • SMERA – SME rating agency of India Limited
  • SSI – Small Scale Industries
  • SME – Small and Medium Enterprises
  • SSSBE – Small Scale Service and Business Enterprises
  • UTI – Unit Trust of India
  • WPI – Wholesale Price Index
  • YTM – Yield to maturity
  • LAB – Local Area Banks
  • ALM – Asset Liability Management
  • ANBC – Adjusted Net Bank Credit
  • ASBA – Applications supported Bank accounts
  • BOE – Bill of Exchange
  • CASA – Current and savings accounts
  • CBLO – Collateralised Bank Lending Obligations
  • CIBIL – Credit Information Bureau of India Limited
  • DPG – Deferred Payment Guarantee
  • DPN – Demand Promissory Note
  • DRAT – Debt Recovery Appellate tribunal
  • DRI – Differential Rate of Interest
  • DSCR – Debt Service Coverage Ratio
  • EDI – Electronic Data Interchange
  • EMI – Equated Monthly Instalments
  • EPS – Earnings Per Share
  • ESOP – Employee Stock Options
  • FEDAI – Foreign Exchange Dealers Association of India
  • FFMC – Full Fledged Money Changers
  • FOB – Free on Board
  • LIBOR – London Inter Bank Operations Rate
  • MIBOR – Mumbai Inter Bank Operations Rate
  • MOU – Memorandum of Understanding
  • MCA – Ministry of Company Affairs
  • NPV – Net Present Value
  • OCB – Overseas Corporate Bodies
  • POA – Power of Attorney
  • RKBY – Rashtriya Krishi Bima Yojana
  • SEBI – Securities and Exchange Board of India
  • LAF – Liquidity Adjustment Facility
  • IDBI – Industrial Development Bank of India
  • BCSBI – Banking Codes and Standards Board of India
  • IRDA – Insurance Regulatory Development Authority
  • DICGC – Deposit Insurance and Credit Guarantee Corporation
  • SPV – Special Purpose Vehicle
  • CRISIL – Credit Rating Information Services of India Limited
  • ICRA – Investment Information and Credit Rating Agency of India Limited
  • CARE – Credit Analysis and Research Limited
  • MCX – Multi Commodity Exchange
  • CCIL – Clearing Corporation of India Limited
  • OTCEI – Over the Counter Exchange of India
  • EFT – Electronic Funds Transfer
  • ARF – Asset Reconstruction Fund
  • MSS – Market Stabilisation Scheme
  • CRAR – Capital to Risk Assets Ratio
  • FSDC – Financial Stability and Development Council
  • SCARDB – State Cooperative Agriculture and Rural Development Banks
  • LERMS – Liberalised Exchange Rate Management System
  • BOT – Balance of Trade
  • CAC – Capital account convertibility
  • NDS – Negotiated Dealing System