List of Banking Related Abbreviations

AbbreviationFull Form
2FATwo Factor Authentication
A&ASAccount & Audit Section
ACLFAdditional Collateralised Lending Facility
AIDBsAll India Development Banks
AIFIsAll India Financial Institutions
ALMAsset Liability Management
ANBCAdjusted Net Bank Credit
ANSIAmerican National Standards Institute
APACSAssociation of Payment and Clearing Services
APSFCandhra Pradesh State Financial Corporation
ARCILAsset Reconstruction Company of India Limited
ARCsAsset Reconstruction Companies
ATMAutomated Teller Machine
BACSBankers Automated Clearing System
BCBSBasel Committee On Banking Supervision
BCPBranch Credit Plan
BFSBoard of Financial Supervision
BLBCBlock-Level Bankers Committee
BOBanking Ombudsman
BODBoard of Directors
BPCBenefits Processing Corp
BPLRBenchmark Prime Lending Rate
CAAPCapital Adequacy Assessment Process
CAMELSCapital, Assets, Management, Earnings, Liquidity, and Systems and Control
CBTComputer-Based Terminal
CCCash Credit
CDRCorporate Debt Restructuring
CDsCertificates of Deposit
CEDCentre For Entrepreneurship Development
CFMSCentralised Funds Management System
CFSCommittee on The Financial System
CFSConsolidated Financial Statements
CHAPSClearing House Automated Payment System
CIBILCredit Information Bureau of India Ltd.
CLBCompany Law Board
CLFCollateralised Lending Facility
CMACollateral Management Agreement
CNPCard Not Present
CPsCommercial Papers
CRARCapital to Risk-Weighted Asset Ratio
CRMCustomer Relationship Management
CRRCash Reserve Ratio
CSGLAConstituent’s Subsidiary General Ledger Account
DCCBDistrict Central Cooperative Banks
DCPDistrict Credit Plan
DDDemand Draft
DDMDistrict Development Manager
DFIDevelopment Financial Institutions
DFIDDepartment For International Development
DICGCDeposit Insurance and Credit Guarantee Corporation
DIRDifferential Interest Rate
DNPDDerivatives and New Products Departments
DPNDerivative Usance Promissory Note
DPsDepository Participants
DR!Beneficiaries of Differential Interest Rate
ECBExternal Commercial Borrowing
ECSElectronic Clearing Service
EDEnforcement Directorate
EFTElectronic Funds Transfer
EFTPOSElectronic Funds Transfer Point of Sale
EMIEquated Monthly Instalment
EPSEarnings Per Share
ETFsExchange Traded Funds
EXIM BankExport-Import Bank of India
FATFFERA Financial Action Task Force
FCAForeign Currency Assets
FCDFully Convertible Debentures
FCNRAForeign Currency Non-Resident Account
FDFixed Deposit
FDIForeign Direct Investment
FEMAForeign Exchange Management Act
FIMMDAFixed Income Money Market and Derivatives Association of India
FlsFinancial Institutions
FRNsFloating Rate Notes
FROForeigners Registration officer
FRROForeigners Regional Registration officer
FSSFinancial Software Systems
GDCFGross Domestic Capital Formation
GlCGeneral Insurance Corporation of India
GIPSAGeneral Insurance Public Sector Association
GSTPAGlobal Straight Through Processing Association
HFCsHousing Finance Companies
HPFCHimachal Pradesh Financial Corporation
HSBCHong Kong and Shanghai Banking Corporation
HUDCOHousing and Urban Development Corporation
IBAIndian Banks’ Association
IBRDInternational Bank For Reconstruction and Development
ICAOInternational Civil Aviation Organisation
ICCIntegrated Circuit Card
ICICIIndustrial Credit and Investment Corporation of India Limited
ICRAInvestment Information and Credit Rating Agency
IDBIIndustrial Development Bank of India
IDFCInfrastructure Development Finance Company Limited
IDRBTInstitute For Development and Research In Banking Technology
IFCIIndustrial Finance Corporation of India Limited
lIB IIndustrial Investment Bank of India Limited
IMFInternational Monetary Fund
INFINETIndian Financial Network
IPInternet Provider
IPOInitial Public offering
IPSSIntegrated Payment and Settlement System
IREInternal Rating Based
IRaIndustrial Reconstruction Corporation of India Limited
IRDPIntegrated Rural Development Programme
IRRInternal Rate of Return
ISINInternational Securities Identification Number
ISOInternational Standard Organisation
IVPIndira Vikas Patra
JCBJapan Credit Bureau
JLGsJoint Liability Groups
KCCKisan Credit Card
KVPKisan Vikas Patra
KYCKnow Your Customer
LAFLiquidity Adjustment Facility
LANLocal Area Network
LBSLead Bank Scheme
LETSLocal Exchange Trading Systems
LICLife Insurance Corporation of India
LOCLines of Credit
LTFLong-Term Finance
MBFCMutual Benefit Financial Company
MFIsMicro-Financial Institutions
MICRMagnetic Ink Character Recognition
MIRSDMarket Intermediaries Registration and Supervision Department
MNBCsMiscellaneous Non-Banking Companies
MPBFMaximum Permissible Bank Finance
MRDMarket Regnlation Department
MSSMarket Stabilisation Scheme
M&AsMergers and Acquisitions
MTNsMedium-Term Notes
NABARDNational Bank For Agriculture and Rural Development
NAFCUBNational Federation of Urban Cooperative Banks and Credit Societies
NAFEDNational Agricultural Cooperative Marketing Federation
NAVNet Asset Value
NBCNet Bank Credit
NBFCsNon-Bank Financial Companies
NCAERNational Council of Applied Economic Research
NCCNational Clearing Cells
NCSNetwork Computing System
NDANet Domestic Assets
NDCNon-Dues Certificate
NDSNegotiated Dealing System
NDTLNet Demand and Time Liabilities
NFANet Foreign Assets
NGONon-Governmental Organisation
NHBNational Housing Bank
NIlNet Interest Income
NofNet Owned Funds
NPAsNon-Performing Assets
NPLMNon-Performing Loan Management
NPSNon-Priority Sector
NRENon-Resident (External) Rupee Account
NRINon-Resident Indian
NRNRNon-Resident Non-Repatriable Term Deposit Account
NRONon-Resident Ordinary Account
NRSRNon-Resident (Special) Rupee Account
NSENational Stock Exchange
NSICNational Small Industries Corporation
NSSNational Savings Scheme
OBCOriental Bank of Commerce
OBEOff-Balance Sheet Exposures
OBUsOffshore Banking Units
OCBOverseas Corporate Bodies
ODOverdraft
OFCSOffshore Financial Centers
OTCEIOver The Counter Exchange of India Limited
OTSOne-Time Settlement
PACSPrimary Agricultural Credit Societies
PANPermanent Account Number
PBSProjected Balance Sheet
PBTProfit Before Tax
PCParticipation Certificate
PCAPrompt Corrective Action
PCDsPartly Convertible Debentures
PFlsPublic Financial Institutions
PINPersonal Identification Number
PIOPeople of Indian Origin
PKIPublic Key Infrastructure
PLIsPrime Lending Institutions
PLPPotential Linked Plan
PLRPrime Lending Rate
PMLAPrevention of Money Laundering Act
POAPower of Attorney
POSPoint of Sale
PSBsPublic Sector Banks
PTCsPass-Through Certificates
QIBQualified Institutional Buyers
QIPQualified Institutional Placement
QISQuantitative Impact Study
RAROCRisk-Adjusted Return On Capital
RBIReserve Bank of India
RBSRisk-Based Supervision
RCFRisk Capital Foundation
RCIRefinance Corporation For Industry
REPOSReady Forward Contracts
RFIDRadio Frequency Identification
RMLReverse Mortgage Loan
RNBCsResiduary Non-Banking Companies
ROAReturn On Assets
ROCRegistration of Companies
ROEReturn On Equity
RRBsRegional Rural Banks
RTGSReal Time Gross Settlement
SACsSettlement Advisory Committees
SAMISStrategic Asset Management Information System
SARFAESSecurities and Reconstruction of Financial and Enforcement of Security Interest
SBIState Bank of India
SCBState Cooperative Apex Bank
SEPUPSelf-Employment Programme For Urban Poor
SEZsSpecial Economic Zones
SFCsState Financial Corporations
SFMSStructured Financial Messaging Solution
SGSYSwarnajayanti Gram Swarojgar Yojana
SHGsSelf-Help Groups
SIDCState Industrial Development Corporation
SIMSubscriber Identity Module
SJSRYSwarna Jayanti Shahari Rojgar Yojana
SLBCState-Level Bankers’ Committee
SLRStatutory Liquidity Ratio
SMESmall and Medium Enterprises
SPOMSelf-Programmable One-Chip Microcomputer
SpySpecial Purpose Vehicle
SSIDCState Small Industries Development Corporation
SSlsSmall Scale Industries
STFShort-Term Finance
STPStraight -Through Processing
SW IFTSociety For Worldwide Interbank Financial Telecommunication
T/TTelegraphic Transfer
TANTransaction Number/Tax Deduction Account Number
TCSTata Consultancy Services
TDFTechnical Development Fund
TDICITechnology Development and Information Company of India Limited
UBIUnited Bank of India
UTIUnit Trust of India
VCFsVenture Capital Funds
VCPVillage Credit Plan
VRSVoluntary Retirement Scheme
VUBVseobecmi Uverova Banka
WANWide Area Network
WCDLWorking Capital Demand Loan
WOSWholly Owned Subsidiary
WWWWorld Wide Web

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