BANKING TERMS - 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 #Dare2Compete
Posted on: Wed, 17 Dec 2014 06:40:00 +0000