IMPORTANT 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 ManagementSystem• 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 ElectrificationCorporation• 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 ManagementSystem• BOT – Balance of Trade• CAC – Capital account convertibility• NDS – Negotiated Dealing System.....KINDLY SHARE WITH EVERYONE
Posted on: Thu, 18 Dec 2014 15:02:04 +0000