List of Important Acronyms and Abbreviations associated with Banking Industry/Economy Important Note : The acronyms/abbreviations denoted by (*) mark are important from the view of competitive exams *AEPS – Aadhaar-Enabled Payments Switch AIC – Agricultural Insurance Company AIDIS – All India Debt and Investment Survey *AMC - Asset Management Company AML - Anti-Money Laundering ANBC - Adjusted Net Bank Credit APO – Army Post Office *ATM - Automated Teller Machine *AUM - Assets Under Management *BBNL - Bharat Broadband Network Limited *BIS - Bank of International Settlements *BOO - Build-Own-Operate BR Act - Banking Regulations Act, 1949 *BRIC – Brazil, Russia, India, China *BRICS – Brazil, Russia, India, China, South Africa *BSBDA - Basic Savings Bank Deposit Account *CBS - Core Banking Solutions *CCI - Competition Commission of India *CEO - Chief Executive Officer *CERC - Central Electricity Regulatory Commission *CERSAI - Central Registry of Securitisation Asset Reconstruction and Security *CGTMSE - Credit Guarantee Fund Trust for Micro and Small Enterprises *CIBIL - Credit Information Bureau Limited CIC - Core Investment Company CICO - Cash In Cash Out *CMIE - Centre for Monitoring Indian Economy *CRR - Cash Reserve Ratio CSP - Customer Service Point *CWC - Central Warehousing Corporation *DBT - Direct Benefit Transfer DCCB - District Central Cooperative Bank D-NBFC - Deposit Taking NBFC *ECB - European Central Bank EOD - Economic Offenses Division *EMC - Expenditure Management Commission *EPFO - Employees’ Provident Fund Organisation *ETF - Exchange Traded Fund *EU - European Union FATF - Financial Action Task Force *FCI - Food Corporation of India *FDI - Foreign Direct Investment *Fed. - Federal Reserve (United States) *FII – Foreign Institutional Investors FLC - Financial Literacy Centre *FMC - Forward Markets Commission FOS - Financial Ombudsman Service FSB - Financial Stability Board *FSLRC - Financial Sector Legislative Reforms Commission FSP - Financial Services Provider *G2P - Government to Person *GBP - Great Britain Pound GCC - General Credit Card *GDP - Gross Domestic Product *GIC - General Insurance Corporation of India *GNPA - Gross NPA *GOI - Government of India GPRS - General Packet Radio Service GRC - Grievance Redressal Cell HDBS - Horizontally Differentiated Banking System HFC - Housing Finance Company *HTM - Held-to-Maturity *IBA - Indian Banks‘ Association *IFC - International Finance Corporation IGIDR - Indira Gandhi Institute of Development Research *IIP - Index of Industrial Production *IMF - International Monetary Fund *IMPS - Immediate Mobile Payment System *IRDA - Insurance Regulatory and Development Authority *JNNURM - Jawaharlal Nehru National Urban Renewal Mission *KCC - Kisan Credit Card *KGFS - Kshetriya Gramin Financial Services *KVP - Kisan Vikas Patra *KYC - Know Your Customer LAB - Local Area Bank *LIC - Life Insurance Corporation of India *LOLR - Lender of Last Resort *MCA - Ministry of Corporate Affairs *MFI - Microfinance Institution MMMF - Money Market Mutual Fund MSB - Money Service Business *MSME - Micro, Small, and Medium Enterprises *NABARD - National Bank for Agriculture and Rural Development *NBFC - Non-Banking Financial Company *NCAER - National Council of Applied Economic Research ND-NBFC - Non Deposit Taking NBFC NDTL – Net Demand and Time Liability *NECS - National Electronic Clearing Service *NEFT - National Electronic Funds Transfer *NFA - No-Frills Account *NHB - National Housing Bank NOFN - National Optical Fibre Network *NPA - Non-Performing Asset *NPS - National Pensions Scheme *NREGA - National Rural Employment Guarantee Act, 2005 *NSSO - National Sample Survey Organisation *OTP - One-Time-Password PACS - Primary Agricultural Cooperative Society *PFRDA - Pension Fund Regulatory and Development Authority *PMEAC - Prime Minister’s Economic Advisory Council PNO - Payment Network Operator *POA - Proof of Address *POI - Proof of Identity *PoP - Point of Purchase *POS - Point of Sale PPI - Pre-Paid Instrument Issuer *PPP - Public Private Partnership PSD - Payment Services Directive PSL - Priority Sector Lending *QIB - Qualified Institutional Buyer RAROC - Risk Adjusted Return on Capital *RBI - Reserve Bank of India RBS - Risk Based Supervision RBS – Royal Bank of Scotland RGS - Rural Godown Scheme RIDF - Rural Infrastructure Development Fund *RRB - Regional Rural Bank *RTGS - Real Time Gross Settlement Service *SARFAESI - Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act *SAT - Securities Appellate Tribunal *SBI - State Bank of India *SCB - Scheduled Commercial Bank SCORES - SEBI Complaints Redress System *SEBI - Securities and Exchange Board of India *SFIO - Serious Fraud Investigation Office SFRC - State Finance Regulatory Commission *SHG - Self-Help Group *SIDBI - Small Industrial Development Bank of India SIFI - Systemically Important Financial Institution *SIV - Special Investment Vehicles *SLR - Statutory Liquidity Ratio *SMS - Short Message Service *SPV - Special Purpose Vehicle *SWC - State Warehousing Corporation *TARC - Tax Administration Reform Commission TCF - Treating Customers Fairly *TRAI - Telecom Regulatory Authority of India *UCB - Urban Cooperative Bank *UEBA - Universal Electronic Bank Account *UIDAI - Unique Identification Authority of India *ULIP - Unit-Linked Insurance Policies *UPIN - Unique Property Identification Numbers USB - Ultra-Small Branch USD - United States Dollar VDBS - Vertically Differentiated Banking System WBCIS - Weather Based Crop Insurance Scheme *WL-ATM - White Label ATM *WPI - Wholesale Price Index #PremMaurya
Posted on: Thu, 21 Aug 2014 06:19:25 +0000
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