Banking Abbreviations

List of Important Banking and Finance Abbreviations Part 1

Banking Awareness

List of Important Finance and Banking Abbreviations

Hello Readers Welcome to This Article, In this Article we are Providing most Important Finance and Banking Abbreviations. In the Recent Past Banking Examination Trend had changed Tremendously. In every bank exam 3 to 4 questions are  Shooted from this abbreviations Section.Keeping this in mind we brought you list of all important abbreviations related to banking and Finance.Banking Abbreviations

Most Important Finance and Banking Abbreviations

APEC                     –              Asia  – Pacific Economic Cooperation

ASBA                     –              Application Supported by Blocked Amount

AEPS                      –              Aadhar Enabled Payment System

ALM                       –              Asset Liability Management

ASSOCHAM        –              Associated Chambers of Commerce and Industry of India

BBB                       –              Bank Boards Bureau

BBPS                      –              Bharat Bill Payment System

BHIM                     –              Bharat Interface for Money

BCBS                      –              Basel Committee On Banking Supervision

BCSBI                    –              Banking Codes and Standards Board of India

MIGA                    –              Multilateral Investment Guarantee Agency

BIFR                       –              Board for Industrial and Financial Reconstruction

BIS                          –              Bank for International Settlements

OLTAS                   –              Online Tax Accounting System

BPLR                      –              Benchmark Prime Lending Rate

OPEC                     –              Organization of The Petroleum Exporting Countries

CIBIL                      –              Credit Information Bureau India Ltd

CBS                        –              Core Banking Solutions

NACH                    –              National Automated Clearing House

CORE                     –              Centralized Online Real Time Exchange

CRAR                     –              Capital to Risk (weighted) Assets Ratio

CSIR                       –              Council of Scientific and Industrial Research

CSR                        –              Corporate Social Responsibility

CVC                        –              Central Vigilance Commission

DTAA                     –              Double Taxation Avoidance Agreement

ECGC                     –              Export Credit Guarantee Corporation of India

NEER                     –              Nominal Effective Exchange Rate

IBRD                      –              International Bank for Reconstruction and Development

ICAR                      –              Indian Council of Agricultural Research

IDA                         –              International Development Association

IDRBT                    –              Institute for Development and Research in Banking  Technology

IFRS                       –              International Financial Reporting Standards

IMO                       –              International Maritime Organization

IMPS                     –              Immediate Payment Service (or) Inter bank Mobile Payment Service

NASSCOM           –              National Association of Software and Service Companies

NABARD              –              National Bank for Agricultural and Rural Development

NCLT                      –              National Company Law Tribunal

MMID                   –              Mobile Money Identifier

UPU                       –              Universal Postal Union

 

SIT                          –              Special Investigation Team

NGT                       –              National Green Tribunal

SWIFT                   –              Society for Worldwide Interbank Financial Telecommunications

Important Finance and Banking Abbreviations

SDR                        –              Special Drawing Rights

SFMS                     –              Structured Financial Messaging System

REER                      –              Real Effective Exchange Rate

PPI                         –              Prepaid Payment Instrument

UPI                         –              Unified Payment Interference

CTS                         –              Cheque Truncation System

NRHM                   –              National Rural Health Mission

ULIP                       –              Unit Linked Insurance Plan

DRI                         –              Differential Rate of Interest

MNP                      –              Mobile Number Portability

SARFAESI Act     –              Securitization and Reconstruction of Financial Assets and Enforcement of                                                                               Securities Interest Act

RIDF                       –              Rural Infrastructure Development Fund

ATM                      –              Asynchronous Transfer Mode

CSO                        –              Central Statistics Office

ATM                      –              Automated Teller Machine

AML                       –              Anti Money Laundering

NPS                        –              National Pension System

NFS                        –              National Financial Switch

NSFR                     –              Net Stable Funding Ratio

SLR                         –              Statutory Liquidity Ratio

QIP                         –              Qualified Institutional Placement

CRR                        –              Cash Reserve Ratio

SMILE                    –              SIDBI make in India Loan for Enterprises

NIIF                        –              National Investment and Infrastructure Fund

PFRDA                  –              Pension Fund Regulatory and Development Authority

EPF                         –              Employee Provident Fund

DIPP                      –              Department of Industrial Policy and Promotion

RTGS                     –              Real Time Gross Settlement

NEFT                      –              National Electronic Funds Transfer

LAF                         –              Liquidity Adjustment Facility

MSF                       –              Marginal Standing Facility

NPA                       –              Non Performing Asset

KYC                        –              Know Your Customer

FSDC                      –              Financial Stability Development Council

MUDRA                –              Micro Units Development and Refinance Agency

UAN                      –              Universal Account NUmber

Most Important Schemes Abbreviations  for Bank Exams

DDUGJY               –              Deen Dayal Upadhyaya Gram Jyothi Yojana

PMKVY                 –              Pradhan Manthri Kaushal Vikas Yojana

PMJJBY                 –              Pradhan Mantri Jeevan Jyoti Yojana

PMGSY                 –              Pradhan Mantri Gram Sadak Yojana

PMMY                  –              Pradhan Manthri Mudra Yojana

PMSBY                  –              Pradhan Manthri Suraksha Bima Yojana

JNNSM                 –              Jawaharlal Nehru National Solar Mission

JNNURM             –              Jawaharlal Nehru National Urban Renewal Mission

 

Now its time to end this article, we hope it will be very helpful for your banking examinations preparation. You can ask us for any queries and don’t feel shy to enter your valuable suggestions and comments.If you have found any mistake in this article feel free to report us. See you in the next session with some other interesting tutorials until then stay with us.

Wish you all the very best!!

You May Also Read:

List Of Important Finance And Banking Abbreviations Part 2

Indian Public Sector Banks With Their Headquarters And Taglines

List Of Important Banking And Finance Abbreviations Part 3

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