Sunday, 26 February 2023

Most common Finance & Banking abbreviations used in banking transactions || short code used in banking statements

A

AD -- Authorized Dealer

ABM -- Assistant Branch Manager

ACH - Automated Clearing House

AEPS -- Aadhaar Enabled Payments Switch

AFS -- Annual Financial Statement

AGM -- Annual General Meeting

ASSOCHAM -- Associated Chambers of Commerce and Industry of India

AIF -- Alternative Investment Fund

ADR -- American Depository Receipt

AIC -- Agricultural Insurance Company

ALM -- Asset Liability Management

ARC -- Asset Reconstruction Companies

AIF -- Alternative Investment Fund

ACS -- Automated Clearing System

ADB -- Asian Development Bank

ADF -- Automated Data Flow

AIF -- Alternative Investment Fund

AMFL -- Association of Mutual Funds in India

APBS -- Aadhaar Payment Bridge System

ANBC -- Adjusted Net Bank Credit

ACF -- Auto Correlation Function

ABEDA -- Arab Bank for Economic Development in Africa

AMRMS -- Audit and Risk Monitoring Mechanism

ALCO -- Asset Liability Committee

AMFI -- Association of Mutual Fund in India

ASBA -- Application Supported by Blocked Account

ATM -- Automated Teller Machine

B

BACS - Bankers' Automated Clearing Services

BSR -- Basic Statistical Returns

BOP -- Balance of Payments

BOE -- Bill of Exchange

BOT -- Build, Operate and Transfer

BSE -- Bombay Stock Exchange

BRA -- Banking Regulations Act

BCBS -- Basel Committee on Banking Supervision

BCSBI -- Banking codes and standards board of India

BIC - Bank Identifier Code

BIRD -- Bankers Institute of Rural Development

BIS -- Bank for International Settlements

BPLR -- Benchmark Prime Lending Rate

C

CAD -- Capital Account Deficit

CCIL -- Clearing Corporation of India Limited

CASA -- Current and Savings Account

CDRS -- Corporate Debt Restructuring

CMIS -- Currency Management Information System

CAD -- Current Account Deficit

CPFF -- Commercial Paper Funding Facility

COB -- Corporation Bank

CAR -- Capital Adequacy Ratio

CRR -- Cash Reserve Ratio

CARE -- Credit Analysis and Research Limited

CPI -- Consumer Price Index

CBS -- Core Banking Solutions

CCEA -- Cabinet Committee on Economic Affairs

CRILC -- Central Repository of Information on Large Credits

CDR -- Corporate Debt Restructuring

CRISIL -- Credit Rating Information Services Of India

CSR -- Corporate social responsibility

CRMD -- Credit Risk Management Department

CA -- Chartered Accountant

CBLO -- Collateralized Bank Lending Obligations

CDS -- Credit Default Swap

CHAPS - Clearing House Automated Payment System

CECA -- Comprehensive Economic Cooperation Agreement

CRR -- Cash Reserve Ratio

CNP -- Card Not Present

CEPA -- Comprehensive Economic Partnership Agreement

CTI -- Country Threat Index

CIBIL -- Credit Information Bureau of India Limited

CRAR -- Capital to Risk-weighted Assets Ratio

CRISIL -- Credit Rating and Investment Services India Limited

CRR -- Cash Reserve Ratio

D

DTAA -- Double Taxation Avoidance Agreement

DRAT -- Debt Recovery Appellate Tribunal

DSCR -- Debt Service Coverage Ratio

DPN -- Demand Promissory Note

DPG -- Deferred Payment Guarantee

DSCR -- Debt Service Coverage Ratio

DRI -- Differential Rate of Interest

E

EADB -- East African Development Bank

ECBs -- External Commercial Borrowings

ECS -- Electronic Clearing System

EDI -- Electronic Data Interchange

ELSS -- Equity Linked Saving Scheme

EFTPOS -- Electronic Funds Transfer At Point Of Sale

EEFC -- Exchange Earners’ Foreign Currency

EPFO -- Employees’ Provident Fund Organization

EDF -- Export Development Fund

EDP -- Entrepreneurship Development Programme

EPS -- Earnings per Share

EFT -- Electronic Fund Transfer

EIB -- European Investment Bank

EMI -- Equated Monthly Installments

FDI -- Foreign Direct Investment

EXIM -- Export Import Bank of India

EBRD -- European Bank for Reconstruction and Development

F

FCNRA -- Foreign Currency Nonresident Account

EPOS -- Electronic Point Of Sale

FOB -- Free On Board

FIMMDA -- Fixed Income Money Markets and Derivatives Association

FDI -- Foreign Direct Investment

FICCI -- Federation of Indian Chambers of Commerce and Industry

FEMA -- Foreign Exchange Management Act

FERA -- Foreign Exchange Regulation Act

FINO -- Financial Inclusion Network Operation

FIPB -- Foreign Investment Promotion Board

FPI -- Foreign Portfolio Investment

FRBMA -- Fiscal Responsibility and Budget Management Act

FSLRC -- Financial Sector Legislative Reforms Commission

FSRASC -- Financial Sector Regulatory Appointment Search Committee

G

GDP -- Gross Domestic Product

GAAR -- General Anti Avoidance Rule

GIRO -- Government Internal Revenue Order

GMS -- Gold Monetization Scheme

GST -- Goods and Service Tax

GSTN -- Goods and Services Network

GNP -- Gross National Product

H

HDFC -- Housing Development Finance Corporation

I

IBA -- Indian Bank Associations

ICA -- Indian Council of Agricultural Research

IIB -- International Investment Bank

ICICI -- Industrial Credit and Investment Corporation of India

ICRA -- Indian Credit Rating Agency

IRBI -- Industrial Reconstruction Bank Of India

IPPB -- India Post Payments Bank

IBAN - International Bank Account Number

IBRD -- International Bank for Reconstruction and Development

IFSC -- Indian Financial System Code

ISCI -- International Standard Industrial Classification

IMPS -- Immediate Payment Service

IMF -- International Monetary Fund

IRDA -- Insurance Regulatory and Development Authority of India

INFINET -- Indian Financial Network

IPO -- Initial Public Offering

IROs -- Interest Rate Options

K

KYC -- Know Your Customer

KCC -- Kisan Credit Card

KMB -- Kotak Mahindra Bank

KVB -- Karur Vysya Bank

KVP -- Kisan Vikas Patra

KVIC -- Khadi and Village Industries Corporation

L

LIBOR -- London Inter-Bank Offered Rate

LAB -- Local Area Bank

LAF -- Liquidity Adjustment Facility

LAMPS -- Large Sized Adivasi Multipurpose Societies

LIC -- Life Insurance Company

LTCG -- Long Term Capital Gains

M

MICR -- Magnetic Ink Character Recognition

MSF -- Marginal Standing Facility

MIS -- Management Information System

MSS -- Market Stabilization Scheme

MTN -- Medium Term Note

MUDRA -- Micro Units Development and Refinance Agency

N

NABARD -- National Bank for Agriculture and Rural Development

NDTL -- Net Demand and Time Liabilities

NEFT -- National Electronic Fund Transfer

NPA -- Non-Performing Assets

NDA -- Net Domestic Asset

NDS -- Negotiated Dealing Systems

NECS -- Net Demand and Time Liability

NPCI -- National Payments Corporation of India

O

OCB -- Overseas Corporate Bodies

OMO -- Open Market Operations

OLTAS -- Online Tax Accounting System

OTCEI -- Over the Counter Exchange of India

P

PIN -- Personal Identification Number

PPP -- Purchasing Power Parity/ Public Private Partnership

PFRDA -- Pension Fund Regulatory and Development Authority

PIS -- Portfolio Investment Scheme

PRSF -- Partial Risk Sharing Facility

PACS -- Primary Agricultural Credit Societies

PSB -- Public Sector Bank

R

RTGS -- Real Time Gross Settlement

ROA -- Return On Investment

RBI -- Reserve Bank of India

RIDF -- Rural Infrastructure Development Fund

S

SENSEX -- Sensitive Index of Stock Exchange

SIDBI -- Small Industries Development Bank of India

SLR -- Statutory Liquidity Ratio

SLRS -- Scheme for Liberation and Rehabilitation of Scavengers

SIPS -- Systematically Important Payment System

SPNS -- Shared Payment Network System

SWIFT -- Society for Worldwide Interbank Financial Telecommunication

T

TIN -- Tax Information Network/ Telephone Identification Number

U

UIDAI -- Unique Identification Development Authority of India

UTI -- Unit Trust of India

UPIN -- Unique Property Identification Numbers

USSD -- Unstructured Supplementary Service Data

UPI -- United Payment Interface

W

WBCIS -- Weather Based Crop Insurance Scheme

WCTL -- Working Capital Term Loan

Y

YTM -- Yield to Maturity

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