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Banking Abbreviations are important for all banking exams, including IBPS PO, IBPS Clerk, SBI PO, SBI Clerk, IBPS RRB Officer, IBPS RRB Office Assistant, RBI Grade-B and RBI Assistant. We have provided a list of popular Banking Abbreviations frequently asked in various Bank exams. It is an important topic from the point of view of General Awareness and General Studies. Candidates preparing for Bank exams like IBPS PO, SBI PO, RBI Grade B, and other bank exams must know these abbreviations to answer the questions asked on Banking Abbreviations.
The Banking Abbreviations are mentioned below in a table form for better understanding
Terms | Abbreviations |
ADR | American Depository Receipt |
AD | Authorised Dealer |
ADB | Asian Development Bank |
ACF | Auto Correlation Function |
AML | Anti Money Laundering |
AMFI | Association of Mutual Funds in India |
ASEAN | Association of South East Asian Nations |
ATM | Automated Teller Machine |
BACS | Bankers Automated Clearing System |
BCP | Branch Credit Plan |
BOB | Bank Of Baroda |
BOE | Bill Of Exchange |
BCP | Business Continuity Plan |
BOI | Bank Of India |
BSE | Bombay Stock Exchange |
BSR | Basic Statistical Returns |
CA | Chartered Account |
CAC | Collective Action Clause |
CD | Certificate of Deposit |
CAGR | Compound annual growth rate |
CAPEX | Capital Expenditures |
COB | Close of Business |
CBT | Computer-Based Terminal |
CC | Cash Credit |
CIBIL | Credit Information Bureau of India Limited |
DAD | Deposit Accounts Department |
DB | Dena Bank |
DCCB | District Central Cooperative Bank |
DD | Demand Draft |
DPs | Depository Participants |
DPG | Deferred Payment Guarantee |
DRI | Differential rate of Interest |
DRT | Debt Recovery Tribunal |
DWCRA | Development of Women and Children in Rural Areas |
EC | Exchange Control |
ECD | Exchange Control Department |
EBRD | European Bank for Reconstruction and Development |
EME | Emerging Market Economy |
EMU | European Monetary Union |
ESCAP | Economic and Social Commission for Asia and the Pacific |
ĒU | European Union |
EXIM | Export Import |
FCA | Foreign Currency Assets |
FDI | Foreign Direct Investment |
FCNR(B) | Foreign Currency Non- resident (Banks) |
FĒDAI | Foreign Exchange Dealers’ Association of India |
FER | Foreign Exchange Reserves |
FI | Financial Institution |
FSSA | Financial System Stability Assessments |
FTT | Foreign Travel Tax |
G-20 | Group of Twenty |
GAAR | General Anti Avoidance Rule |
GDP | Gross Domestic Product |
GFD | Gross Fiscal Deficit |
GATT | General Agreement on Tariffs and Trade |
GoI | Government of India |
GST | Goods and Services Tax |
HACCP | Hazard Analysis and Critical Control Points |
HDFC | Housing Development Finance Corporation |
HUDCO | Housing and Urban Development Corporation |
HFC | Housing Finance Company |
HRDD HTMM | Human Resources Development Department Held to Maturity |
IA | Internal Audit |
IAS | Integrated Account System |
IBBI | Insolvency and Bankruptcy Board of India |
IBRD | International Bank for Reconstruction and Development |
IDBI | Industrial Development Bank of India |
IMF | International Monetary Fund |
ITES-BPO | Information Technology Enabled Services and Business Process Outsourcing |
JCI | Jute Corporation of India |
JPC | Joint Parliamentary Committee |
JV | Joint Venture |
KCC | Kisan Credit Card |
KYC | Know Your Customer |
LAF | Liquidity Adjustment Facility |
LAB | Local Area Bank |
LTF | Long-term Finance |
LOC | Lines of Credit |
M&A | Merger and Acquisition |
MASI | Management Audit Systems Inspection |
MoU | Memorandum of Understanding |
MRTP | Monopolies and Restrictive Trade Practises |
MSP | Minimum Support Price |
MSS | Market Stabilisation Scheme |
MCA | Ministry of Corporate Affairs |
NABARD | National Bank for Agriculture and Rural Development |
NASSCOM | National Association of Software and Services Companies |
NHB | National Housing Bank |
NPA | Non-Performing Asset |
NSDL | National Securities Depository Ltd. |
NIC | National Industrial Credit |
OBC | Oriental Bank of Commerce |
OCB | Overseas Corporate Bodies |
OTP | One Time Password |
OECD | Organisation for Economic Cooperation and Development |
OMO | Open Market Operations |
OWS | Other Welfare Schemes |
PAS | Performance Appraisal System |
RFC(D) | Resident Foreign Currency (Domestic) |
PACS | Primary Agriculture Credit Societies |
PD | Primary Deficit |
PSU | Public Sector Undertaking |
QIS | Quantitative Impact Study |
RTGS | Real Time Gross Settlement |
RBSB | Reserve Bank Services Board |
REER | Real Effective Exchange Rate |
RTP | Reserve Tranche Position |
RWA | Risk Weighted Asset |
RO | Regional Office |
SCARDB | State Co-operative Agriculture and Rural Development Bank |
SAARC | South Asian Association for Regional Cooperation |
SAFTA | South Asian Free Trade Agreement |
SBI | State Bank of India |
SCB | Scheduled Commercial Bank |
SHG | Self Help group |
SIDBI | Small Industries and Development Bank of India |
TBs | Treasury Bills |
TT | Telegraphic Transfer |
TDS | Tax Deducted at Source |
UBI | United Bank of India |
URIF | Urban Reforms Incentive Fund |
UNCTAD | United Nations Conference for Trade and Development |
VaR | Value at Risk |
VAT | Value Added Tax |
VPA | Virtual Payment Address |
VCFs | Venture Capital funds |
WAN | Wide Area Network |
WTO | World Trade Organisation |
WPI | Wholesale Price Index |
XLRI | Xavier Labour Relations Institute |
YTM | Yield-to-Maturity |
ZTC | Zonal Training Centres |
Conclusion
Armed with this information, you should now be able to tackle any question on Banking abbreviations. If you are preparing for a Banking exam, make sure you practice questions from this topic. Moreover, if an aspect of the topic needs improvement, do not wait till the last minute to work on it. Candidates can bookmark this page to stay updated on all the latest news related to the Bank and other financial sectors. The abovementioned table will not only help you in answering multiple-choice questions. Still, it will also make it easier for you to understand a question better and thus answer it correctly.
