Banking terminology for competitive exams

Banking terminology

ADR - American Depository Receipt

AGM - Annual General Meeting

AIRCSC - All India Rural Credit Survey Committee

AFS - Available For Sale

ASSOCHAM - Associated Chambers of Commerce and Industry of India

ATM - Automated Teller Machine

BIS - Bank for International Settlements

BoP - Balance of Payments
CAD - Capital Account Deficit

CAG - Controller and Auditor General of India

CAMELS- Capital Adequacy, Asset Quality, Management, Earnings, Liquidity, Systems & Controls

CBS - Consolidated Banking Statistics

CC - Cash Credit

CD - Certificate of Deposit

CF - Company Finance

CII - Confederation of Indian Industries

CP - Commercial Paper

CPI - Consumer Price Index

CR - Capital Receipts

CRR - Cash Reserve Ratio

CSIR - Council of Scientific and Industrial Research

CSO - Central Statistical Organisation

DBOD - Department of Banking Operations and Development

DBS - Department of Banking Supervision, RBI

DCA - Department of Company Affairs,

DCCB - District Central Cooperative Bank

DCM - Department of Currency Management, RBI

DD - Demand Draft

DDS - Data Dissemination Standards

DICGC - Deposit Insurance and Credit Guarantee Corporation of India

ECGC - Export Credit and Guarantee Corporation

ECS - Electronic Clearing Scheme

EEA - Exchange Equalization Account

EPF - Employees Provident Fund

FDI - Foreign Direct Investment

FEMA - Foreign Exchange Management Act

FICCI - Federation of Indian Chambers of Commerce and Industry

FII - Foreign Institutional Investor

FPI - Foreign Portfolio Investment

GDP - Gross Domestic Product

GDR - Global Depository Receipt

GFD - Gross Fiscal Deficit

GIC - General Insurance Corporation

GPD - Gross Primary Deficit

HDFC - Housing Development Finance Corporation

HFT - Held For Trading

IBS - International Banking Statistics

ICAR - Indian Council of Agricultural Research

ICICI - Industrial Credit and Investment Corporation of India

ICMR - Indian Council of Medical Research

IDBI - Industrial Development Bank of India

IFC - International Finance Corporation

IFCI - Industrial Finance Corporation of India

IIP - Index of Industrial Production

IMF - International Monetary Fund

IRBI - Industrial Reconstruction Bank of India

ISDA - International Swaps and Derivative Association

ISIC - International Standard Industrial Classification

ISO - International Standards Organization

LBS - Locational Banking Statistics

LERMS - Liberalised Exchange Rate Management System

LIC - Life Insurance Corporation of India

MCA - Ministry of Company Affairs

MIS - Management Information System

MMSE - Minimum Mean Squared Errors

NABARD - National Bank for Agriculture and Rural Development

NASSCOM - National Association of Software and Services Companies

NBC - Non-Banking Companies

NBFC - Non Banking Financial Companies

NEER - Nominal Effective Exchange Rate

NFA - Non-Foreign Exchange Assets

NGO - Non-Governmental Organization

NHB - National Housing Bank

NPA - Non-Performing Assets

NSC - National Statistical Commission

NSSF - National Small Savings Fund

OD - Over Draft

ODA - Official Development Assistance

OMO - Open Market Operations

PACS - Primary Agriculture Credit Societies

PDAI - Primary Dealers Association of India

PDO - Public Debt Office

PIO - Persons of Indian Origin

PO - Principal Office

PRB - Primary Revenue Balance

PSE - Public Sector Enterprises

PUC - Paid Up Capital

RD - Revenue Deficit

RDBMS - Relational Database Management System

RE - Revenue Expenditure

REC - Rural Electrification Corporation

REER - Real Effective Exchange Rate

RIDF - Rural Infrastructure Development Fund

RoC - Registrars of Companies

RR - Revenue Receipts

RRB - Regional Rural Bank

RTP - Reserve Tranche Position

RWA - Risk Weighted Asset

SAS - Statistical Analysis System

SCARDB - State Cooperative Agriculture and Rural Development Bank

SCB - State Cooperative Bank

SCB - Scheduled Commercial Bank

SDDS -Special Data Dissemination Standards

SDR - Special Drawing Right

SEBI - Securities and Exchange Board of India

SIFI - Systemically Important Financial Intermediaries

SEBs - State Electricity Boards

SGSY - Swarnajayanthi Gram Swarrojgar Yojana

SHGs - Self-Help Groups

SIDBI - Small Industries Development Bank of India

SIDC - State Industrial Development Corporation

SJSRY - Swarna Jayanti Shahari Rojgar Yojana

SLR - Statutory Liquidity Ratio

SMG - Standing Monitoring Group

SNA - System of National Accounts

SRWTO - Small road & Water Transport Operators

SSI - Small-Scale Industries

STRIPS - Separate Trading for Registered Interest and Principal of Securities

TB - Treasury Bills

TC - Temporary Change

TT - Telegraphic Transfer

TFTS - Trade for Trade Settlement

UCB - Urban Cooperative Bank

UCN - Uniform Code Number

UNDP - United Nations Developement Programme
UNICO - Umbrella Organisation for Large Cooperative Banks in Europe
UNDP - United Nations Development Programme
UNIDO - United Nations Industrial Development Organisation
UNME - Urban Non-Manual Employees

UTI - Unit Trust of India

VC - Venture Capital

WPI - Wholesale Price Index

WTO - World Trade Organisation

    Y-o-Y - Year-on-Year

YTM - Yield to Maturity

ZTC - Zonal Training Centre