Banking Abbreviations

FEDAI : Foreign Exchange Dealers Association of India

ALCO : Asset Liability Committee

ALM : Asset Liability Management

KVIC : Khadi and Village Industries Corporation

KYC : Know Your Customer

EXIM bank : Export and Import Bank of India

NABARD : National Bank for Agriculture and Rural Development

SIDBI : Small Industries Development Bank of India

EDP : Entrepreneurship Development Programme

LAMPS : Large Sized Adivasi Multipurpose Societies

LERMS : Liberalized Exchange Rate Management System

NABARD : National Bank for Agriculture and Rural Development

NBFC : Non Banking Finance Companies

QIB : Qualified Institutional Bankers

RBI : Reserve Bank of India

RDBMS : Relational Database Management System

REC : Rural Electrification Corporation

RFC : Resident Foreign Currency

RIDF : Rural Infrastructure Development Fund

RRB : Regional Rural Bank

RTGS : Real Time Gross Settlement

RWA : Risk Weighted Assets

SBI : State Bank of India

SCB : Scheduled Commercial Bank

NRE : Non Resident External Account

NRI : Non Resident Indian

SDR : Special Drawing Rights

YTM : Yield to Maturity

LAB : Local Area Banks

ALM : Asset Liability Management

ANBC : Adjusted Net Bank Credit

ASBA : Applications Supported Bank Accounts

DPG : Deferred Payment Guarantee

DRI : Differential Rate Of Interest

DSCR : Debt Service Coverage Ratio

FEDAI : Foreign Exchange Dealers Association Of India

FOB : Free On Board

NPV : Net Present Value

DPN : Demand Promissory Note

DRAT : Debt Recovery Appellate Tribunal

OCB : Overseas Corporate Bodies

POA : Power of Attorney

OLTAS : Online Tax Accounting System

OMO : Open Market Operations

PACS : Primary Agricultural Credit Societies

LIC : Life Insurance Corporation of India

IEPF : Investors Education and Protection Fund

IRDA : Insurance Regulatory and Development Authority

CCIL : Clearing Corporation of India Limited

OTCEI : Over the Counter Exchange Of India

ISCI : International Standard Industrial Classification

KCC : Kisan Credit Card

BCSBI : Banking Codes and Standards Board of India

SEBI : Securities and Exchange Board of India

SFMS : Structured Financial Messaging Services

SHG : Self Help Group

CAR : Capital Adequacy Ratio

SEBI : Securities and Exchange Board of India

MICR : Magnetic Ink Character Recognition

NSE : National Stock Exchange

FCNR : Foreign Currency Non Resident Deposit Accounts

CDRS : Corporate Debt Restructuring

IDRBT : Institute for Development and Research Of Banking Technology

YTM : Yield To Maturity

MCA : Ministry Of Company Affairs

MIS : Management Information System

CRISIL : Credit Rating Information Services Of India

ICRA : Investment Information and Credit Rating Agency of India Limited

CARE : Credit Analysis and Research Limited

IRDA : Insurance Regulatory and Development Authority of India

CASA : Current and Savings Accounts

CBLO : Collateralized Bank Lending Obligations

CIBIL : Credit Information Bureau of India Limited

CRR : Cash Reserve Ratio

KYC : Know Your Customer Guidelines

IPO : Initial Public Offer

SLR- Statutory Liquidity Ratio

SLRS : Scheme for Liberation and Rehabilitation of Scavengers

EMI : Equated Monthly Instalments

SSI : Small Scale Industries

SME : Small and Medium Industries

UTI : Unit Trust of India

WPI : Wholesale Price Index

EDI : Electronic Data Interchange

EPS : Earning per Share

ESOP : Employee Stock Options

PDO : Public Debt Office

PIN : Personal Identification Number

NBFC : Non Banking Finance Companies

NEFT : National Electronic Fund Transfer

RTGS :  Real Time Gross Settlement

NPA : Non Performing Assets

QIB : Qualified Institutional Buyers

BOE :  Bill of Exchange

SMERA : SME Rating Agency of India Limited

SLR : Statutory Reserve Ratio

SIDBI : Small Industries Development Bank of India

SIDC : State Industrial Development Corporation

SJSRY : Swarna Jayanthi Shahari Rozgar Yojana

SSSBE : Small Scale Service and Business Enterprises 

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