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Wednesday, 8 October 2014

BANKING TERMS - ABBREVIATIONS

1. ISCI – International Standard Industrial Classification

2. KCC – Kisan Credit Card

3. KVIC – Khadi and Village Industries Corporation

4. KYC – Know your customer

5. LAMPS – Large Sized Adivasi Multipurpose societies

6. LERMS – Liberalised Exchange Rate Management System

7. LIC – Life Insurance Corporation of India

8. MCA – Ministry of Company affairs

9. MIS – Management Information System

10. MICR – Magnetic Ink Character Recognition

11. NABARD – National Bank for Agriculture and Rural Development

12. NBFC – Non Banking Finance Companies

13. NEFT – National Electronic Funds Transfer

14. NPA – Non Performing assets

15. NRE – Non Resident External account

16. NRI – Non Resident Indian

17. NSE – National Stock Exchange

18. OLTAS – Online tax accounting system

19. OMO – Open market operations

20. PACS – Primary Agricultural Credit Societies

21. PDO – Public Debt Office

22. PIN – Personal Identification Number

23. QIB – Qualified Institutional Buyers

24. RBI – Reserve Bank of India

25. RDBMS – Relational Database Management System

26. REC – Rural Electrification Corporation

27. RFC – Resident Foreign Currency

28. RIDF – Rural Infrastructure Development Fund

29. RRB – Regional Rural Bank

30. RTGS – Real Time Gross Settlement

31. RWA – Risk Weighted Assets

32. SBI – State Bank of India

33. SCB – Scheduled Commercial Bank

34. SDR – Special Drawing Rights

35. SEBI – Securities and Exchange Board of India

36. SFMS - Structured Financial Messaging Services

37. SHG – Self Help Group

38. SIDBI – Small Industries Development Bank of India

39. SIDC – State Industrial Development Corporation

40. SJSRY –Swarna Jayanthi Shahari Rozgar Yojana

41. SLR – Statutory Liquidity Ratio

42. SLRS – Scheme for Liberation and Rehabilitation of Scavangers

43. SMERA – SME rating agency of India Limited

44. SSI – Small Scale Industries

45. SME – Small and Medium Industries

46. SSSBE – Small Scale Service and Business Enterprises

47. UTI – Unit Trust of India

48. WPI – Wholesale Price Index

49. YTM – Yield to maturity

50. LAB – Local Area Banks..

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