BANKING ABBREVIATIONS

1.   PSBs: PUBLIC SECTOR BANKS
2.   SNBCs: SCHEDULE NON COMMERCIAL BANKS
3.   SENSEX: SENSITIVE INDEX OF STOCK EXCHANGE
4.   GNP: GROSS NATIONAL PRODUCT
5.   KYC: KNOW YOUR CUSTOMER
6.   RTGS: REAL TIME GROSS SETTLEMENT
7.   NEFT: NATIONAL ELECTRONIC MONEY TRANSFER
8.   EFT: ELECTRONIC FUND TRANSFER
9.   CBS: CORE BANKING SOLUTIONS
10.LIBOR: LONDON INTERBANK OFFERED RATE
11.MIBOR: MUMBAI INTERBANK OFFERED RATE
12.MIBID: MUMBAI INTERBANK BID RATE
13.SARFAESI: SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST
14.CAMELS: CAPITAL ADEQUECY RATIO, ASSET QUALITY, MANAGEMENT OF EFFECTIVENESS, EARNING OF PROFITABILITY, LIQUIDITY, SYSTEM AND CONTROLS
15.CAR: CAPITAL ADEQUECY RATIO
16.FIIs: FOREIGN INSTITUTIONAL INVESTMENTS
17.FDI: FOREIGN DIRECT INVESTMENT
18.IPO: INITIAL PUBLIC OFFERING
19.MICR: MAGNETIC INK CHARACTER READER
20.BIRD: BANKERS INSTITUTE OF RURAL DEVELOPMENT
21.IBA: INDIAN BANK ASSOCIATION
22.BPLR: BENCHMARK PRIME LENDING RATE
23.ICICI: INDUSTRIAL CREDIT AND INVESTMENT CORPORATION OF INDIA
24.HDFC: HOUSING DEVELOPMENT FINANCE CORPORATION
25.SWOT: STRENGETH, WEEKNESSES, OPPORTUNITIES AND THREATS
26.SWIFT: SOCIETY FOR WORLDWIDE INTERBANK FINANCIAL TELECOMMUNICATION
27.FERA: FOREIGN EXCHANGE REGULATORY ACT
28.FEMA: FOREIGN EXCHANGE MANAGEMENT ACT
29.CASA: CURRENT AND SAVING ACCOUNT
30.NDTL: NET DEMAND AND TIME LIABILITIES
31.NASDAQ: NATIONAL ASSOCIATION FOR SECURITIES DEALERS AUTOMATED QUOTATIONS
32.CRISIL: CREDIT RATING AND INVESTMENT SERVICES INDIA LIMITED
33.CIBIL: CREDIT INFORMATION BUREAU OF INDIA LIMITED
34.NAV: NET ASSET VALUE
35.ICRA: INDIAN CREDIT RATING AGENCY
36.CARE: CREDIT ANALYSIS AND RESEARCH LIMITED
37.WMAs: WAYS AND MEANS ADVANCES
38.ALM: ASSET LIABILITY MANAGEMENT
39.INFINET INDIAN FINANCIAL NETWORK
40.OLTAS - On-line Tax Accounting System (OLTAS) for Direct Taxes
41.TIN - Tax Information Network (TIN)
42.IMPS - Interbank Mobile Payment Service (IMPS) or Immediate Payment Service
43.CDR- Corporate Debt Restructuring
44.CAD- Capital Account Deficit
45.REITs: Real Estate Investment Trusts
46.InvITs: Infrastructure Investment Trusts
47.ALM- Asset Liability Management
48.ASBA: Application Supported by Blocked Amount
49.CBS: Core Banking Solution
50.PIN: Personal Identification Number
51.CCEA – Cabinet Committee on Economic Affairs
52.CECA - Comprehensive Economic Cooperation Agreement
53.CEPA – Comprehensive Economic Partnership Agreemeny
54.DTAA – Double Taxation Avoidance Agreement
55.ECBs - External Commercial Borrowings
56.EFSF – European Financial Stability Facility
57.FINO- Financial Inclusion Network Operation
58.FIPB – Foreign Investment Promotion board
59.FSLRC – Financial Sector Legislative Reforms Commission
60.CRAR: Capital to Risk-weighted Assets Ratio
61.LCR: Liquidity Coverage Ratio
62.TARC - Tax Administration Reform Commission
63.GIRO - Government Internal Revenue Order
64.FRBMA: Fiscal Responsibility and Budget Management Act
65.AMFI- Association of Mutual Fund in India.
66.TIEA – Tax Information exchange Agreement
67.GAAR - General anti avoidance rule
68.GSLV - Geo-Synchronous Launch Vehicle
69.PPP – Public Private Partnership & Purchasing Power parity
70.PSLV – Polar Satellite Launch vehicle
71.TAPI - Turkmenistan-Afghanistan-Pakistan-India.
72.QFI -Qualified Foreign Investors
73.AD-Authorized Dealer.
74.ASSOCHAM-Associated Chambers of Commerce and Industry of India.
75.BCSBI-Banking Codes and Standards Board of India.
76.BIS-Bank for International Settlements.
77.CDS-Credit Default Swap.
78.CEPA-Comprehensive Economic Partnership Management.
79.FIMMDA-Fixed Income Money MARKETS and Derivatives Association.
80.FPI-Foreign Portfolio Investment.
81.IBRD-International Bank For Reconstruction And Development.
82.UIDAI-Unique Identification Authority of India.