Banking Terms

1. PSBs: Public Sector Banks
2. SNBCs: Schedule Non- Commercial Banks
3. SENSEX: Sensitive Index of Stock Exchange
4. KYC: Know Your Customer
5. RTGS: Real Time Gross Settlement
6. EFT: Electronic Fund Transfer
7. CBS: Core Banking Solutions
8. LIBOR: London Interbank Offered Rate
9. MIBOR: Mumbai Interbank Offered Rate
10. MIBID: Mumbai Interbank Bid Rate
11. SARFAESI: Securitisation & Reconstruction of
Financial Assets & Enforcement Of Security Interest
12. CAR: Capital Adequecy Ratio
13. FIIs: Foreign Institutional Investments
14. MICR: Magnetic Ink Character Recognition
15. BIRD: Bankers Institute of Rural Development
16. IBA: Indian Bank Association
17. BPLR: Benchmark Prime Lending Rate
18. SWOT: Strength, Weaknesses, Opportunities & Threats
19. SWIFT: Society For Worldwide Interbank Financial
Telecommunication
20. FERA: Foreign Exchange Regulatory Act
21. FEMA: Foreign Exchange Management Act
22. CASA: Current & Saving Account
23. NDTL: Net Demand & Time Liabilities
24. NASDAQ: National Association For Securities Dealers
Automated Quotations
25. CRISIL: Credit Rating & Investment Services India
Limited
26. CIBIL: Credit Information Bureau Of India Limited
27. NAV: Net Asset Value
28. ICRA: Indian Credit Rating Agency
29. CARE: Credit Analysis & Research Limited
30. WMAs: Ways & Means Advances
31. ALM: Asset Liability Management
32. INFINET Indian Financial Network
33. OLTAS - On-line Tax Accounting System (OLTAS) for
Direct Taxes
34. TIN - Tax Information Network (TIN)
35. IMPS - Interbank Mobile Payment Service (IMPS) or
Immediate Payment Service
36. CDR- Corporate Debt Restructuring
37. CAD- Capital Account Deficit
38. REITs: Real Estate Investment Trusts
39. InvITs: Infrastructure Investment Trusts
40. ALM- Asset Liability Management
41. ASBA: Application Supported by Blocked Amount
42. PIN: Personal Identification Number
43. CECA: Comprehensive Economic Cooperation
Agreement
44. CEPA: Comprehensive Economic Partnership
Agreemeny
45. DTAA – Double Taxation Avoidance Agreement
46. EFSF – European Financial Stability Facility
47. FINO- Financial Inclusion Network Operation
48. FIPB – Foreign Investment Promotion board
49. FSLRC– Financial Sector Legislative Reforms
Commission
50. CRAR: Capital to Risk-weighted Assets Ratio
51. LCR: Liquidity Coverage Ratio
52. TARC - Tax Administration Reform Commission
53. GIRO - Govt. Internal Revenue Order
54. FRBMA: Fiscal Responsibility & Budget Management
Act
55. AMFI- Association of Mutual Fund in India.
56. TIEA – Tax Information exchange Agreement
57. GAAR - General anti avoidance rule
58. GSLV - Geo-Synchronous Launch Vehicle
59. PPP – Public Private Partnership & Purchasing Power
parity
60. PSLV – Polar Satellite Launch vehicle
61. TAPI - Turkmenistan-Afghanistan-Pakistan-India.
62. QFI -Qualified Foreign Investors
63. AD-Authorized Dealer.
64. ASSOCHAM-Associated Chambers of Commerce &
Industry of India.
65. BCSBI-Banking Codes & Standards Board of India.
66. BIS-Bank for International Settlements.
67. CDS-Credit Default Swap.
68. CEPA-Comprehensive Economic Partnership
Management.
69. FIMMDA-Fixed Income Money MARKETS &
Derivatives Association.
70. FPI-Foreign Portfolio Investment.
71. IBRD-International Bank for Reconstruction &
Development.
72. UIDAI-Unique Identification Development Authority
of India.
73. PMGSY- Pradhan Mantri Gram Sadak Yojana
74. PMEGP- PM's Employment Generation Programme
75. NRDWP- National Rural Drinking Water Programme
76. PMKK- Pradhan Mantri Kaushal Kendras
77. SANKALP- Skill Acquisition & Knowledge Awareness
for Livelihood Promotion programme
78. STRIVE- Skill Strengthening for Industrial Value
Enhancement
79. NTA- National Testing Agency
80. ICDS- Integrated Child Development Services
81. TIES- Trade Infrastructure for Export Scheme
82. FIPB- Foreign Investment Promotion Board
83. CERT-Fin- Computer Emergency Response Team for
our Financial Sector
84. IRFC- Indian Railway Finance Corporation Limited
85. FFO- Further Fund Offering