Banking Full Forms
Following is the list of all full forms related to the banking sector. It contains various acronyms that are important to know.
| Acronym | Full Form |
|---|---|
| RTGS | Real Time Gross Settlement System |
| UPI | Unified Payments Interface |
| BHIM | Bharat Interface for Money |
| CAIIB | Certified Associate of Indian Institute of Bankers |
| VPA | Virtual Payment Address |
| IMPS | Immediate Payment Service |
| MICR | Magnetic Ink Character Recognition |
| NEFT | National Electronic Funds Transfer System |
| NPA | Non-Performing Assets |
| RBI | Reserve Bank of India |
| ADB | Asian Development Bank |
| APBS | Aadhaar Payment Bridge System |
| RBL | Ratnakar Bank Limited Realtime Blackhole List |
| MCLR | Marginal Cost Of Lending Rate |
| EMI | Equated Monthly Instalmentsb |
| IDBI | Industrial Development Bank of India |
| NBFC | Non-Banking Finance Company |
| PO | Probationary Officer Post Office |
| CIF | Customer Information File |
| CTS | Cheque Truncation System Clear to Send |
| IBPS | Institute of Banking Personnel Selection |
| JAIIB | Junior Associate of Indian Institute of Bankers |
| HDFC | Housing Development Finance Corporation |
| ICICI | Industrial Credit and Investment Corporation of India |
| IFSC | Indian Financial System Code |
| 2FA | Two Factor Authentication |
| A&AS | Account & Audit Section |
| ABEDA | Arab Bank for Economic Development in Africa |
| ACF | Auto Correlation Function |
| ACLF | Additional Collateralised Lending Facility |
| ACS | Automated Clearing Systm |
| AD | Authorized Dealer |
| ADF | Automated Data Flow |
| ADR | American Depository Receipt |
| ADTV | Average Daily Trading Volume |
| AEPS | Aadhaar Enabled Payments Switch |
| AFS | Annual Financial Statement |
| AGM | Annual General Meeting |
| AIC | Agricultural Insurance Company |
| AIDBs | All India Development Banks |
| AIF | Alternative Investment Fund |
| AIFIs | All India Financial Institutions |
| ALCO | Asset Liability Committee |
| ALM | Asset Liability Management |
| AMEX | American Express |
| AMFL | Association of Mutual Funds in India |
| AML | Anti-Money Laundering |
| AMRMS | Audit and Risk Monitoring Mechanism |
| ANBC | Adjusted Net Bank Credit |
| ANSI | American National Standards Institute |
| APACS | Association of Payment and Clearing Services |
| APSFC | andhra Pradesh State Financial Corporation |
| ARC | Asset Reconstruction Companies |
| ARCIL | Asset Reconstruction Company of India Limited |
| ASBA | Applications Supported Bank Accounts |
| ASSOCHAM | Associated Chambers of Commerce and Industry of India |
| ATM | Automated Teller Machine |
| BACS | Bankers Automated Clearing System |
| BBR | Bank Base Rate |
| BCBS | Basel Committee on Banking Supervision |
| BCP | Branch Credit Plan |
| BCSBI | Banking Codes and Standards Board of India |
| BFS | Board of Financial Supervision |
| BIS | Bank for International Settlements |
| BLBC | Block-Level Bankers Committee |
| BO | Banking Ombudsman |
| BOB | Bank of Baroda |
| BOD | Board of Directors |
| BOE | Bill of Exchange |
| BOI | Bank of India |
| BOP | Balance of Payments |
| BOR | Bank of Rajasthan |
| BOT | Build,Operate and Transfer |
| BPC | Benefits Processing Corp |
| BPLR | Benchmark Prime Lending Rate |
| BR Act | Banking Regulations Act, 1949 |
| BSCS | Basel Committee on Banking Supervision |
| BSE | Bombay Stock Exchange |
| BSR | Basic Statistical Returns |
| CA | Chartered Accountant |
| CAAP | Capital Adequacy Assessment Process |
| CAD | Current Account Deficit |
| CAG | Controller and Auditor General |
| CAMELS | Capital, Assets, Management, Earnings, Liquidity, and Systems and Control |
| CAR | Capital Adequacy Ratio |
| CARE | Credit Analysis and Research Limited |
| CASA | Current and Savings Accounts |
| CB | Canara Bank |
| CBI | Common Bank of India Central bureau of Investigation |
| CBLO | Collateralized Bank Lending Obligations |
| CBS | Core Banking Solution |
| CBT | Computer-Based Terminal |
| CC | Cash Credit |
| CCB | Central Co-operative Bank |
| CCIL | Clearing Corporation of India Limited |
| CCL | Cash Credit Limit |
| CD | Certificate of Deposit |
| CD Ratio | Credit Deposit Ratio |
| CDB | Caribbean Development Bank |
| CDBS | Committee of Direction on Banking Statistics |
| CDR | Corporate Debt Restructuring |
| CDS | Credit Default Swap |
| CED | Centre For Entrepreneurship Development |
| CEPA | Comprehensive Economic Partnership Management |
| CFMS | Centralised Funds Management System |
| CFRA | Combined Finance and Revenue Accounts |
| CFS | Committee on The Financial System |
| CGRA | Currency and Gold Revaluation Account |
| CHAPS | Clearing House Automated Payment System |
| CIBIL | Credit Information Bureau of India Limited |
| CLB | Company Law Board |
| CLF | Collateralised Lending Facility |
| CMA | Collateral Management Agreement |
| CMIS | Currency Management Information System |
| CMP | Current Market Price |
| CNP | Card Not Present |
| COB | Corporation Bank |
| CP | Colombo Plan |
| CPFF | Commercial Paper Funding Facility |
| CPI | Consumer Price Index |
| CPs | Commercial Papers |
| CRAR | Capital To Risk Weighted Asset Ratio |
| CRILC | Central Repository of Information on Large Credits |
| CRISIL | Credit Rating Information Services Of India |
| CRM | Customer Relationship Management |
| CRMD | Credit Risk Management Department |
| CRR | Cash Reserve Ratio |
| CSGLA | Constituent’s Subsidiary General Ledger Account |
| CSR | corporate social responsibility |
| CTI | Country Threat Index |
| CUB | City Union Bank |
| DB | Dena Bank |
| DCCB | District Central Cooperative Banks |
| DCP | District Credit Plan |
| DD | Demand Draft |
| DDM | District Development Manager |
| DFI | Development Financial Institutions |
| DFID | Department For International Development |
| DICGC | Deposit Insurance and Credit Guarantee Corporation |
| DIR | Differential Interest Rate |
| DNPD | Derivatives and New Products Departments |
| DPG | Deferred Payment Guarantee |
| DPN | Demand Promissory Note |
| DPs | Depository Participants |
| DR! | Beneficiaries of Differential Interest Rate |
| DRAT | Debt Recovery Appellate Tribunal |
| DRI | Differential Rate Of Interest |
| DRT | Debt Recovery Tribunals |
| DSCR | Debt Service Coverage Ratio |
| DTAA | Double Taxation Avoidance Agreement |
| EADB | East African Development Bank |
| EBRD | European Bank for Reconstruction and Development |
| ECB | External Commercial Borrowings |
| ECD | European Central Bank |
| ECS | Electronic Clearing System |
| ED | Enforcement Directorate |
| EDF | Export Development Fund |
| EDI | Electronic Data Internchange |
| EDP | Entrepreneurship Development Programme |
| EEFC | Exchange Earners’ Foreign Currency |
| EFT | Electronic Funds Transfer |
| EFTPOS | Electronic Funds Transfer At Point Of Sale |
| EIB | European Investment Bank |
| ELSS | Equity Linked Saving Scheme |
| EPFO | Employees’ Provident Fund Organisation |
| EPOS | Electronic Point Of Sale |
| EPS | Earning per Share |
| ESI | Employees’ State Insurance |
| ESOP | Employee Stock Options |
| ETFs | Exchange Traded Funds |
| EXIM | Export Import Bank of India |
| FATF | FERA Financial Action Task Force |
| FCA | Foreign Currency Assets |
| FCCB | Foreign Currency Convertible Bond |
| FCD | Fully Convertible Debentures |
| FCNR | Foreign Currency Non Resident Deposit Accounts |
| FCNRA | Foreign Currency Non resident Account |
| FD | Fixed Deposit |
| FDI | Fixed Deposit Income |
| FEDAI | Foreign Exchange Dealers Association Of India |
| FEMA | Foreign Exchange Management Act |
| FERA | Foreign Exchange Regulation Act |
| FFA | Federal Financial Assistance |
| FFB | Federal Financing Bank |
| FICCI | Federation of Indian Chambers of Commerce and Industry |
| FII | Foreign Institutional Investor |
| FIMMDA | Fixed Income Money Market and Derivatives Association of India |
| FINO | Financial Information Network and Operation Limited |
| FIPB | Foreign Investment Promotion Board |
| Fls | Financial Institutions |
| FOB | Free On Board |
| FPI | Foreign Portfolio Investment |
| FRB | Federal Reserve Bank |
| FRNs | Floating Rate Notes |
| FRO | Foreigners Registration officer |
| FRRO | Foreigners Regional Registration officer |
| FSRASC | Financial Sector Regulatory Appointment Search Committee |
| FSS | Financial Software Systems |
| FTA | Free Trade Agreement |
| GAAR | General Anti Avoidance Rule |
| GDCF | Gross Domestic Capital Formation |
| GDP | Gross Domestic Product |
| GDR | Global Depository Receipt |
| GFD | Gross Fiscal Deficit |
| GIPSA | General Insurance Public Sector Association |
| GIRO | Government Internal Revenue Order |
| GlC | General Insurance Corporation of India |
| GMS | Gold Monetisation Scheme |
| GST | Goods and Services Tax |
| GSTN | Goods and Services Network |
| GSTPA | Global Straight Through Processing Association |
| HFCs | Housing Finance Companies |
| HPFC | Himachal Pradesh Financial Corporation |
| HSBC | Hong Kong and Shanghai Banking Corporation |
| HUDCO | Housing and Urban Development Corporation |
| IADB | Inter American Development Bank |
| IAS | Integrated Accounting Systems |
| IBA | Indian Bank Association |
| IBBI | Insolvency and Bankruptcy Board of India |
| IBRD | International Bank for Reconstruction and Development |
| IBS | International Banking Statistics |
| IBU | International Banking Unit |
| ICA | Indian Council of Agricultural Research |
| ICAO | International Civil Aviation Organisation |
| ICC | Integrated Circuit Card |
| ICFAI | INSTITUTE OF CHARTERED FINANCIAL ANALYSTS OF INDIA |
| ICRA | Investment Information and Credit Rating Agency of India Limited |
| IDB | Islamic Development Bank |
| IDFC | Infrastructure Development Finance Company Limited |
| IDR | Indian Depository Receipts |
| IDRBT | Institute for Development and Research Of Banking |
| IEPF | Investors Education and Protection Fund |
| IFC | International Finance Corporation |
| IFCI | INDUSTRIAL FINANCE CORPORATION OF INDIA |
| IIB | International Investment Bank |
| IIBF | Indian Institute of Banking and Finance |
| IIBI | Industrial Investment Bank of India |
| IIBM | Indian Institute of Bank Management |
| IIFCL | India Infrastructure Finance Company Limited |
| IIFT | Indian Institute of Foreign Trade |
| IIP | Index of Industrial Production |
| IMD | India Millennium Deposits |
| IMF | International Monetary Fund |
| IMT | Instant Money Transfer |
| INFINET | Indian Financial Network |
| INR | Indian Rupee |
| IOB | Indian Overseas Bank |
| IP | Internet Provider |
| IPO | Initial Public Offer |
| IPPB | India Post Payments Bank |
| IPSS | Integrated Payment and Settlement System |
| IRCI | Industrial Reconstruction Corporation of India Limited |
| IRBI | Industrial Reconstruction Bank Of India |
| IRDA | Insurance Regulatory and Development Authority of India |
| IRDP | Integrated Rural Development Programme |
| IRE | Internal Rating Based |
| IROs | Interest rate options |
| IRR | Internal Rate Of Return |
| ISCI | International Standard Industrial Classification |
| ISIN | International Securities Identification Number |
| ISO | International Standard Organisation |
| IVP | Indira Vikas Patra |
| JCB | Japan Credit Bureau |
| JLGs | Joint Liability Groups |
| KCC | Kisan Credit Card |
| KMB | Kotak Mahindra Bank |
| KVB | Karur Vysya Bank |
| KVIC | Khadi and Village Industries Corporation |
| KVP | Kisan Vikas Patra |
| KYC | Know Your Customer Guidelines |
| LAB | Local Area Bank |
| LAF | Liquidity Adjustment Facility |
| LAMPS | Large Sized Adivasi Multipurpose Societies |
| LAN | Local Area Network |
| LAS | Loan & Advances by States |
| LBD | Land Development Bank |
| LBS | Locational Banking Statistics |
| LDB | Land Development Bank |
| LERMS | Liberalized Exchange Rate Management System |
| LETS | Local Exchange Trading Systems |
| IIBI | Industrial Investment Bank of India Limited |
| LIBOR | London Inter Bank Offered Rate |
| LIC | Life Insurance Corporation Of India |
| LOC | Lines of Credit |
| LTCG | Long-Term Capital Gains |
| LTF | Long-Term Finance |
| LTN | Long Term Note |
| M&As | Mergers and Acquisitions |
| MBFC | Mutual Benefit Financial Company |
| MCA | Ministry Of Company Affairs |
| MEDP | Multinational Design Evaluation Progrrame |
| MFDF | Micro Finance Development Fund |
| MFIs | Micro-Financial Institutions |
| MIBOR | Mumbai Inter Bank Offer Rate |
| MIRSD | Market Intermediaries Registration and Supervision Department |
| MIS | Management Information System |
| MNBCs | Miscellaneous Non-Banking Companies |
| MPBF | Maximum Permissible Bank Finance |
| MRD | Market Regnlation Department |
| MSS | Market Stabilisation Scheme |
| MTN | Medium Term Note |
| MTNs | Medium-Term Notes |
| MUDRA | Micro Units Development And Refinance Agency |
| NABARD | National Bank For Agricultural And Rural Development |
| NAFCUB | National Federation of Urban Cooperative Banks and Credit Societies |
| NAFED | National Agricultural Cooperative Marketing Federation |
| NAS | National Account Statistics |
| NAV | Net Asset Value |
| NBC | Non Banking Companies |
| NCAER | National Council of Applied Economic Research |
| NCC | National Clearing Cells |
| NCMC | National Common Mobility Card |
| NCS | Network Computing System |
| NDA | Net Domestic Asset |
| NDC | Non-Dues Certificate |
| NDS | Negotiated Dealing Systems |
| NDSAP | National Data Sharing and Accessibility Policy |
| NDTL | Net Demand And Time Liability |
| NECS | National Electronic Clearing System |
| NFA | No Frills Account |
| NFC | Non Banking Finance Companies |
| NFS | National Financial Switch |
| NGO | Non-Governmental Organisation |
| NHB | National Housing Bank |
| NIB | Nordic Investment Bank |
| NII | Net Interest Income |
| Nof | Net Owned Funds |
| NPCI | National Payments Corporation Of India |
| NPLM | Non-Performing Loan Management |
| NPS | National Pensions Scheme |
| NPV | Net Present Value |
| NRE | Non Resident External Account |
| NRI | Non Resident Indian |
| NRNR | Non-Resident Non-Repatriable Term Deposit Account |
| NRO | Non-Resident Ordinary Account |
| NRSR | Non-Resident (Special) Rupee Account |
| NSE | National Stock Exchange |
| NSFDC | National Scheduled Castes Finance And Development Corporation |
| NSIC | National Small Industries Corporation |
| NSS | National Savings Scheme |
| OBC | Oriental Bank of Commerce |
| OBE | Off-Balance Sheet Exposures |
| OBUs | Offshore Banking Units |
| OCB | Overseas Corporate Bodies |
| OD | Overdraft |
| ODIs | Offshore/Overseas Derivative Instruments |
| OECD | Organisation For Economic Cooperation And Development |
| OFCS | Offshore Financial Centers |
| OLTAS | Online Tax Accounting System |
| OMO | Open Market Operations |
| OTCEI | Over the Counter Exchange Of India |
| OTP | One-Time Password |
| OTS | One-Time Settlement |
| PACS | Primary Agricultural Credit Societies |
| PAN | Permanent Account Number |
| PBS | Projected Balance Sheet |
| PBT | Profit Before Tax |
| PC | Participation Certificate |
| PCA | Prompt Corrective Action |
| PCARDB | Primary Cooperative Agriculture and Rural Development Bank |
| PCDs | Partly Convertible Debentures |
| PDO | Public Debt Office |
| PEP | Personal Equity Plans |
| PF | Provident Fund |
| PFls | Public Financial Institutions |
| PFRDA | Pension Fund Regulatory and Development Authority |
| PGS | Payment Gateway System |
| PIN | Personal Identification Number |
| PIO | People of Indian Origin |
| PIS | Portfolio Investment Scheme |
| PKI | Public Key Infrastructure |
| PLIs | Prime Lending Institutions |
| PLP | Potential Linked Plan |
| PLR | Prime Lending Rate |
| PMLA | Prevention of Money Laundering Act |
| PNB | PUNJAB NATIONAL BANK |
| P-Notes | Participatory Notes |
| POA | Power of Attorney |
| PoS | Point of Sale |
| PPF | Public Provident Fund |
| PPIs | Prepaid Payment Instruments |
| PRSF | Partial Risk Sharing Facility |
| PSBs | Public Sector Banks |
| PTCs | Pass-Through Certificates |
| QIB | Qualified Institutional Bankers |
| QIP | Qualified Institutional Placement |
| QIS | Quantitative Impact Study |
| RAROC | Risk-Adjusted Return On Capital |
| RBS | Royal Bank of Scotland |
| RCF | Risk Capital Foundation |
| RCI | Refinance Corporation For Industry |
| RDBMS | Relational Database Management System |
| RDDBFI | Recovery of Debt due to Banks and Financial Institutions |
| REC | Rural Electrification Corporation |
| REPOS | Ready Forward Contracts |
| RFC | Resident Foreign Currency |
| RFID | Radio Frequency Identification |
| RIDF | Rural Infrastructure Development Fund |
| RML | Reverse Mortgage Loan |
| RNBCs | Residuary Non-Banking Companies |
| RoA | Return On Assets |
| ROC | Registration of Companies |
| RoE | Return On Equity |
| RRB | Regional Rural Bank |
| RWA | Risk Weighted Assets |
| SACs | Settlement Advisory Committees |
| SAMIS | Strategic Asset Management Information System |
| SARFAES | Securities and Reconstruction of Financial and Enforcement of Security Interest |
| SARFAESI | Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest |
| SBI | State Bank of India |
| SCB | Scheduled Commercial Bank |
| SCC | Selective Credit Control |
| SDBS | Service Discharge Benefit Scheme |
| SDR | Special Drawing Rights |
| SDS | Special Deposit Scheme |
| SEBI | Securities and Exchange Board of India |
| SEPA | Single Euro Payment Area |
| SEPUP | Self-Employment Programme For Urban Poor |
| SEZs | Special Economic Zones |
| SFCs | State Financial Corporations |
| SFMS | Structured Financial Messaging Services |
| SGB | Sovereign Gold Bond |
| SGSY | Swarnajayanti Gram Swarojgar Yojana |
| SHG | Self Help Group |
| SIDBI | Small Industries And Development Bank Of India |
| SIDC | State Industrial Development Corporation |
| SIFI | Systematically Important Financial Intermediaries |
| SIM | Subscriber Identity Module |
| Sip | Systematic Investment Plans |
| SIPS | Systemically Important Payment System |
| SJSRY | Swarna Jayanthi Shahari Rozgar Yojana |
| SLBC | State-Level Bankers’ Committee |
| SLR | Statutory Liquidity Ratio Single Lens Reflex |
| SLRS | Scheme for Liberation and Rehabilitation of Scavengers |
| SME | Small and Medium Industries |
| SMERA | SME Rating Agency of India Limited |
| SMILE | SIDBI Make in India Loan for small Enterprises |
| SPNS | Shared Payment Network System |
| SPOM | Self-Programmable One-Chip Microcomputer |
| Spy | Special Purpose Vehicle |
| SSI | Small Scale Industries |
| SSIDC | State Small Industries Development Corporation |
| SSls | Small Scale Industries |
| SSSBE | Small Scale Service and Business Enterprises |
| STD | Short Term Deposit |
| STF | Short-Term Finance |
| STP | Straight -Through Processing |
| SWIFT | Society For Worldwide Inter Bank Financial Telecommunication |
| T/T | Telegraphic Transfer |
| TAN | Transaction Number/Tax Deduction Account Number |
| TCS | Tata Consultancy Services |
| TDF | Technical Development Fund |
| TDICI | Technology Development and Information Company of India Limited |
| TDS | Tax Deducted at Source |
| TIEA | Tax Information and Exchange Agreement |
| TIN | Tax Information Network |
| UBB | Uniform Balance Book |
| UBD | Urban Banks Department |
| UBI | United Bank of India |
| UBIN | Unique Business Identification Number |
| UCB | Urban Cooperative Bank |
| UCN | Uniform Code Number |
| UCO | United Commercial Bank |
| UEBA | Universal Electronic Bank Account |
| UIC | Unique Identification Code |
| UIDAI | Unique Identification Authority of India |
| UPIN | Unique Property Identification Numbers |
| USB | Ultra Small Branch |
| USD | United States Dollar |
| USSD | Unstructured Supplementary Service Data |
| UTI | Unit Trust of India |
| VCFs | Venture Capital Funds |
| VCP | Village Credit Plan |
| VDBS | Vertically Differentiated Banking System |
| VRS | Voluntary Retirement Scheme |
| VUB | Vseobecmi Uverova Banka |
| WAN | Wide Area Network |
| WBCIS | Weather Based Crop Insurance Scheme |
| WCDL | Working Capital Demand Loan |
| WCTL | Working Capital Term Loan |
| WL ATM | White Label ATM |
| WMA | Ways and Means Advances |
| WOS | Wholly Owned Subsidiary |
| WPI | Wholesale Price Index |
| YTM | Yield to Maturity |