Banking Abbreviations for Bank Exams – IBPS RRB PO Clerk

Banking Abbreviations of IBPS RRB PO clerk bank exams

Bank Abbreviations 2014

Bank Abbreviations 2014

Abbreviations are very common topics in all competitive exams especially in banking examinations like IBPS, RRB, SBI or any other private bank exams and for other competitive exams. This is very important topic in the examination there will be a questions of different patterns based on this abbreviations. There will be an at least of 2-4 questions on this abbreviations in any type of government exams. There will be no shortcut form to remember these banking abbreviations one must remember and practice those, everyone has their one method to remember this abbreviations. The candidates who are preparing for the bank exams must focus on this abbreviations, you have to keep some particular things by which you can easily remember that particular word or abbreviation easily. However there are abbreviations the only best way to remember all is to practice a lot. We mean to say that while you are reading that abbreviations try to keep it on paper as many times as possible. But you need to think of the word and concentrate on what you are reading and writing. If you practice by writing there will be more chance for remembering the abbreviations. We are providing the abbreviations which are most commonly asked in the banking sector and in all other government exams. So, guys keep more concentration while studying these abbreviations that is what we want to suggest you. We are sure that there will be at least 2-3 bits from below mentioned abbreviations in your exam and one during your interview. For further more information and also for other additional abbreviations for banking exams and also for other exams keep visiting our site regularly.

Name of the post: Banking Abbreviations

Some of the Abbreviations are as follows:

UTI – Unit Trust of India

WPI – Wholesale Price Index

EDI – Electronic Data Interchange

SLR – Statutory Liquidity Ratio

SLRS – Scheme for Liberation and Rehabilitation of Scavengers

EMI – Equated Monthly Installments

EPS – Earning per Share

ESOP – Employee Stock Options

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

PDO – Public Debt Office

PIN – Personal Identification Number

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

SIDBI – Small Industries Development Bank of India

SIDC – State Industrial Development Corporation

SJSRY – Swarms Jayanthi Shahari Rozgar Yojana

SSI – Small Scale Industries

SME – Small and Medium Industries

SSSBE – Small Scale Service and Business Enterprises

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

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

LIC – Life Insurance Corporation of India

IEPF – Investors Education and Protection Fund

NEFT – National Electronic Fund Transfer

RTGS – Real Time Gross Settlement

NPA – Non Performing Assets

QIB – Qualified Institutional BuyersSLR – Statutory Reserve Ratio

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

BOE – Bill of Exchange

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

SMERA – SME Rating Agency of India Limited

NBFC – Non Banking Finance Companies

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 Advice Multipurpose Societies

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