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. CAR: Capital Adequecy Ratio

15. FIIs: Foreign Institutional Investments

16. FDI: Foreign Direct Investment

17. IPO: Initial Public Offering

18. MICR: Magnetic Ink Character Recognition

19. BIRD: Bankers Institute Of Rural Development

20. IBA: Indian Bank Association

21. BPLR: Benchmark Prime Lending Rate

22. SWOT: Strength, Weaknesses, Opportunities And Threats

23. SWIFT: Society For Worldwide Interbank Financial Telecommunication

24. FERA: Foreign Exchange Regulatory Act

25. FEMA: Foreign Exchange Management Act

26. CASA: Current And Saving Account

27. NDTL: Net Demand And Time Liabilities

28. NASDAQ: National Association For Securities Dealers Automated Quotations

29. CRISIL: Credit Rating And Investment Services India Limited

30. CIBIL: Credit Information Bureau Of India Limited

31. NAV: Net Asset Value

32. ICRA: Indian Credit Rating Agency

33. CARE: Credit Analysis And Research Limited

34. INFINET: Indian Financial Network

35. OLTAS: On-line Tax Accounting System (OLTAS) for Direct Taxes

36. TIN: Tax Information Network (TIN)

37. IMPS: Interbank Mobile Payment Service (IMPS) or Immediate Payment Service

38. CDR: Corporate Debt Restructuring

39. CAD: Capital Account Deficit

40. REITs: Real Estate Investment Trusts

41. ASBA: Application Supported by Blocked Amount

42. PIN: Personal Identification Number

43. DTAA: Double Taxation Avoidance Agreement

44. ECBs: External Commercial Borrowings

45. EFSF: European Financial Stability Facility

46. FINO: Financial Inclusion Network Operation

47. FIPB: Foreign Investment Promotion board

48. FSLRC: Financial Sector Legislative Reforms Commission

49. CRAR: Capital to Risk-weighted Assets Ratio

50. LCR: Liquidity Coverage Ratio

51. TARC: Tax Administration Reform Commission

52. FRBMA: Fiscal Responsibility and Budget Management Act

53. TIEA: Tax Information exchange Agreement

54. BCSBI: Banking Codes and Standards Board of India.

55. BIS: Bank for International Settlements.

56. CDS: Credit Default Swap.

57. FIMMDA: Fixed Income Money MARKETS and Derivatives Association.

58. FPI: Foreign Portfolio Investment.

59. IBRD: International Bank For Reconstruction And Development.

60. UIDAI: Unique Identification Development Authority of India

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