FINANCIAL AWARENESS ABBREVIATIONS

ADR American Depository Receipts

ALM Asset Liability Management

AML Anti - Money Laundering

ATM Automated Teller Machine

AMC Asset Management Company

ANBC Adjusted Net Bank Credit

AGM Annual General Meeting

ARC Asset Reconstruction Company

ASBA Applications Supported by Blocked Amount

AEPS Aadhaar Enabled Payment System

AD Authorised Dealer

AMFI Association of Mutual Funds in India

ASSOCHAM Associated Chambers of Commerce & Industry of India

ANBC Adjusted Net Bank Credit

BCSBI Banking Codes and Standards Board of India

BBB Bank Board Bureau

BC Business Correspondent

BCBS Basel Committee on Banking Supervision

BFS Board of Financial Supervision

BIS Bank for International Settlements

BoP Balance of Payment

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 BPL Below Poverty Line

BSBDA Basic Savings Bank Deposit Account

BPO Business Process Outsourcing

CAR Capital Adequacy Ratio

CBS CORE Banking Solution

CD Certificate of Deposit

CDR Corporate Debt Restructuring

CP Commercial Paper

CRAR Capital to Risk Weighted Asset Ratio

CRR Cash Reserve Ratio

CTS Cheque Truncation System

CAMELS Capital, Assets, Management, Earnings, Liquidity, and System Control

CAD Current Account Deficit

CAGR Compound Average Growth Rate

CPI Consumer Price Index

CIF Customer Information File

CSR Corporate Social Responsibility

CVV Card Verification Value

CASA Current Account & Savings Account

CDSL Central Depository Services Limited

CBLO Collateralized Borrowing & Lending Obligation

CIBIL Credit Information Bureau (India) Limited

CRISIL Credit Rating Information Services of India Limited

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 CENVAT Central Value Added Tax

DICGC Deposit Insurance and Credit Guarantee Corporation

DTAA Double Taxation Avoidance Agreement

DTC Direct Tax Code

DCCB District Central Co Operative Bank

DBT Direct benefit Transfer

DSA Direct Selling Agent

DP Depository Participant

DRT Debt Recovery Tribunal

DIR Differential Interest Rate

DD Demand Draft

EBT Electronic Benefit Transfer

ECB External Commercial Borrowing

ECS Electronic Clearing Service

EFT Electronic Fund Transfer

EPF Employee Provident Fund

EMI Equated Monthly Instalment

EPS Earnings Per Share

ETF Exchange Traded Fund

ELSS Equity Linked Savings Scheme

EBITDA Earnings Before Interest, Taxes, Depreciation & Amortisation

ECGC Exports Credit Guarantee Corporation

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 F

FEMA Foreign Exchange Management Act

FCCB Foreign Currency Convertible Bond

FDI Foreign Direct Investment

FII Foreign Institutional Investor

FPI Foreign Portfolio Investor

FIMMDA Fixed Income Money Market & Derivatives Association of India

F&O Futures & Options

FRBM Fiscal Responsibility & Budget Management

FTA Free Trade Area

FPO Follow on Public Offer

FIPB Foreign Investment Promotion Board

FMCG Fast Moving Consumer Goods

FLCC Financial Literacy & Credit Counselling Centre

FICCI Federation of Indian Chambers of Commerce & Industry

FATF Financial Action Task Force

FCNR A/c Foreign Currency Non-Resident Account

FSDC Financial Stability & Development Council

GAAR General Anti Avoidance Rule

GDP Gross Domestic Product

GNP Gross National Product

GDR Global Depository Receipt

GAAP Generally Accepted Accounting Principles

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 G-Sec Government Security

GST Goods and Service Tax

GIC General Insurance Corporation

HUF Hindu Undivided Family

I
Insurance Regulatory and Development Authority of India
IRDAI

IBRD International Bank for Reconstruction & Development

IFSC Indian Financial System Code

IMF International Monetary Fund

IIP Index of Industrial Production

INFINET Indian Financial Network

IRR Internal Rate of Return

ISIN International Securities Identification Number

IPO Initial Public Offer

IDR Indian Depository Receipt

IBA Indian Banks’ Association

ICICI Industrial Credit Investment Corporation of India

IDBI Industrial Development Bank of India

IFCI Industrial Finance Corporation of India

IDFC Infrastructure Development Finance Company

IMPS Immediate Payment Service / Interbank Mobile Payment System

KCC Kisan Credit Card

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 KVP Kisan Vikas Patra

KYC Know Your Customer

LAB Local Area Bank

LAF Liquidity Adjustment Facility

LC Letter of Credit

LBS Lead Bank Scheme

LIBOR London Inter-Bank Offered Rate

M1 Narrow Money

M3 Broad Money

MFI Micro Finance Institution

MCLR Marginal Cost of Funds Based Lending Rate

MICR Magnetic Ink Character Recognition

MF Mutual Fund

MIS Management Information System

MIGA Multilateral Investment Guarantee Agency

MSME Micro, Small & Medium Enterprise

MSS Market Stabilization Scheme

MoU Memorandum of Understanding

MAT Minimum Alternate Tax

MSF Marginal Standing Facility

MIBOR Mumbai Inter – Bank Offered Rate

MGNREGA Mahatma Gandhi National Rural Employment Guarantee Act

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 MSP Minimum Support Price

NABARD National Bank for Agriculture and Rural Development

NBFC Non-Banking Finance Company

NDTL Net Demand and Time Liability

NEFT National Electronic Fund Transfer

NITI Aayog National Institution for Transforming India Aayog

NPA Non-Performing Asset

NIM Net Interest Margin

NII Net Interest Income

NAV Net Asset Value

NII Act Negotiable Instruments Act

NSDL National Securities Depositories Limited

NSC National Savings Certificate

NHB National Housing Bank

NIFTY National Stock Exchange Fifty

NASSCOM National Association of Software & Services Companies

NPCI National Payments Corporation of India

NEER Nominal Effective Exchange Rate

OCB Overseas Corporate Body

OD Over Draft

OTP One Time Password

OMO Open Market Operations

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 OFS Offer for Sale

OLTAS Online Tax Accounting System

PAN Permanent Account Number

PIN Personal Identification Number

PoS Point of Sale

PSA Priority Sector Advances

PD Primary Dealer

PIO Person of Indian Origin

PML Act Prevention of Money Laundering Act

PKI Public Key Infrastructure

PFRDA Pension Fund Regulatory & Development Authority

PPP Public Private Partnership / Purchasing Power Parity

POA Power of Attorney

PMJDY Pradhan Mantri Jan Dhan Yojana

PMJJBY Pradhan Mantri Jeevan Jyothi Bima Yojana

PMSBY Pradhan Mantri Suraksha Bima Yojana

Q
Qualified Institutional Buyer
QIB

QIP Qualified Institutional Placement

REPO Repurchase Agreement

RIDF Rural Infrastructure Development Fund

RRB Regional Rural Bank

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 RTGS Real Time Gross Settlement

RTI Act Right To Information Act

REER Real Effective Exchange Rate

ROA Return on Assets

ROE Return on Equity

SARFAESI Securitization & Reconstruction of Financial Assets & Enforcement of Security Interest

SCB Scheduled Commercial Bank

SCRA Securities Contracts (Regulations) Act

SEBI Securities Exchange Board of India

SHG Self Help Group

SLR Statutory Liquidity Ratio

SME Small and Medium Enterprise

SWIFT Society for Worldwide Inter Bank Financial Telecommunication

SEZ Special Economic Zone

SSI Small Scale Industry

SDR Special Drawing Right

SFC State Finance Corporation

SIDBI Small Industries Development Bank of India

TDR Term Deposit Receipt

TDS Tax Deducted at Source

T-Bill Treasury Bill

TAN Tax Deduction & Collection Account Number

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 TIN Tax Information Network

UTI Unit Trust of India

UCB Urban Co-Operative Bank

ULIP Unit Linked Insurance Plan

UIDAI Unique Identification Authority of India

VCF Venture Capital Fund

VAT Value Added Tax

WPI Wholesale Price Index

WLA White Label ATM

WOS Wholly Owned Subsidiary

WMA Ways and Means Advance

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