Bank Abbreviations
Banking abbreviations guide, your resource for understanding everyday banking and financial services industry acronyms.
This guide list will help you to navigate the alphabet of banking, enhance your communication skills and build confidence in your professional interactions. It will also serve as a handy refresher for seasoned professionals, helping them stay current with the latest acronyms in the evolving financial industry.
Use it for quick reference to ensure your effective communication with colleagues, clients, and regulators, maintaining clarity and professionalism.
AACS
As Applicable to Cooperative Societies
ABS
Asset Backed Securities
ACH
Automatic Clearing House
ACU
Asian Clearing Union
AD
Authorized Dealer
ADR
Asset Development Reserve
AEBC
American Express Banking Corporation
AEBL
American Express Bank Limited
AFC
Asset Finance Companies
AFI
Annual Financial Inspection
AFS
Available For Sale
AICCCA
Association of Independent Consumer Credit Counselling Agencies
AIFIs
All India Financial Institutions
ALD
Aggregate Liability to Depositors
ALM
Asset Liability Management
AMA
Asset Liability Management
AMC
Asset Management Company
AML
Anti-Money Laundering
ANBC
Adjusted Net Bank Credit
APG
Asia Pacific Group
APRACA
Asia Pacific Regional Agricultural Credit Association
APRs
Annual Performance Reports
ARC
Asset Reconstruction Company
ARCIL
Asset Reconstruction Company (India)
AS
Accounting Standard
ASEAN
Association of South East Asian Nations
ASIC
Australian Securities & Investment Commission
ASSOCHAM
The Associated Chambers of Commerce and Industry of India
ATM
Automated Teller Machine
BC
Business Correspondent
BCBS
Basel Committee on Banking Supervision
BCP
Business Continuity Planning Process
BCP
Basel Core Principles
BCSBI
Banking Codes and Standards Board of India
BF
Business Facilitator
BFS
Board for Financial Supervision
BIA
Basic Indicator Approach
BIFR
Board
BIS
Bank for International Settlements
BLA
Bond Ledger Account
BO
Banking Ombudsman
BoP
Balance of Payments
BOS
Banking Ombudsman Scheme
BPLR
Benchmark Prime Lending Rate
BPO
Business Process Outsourcing
BPSS
Board for Regulation and Supervision of Payment and Settlement Systems
BRBNMPL
Bharatiya Reserve Bank Note Mudran Private Limited
BSE
Bombay Stock Exchange
BSC
Balanced Scorecard
BSR
Basic Statistical Return
BWA
Broadband Wireless Access
CA
Concurrent Audit
CAB
College of Agricultural Banking
CAFL
Center for Advanced Financial Learning
CALCS
Capital Adequacy, Asset Quality, Liquidity, Compliance and System
CAMELS
Capital Adequacy, Asset Quality, Management, Earnings, Liquidity, Systems and Control
CAR
Capacity Assessment Rating
CAS
Central Account Section
CAS
Common Accounting System
CASA
Current & Saving Accounts
CBLO
Colaterised Borrowing and Lending Obligation
CBS
Core Banking Solution
CBS
Corporate Bond Spreads
CCCS
Consumer Credit Counselling Service
CCDM
Credit Counselling and Debt Management
CCF
Credit Conversion Factors
CCIL
Clearing Corporation of India Ltd.
CCP
Cendiv class Counter Party
CCP
Cheque Clearing Policy
CCR
Counterfeit Currency Report
CCs
Currency Chests
CCTV
Closed Circuit Television
CDs
Certificates of Deposit
CD
Certificate of Deposit
CDBS
Currency Disintegration and Briquetting System
CDBS
Committee of Direction on Banking Statistics
CDBMS
Currency Disintegration and Briquetting System
CDF
Cooperative Development Fund
CDO
Collateral Debt Obligations
CDR
Corporate Debt Restructuring
CDRM
Credit Counselling and Debt Management
CDS
Credit Default Swaps
CEM
Current Exposure Method
CEOBSE
Credit Equivalent Amount Off-Balance Sheet Exposure
CFC
Customer Facilitation Cendiv
CFCAC
Committee on Fuller Capital Account Convertibility
CFMS
Centralized Funds Management System
CFS
Consolidated Financial Statements
CFSA
Committee on Financial Sector Assessment
CFSP
Committee on Financial Sector Plan
D&B
Dun & Bradstreet Information Services
DAD
Deposit Accounts Department
DAPM
Department of Administration and Personnel Management
DAPs
Development Action Plans
DARPG
Department of Administrative Reforms and Public Grievances
DBIE
Database on Indian Economy
DBOD
Department of Banking Operations and Development
DBS
Department of Banking Supervision
DCC
District Consultative Committee
DCC
District Coordination Committee
DCCB
District Central Cooperative Bank
DCM
Department of Currency Management
DCRR
Department for Cooperative Revival and Reforms
DEAP
Department of Economic Analysis and Policy
DEBC
Department of Expenditure and Budgetary Control.
DEIO
Department of External Investments and Operations
DER
Debt Equity Ratio
DFI
Development Finance Institution
DGBA
Department of Government and Bank Accounts
DICGC
Deposit Insurance and Credit Guarantee Corporation
DIT
Department of Information Technology
DLIC
District Level Implementation Committee
DLIC
District Level Implementation and Monitoring Committee
DMA
Direct Marketing Agent
DMIS
Document Management Information System
DNBS
Department of Non-Banking Supervision
DNSS
Deferred Net Settlement Systems
DOC
Department of Communication
DOT
Department of Telecommunications
DPSS
Department of Payment and Settlement Systems
DR
Disaster Recovery
DRI
Differential Rate of Interest
DRG
Development Research Group
DRIP
District Rural Industries Project
DRT
Debt Recovery Tribunal
DSA
Direct Sales Agent
DSIM
Department of Statistics and Information Management
DTA
Deferred Tax Asset
DTC
Direct Tax Code
DTL
Demand and Time Liability
DTL
Differed Tax Liability
DvP
Delivery versus Payment
EaR
Earnings at Risk
EBR
Export Bills Rediscounted
EBT
Electronic Benefit Transfer
ECB
External Commercial Borrowing
ECGC
Export Credit Guarantee Corporation
ECM
Economic Capital Model
ECR
Export Credit Refinance
ECS
Electronic Clearing Services
EEA
Exchange Equalization Account
EEFC
Exchange Earners’ Foreign Currency
EFT
Electronic Fund Transfer
EKP
Enterprise Knowledge Portal
EME
Emerging Market Economy
EMEs
Emerging Market Economies
EMS
Estate Management System
EOL
Expression on Interest
EPCG
Export Promotion Capital Goods
ESOP
Employee Stock Option Plans
ESRB
European Systemic Risk Board
ETF
Empowered Task Force
EWS
Early Warning System
EXIM Bank
Export Import Bank of India
FATF
Financial Action Task Force
FAQs
Frequently Asked Questions
FBT
Fringe Benefit Tax
FCs
Financial Conglomerates
FC
Financial Conglomerates
FCA
Foreign Currency Asset
FCAC
Fuller Capital Account Convertibility
FCCB
Foreign Currency Convertible Bond
FCL
Flexible Credit Line
FCNR
Foreign Currency Non-Resident
FCNR
Foreign Currency Non-Resident (Banks)
FDI
Foreign Direct Investment
FDIC
Federal Deposit Insurance Corporation
FEMA
Foreign Exchange Management Act
FFI
Foreign Financial Institution
FFMC
Full Fledge Money Changer
FI
Financial Institution
FIF
Financial Inclusion Fund
FII
Foreign Institutional Investor
FIMMDA
Fixed Income Money Market and Derivatives Association of India
FINO
Financial Information Network and Operations
FIP
Financial Inclusion Plan
FIPB
Foreign Investment Promotion Board
FIR
First Information Report
FIRC
First International Research Conference
FITF
Financial Inclusion Technology Fund
FITL
Funded Interest Term Loan
FLCC
Financial Literacy and Credit Counselling Centres
FMC
Financial Markets Committee
FMD
Financial Markets Department
FMS
Focus Market Scheme
FPS
Focus Product Scheme
FRA
Forward Rate Agreement
FRAs
Forward Rate Agreements
FRB
Floating Rate Bond
FRBM
Fiscal Responsibility and Budget Management
FRLs
Fiscal Responsibility Laws
FRMS
Fraud Reporting and Monitoring System
FSA
Financial Service Authority
FSAP
Financial Sector Assessment Program
FSB
Financial Stability Board
FSDC
Financial Stability Development Council
FSF
Financial Stability Forum
FSI
Financial Soundness Indicator
FSR
Financial Stability Report
FSS
Farmers’ Service Societies
FST
Financial Sector Technology
FSU
Financial Stability Unit
FVA
Fair Value Accounting
GAAP
Generally Acceptable Accounting principles
GCC
General Credit Card
GCCs
General-purpose Credit Cards
GCS
Gold Card Scheme
GDCF
Gross Domestic Capital Formation
GDP
Gross Domestic Product
GDR
Global Depository Receipt
GFCF
Gross Fixed Capital Formation
GFD
Gross Fiscal Deficit
GIC
General Insurance Corporation of India
GLC
General Lines of Credit
GMRA
Global Master Repo Agreement
GRF
Guarantee Redemption Fund
GSA
Graded Supervisory Action
GSDP
Gross State Domestic Product
GST
Goods and Services Tax
HAPAs
High Access Precautionary Access
HFC
Housing Finance Companies
HFT
Held for Trading
HLC
High Level Committee
HRDD
Human Resources Development Department
HRMS
Human Resources Management System
HTM
Held to Maturity
HVC
High Value Clearing
IADI
International Association of Deposit Insurers
IAIS
International Association of Insurance Supervisors
IAS
Integrated Accounting System
IASB
International Accounting Standard Board
IBPC
Inter-Bank Participation Certificates
IBS
International Banking Statistics
ICAAP
Internal Capital Adequacy Assessment Process
I-CAT
Institutional Capacity Assessment Tool
ICCOMS
Integrated Computerised Currency Operations and Management Systems
ICD
Inter Corporate Deposits
ICOR
Incremental Capital Output Ratio
ICT
Information and Communication Technology
IDFC
Infrastructure Development Finance Company
IDL
Intra-Day Liquidity
IDMD
Internal Debt Management Department
IDRBT
Institute for Development and Research in Banking Technology
IES
Integrated Establishment System
IFCs
Infrastructure Finance Companies
IFR
Investment Fluctuation Reserve
IFRSs
International Financial Reporting Standards
IIP
Index of Industrial Production
ILO
International Labour Organisation
IMA
Internal Models Approach
IMF
International Monetary Fund
IOs
Inspecting Officers
IOSCO
International Organization of Securities Commissions
IPA
Issuing and Payment Agent
IPC
Irrevocable Payment Commitments
IPDI
Innovative Perpetual Debt Instrument
IPO
Initial Public Offering
IRA
Investment Revaluation Account
IRAC
Income Recognition and Asset Classification
IRB
Internal-Ratings Based
IRDA
Insurance Regulatory and Development Authority
IRDP
Integrated Rural Development Program
IRF
Interest Rate Future
IRS
Interest Rate Swaps
IS
Information Systems
ISO
International Organization for Standardization
IT
Information Technology
ITES
Intra-Group Transactions and Exposures
ITGGSM
Internal Technical Group on Government Securities Market
ITGI
IT Governance Institute
ITIL
Information Technology Infrastructure Library
IVRS
Interactive Voice Response System
IWG
Internal Working Group
JLG
Joint Liability Group
JPC
Joint Parliamentary Committee
KLEMS
Capital, Labour, Energy, Material and Services
KYC
Know Your Customer
LAB
Local Area Bank
LAF
Liquidity Adjustment Facility
LAMPS
Large Adivasi Multi-Purpose Co-operative Societies
LAN
Local Area Network
LIBOR
London Inter-Bank Offered Rate
LME
London Metal Exchange
LOBOM
Lower of Book Value or Market Price
LoC
Letter of Comfort
LPA
Long Period Average
LTCCS
Long-Term Cooperative Credit Structure
LTO
Long Term Operations
LTV
Loan-to-Value
M3
Broad Money
MAP
Monitorable Action Plan
MASI
Management Audit and Systems Inspection
MBC
Mutual Benefit Company
MDB
Multilateral Development Bank
MEDP
Micro Enterprise Development Program
MFDEF
Micro Finance Development and Equity Fund
MFI
Micro Finance Institution
MFIs
Micro-Finance Institutions
MFs
Mutual Funds
MGCS
Mortgage Guarantee Companies
MICR
Magnetic Ink Character Recognition
MIS
Management Information System
MJT
Mobile Job Trainer
MLFPS
Market Linked Focus Product Scheme
MLRO
Money Laundering Reporting Office
MMA
Macro Management of Agricultural Scheme
MMBCS
Magnetic Media Based Clearing System
MMS
Mail Messaging Solution
MMS
Multi-Modal Settlement
MNBC
Miscellaneous Non-Banking Companies
MNSB
Multilateral Net Settlement Batch
MoU
Memorandum of Understanding
MPLS
Multi-Protocol Layer Switching
MSE
Micro & Small Enterprises
MSEs
Micro and Small Enterprises
MSS
Market Stabilization Scheme
MSMEs
Micro, Small and Medium Enterprises
MSME
Micro, Small and Medium Enterprises
MSOE
Minimum Standard for Operational Efficiency
MSS
Market Stabilization Scheme
MTFPS
Medium Term Fiscal Policy Statement
MTM
Mark-to-Market
NAV
Net Asset Value
NBC
Net Bank Credit
NBFCs
Non-Banking Financial Companies
NBFC
Non-Banking Financial Company
NBFC-ND
Non-Deposit taking Non-Banking Financial Company
NBFC- ND-SI
Systemically Important Non-Deposit taking Non-Banking Financial Company
NBFI
Non-Banking Financial Institutions
NBV
Net Book Value
NCAF
New Capital Adequacy Framework
NCDs
Non-Convertible Debentures
NCEUS
National Commission for Enterprises in Unorganised Sector
NCPA
National Cendiv Performing Arts
NCR
National Capital Region
NDC
No Due Certificate
NDS
Negotiated Dealing System
NDS-OM
NDS Order Matching
NDTL
Net Demand and Time Liabilities
NECS
National Electronic Clearing Service
NEDFi
North Eastern Development Finance Corporation
NEFIS
Nationwide Electronic Financial Inclusion System
NEFT
National Electronic Funds Transfer
NFA
New Financial Architecture
NFCC
National Foundation for Credit Counselling
NFGBC
Non-food Gross Bank Credit
NFR
Non-Financial Reporting
NFS
National Financial Switch
NFSM
National Food Security Mission
NGO
Non-Government Organization
NHB
National Housing Bank
NHC
National Housing Credit
NIBM
National Institute of Bank Management
NIC
National Informatics Centre
NIMC
National Implementation Monitoring Committee
NKA
Net Capital Account
NOC
No Objection Certificate
NOF
Net Owned Fund
NPA
Note Purchase Agreement
NPA
Non-Performing Asset
NPCI
National Payments Corporation of India
NPFA
Non-Performing Financial Assets
NPL
Non-Performing Loan
NRE
Non-Resident External
NR(E)RA
Non-resident (External) Rupee Account
NSCCL
National Securities Clearing Corporation Limited
NSE
National Stock Exchange
NSM
Note Sorting Machines
NSSF
National Social Security Fund
OBE
Off Balance sheet Exposure
OBS
Off-balance Sheet
OBU
Off-Shore Banking Units
ODI
Overseas Direct Investment
OECD
Organization for Economic Co-operation and Development
OIS
Overnight Index Swap
OLRR
On-line Reject Repair
OLTAS
On-line Tax Accounting System
OMO
Open Market Operation
OPEC
Organization of the Petroleum Exporting Countries
ORFS
Online Returns Filing System
OSMOS
Offsite Monitoring System
OSS
Offsite Surveillance System
OTC
Over the Counter
OTS
One Time Settlement
PACS
Primary Agricultural Credit Societies
PAD
Public Accounts Department
PAIS
Personal Accident Insurance Scheme
PBR
Principles-based Regulation
PCO
Public Call Office
PCPS
Perpetual Cumulative Preference Shares
PCR
Provisioning Coverage Ratio
PCR
Public Credit Registry
PD
Primary Dealer
PDI
Perpetual Debt Instruments
PDO
Public Debt Office
PDS
Public Distribution System
PFM
Pension Fund Management
PFRDA
Pension Fund Regulatory and Development Authority
PIMC
Project Implementation Monitoring Committee
PIO
Principal Inspection Officer
PKI
Public Key Infrastructure
PLR
Prime Lending Rate
PMEGP
Prime Minister’s Employment Generation Program
PMLA
Prevention of Money Laundering Act
PNCPS
Perpetual Non-Cumulative Preference Shares
POS
Points of Sale
PPID
Pilot Project for Integrated Development
PPP
Purchasing Power Parity
PRGT
Poverty Reduction and Growth Trust
PSB
Public Sector Bank
PSE
Public Sector Enterprise
PSLC
Priority Sector Lending Certificates
PSS
Payment and Settlement System
PV
Present Value
QIS
Quantitative Impact Assessment
RBA
Reserve Bank of Australia
RBIA
Risk Based Internal Audit
RBS
Risk-Based Supervision
RBSC
Reserve Bank Staff College
RCPS
Redeemable Cumulative Preference Shares
RCS
Registrar of Cooperative Societies
RD
Revenue Deficit
RECS
Regional Electronic Clearing Service
REGP
Rural Employment Generation Program
RFA
Revolving Fund Assistance
RIDF
Rural Infrastructure Development Fund
RMA
Royal Monetary Authority
RMD
Resource Management Discussion
RML
Reverse Mortgage Loan
RNBC
Residuary Non-Banking Company
RNCPS
Redeemable Non-Cumulative Preference Shares
RoA
Return on Assets
ROC
Registrar of Companies
RoE
Return on Equity
RRB
Regional Rural Bank
RTGS
Real Time Gross Settlement
RTP
Reserve Tranche Position
SAA
Service Area Approach
SAARC
South Asian Association for Regional Cooperation
SACP
Special Agricultural Credit Plan
SACRED
Scheme for Agricultural Credit Development
SAO
Seasonal Agricultural Operations
SAR
Self-Assessment Report
SARFAESI
Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest
SARS
Severe Acute Respiratory Syndrome
SBLP
SHG-Bank Linkage Program
SC
Scheduled Caste
SCB
Scheduled Commercial Bank
SCDs
Small Coin Depots
SD
Sustainable Development
SDLs
State Development Loans
SDR
Special Drawing Right
SDS
Special Deposit Scheme
SEB
State Elecded Board
SEFCs
Small Enterprises Financial Centers
SEFT
Special Electronic Funds Transfer
SEZ
Special Economic Zone
SFAC
Small Farmers Agri-Business Consortium
SFC
State Financial Corporation
SFIO
Serious Frauds Investigation Office
SFMS
Structured Financial Messaging System
SGL
Subsidiary General Ledger
SGSY
Swarn Jayanti Gram Swarojgar Yojna
SHG
Self-Help Group
SHPI
Self-Help Promoting Institutions
SIDBI
Small Industries Development Bank of India
SIDC
State Industrial Development Corporation
SIFIs
Systemically Important Financial Institutions
SIPS
Systemically Important Payment Systems
SJSRY
Swarna Jayanti Shahari Rojgar Yojna
SLA
Service Level Agreement
SLAF
Second Liquidity Adjustment Facility
SLBCs
State Level Bankers’ Committees
SLEPCS
State Level Export Promotion Committees
SLR
Statutory Liquidity Ratio
SLRS
Scheme for Liberalization and Rehabilitation of Scavengers
SMEs
Small and Medium Enterprises
SME
Small and Medium Enterprise
SPV
Special Purpose Vehicle
SR
Security Receipt
SREP
Supervisory Review and Evaluation Process
SRF
Special Refinance Facility
SRMS
Self-Employment Scheme for Rehabilitation of Manual Scavengers
SRP
Supervisory Review Process
SSC
Special Sub-Committees
SSI
Small Scale Industry
SSS
Securities Settlement System
ST
Scheduled Tribe
STC
Standing Technical Committee
StCBs
State Co-operative Banks
STCCS
Short-Term Cooperative Credit Structure
STCRE
Short-Term Cooperative Rural Credit
STOs
Sub Treasury Offices
STP
Straight Through Processing
STR
Suspicious Transaction Report
STRIPS
Separate Trading of Registered Interest and Principal of Securities
SWIFT
Society for Worldwide Financial Telecommunication
SWIPS
System-Wide Important Payment System
TAC
Technical Advisory Committee
TACMP
Technical Advisory Committee on Monetary Policy
TAFCUB
Task Force for Urban Cooperative Bank
TAG
Technical Advisory Group
TBs
Treasury Bills
TFCI
Tourism Finance Corporation of India
TFP
Total Factor Productivity
ThFC
Thirteenth Finance Commission
TSA
The Standardized Approach
TwFC
Twelfth Finance Commission
UBB
Uniform Balance Book
UBD
Urban Banks Department
UCB
Urban Cooperative Bank
UCC
Unsolicited Commercial Communication
UID
Unique Identity
UIN
Unique Identification Number
UTLBC
Union Territory Level Bankers’
VAR
Vector Auto Regression
VaR
Value at Risk
VCF
Venture Capital Fund
VDP
Village Development Program
VKC
Village Knowledge Centre
VPN
Virtual Private Networks
VRS
Voluntary Retirement Scheme
VSAT
Very Small Aperture Terminal
WADR
Weighted Average Discount Rate
WCTL
Working Capital Term Loan
WEO
World Economic Outlook
WGRFIS
Working Group on Future Role of Financial Institutions
WPI
Wholesale Price Index
WMA
Ways and Means Advances
WOS
Wholly Owned Subsidiary
XBRL
Extensible Business Reporting Language
XML
Extensible Markup Language
YTM
Yield to Maturity
ZCYC
Zero Coupon Yield Curve
ZTC
Zonal Training Centre
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