Tuesday 3 March 2015

IMPORTANT BANKING TERMS

BANKING TERMS - ABBREVIATIONS
01. ALM – Asset Liability Management
02. ANBC – Adjusted Net Bank Credit
03. ASBA – Applications supported Blocked accounts 
04. BOE – Bill of Exchange
05. CASA – Current and savings accounts
06. CBLO – Collateralised Bank Lending Obligations
07. CIBIL – Credit Information Bureau of India Limited
08. DPG – Deferred Payment Guarantee
09. DPN – Demand Promissory Note
10. DRAT – Debt Recovery Appellate tribunal
11. DRI – Differential Rate of Interest
12. DSCR – Debt Service Coverage Ratio
13. EDI – Electronic Data Interchange
14. EMI – Equated Monthly Instalments
15. EPS – Earnings Per Share
16. ESOP – Employee Stock Options
17. FEDAI – Foreign Exchange Dealers Association of India
18. FFMC – Full Fledged Money Changers
19. FOB – Free on Board
20. LIBOR – London Inter Bank Operations Rate
21. MIBOR – Mumbai Inter Bank Operations Rate
22. MOU – Memorandum of Understanding
23. MCA – Ministry of Company Affairs
24. NPV – Net Present Value
25. OCB – Overseas Corporate Bodies
26. POA – Power of Attorney
27. RKBY – Rashtriya Krishi Bima Yojana
28. SEBI – Securities and Exchange Board of India
29. LAF – Liquidity Adjustment Facility
30. IDBI – Industrial Development Bank of India
31. BCSBI – Banking Codes and Standards Board of India
32. IRDA – Insurance Regulatory Development Authority
33. DICGC – Deposit Insurance and Credit Guarantee Corporation
34. SPV – Special Purpose Vehicle
35. CRISIL – Credit Rating Information Services of India Limited
36. ICRA – Investment Information and Credit Rating Agency of India Limited
37. CARE – Credit Analysis and Research Limited
38. MCX – Multi Commodity Exchange
39. CCIL – Clearing Corporation of India Limited
40. OTCEI – Over the Counter Exchange of India
41. EFT – Electronic Funds Transfer
42. ARF – Asset Reconstruction Fund
43. MSS – Market Stabilisation Scheme
44. CRAR – Capital to Risk Assets Ratio
45. FSDC – Financial Stability and Development Council
46. SCARDB – State Cooperative Agriculture and Rural Development Banks
47. LERMS – Liberalised Exchange Rate Management System
48. BOT – Balance of Trade
49. CAC – Capital account convertibility
50. NDS – Negotiated Dealing System

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