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Thursday, December 26, 2013

IMPORTANT BANKING ABBREVIATIONS

1. NABARD - National Bank for Agricultural & Rural Development
2. RTGS - Real Time Gross Settlement
3. NEFT - National Electronic Fund Transfer
4. NAV - Net Asset Value
5. NPA - Non Performing Asset
6. ASBA - Account Supported by Blocked
Amount
7. BIFR - Board for Industrial and Financial Reconstruction
8. CAMELS - Capital Adequacy, Asset Quality, Management Earnings, Liquidity,Systems & Controls
9. BCSBI - Banking Codes & Standard Board of India
10. BIS – Bank for International Settlement
11. BCBS – Basel Committee on Banking
Supervision
12. BOP - Balance of Payment
13. BOT - Balance of Trade
14. BPLR – Benchmark Prime Lending Rate
15. CCIL – Clearing Corporation of India Ltd.
16. CIBIL - Credit Information Bureau of India
Ltd.
17. CRISIL - Credit Rating Information
Services of India Ltd.
18. CBLO - Collateralised Borrowing &
Lending Obligation
19. CPI - Consumer Price Index
20. ADR – American Depository Receipts
21. GDR – Global Depository Receipts
22. ALM - Asset Liability Management
23. ARC – Asset Reconstruction
Companies
24. FINO - Financial Inclusion Network
Operation
25. CTT - Commodities Transaction Tax
26. CRM - Customer Relationship
Management
27. KYC - Know Your Customer
28. SLR - Statutory Liquidity Ratio
29. CRR - Cash Reserve Ratio
30. MSF - Marginal Standing Facility
31. REPO - Repurchase Option
32. NBFC - Non Banking Finance
Companies
33. OSMOS - Off-Site Monitoring &
Surveillance
34. IFSC - Indian Financial System Code
35. BSE - Bombay Stock Exchange
36. NSE - National Stock Exchange
37. SWIFT - Society for Worldwide
Interbank Financial Tele communication
38. FSLRC – Financial Sector Legislative
Reforms Commission
39. LAF – Liquidity Adjustment Facility
40. DRT – Debt Recovery Tribunals.