Banking Terminology for IBPS Exam

In general awareness section of IBPS exam (Banking Eligibility Test),  there are atleast 3-4 four questions asked from banking terminology. So learning banking terminology is very very important so I have compiled the list of banking abbreviations for general awareness section of IBPS exams. Read and learn them thoroughly, atleast 2 question must be asked in IBPS PO and clerk exam.

ibps banking terminology

ADR – American Depository Receipt

AGM – Annual General Meeting

AIRCSC – All India Rural Credit Survey Committee

AFS – Available For Sale

ASSOCHAM – Associated Chambers of Commerce and Industry of India

ATM – Automated Teller Machine

BIS – Bank for International Settlements

BoP – Balance of Payments

CAD – Capital Account Deficit

CAG – Controller and Auditor General of India

CAMELS– Capital Adequacy, Asset Quality, Management, Earnings, Liquidity, Systems & Controls

CBS – Consolidated Banking Statistics

CC – Cash Credit

CD – Certificate of Deposit

CF – Company Finance

CII – Confederation of Indian Industries

CP – Commercial Paper

CPI – Consumer Price Index

CR – Capital Receipts

CRR – Cash Reserve Ratio

CSIR – Council of Scientific and Industrial Research

CSO – Central Statistical Organisation

DBOD – Department of Banking Operations and Development

DBS – Department of Banking Supervision, RBI

DCA – Department of Company Affairs,

DCCB – District Central Cooperative Bank

DCM – Department of Currency Management, RBI

DD – Demand Draft

DDS – Data Dissemination Standards

DICGC – Deposit Insurance and Credit Guarantee Corporation of India

ECGC – Export Credit and Guarantee Corporation

ECS – Electronic Clearing Scheme

EEA – Exchange Equalization Account

EPF – Employees Provident Fund

FDI – Foreign Direct Investment

FEMA – Foreign Exchange Management Act

FICCI – Federation of Indian Chambers of Commerce and Industry

FII – Foreign Institutional Investor

FPI – Foreign Portfolio Investment

GDP – Gross Domestic Product

GDR – Global Depository Receipt

GFD – Gross Fiscal Deficit

GIC – General Insurance Corporation

GPD – Gross Primary Deficit

HDFC – Housing Development Finance Corporation

HFT – Held For Trading

IBS – International Banking Statistics

ICAR – Indian Council of Agricultural Research

ICICI – Industrial Credit and Investment Corporation of India

ICMR – Indian Council of Medical Research

IDBI – Industrial Development Bank of India

IFC – International Finance Corporation

IFCI – Industrial Finance Corporation of India

IIP – Index of Industrial Production

IMF – International Monetary Fund

IRBI – Industrial Reconstruction Bank of India

ISDA – International Swaps and Derivative Association

ISIC – International Standard Industrial Classification

ISO – International Standards Organization

LBS – Locational Banking Statistics

LERMS – Liberalised Exchange Rate Management System

LIC – Life Insurance Corporation of India

MCA – Ministry of Company Affairs

MIS – Management Information System

MMSE – Minimum Mean Squared Errors

NABARD – National Bank for Agriculture and Rural Development

NASSCOM – National Association of Software and Services Companies

NBC – Non-Banking Companies

NBFC – Non Banking Financial Companies

NEER – Nominal Effective Exchange Rate

NFA – Non-Foreign Exchange Assets

NGO – Non-Governmental Organization

NHB – National Housing Bank

NPA – Non-Performing Assets

NSC – National Statistical Commission

NSSF – National Small Savings Fund

OD – Over Draft

ODA – Official Development Assistance

OMO – Open Market Operations

PACS – Primary Agriculture Credit Societies

PDAI – Primary Dealers Association of India

PDO – Public Debt Office

PIO – Persons of Indian Origin

PO – Principal Office

PRB – Primary Revenue Balance

PSE – Public Sector Enterprises

PUC – Paid Up Capital

RD – Revenue Deficit

RDBMS – Relational Database Management System

RE – Revenue Expenditure

REC – Rural Electrification Corporation

REER – Real Effective Exchange Rate

RIDF – Rural Infrastructure Development Fund

RoC – Registrars of Companies

RR – Revenue Receipts

RRB – Regional Rural Bank

RTP – Reserve Tranche Position

RWA – Risk Weighted Asset

SAS – Statistical Analysis System

SCARDB – State Cooperative Agriculture and Rural Development Bank

SCB – State Cooperative Bank

SCB – Scheduled Commercial Bank

SDDS -Special Data Dissemination Standards

SDR – Special Drawing Right

SEBI – Securities and Exchange Board of India

SIFI – Systemically Important Financial Intermediaries

SEBs – State Electricity Boards

SGSY – Swarnajayanthi Gram Swarrojgar Yojana

SHGs – Self-Help Groups

SIDBI – Small Industries Development Bank of India

SIDC – State Industrial Development Corporation

SJSRY – Swarna Jayanti Shahari Rojgar Yojana

SLR – Statutory Liquidity Ratio

SMG – Standing Monitoring Group

SNA – System of National Accounts

SRWTO – Small road & Water Transport Operators

SSI – Small-Scale Industries

STRIPS – Separate Trading for Registered Interest and Principal of Securities

TB – Treasury Bills

TC – Temporary Change

TT – Telegraphic Transfer

TFTS – Trade for Trade Settlement

UCB – Urban Cooperative Bank

UCN – Uniform Code Number

UNDP – United Nations Developement Programme

UNICO – Umbrella Organisation for Large Cooperative Banks in Europe

UNDP – United Nations Development Programme

UNIDO – United Nations Industrial Development Organisation

UNME – Urban Non-Manual Employees

UTI – Unit Trust of India

VC – Venture Capital

WPI – Wholesale Price Index

WTO – World Trade Organisation

Y-o-Y – Year-on-Year

YTM – Yield to Maturity

ZTC – Zonal Training Centre


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