These days there is a short form for everything starting from chatting slangs to some important terms. As a matter of fact, many of us get stuck when the talk comes to Acronyms. So you don’t get stuck anymore with acronyms we shortlisted some important terms with their acronyms below:
Important Banking acronyms are listed as follows:
- AD- Authorised Dealer
- ACS- Automated Clearing System
- BOE- Bill of Exchange
- BOI- Bank of India
- BOP- Bank of Payments
- CA- Chartered Accountant
- BSR- Basic Statistical Research
- CAD- Current Account Deficit
- CCIL- Current Corporation of India Limited
- DPN- Demand Promissory Note
- EBRD- European Bank of Reconstruction and Development
- DSCR- Debt Service Coverage Ratio
- ECB- External Commercial Borrowings
- EMI- Equated Monthly Instalments
- EPS- Earning Per Share
- FDI- Foreign Direct Investment
- FICCI- Federation of Indian Chambers of Commerce and Industry
- EXIM- Export-Import Bank of India
- FII- Foreign Institutional Investor
- HDFC- Housing Development Finance Corporation
- IBPS- Institute of Banking Personnel Selection
- IBRD- International Bank for Reconstruction and Development
- ICA- International Council of Agricultural Research
- IMT- Instant Money Transfer
- KCC- Kisan Credit Card
- KMB- Kotak Mahindra Bank
- MTN- Medium Term Note
- NAV- Net Assets Value
- NPA- Non Performing Assets
- OMO- Open Market Operation
- OTP- One Time Password
- PAN- Permanent Account Number
- RBI- Reserve Bank of India
- RBS- Royal Bank of Scotland
- CRR- Cash Reserve Ratio
- SIP- Systematic Investment Plans
- TDS- Tax Deducted at Source
- TIN- Tax Information Network
- UCB- Urban Cooperative Bank
- USD- United States Dollar
- UPI- Unified Payments Interface
- PIN- Personal Identification Number
- PPF- Public Provident Fund
- QIB- Qualified Institutional Bankers
- NIB- Nordic Investment Bank
- NHB- National Housing Bank
- LDB- Land Development Bank
- LAB- Local Area Bank
- LTN- Long Term Note
- IRO- Interest Rate Option
- SBI- State Bank of India
- BOB- Bank of Baroda