Important Banking Abbreviations

•                    NABARD - National Bank for Agricultural & Rural Development

•                     RTGS - Real Time Gross Settlement

•                    NEFT - National Electronic Fund Transfer

•                    NAV - Net Asset Value

•                    NPA - Non Performing Asset

•                    ASBA - Account Supported by Blocked Amount

 

•                    BIFR - Board for Industrial and Financial Reconstruction

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

•                    BCSBI - Banking Codes & Standard Board of India

•                    BIS – Bank for International Settlement

•                    BCBS – Basel Committee on Banking Supervision

•                    BOP - Balance of Payment

•                    BOT - Balance of Trade

•                    BPLR – Benchmark Prime Lending Rate

•                    CCIL – Clearing Corporation of India Ltd.

•                    CIBIL - Credit Information Bureau of India Ltd.

•                    CRISIL - Credit Rating Information Services of India Ltd.

•                    CBLO - Collateralised Borrowing & Lending Obligation

•                    CPI - Consumer Price Index

•                    ADR – American Depository Receipts

•                    GDR – Global Depository Receipts

•                    ALM - Asset Liability Management

•                    ARC – Asset Reconstruction Companies

•                    FINO - Financial Inclusion Network Operation

•                    CTT - Commodities Transaction Tax

•                    CRM - Customer Relationship Management


•                    REPO - Repurchase Option

•                    NBFC - Non Banking Finance Companies

•                    OSMOS - Off-Site Monitoring & Surveillance

•                    IFSC - Indian Financial System Code

•                    BSE - Bombay Stock Exchange

•                    NSE - National Stock Exchange

•                    SWIFT - Society for Worldwide Interbank Financial Tele communication

•                    FSLRC – Financial Sector Legislative Reforms Commission

•                    LAF – Liquidity Adjustment Facility

•                    DRT – Debt Recovery Tribunal

•                    KYC - Know Your Customer

•                    SLR - Statutory Liquidity Ratio

•                    CRR - Cash Reserve Ratio

 

•                    MSF - Marginal Standing Facility


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