Important Acronyms for General Awareness Preparation for Bank Exams 2020

Acronym is a word or name formed from the initial letters of longer name or phrase usually individual initial letters for ex- IBPS is an acronym used for Institute of banking personnel and selection. This is one of the most important topic in general awareness section and can easily fetch you 2-3 marks in the General Awareness Section of banking sector recruitment exams. We are providing you with some of the important abbreviations related to banking and general awareness starting with alphabets ‘A’ and ‘B’. This is the first part of the series and we will provide acronyms starting from the rest of the alphabet soon.

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All the acronyms starting with the alphabet “A”

Acronym	Full Form
ADR	American depositary receipt
AMFI	Association of Mutual Funds in India
APEC	Asia-Pacific Economic Cooperation
ARC	Asset Reconstruction Company
ASEAN	The Association of Southeast Asian Nations
ASSOCHAM	Associated Chambers of Commerce and Industry

All the acronyms starting with the alphabet “B”

Acronym	Full Form
BCBS	The Basel Committee on Banking Supervision
BCSBI	The Banking Codes and Standards Board
BOE	A bill of exchange
BOP	The balance of payments
BOT	Build–operate–transfer
BSR	‘Basic Statistical Returns

All the acronyms starting with the alphabet “C”

Acronym	Full Form
CAD	Current account deficit
CAG	The Comptroller and Auditor General
CAR	The capital adequacy ratio
CARE	Credit Analysis & Research Limited
CASA	Current Account Savings Account
CBLO	Collateralized borrowing and lending obligation
CCIL	The Clearing Corporation of India Limited
CCL	Cash Credit Limit
CDBS	Committee of Direction on Banking Statistics
CEPA	The Comprehensive Economic Partnership Agreement
CNP	A card not present transaction
CRAR	Capital to Risk (Weighted) Assets Ratio
CSR	Corporate social responsibility
CTI	Country Threat Index

All the acronyms starting with the alphabet “D”

Acronym	Full Form
DPG	Deferred Payment Guarantee
DPN	Demand promissory note
DRAT	Debts Recovery Appellate Tribunal
DRI	Differential Rate of Interest
DSCR	Debt-Service Coverage Ratio
DTAA	Double Taxation Avoidance Agreement

All the acronyms starting with the alphabet “E”

Acronym	Full Form
EADB	The East African Development Bank
EBRD	The European Bank for Reconstruction and Development
ECB	External commercial borrowing
ECS	Electronic Clearing Service
EDI	Electronic data interchange
EDP	Entrepreneurship Development Programme
EEFC	Exchange earners’ foreign currency
EFTPOS	Electronic funds transfer at point of sale
ELSS	An Equity Linked Savings Scheme

All the acronyms starting with the alphabet “F”

Acronym	Full Form
FCA	Foreign Currency Assets
FCCB	A foreign currency convertible bond
FCNR	Foreign Currency Non-Resident Deposit
FEDAI	The Foreign Exchange Dealers Association of India
FERA	The Foreign Exchange Regulation Act
FICCI	The Federation of Indian Chambers of Commerce and Industry
FII	A foreign institutional investor
FIMMDA	The Fixed Income Money Market and Derivatives Association of India
FINO	Financial Information Network & Operations Pvt. Ltd
FIPB	The Foreign Investment Promotion Board
FPI	Foreign portfolio investment
FSLRC	Financial Sector Legislative Reforms Commission
FTA	Free trade areas

All the acronyms starting with the alphabet “G”

Acronym	Full Form
GAAR	General anti-avoidance rule
GDP	Gross domestic product
GDR	Global Depositary Receipt
GFD	Gross Fiscal Deficit
GIRO	Government Internal Revenue Order Advisory Group
GMS	Gold monetisation scheme
GSTN	The Goods and Service Tax Network
GST	Goods and Services Tax

All the acronyms starting with the alphabet “I”

Acronym	Full Form
IADB	The Inter-American Development Bank
IAS	An integrated accounting system
IBBI	The Insolvency and Bankruptcy Board of India
IBPS	The Institute of Banking Personnel Selection
ICRA	Investment Information and Credit Rating Agency
IDR	Indian Depository Receipt
IMT	Instant Money Transfer
IPO	An initial public offering
IRO	An interest rate option

All the acronyms starting with the alphabet “K”

Acronym	Full Form
KCC	The Kisan Credit Card
KVB	Karur Vysya Bank
KVIC	The Khadi and Village Industries Commission
KVP	Kisan Vikas Patra
KYC	Know your customer

All the acronyms starting with the alphabet “L”

Acronym	Full Form
LAB	The Local Area Banks
LAF	A liquidity adjustment facility
LIBOR	London Inter-bank Offered Rate
LTCG	A long-term capital gain or loss
LTN	The term long-term notes

All the acronyms starting with the alphabet “M”

Acronym	Full Form
MCA	Ministry of Corporate Affairs
MCLR	The marginal cost of funds
MIBOR	The Mumbai Inter-Bank Offer Rate
MICR	Magnetic ink character recognition
MIS	Management information system
MSS	Market Stabilization scheme
MUDRA	Micro Units Development and Refinance Agency Bank

All the acronyms starting with the alphabet “N”

Acronym	Full Form
NAV	Net asset value
NBFC	Non-banking financial companies
NDS	Negotiated Dealing System
NDTL	Net Demand and Time Liabilities
NECS	National Electronic Clearing Service
NEFT	National Electronic Funds Transfer
NFA	No-Frills Account
NFS	National Financial Switch
NHB	National Housing Bank
NPA	Non-performing asset
NPCI	National Payments Corporation of India

All the acronyms starting with the alphabet “O”

Acronym	Full Form
OCB	Overseas Corporate Body
OECD	The Organisation for Economic Co-operation and Development
OLTAS	Online Tax Accounting System
OTCEI	Over-The-Counter Exchange Of India

All the acronyms starting with the alphabet “P”

Acronym	Full Form
PACS	Primary Agricultural Credit Society
PFRDA	The Pension Fund Regulatory and Development Authority
P-notes	Participatory notes
POA	Power Of Attorney
POS	A point of sale
PPF	Public Provident Fund
PPI	Prepaid payment instruments

All the acronyms starting with the alphabet “R”

Acronym	Full Form
RDBMS	Relational Database Management System
REC	Rural Electrification Corporation Limited
RIDF	Rural Infrastructure Development Fund
ROA	Return On Assets
ROE	Return on equity
RTGS	Real-time gross settlement systems
RWA	Risk-weighted assets

All the acronyms starting with the alphabet “S”

Acronym	Full form
SARFAESI	Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002
SCC	Selective Credit Control
SDR	Special drawing rights
SEPA	The Single Euro Payments Area
SFMS	Structured Financial Messaging System
SGB	Sovereign Gold Bond
SHG	Self-Help Group
SIFI	Systemically Important Financial Institution
SIP	Systematic Investment Plan‘

All the acronyms starting with the alphabet “U”

Acronym	Full Form
UCC	Uniform Commercial Code
UIDAI	The Unique Identification Authority of India
UPI	Unified Payments Interface
USSD	Unstructured Supplementary Service Data
UTI	Unit Trust of India