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.
Practice With:
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 |
All the acronyms starting with the alphabet “W”
| WBCI | Weather Based Crop Insurance |
| WCTL | Working Capital Term Loan |
| WMC | Ways and Means Committee |
| WPI | Wholesale Price Index |
We have completed this list alphabet wise but we will be updating this post soon with the previously asked questions. so stay tuned to bankersadda!
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