Full Form of Banks (Indian Banks)
Well I tried to search for all the banks but the information is scattered on the whole internet in parts, so I just thought it would be nice to start with my own country and with all those renowned banks, so for right now I will be posting only full forms of banks present in India and it even this list will updated some day.
Acronym Full Form ADB Asian Development Bank ATM Automated Teller Machine CBI Central bureau of Investigation HDFC Housing Development Finance Corporation HSBC Hong Kong and Shanghai Banking Corporation ICICI Credit and Investment Corporation of India IDBI Industrial Development Bank of India IFSC Indian Financial System Code INR Indian Rupee NEFT National Electronic Funds Transfer RTGS Real-Time Gross Settlement RBL Ratnakar Bank Limited PAN Permanent Account Number PO Probationary Officer & Post Office TDS Tax Deducted at Source ECS Electronic Clearing Service ESI Employees’ State Insurance IRDA Employees’ State Insurance SEBI Securities and Exchange Board of India SIDBI Small Industries Development Bank of India SLR Single Lens Reflex & Statutory Liquidity Ratio UCO United Commercial Bank Useful Full Forms for Banking Related Terms
Hmmm so now are you confused with some term that bank employee was explaining and thought to study about that term online, well I have pretty much covered every single term that’s used in the whole banking system, so do check below list and comment for sure if you find any serious mistake.
ADB: Asian Development Bank ADR: American Depositary Receipt AIDWA: All India Democratic Woman’s Association AITUC: All India Trade Union Congress AMFI: Association of Mutual Funds in India APEC: Asia-Pacific Economic Cooperation APL: Above Poverty Line APM: Administered Pricing Mechanism ARC: Asset Reconstruction Company ARDR: Agricultural and Rural Debt Relief ASBA: Application Supported by Block Amount ASEAN: Association of South-East Asian Nations ASEM: Asia-Europe Meeting ASSOCHAM: Associated Chambers of Commerce and Industry ATM: Automatic Teller Machine BIFR: Board of Industrial and Financial Reconstruction BCBS: Basel committee for Banking Supervision BCSBI: Banking Codes and Standards Board of India BIS: Bureau of Indian Standards BOLT: BSE On-Line Trading (System) BOT: Build, Operate and Transfer BPL: Below Poverty Line BPO: Business Process Outsourcing BSE: Bombay Stock Exchange CA: Chartered Accountant CABE: Central Advisory Board of Education CACP: Commission of Agriculture Cost and Price C & AG: Comptroller & Auditor General CAMELS: C – Capital adequacy, A – Asset quality, M – Management quality, E – Earnings, L – Liquidity, S – Sensitivity to Market Risk CAPART: Council for People’s Action and Advancement of Rural Technology CAR: Capital adequacy ratio CARE: Credit Analysis & Research Ltd. CBS: Core banking solution CCI: Competition Commission of India CCIL: Clearing Corporation of India limited CDSL: Central Securities Depository Limited CECA: Comprehensive Economic Cooperation Agreement CEPA: Comprehensive Economic Partnership Agreement CIBIL: Credit Information Bureau (India) Ltd CII: Confederation of Indian Industry CIS: Commonwealth of Independent States CHOGM: Commonwealth Heads of Government Meeting CITES: Convention on International Trade in Endangered Species CITU: Centre Of Indian Trade Unions CMP: Common Minimum Program CPI (UNME): The Consumer Price Index for Urban Non-Manual Employees. CPI ( AL): Consumer Price Index for Agricultural Labors. CPI ( IW): Consumer Price Index for Industrial Workers CPI ( RL): Consumer Price Index for Rural Labourers CRAR: Capital to Risk (Weighted) Assets Ratio CRISIL: Credit Rating Information Services of India Limited CRR: Cash Reserve Ratio CSIR: Council of Scientific and Industrial Research CST: Central Sales Tax CTT: Commodities Transaction Tax DA: Dearness Allowance; Daily Allowance DMIC: Delhi-Mumbai Industrial Corridor DPEP: District Primary Education Program ECA: Essential Commodity Act ECB: External Commercial Borrowings ECS: Electronic clearing system EDUSAT: Education Satellite EEE: Exempt Exempt Exempt EET: Exempt Exempt Taxation EFA: Education for All EFT: Electronic fund transfer EEFC Accounts: Exchange Earners Foreign Currency Account EGOM: Empowered Group of Ministers EMI: Equated Monthly Installment EMS: European Monetary System ERNET: Educational and Research Network ESA: European Space Agency ESCAP: Economic and Social Commission for Asia and Pacify ESMA: Essential Services Maintenance Act ESOP: Employee Stock Option Program EU: European Union FAO: Food and Agriculture Organization FCCB: Foreign Currency Convertible Bond FCNR: Foreign Currency (Non-Resident) Accounts Scheme EPF: Employees Provident Fund EPFO: Employees Provident Fund Organization FDI: Foreign Direct Investment FEMA: Foreign Exchange Management Act FERA: Foreign Exchange Regulations Act FICCI: Federation of Indian Chambers Of Commerce and Industry FII: Foreign Institutional Investors FIPB: Foreign Investment Promotion Board (Of India) FMCG: Fast Moving Consumer Goods FPO: Follow on Public Offer FRBM: Fiscal Responsibility And Budget Management FSSA: Food Safety And Standards Authority (Of India) FTA: Free Trade Area GATT: General Agreement On Tariffs And Trade GCC: Gulf Cooperation Council GDP: Gross Domestic Product GDR: Global Depositary Receipt GEF: Global Environment Fund GIC: General Insurance Corporation GNP: Gross National Product GST: Goods and Service Tax HDFC: Housing Development Finance Corporation Limited HDI: Human Development Index HSBC: Hong Kong and Shanghai Banking Corporation Limited HUDCO: Housing And Urban Development Corporation IAAI: International Airport Authority Of India IAAS: Indian Audit and Accounts Service IADF: International Agricultural Development Fund IAEA: International Atomic Energy Agency IAEA: International Atomic Energy Agency IASB: The International Accounting Standards Board IBRD: International Bank for Reconstruction And Development ICAI: Institute of Chartered Accountants of India ICAR: Indian Council of Agricultural Research ICCW: Indian Council for Child Welfare ICDS: Integrated Child Development Service ICMR: Indian Council of Medical Research ICICI: Industrial Credit and Investment Corporation of India ICOR: Incremental capital output ratio ICRC: International Committee of Red Cross IDA: International Development Association ICRA: Investment information and Credit Rating Agency IES: Indian Economic Service IEX: Indian Energy Exchange IFRS: International Financial Reporting Standard IFSC: Indian financial system code IFTU: International Federation of Trade Unions IFWJ: Indian Federation of Working Journalists IIP: The Index of Industrial Production IIPA: Indian Institute of Public Administration IISS: International Institute of Strategic Studies ILO: International Labor Organization IMF: International Monetary Fund IMO: International Maritime Organization IDR: Indian Depository Receipts IDBI: Industrial Development Bank of India IMF: International monetary fund IMRB: Indian Market Research Bureau INMARSAT: International Maritime Satellite Organization INTERPOL: International Police Organization INTUC: Indian National Trade Union Congress IOC: International Olympic Committee IPCC: Intergovernmental Panel on Climate Change IPEC: International Program on Elimination Of Child Labor IPO: Initial public offer IPR: Intellectual Property Right IRDA: Insurance Regulatory and Development Authority IREP: Integrated Rural Energy Planning ISO: International Standardization Organization ISS: International Space Station ITDC: Indian Tourism Development Corporation ITO: International Trade Organization; Income-Tax Officer ITU: International Tele-Communication Union JNNURM: Jawaharlal Nehru National Urban Renewal Mission KPO: Knowledge Process Outsourcing KYC: Know your customer LDC: Least Developed Countries LIBOR: London Inter Bank Offer Rate LIC: Life Insurance Corporation (Of India) LLP: Limited Liability Partnership MAT: Minimum Alternative Tax MAIT: Manufacturers’ Association for Information Technology MCAP: Market capitalization / Mid cap MDG: Millennium development goals MEP: Minimum Export Price MFA: Multi-Fiber Agreement MFI: Micro finance institution MFIN: Micro finance institution network MFN: Most Favored Nation MIBOR: Mumbai Interbank offer rate MIN: Mutual fund identification no. MNC: Multi-National Corporation MRTPC: Monopolies and Restrictive Trade Practices Commission MRTS: Mass Rapid Transit System MSME: Micro Small and Medium Enterprises MSP: Minimum support price MTO: Multilateral Trade Organization NABARD: National Bank for Agriculture and Rural Development. NAEP: National Adult Education Program NAFED: National Agricultural Cooperative Marketing Federation of India Ltd NAFTA: North America Free Trade Agreement NAM: Non-Aligned Movement NAMA: Non-Agriculture Market Access NASDAQ: National Association of Securities Dealers Automated Quotation NATO: North Atlantic Treaty Organization NAV: Net Asset Value NBFC: Non Banking Finance Companies NCAER: National Council Of Applied Economic Research NCERT: National Council Of Education Research And Training NCPCR: National Commission for Protection of Child Rights NDC: National Development Council NEFT: National Electronic Fund Transfer NEGP: National E-Governance Plan NEP: National Education Policy NFO: New Fund Offers NHAI: National Highways Authority of India NHDP: National Highways Development Project NHRC: National Human Rights Commission NIFT: National Institute of Fashion Technology NIO: National Institute of Oceanography NLMA: National Literacy Mission Authority NMDC: National Mineral Development Corporation NNP: Net National Production NPA: Non Performing Asset NPR: National Population Register MGNREGA: National Rural Employment Guarantee Act NSE: National Stock Exchange NSDL: National Securities Depository Limited NSE: National Stock Exchange NSSO: National Sample Survey Organization NTPC: National Thermal Power Corporation ODA: Official Development Assistance OECD: Organization of Economic Co-Operation and Development OGL: Open General License OIC: Organization of Islamic Countries OIL: Oil India Limited OMCS: Oil Marketing Companies ONGC: Oil And Natural Gas Commission OPEC: Organization Of Petroleum Exporting Countries OSCE: Organization For Security And Cooperation In Europe PAC: Public Accounts Committee PAN: Permanent Account Number (Of Income-Tax) PATA: Pacific-Asia Travel Association PCI: Per capita income PDS: Public Distribution System PIL: Public Interest Litigation PIO: Persons Of Indian Origin PN: Participatory Note POP: Point Of Purchase PPF: Public Provident Fund PPP: Public private partnership / Purchasing power parity PTA: Preferential Trade Area PURA: Providing urban amenities in rural areas QIB: Qualified Institutional Buyer QIP: Qualified Institutional Placement QR: Quantitative Restriction RBI: Reserve Bank Of India RIDF: Rural infrastructure development fund RRB: Regional Rural Bank RRPI: Rural Retail Price Index RTGS: Real Time Gross Settlement System SAARC: South Asian Association for Regional Co-Operation SAFTA: South Asian Free Trade Area SAIL: Steel Authority of India Limited SAPTA: SAARC Preferential Trading Agreement SARFAESI ACT: The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 SCO: Shanghai Cooperation Organization SCOPE: Standing Conference On Public Enterprises SDR: Special Drawing RightsSEBI: Securities And Exchange Board Of India SEZ: Special Economic Zone SIDBI: Small Industries Development Bank of India SEWA: Self employed woman’s association SLR: Statutory Liquidity Ratio STT: Securities Transaction TaxSWIFT: Society for Worldwide Financial Telecommunications, TDS: Tax Deduction at Source TIFR: Tata Institute Of Fundamental Research TIN: Tax Information Network TINXSYS: Tax Information Exchange SystemTISCO: Tata Iron and Steel Company TPDS: Targeted Public Distribution System TRAI: Telecom Regulatory Authority Of India TRIMS: Trade Related Investment Measures TRIPS: Trade Related Intellectual Property Rights TRYSEM: Training Of Rural Youth For Self Employment UN: United Nations UNCTAD: United Nations Conference On Trade And Development UNDP: United Nations Development Program UNEF: United Nations Emergency Force UNEP: United Nations Environment Program UNESCO: United Nations Educational, Scientific And Cultural Organization UNFCCC: United nation framework convention on climate change UNFPO: United Nations Fund For Population Activities UNHCR: United Nations High Commissioner For Refugees UNHRC: United Nations Human Rights Commission UNICEF: United Nations International Children’s (Emergency) Fund UNIDO: United Nations Industrial Development Organization UNRRA: United Nations Relief And Rehabilitation Administration VAT: Value-Added Tax VDIS: Voluntary Disclosure Of Income Scheme VRS: Voluntary Retirement Scheme WEF: World Economic Forum WFP: World Food Program WHO: World Health Organization WIPO: World Intellectual Property Organization