Saturday, December 1, 2012

IBPS BANK EXAMINATIONS RAPID READING EXERCISE- PART: 011





BANKING TERMS - ABBREVIATIONS


01.            ISCI – International Standard Industrial Classification
02.            KCC – Kisan Credit Card
03.            KVIC – Khadi and Village Industries Corporation
04.            KYC – Know your customer
05.            LAMPS – Large Sized Adivasi Multipurpose societies
06.            LERMS – Liberalised Exchange Rate Management System
07.            LIC – Life Insurance Corporation of India
08.            MCA – Ministry of Company affairs
09.            MIS – Management Information System
10.            MICR – Magnetic Ink Character Recognition
11.            NABARD – National Bank for Agriculture and Rural Development
12.            NBFC – Non Bank Finance Companies
13.            NEFT – National Electronic Funds Transfer
14.            NPA – Non Performing assets
15.            NRE – Non Resident External account
16.            NRI – Non Resident Indian
17.            NSE – National Stock Exchange
18.            OLTAS – Online tax accounting system
19.            OMO – Open market operations
20.            PACS – Primary Agricultural Credit Societies
21.            PDO – Public Debt Office
22.            PIN – Personal Identification Number
23.            QIB – Qualified Institutional Borrowings
24.            RBI – Reserve Bank of India
25.            RDBMS – Relational Database Management System
26.            REC – Rural Electrification Corporation
27.            RFC – Resident Foreign Currency
28.            RIDF – Rural Infrastructure Development Fund
29.            RRB – Regional Rural Bank
30.            RTGS – Real Time Gross Settlement
31.            RWA – Risk Weighted Assets
32.            SBI – State Bank of India
33.            SCB – Scheduled Commercial Bank
34.            SDR – Special Drawing Rights
35.            SEBI – Securities and Exchange Board of India
36.            SFMS -  Structured Financial Messaging Services
37.            SHG – Self Help Group
38.            SIDBI – Small Industries Development Bank of India
39.            SIDC – State Industrial Development Corporation
40.            SJSRY – Swarna Jayanthi Shahari Rozgar Yojana
41.            SLR – Statutory Liquidity Ratio
42.            SLRS – Scheme for Liberation and Rehabilitation of Scdavangers
43.            SMERA – SME rating agency of India Limited
44.            SSI – Smal Scale Industries
45.            SME – Small and Medium Industries
46.            SSSBE – Smal Scale Service and Business Enterprises
47.            UTI – Unit Trust of India
48.            WPI – Wholesale Price Indes
49.            YTM – Yield to maturity
50.            LAB – Local Area Banks

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