Thursday, 5 November 2015

50 IMPORTANT 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 Banking 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 Buyers
 

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 Scavangers
 

43. SMERA – SME rating agency of India Limited
 

44. SSI – Small Scale Industries
 

45. SME – Small and Medium Industries
 

46. SSSBE – Small Scale Service and Business Enterprises
 

47. UTI – Unit Trust of India
 

48. WPI – Wholesale Price Index
 

49. YTM – Yield to maturity
 

50. LAB – Local Area Banks.

Read more Banking Awareness Notes for IBPS Exams

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