A
ACF- Auto-Correlation Function
AD - Authorized Dealer
ADB - Asian Development Bank
ADR - American Depository Receipt
ADSL -Asymmetric Digital Subscriber Line
AEOI - Automatic Exchange Of Information
AEPS - Aadhar Enabled Payment System
AFS - Annual Financial Statement
AGM - Annual General Meeting
AIIB - Asian Infrastructure Investment Bank
ASSOCHAM - Associated Chambers of Commerce and Industry of India
AMFI - Association of Mutual Funds in India
AML - Anti Money Laundering
AMRUT - Atal Mission for Rejuvenation and Urban Transformation
ALM - Asset Liability Management
APBS - Aadhaar Payment Bridge System
ASBA - Application Supported by Blocked Amount
ATM - Automated Teller Machine
B
BACS - Bankers Automated Clearing System
BBB - Bank Boards Bureau
BHIM - Bharat Interface for Money
BIS - Bank for International Settlements
BoP - Balance of Payments
BCBS - Basel Committee on Banking Supervision
BCSBI - Banking Codes and Standards Board of India
BSR - Basic Statistical Returns
BSE - Bombay Stock Exchange
C
CAD - Capital Account Deficit
CAG - Comptroller and Auditor General of India
CAR - Cash Adequacy Ratio
CARE - Credit Analysis and Research Limited
CBS - Core Banking Solution
CCEA - Comprehensive Economic Cooperation Agreement
CCT - Conditional Cash Transfer
CDBS - Committee of Direction of Banking Statistics
CDR- Corporate Debt Restructuring
CEPA - Comprehensive Economic Partnership Agreement
CFMS - Centralised Funds Management System
CFRA - Combined Finance and Revenue Accounts
CGRA - Currency and Gold Revaluation Account
CIBIL - Credit Information Bureau of India Limited
CII - Confederation of Indian Industries
CMIS - Currency Management Information System
CPI - Consumer Price Index
CRR - Cash Reserve Ratio
CRAR - Capital to Risk (Weighted) Assets Ratio
CNP -Card Not Present
CVV -Card Verification Value
D
DEAF- Depositor Education and Awareness Fund
DICGC - Deposit Insurance and Credit Guarantee Corporation
DRAT - Debt Recovery Appellate Tribunal
DTAA - Double Taxation Avoidance Agreement
E
EBT - Electronic Benefit Transfer
EBRD - European Bank for Reconstruction and Development.
ECB - External Commercial Borrowings
ECS - Electronic Clearing Service
EDFC - Eastern Dedicated Freight Corridor
EEFC - Exchange Earner’s Foreign Currency
EESS- Equity Linked Saving Scheme
EFSF - European Financial Stability Facility
EIB - European Investment Bank.
ETF - Exchange Traded Funds
EFTPOS- Electronic Funds Transfer at Point Of Sale
EPS - Earnings per Share
EXIM - Export-Import Bank of India
F
FATCA - Foreign Account Tax Compliance Act
FATF - Financial Action Task Force
FCA - Foreign Currency Assets
FCNRA - Foreign Currency Non-Resident Account
FCNR - Foreign Currency Non-Repatriable account
FDI - Foreign Direct Investment
FERA - Foreign Exchange Regulation Act
FICCI - Federation of Indian Chambers of Commerce and Industry
FII - Foreign Institutional Investor
FIMMDA - Fixed Income Money Markets and Derivatives Association
FINO - Financial Inclusion Network Operation
FIPB - Foreign Investment Promotion Board
FPI - Foreign Portfolio Investment
FRA - Financial Redressal Agency
FSSAI - Food Safety & Standard Authority of India
FSDC - Financial Stability and Development Council
FSLRC - Financial Sector Legislative Reforms Commission
FSR - Financial Stability Report
FTA - Free Trade Agreement
G
GAAR - General Anti Avoidance Rule
GDP - Gross Domestic Product
GDR - Global Depository Receipt
GFD - Gross Fiscal Deficit
GIRO - Government Internal Revenue order
GMS - Gold Monetisation Scheme
GSTN - Goods and Services Network
H
HDFC - Housing Development Finance Corporation
I
IBBI - Insolvency and Bankruptcy Board of India
IBRD - International Bank for Reconstruction and Development
IBU - International Banking Unit
ICICI - Industrial Credit and Investment Corporation of India
IDBI - Industrial Development Bank of India
IDRBT - Institute for Development and Research of Banking
IFI - International Financial Institution
IIB - International Investment Bank
IFSC - Indian Financial System Code / International Financial Service Centre
IMF - International Monetary Fund
IMPS - IMmediate Payment Service / Interbank Mobile Payment Service
IMT - Instant Money Transfer
IPPB - India Post Payments Bank
IPR - Intellectual Property Rights
IRBI - Industrial Reconstruction Bank of India
IRDAI- Insurance Regulatory and Development Authority of India
IPO - Initial Public Offering
K
KCC - Kisan Credit Card
KVIC - Khadi and Village Industries Corporation
KVP - Kisan Vikas Patra
KYC - Know Your Customer
L
LAF - Liquidity Adjustment Facility
LDB - Land Development Bank.
LIBOR - London Inter-Bank Offered Rate
LTN - Long Term Note
LTV - Loan To Value
M
MAT- Minimum Alternate Tax
MCLR - Marginal Cost of Funds based Lending Rate
MDR - Merchant Discount Rate
MFDF - Micro Finance Development Fund
MFI - Micro Financial Institution
MFSS - Mutual Fund Service System
MIBOR - Mumbai Inter - Bank Offer Rate
MICR - Magnetic Ink Character Recognition
MMID - Mobile Money IDentifier
MSS - Market Stabilisation Scheme
MTN - Medium Term Note
MUDRA - Micro Units Development and Refinance Agency
N
NABARD - National Bank of Agricultural and Rural Development
NACH - National Automated Clearing House
NASSCOM - National Association of Software and Services Companies
NAV - Net Asset Value.
NBFC - Non-Banking Financial Company
NDA - Net Domestic Asset
NDS - Negotiated Dealing Systems
NDTL - Net Demand and Time Liability
NECS - National Electronic Clearing Service
NEFT - National Electronic Funds Transfer System
NFA - No Frills Account.
NFC - Near Field Communication
NFS - National Financial Switch
NGN - New Generation Network
NHB - National Housing Bank
NITI Aayog - National Institution for Transforming India Aayog
NPA - Non- Performing Assets
NPCI - National Payments Corporation of India
NPS - National Pension Scheme
NPV - Net Present Value
NRE - Non-Resident External
NSFDC - National Scheduled Castes Finance and Development Corporation
NSSF - National Small Savings Fund
NSE - National Stock Exchange
NUUP - National Unified USSD Platform
O
OCAS - Online Customer Acquisition Solution
OCB - Overseas Corporate Bodies
ODI - Offshore/Overseas Derivative Instruments
OECD- Organisation for Economic Cooperation and Development
OLP - Online Learning Portal
OLTAS- Online Tax Accounting System
OMO - Open Market Operations
OTCEI - Over the Counter Exchange of India
OTP - One-Time Password
P
PACS - Primary Agricultural Credit Societies
PAN - Permanent Account Number
PCA - Prompt Corrective Action
PCR - Provision Coverage Ratio / Public Credit Registry
PDO - Public Debt Office
PFRDA - Pension Fund Regulatory and Development Authority
PGS - Payment Gateway System
PIN - Personal Identification Number
PIS - Portfolio Investment Scheme
PLR - Prime Lending Rate
P-Notes - Participatory Notes
PoA - Power of Attorney
PoS - Point of Sale
P2P - Peer - to - Peer
PPF - Public Provident Fund
PPI - Prepaid payment Instrument
PPP - Public-Private Partnership and Purchasing Power Parity
PRSF - Partial Risk Sharing Facility
Q
QIB - Qualified Institutional Bankers
R
RBI - Reserve Bank of India
RBS - Royal Bank of Scotland.
RDBMS - Relational Database Management System
RDDBFI - Recovery of Debt due to Banks and Financial Institutions
REC - Rural Electrification Corporation
REER - Real Effective Exchange Rate
RERA - Real Estate Regulation Act
RFC - Resident Foreign Currency
RFID - Radio Frequency IDentifier
RIDF - Rural Infrastructure Development Fund
RTGS - Real Time Gross Settlement
ROA - Return on Assets
RoE - Return on Equity
RRB - Regional Rural Bank.
RSOC - Rapid Survey on Children
RWA - Risk Weighted Assets
S
SARFAESI- Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest
SBI - State Bank of India
SCB - Scheduled Commercial Bank
SDBS - Service Discharge Benefit Scheme
SDR - Special Drawing Rights
SDR - Strategic Debt Restructuring
SEAC - Standing External Advisory Committee
SEPA - Single Euro Payment Area.
SFMS - Structured Financial Messaging Services
SGB - Sovereign Gold Bond
SIDBI - Small Industries and Development Bank of India
SIDC - State Industrial Development Corporation
SIFI - Systematically Important Financial Intermediaries
SIP - Systematic Investment Plans
SIPS - Systemically Important Payment System
SJSRY - Swarna Jayanthi Shahari Rozgar Yojana
SLR - Statutory Reserve Ratio
SLRS - Scheme for Liberation and Rehabilitation of Scavengers
SME - Small and Medium Industries
SMERA - SME Rating Agency of India Limited
SMILE - SIDBI Make in India Loan for Small Enterprises
SPNS - Shared Payment Network System.
SSC - Selective Credit Control
SSI - Small Scale Industries
SSSBE - Small Scale Service and Business Enterprises
SWIFT - Society For Worldwide Inter Bank Financial Telecommunication.
SHGs - Self Help Groups
SEBI - Securities and Exchange Board of India
SECC - Socio-Economic & Caste Census
T
TDS - Tax Deducted at Source
TIN - Tax Information Network
U
UBIN - Unique Business Identification Number
UCB - Urban Cooperative Bank.
UCT - Unconditional Cash Transfer
UCNs - Uniform Code Numbers
UEBA - Universal Electronic Bank Account.
UIDAI - Unique Identification Authority of India
ULIP - Unit Linked Insurance Plan
UPI - Unified Payments Interface
UPIN - Unique Property Identification Numbers.
USB - Ultra Small Branch.
USD - United States Dollar.
USSD - Unstructured Supplementary Service Data
UTI - Unit Trust of India
V
VAT - Value Added Tax
VDBS - Vertically Differentiated Banking System.
VPA - Virtual Payment Address
VVPAT - Voter Verifiable Paper Audit Trail
W
WBCIS - Weather Based Crop Insurance Scheme.
WCTL - Working Capital Term Loan
WL ATM - White Label ATM.
WMA - Ways and Means Advances
WPI - Wholesale Price Index
Y
YTM - Yield to Maturity
〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️
Insurance Abbreviations:
A
ACA - Association of Corporate Counsel
ACCA - Association of Chartered Certified Accountants
ACAS - Associate of the Casualty Actuarial Society
ACSR - Accredited Customer Service Representative
ADB - Accidental Death Benefit
ADR - Alternative Dispute Resolution
AIAF - Associate in Insurance Accounting and Finance
AIRB - Aviation Insurance Rating Bureau
ANSI - American National Standards Institute
AIP - Annual Implementation Plan
AIPSO - Automobile Insurance Plans Service Office
AIRAC - All-Industry Research Advisory Council
AIRB - Aviation Insurance Rating Bureau
AIRMIC - Association of Insurance and Risk Managers in Industry and Commerce
ALOP - Advance Loss of Profit
ALOS - Average Length of Stay
AMW - Average Monthly Wage
ARS - Auction Rate Security
ART- Alternative Risk Transfer; Annual Renewable Term (life insurance)
ASLI - Associate in Surplus Lines Insurance
B
BIC - Business Income Coverage
BPF - Basic Premium Factor
BPL - Bankers Professional Liability
C
CAPM - Capital Asset Pricing Model
CARE – Credit Analysis and Research Limited
CARF - Commission on Accreditation of Rehabilitation Facilities
CAD – Capital Account Deficit
COI - Certificate of Insurance
COR - Cost Of Risk
CPI - Consumer Price Index
C&S - Capital and Surplus
CVA - Captive Value Added
D
DCC - Domestic Cell Captive
DCF - Discounted Cash Flow
DEP - Direct Earned Premium
DFA - Dynamic Financial Analysis (risk model)
DFIRM - Digital Flood Insurance Rate Map
DICGC - Deposit Insurance and Credit Guarantee Corporation of India
DPP - Deferred Premium Payment Plan
E
ECI - Export Credit Insurance
EFT - Electronic Funds Transfer
ELP - Excess Loss Premium
ELR - Expected Loss Rate
EP - Earned Premium
ESOP - Employee Stock Ownership Plan
EPS - Earnings Per Share
ERD - Expected Reinsurer Deficit
F
FAA - Federal Arbitration Act
FASB - Financial Accounting Standards Board
G
GAAR – General Anti- Avoidance Rule
GFD – Gross Fiscal Deficit
GWP - Gross Written Premium
I
ICIA - International Credit Insurance Association
ICSID - International Center for the Settlement of Investment Disputes
IPT - Insurance Premium Tax
L
LPT - Loss Portfolio Transfer
M
MCR - Minimum Capital Requirement
P
PMF - Package Modification Factor
PMI -Private Mortgage Insurance
S
SLR - Stop-Loss Reinsurance
U
ULIPs – United Linked Insurance Plans
UPR – Unearned Premium Reserve
W
WACC - Weighted Average Cost Of Capital
WP - Waiver of Premium Rider
Y
YRCT - Yearly Renewable Convertible Term
YRT - Yearly Renewable Term
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