Some Important Banking Abbreviation

1. KCC – Kisan Credit Card
2. KYC – Know your customer
3. LIC – Life Insurance Corporation of India
4. MICR – Magnetic Ink Character Recognition
5. NABARD – National Bank for Agriculture and Rural Development
6. NBFC – Non Banking Finance Companies
7. NEFT – National Electronic Funds Transfer
8. NPA – Non Performing assets
9. NRE – Non Resident External account
10. NRI – Non Resident Indian
11. NSE – National Stock Exchange
12. OMO – Open market operations
13. PIN – Personal Identification Number
14. QIB – Qualified Institutional Buyers
15. RBI – Reserve Bank of India
16. RDBMS – Relational Database Management System
17. RIDF – Rural Infrastructure Development Fund
18. RRB – Regional Rural Bank
19. RTGS – Real Time Gross Settlement
20. RWA – Risk Weighted Assets
21. SBI – State Bank of India
22. SCB – Scheduled Commercial Bank
23. SDR – Special Drawing Rights
24. SEBI – Securities and Exchange Board of India
25. SHG – Self Help Group
26. SIDBI – Small Industries Development Bank of India
27. SIDC – State Industrial Development Corporation
28. SJSRY –Swarna Jayanthi Shahari Rozgar Yojana
29. SLR – Statutory Liquidity Ratio
30. SLRS – Scheme for Liberation and Rehabilitation of Scavangers
31. SMERA – SME rating agency of India Limited
32. SSI – Small Scale Industries
33. SME – Small and Medium Industries
34. UTI – Unit Trust of India
35. WPI – Wholesale Price Index
36. LAB – Local Area Banks
37. ALM – Asset Liability Management
38. ASBA – Applications supported Bank accounts
39. BOE – Bill of Exchange
40. CASA – Current and savings accounts
41. CIBIL – Credit Information Bureau of India Limited
42. EMI – Equated Monthly Instalments
43. LIBOR – London Inter Bank Operations Rate
44. MIBOR – Mumbai Inter Bank Operations Rate
45. MOU – Memorandum of Understanding
46. NPV – Net Present Value
47. EPS – Earnings Per Share
48. SEBI – Securities and Exchange Board of India
49. LAF – Liquidity Adjustment Facility