One of the most significant and frequently tested subjects in exams for banking and/or finance is banking abbreviations. Exams like the IBPS PO, SBI, and IBPS Clerk frequently include banking abbreviations as a necessary component. Therefore, it is expected of banking and finance applicants to have a thorough awareness of the key terminology and acronyms used in the banking industry.

NBFCNon Banking Finance Companies
QIBQualified Institutional Bankers
RBIReserve Bank of India
RRBRegional Rural Bank
RIDFRural Infrastructure Development Fund
RFCResident Foreign Currency
RECRural Electrification Corporation
RDBMSRelational Database Management System
NABARDNational Bank for Agriculture and Rural Development
LERMSLiberalized Exchange Rate Management System
LAMPSLarge Sized Adivasi Multipurpose Societies
EDPEntrepreneurship Development Programme
SIDBISmall Industries Development Bank of India
NABARDNational Bank for Agriculture and Rural Development
EXIM bankExport and Import Bank of India
KYCKnow Your Customer
KVICKhadi and Village Industries Corporation
ALMAsset Liability Management
ALCOAsset Liability Committee
FEDAIForeign Exchange Dealers Association of India
RTGSReal Time Gross Settlement
RWARisk Weighted Assets
SBIState Bank of India
SCBScheduled Commercial Bank
NRENon Resident External Account
DPGDeferred Payment Guarantee
ASBAApplications Supported Bank Accounts
ANBCAdjusted Net Bank Credit
ALMAsset Liability Management
LABLocal Area Banks
YTMYield to Maturity
SDRSpecial Drawing Rights
NRINon Resident Indian
OLTASOnline Tax Accounting System
POAPower of Attorney
OCBOverseas Corporate Bodies
DRATDebt Recovery Appellate Tribunal
DPNDemand Promissory Note
NPVNet Present Value
DSCRDebt Service Coverage Ratio
DRIDifferential Rate Of Interest
OMOOpen Market Operations
PACSPrimary Agricultural Credit Societies
LICLife Insurance Corporation of India
IEPFInvestors Education and Protection Fund
IRDAInsurance Regulatory and Development Authority
CCILClearing Corporation of India Limited
OTCEIOver the Counter Exchange Of India
ISCIInternational Standard Industrial Classification
KCCKisan Credit Card
BCSBIBanking Codes and Standards Board of India
FCNRForeign Currency Non Resident Deposit Accounts
NSENational Stock Exchange
MICRMagnetic Ink Character Recognition
CARCapital Adequacy Ratio
SHGSelf Help Group
SFMSStructured Financial Messaging Services
SEBISecurities and Exchange Board of India
MISManagement Information System
MCAMinistry Of Company Affairs
YTMYield To Maturity
IDRBTInstitute for Development and Research Of Banking Technology
CDRSCorporate Debt Restructuring
CRISILCredit Rating Information Services Of India
ICRAInvestment Information and Credit Rating Agency of India Limited
CARECredit Analysis and Research Limited
IRDAInsurance Regulatory and Development Authority of India
CASACurrent and Savings Accounts
CBLOCollateralized Bank Lending Obligations
CIBILCredit Information Bureau of India Limited
CRRCash Reserve Ratio
KYCKnow Your Customer Guidelines
SSISmall Scale Industries
EMIEquated Monthly Instalments
SLRSScheme for Liberation and Rehabilitation of Scavengers
SLRStatutory Liquidity Ratio
IPOInitial Public Offer
EPSEarning per Share
EDIElectronic Data Interchange
WPIWholesale Price Index
UTIUnit Trust of India
SMESmall and Medium Industries
NEFTNational Electronic Fund Transfer
PINPersonal Identification Number
PDOPublic Debt Office
ESOPEmployee Stock Options
SSSBESmall Scale Service and Business Enterprises
SJSRYSwarna Jayanthi Shahari Rozgar Yojana
SIDCState Industrial Development Corporation
SIDBISmall Industries Development Bank of India
SLRStatutory Reserve Ratio
SMERASME Rating Agency of India Limited
BOEBill of Exchange