Bpec full form in banking

Questions on Banking abbreviations are frequently asked in many bank exams. These Finance and banking abbreviations are short forms used in the banking industry to make communication easier and operations more efficient. Finance and banking Abbreviations terms is a major part of the general knowledge or general awareness section of banking examinations like SBI PO exam, RBI Exam, IBPS PO exam, IBPS RRB Exam This section is called the Static GK section of the exams. Candidates can go through this complete abbreviation of finance and banking terms article and get an understanding of what will be asked in the examinations.

Candidates preparing for upcoming public or private-sector Bank Exams or even insurance exams will have to prepare banking & finance abbreviations

• This article covers essential information related to 100+ abbreviations used in banking and finance for ultimate preparation.
• Candidates can access A-Z letter-wise abbreviations of finance and banking terms that are asked in Bank PO, Clerk, SO, Grade B and Assistant exams.
• Aspirants will also be able to download banking abbreviations PDF for offline preparation of SBI, IBPS, RBI exams.

What are Banking Abbreviations?

As you know, abbreviations are letter-based short forms of any term or nomenclature used for shortcut purposes. Thus, there are several banking abbreviations (short-forms) that candidates must prepare for exams. It must be noted that finance and banking abbreviations are not directly included in the Bank Exam Syllabus, but reading this article can help you prepare for such questions, which are often asked in the General Awareness section for a total of 8-10 marks.

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List of Banking Abbreviations

Check A-Z complete Banking Abbreviations list used in the banking industry for quick reference

1. ACF - AutoCorrelation Function
2. AD - Authorised Dealer
3. ADB - Asian Development Bank
4. ADR - American Depository Receipt
5. AFS - Annual Financial Statement
6. AIRCSC - All India Rural Credit Survey Committee
7. ASSOCHAM - Associated Chambers of Commerce and Industry of India
8. BIS - Bank for International Settlements
9. BoP - Balance of Payments
10. BSCS - Basel Committee of Banking Supervision
11. BSR - Basic Statistical Returns
12. CAD - Capital Account Deficit
13. CAG - Controller and Auditor General of India
14. CC - Cash Credit
15. CD - Certificate of Deposit
16. CR Ratio - Credit Deposit Ratio
17. CF - Company Finance
18. CFRA - Combined Finance and Revenue Accounts
19. CGRA - Currency and Gold Revaluation Account
20. CII - Confederation of Indian Industry
21. CO - Capital Outlay
22. CP - Commercial Paper
23. CPI - Consumer Price Index
24. CR - Capital Receipts
25. CRAR - Capital to Risk-Weighted Asset Ratio
26. CRR - Cash Reserve Ratio
27. CVC - Central Vigilance Commission
28. DBOD - Department of Banking Operations and Development
29. DCB - Demand Collection and Balance
30. DCCB - District Central Co-operative Bank
31. DCM, RBI - Department of Currency Management, RBI
32. DD - Demand Draft
33. DEIO - Department of External Investments and Operations
34. DGCI&S - Directorate General of Commercial Intelligence and Statistics
35. DI - Direct Investments
36. DICGC - Deposit Insurance and Credit Guarantee Corporation of India
37. DID - Discharge of Internal Debt
38. DMA - Departmentalized Ministries Account
39. DRI - Differential Rate of Interest Scheme
40. DSBB - Dissemination Standards Bulletin Board
41. DVP - Delivery Versus Payment
42. ECB - External Commercial Borrowing
43. ECB - European Central Bank
44. ECGC - Export Credit and Guarantee Corporation
45. ECS - Electronic Clearing Scheme
46. EDMU - External Debt Management Unit
47. EEA - Exchange Equalization Account
48. EEC - European Economic Community
49. EEFC - Exchange Earners Foreign Currency
50. EFR - Exchange Fluctuation Reserve
51. EXIM Bank - Export Import Bank of India
52. FCA - Foreign Currency Assets
53. FCCB - Foreign Currency Convertible Bond
54. FCNRB(B) - Foreign Currency Non- resident (Banks)
55. FCNRA - Foreign Currency Non Resident Account
56. FCNRD - Foreign Currency Non Repatriable Deposit
57. FDI - Foreign Direct Investment
58. FEMA - Foreign Exchange Management Act
59. FI - Financial Institution
60. FICCI - Federation of Indian Chambers of Commerce and Industry
61. FII - Foreign Institutional Investor
62. FIMMDA - Fixed Income Money Market and Derivatives Association of India
63. FISIM - Financial Intermediation Services Indirectly Measured
64. FLAS - Foreign Liabilities and Assets Survey
65. FOF - Flow of Funds
66. FPI - Foreign Portfolio Investment
67. FRA - Forward Rate Agreement
68. FRN - Floating Rate Note
69. GDP - Gross Domestic Product
70. GDR - Global Depository Receipt
71. G-Sec - Government Securities
72. IBRD - International Bank for Reconstruction and Development
73. IDRBT - Institute for Development and Research in Banking Technology
74. IEPF - Investors Education and Protection Fund
75. IFSC - Indian Financial System Code
76. IFC - Indian Financial Corporation
77. IFCI - Industrial Finance Corporation of India
78. IIBF - International Institute of Banking and Finance
79. IIBI - Industrial Investment Bank of India
80. IFC - International Finance Corporation
81. IFR - Investment Fluctuation Reserve
82. IIP - Index of Industrial Production
83. IMF - International Monetary Fund
84. IP - Interest Payment
85. ISDA - International Swaps and Derivative Association
86. ISO - International Standards Organisation
87. KYC - Know Your Customer
88. KVP - Kisan Vikas Patra
89. KVIC - Khadi and Village Industries Corporation
90. LAF - Liquidity Adjustment Facility
91. LAS - Loans and Advances by States
92. LDB - Land Development Bank
93. LERMS - Liberalised Exchange Rate Management System
94. M1 - Narrow Money
95. M3 - Broad Money
96. MA - Moving Average
97. MCA - Ministry of Corporate Affairs
98. MIGA - Multilateral Investment Guarantee Agency
99. MSS - Market Stabilisation Scheme
100. NABARD - National Bank for Agriculture and Rural Development
101. NBFC - Non Banking Financial Companies
102. NEC - Not Elsewhere Classified
103. NEER - Nominal Effective Exchange Rate
104. NFA - Non Foreign Exchange Assets
105. NFD - Net Fiscal Deficit
106. NHB - National Housing Bank
107. NIF - Note Issuance Facility
108. NPA - Non Performing Assets
109. NPV - Net Present Value
110. NSSF - National Small Savings Fund
111. OD - Overdraft
112. OECD - Organisation for Economic Cooperation and Development
113. OLTAS - Online Tax Accounting System
114. PACS - Primary Agricultural Credit Societies
115. PD - Primary Deficit
116. RD - Revenue Deficit
117. RE - Revenue Expenditure
118. REER - Real Effective Exchange Rate
119. RIB - Resurgent India Bonds
120. RLA - Recoveries of Loans and Advancements
121. RTC - Repayment of Loans to Centre
122. RoC’s - Registrars of Companies
123. RR - Revenue Receipts
124. RRB - Regional Rural Bank
125. RTP - Reserve Tranche Position
126. RUF - Revolving Underwriting Facility
127. RWA - Risk Weighted Asset
128. SCARDB - State Co-operative Agriculture and Rural Development Bank
129. SCB - State Co-operative Bank
130. SCB - Scheduled Commerical Bank
131. SDDS - Special Data Dissemination Standards
132. SDR - Special Drawing Right
133. SEBI - Securities Exchange Board of India
134. SFC - State Financial Corporation
135. SIDBI - Small Industries Development Bank of India
136. SIDC - State Industrial Development Corporation
137. SLR - Statutory Liquidity Ratio
138. SMG - Standing Monitoring Group
139. SNA - System of National Accounts
140. TB’s - Treasury Bills
141. TC - Temporary Change
142. TT - Telegraphic Transfer
143. UCN - Uniform Code Number
144. UTI - Unit Trust of India
145. WPI - Wholesale Price Index
146. YTM - Yield to Maturity

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Banking Abbreviations Quiz

The banking abbreviations quiz is designed to evaluate your knowledge of frequently used banking abbreviations & terms in the banking industry. Take the banking abbreviations quiz to strengthen your familiarity with all these abbreviations for bank exam preparation

Banking and Finance Terms - Related Links

Related Links

Once you know all the abbreviations used in bank exams, also check out other important links for Bank Exams preparation below -

As we look back on such topics related to GK, it is also important to understand that these topics are crucial for your competitive exams. To know more about other important examinations or information, download our Testbook app today and make your way easy to learn.

FAQs on Banking Abbreviations

What does APR stand for in banking?

APR stands for Annual Percentage Rate. It is the annual interest rate charged on a loan, credit card, or mortgage.

What is IRA in finance?

IRA stands for Individual Retirement Account. It is a type of investment account that offers tax advantages for retirement savings.

What does FDIC stand for in banking?

FDIC stands for Federal Deposit Insurance Corporation. It is a US government agency that provides insurance to protect depositors in case their bank fails.

What is LIBOR in finance?

LIBOR stands for London Interbank Offered Rate. It is the interest rate at which banks can borrow funds from other banks in the London interbank market.

What is ACH in banking?

ACH stands for Automated Clearing House. It is an electronic network used by US financial institutions to process transactions such as direct deposits and bill payments.

What does SWIFT stand for in finance?

SWIFT stands for Society for Worldwide Interbank Financial Telecommunication. It is a network used by banks to exchange financial information securely and efficiently.

What is ETF in finance?

ETF stands for Exchange-Traded Fund. It is a type of investment fund that is traded on stock exchanges and holds a basket of securities.

What does CFPB stand for in banking?

CFPB stands for Consumer Financial Protection Bureau. It is a US government agency responsible for consumer protection in the financial sector.

What is NACHA in banking?

NACHA stands for National Automated Clearing House Association. It is a US-based nonprofit organization that oversees the ACH network and establishes rules and standards for ACH transactions.

What does IPO stand for in finance?

IPO stands for Initial Public Offering. It is the first time a company's stock is offered to the public, allowing investors to buy shares in the company.