Banking Abbreviations For All Banking Exams

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Banking Abbreviations For All Banking Exams

1. PIN: Personal Identification Number
2. CCEA – Cabinet Committee on Economic Affairs
3. GIRO - Government Internal Revenue Order
4. PPP – Public Private Partnership & Purchasing Power parity
5. HDFC: Housing Development Finance Corporation
6. SWOT: Strength, Weeknesses, Opportunities And Threats
7. SWIFT: Society for Worldwide Financial Telecommunications,
8. FERA: Foreign Exchange Regulations Act
9. FEMA: Foreign Exchange Management Act
10. CRISIL: Credit Rating Information Services of India Limited
11. CIBIL: Credit Information Bureau (India) Ltd
12. KYC: Know Your Customer
13. RTGS: Real Time gross settlement
14. NEFT: National electronic Money Transfer
15. EFT: Electronic fund transfer
16. CBS: Core banking Solutions
17. PSBs: Public Sector banks
18. FIIs: Foreign Institutional investments
19. FDI: Foreign Direct Investment
20. IPO: Initial Public Offering
21. IBA: Indian bank Association
22. BPLR: Benchmark prime Lending rate
23. ICICI: Industrial Credit and Investment Corporation of India
24. MICR: Magnetic Ink Character reader
25. BIRD: Bankers Institute of Rural development
26. ICRA: Indian Credit rating Agency
27. CARE: Credit Analysis & Research Ltd
28. WMAs: Ways and means Advances
29. ALM: Asset Liability management
30. CASA: Current and saving account
31. NDTL: Net Demand and Time Liabilities
32. ALM- Asset Liability Management
33. ASBA: Application Supported by Blocked Amount
34. CBS: Core Banking Solution
35. FSLRC – Financial Sector Legislative Reforms Commission
36. CRAR: Capital to Risk-weighted Assets Ratio
37. LCR: Liquidity Coverage Ratio
38. TARC - Tax Administration Reform Commission
39. TIEA – Tax Information exchange Agreement
40. . GAAR - General anti avoidance rule
41. LIBOR: London Interbank Offered rate
42. MIBOR: Mumbai Interbank Offered rate
43. MIBID: Mumbai Interbank Bid rate
44. SARFAESI: Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest
45. CAMELS: (C)apital adequacy
(A)ssets
(M)anagement Capability
(E)arnings
(L)iquidity (also called asset liability management)
(S)ensitivity
46. CAR: Capital Adequecy Ratio
TIN - Tax Information Network (TIN)
47. IMPS - Interbank Mobile Payment Service (IMPS).
48. CDR- Corporate Debt Restructuring
49. CAD- Capital Account Deficit
50. REITs: Real Estate Investment Trusts
51. InvITs: Infrastructure Investment Trusts
52. DTAA – Double Taxation Avoidance Agreement
53. ECBs - External Commercial Borrowings
54. EFSF – European Financial Stability Facility
55. FINO- Financial Inclusion Network Operation
56. FIPB – Foreign Investment Promotion board
57. SENSEX: Sensitive index of Stock Exchange
58. GNP: Gross national Product
59. NASDAQ: National Association of Securities Dealers Automated Quotations
60. NAV: Net Asset value
61. ATM Full Form - - Asynchronous Transfer Mode
62. ATM Full Form - - Automated teller machine
63. BCBS Full Form - - - Basel committee for Banking Supervision
64. GST - Goods and Service Tax

100 Banking Awareness points
⤵️
▪️Exchange of cash flow in different currency is known as: Ans: Currency Swap
●
Expand ASBA:Ans: Application Supported by Blocked Amount
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Fastest mode of transaction: Ans: RTGS
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First Indian Bank to introduce credit card: Ans: Central Bank of India
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Fixed Deposit (FD)Account may be opened for a minimum period of: Ans: 7 days
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Fixed deposits and recurring deposits are: Ans: repayable after an agreed period
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Forward Market Commission merge with: Ans: SEBI
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Full form IFSC – Ans: Indian Financial System Code
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Full form of CASA –Ans: Current Account Saving Account
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Full form of CVV: Ans: Card Verification Value
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Full form of EFT: Ans: Electronic Fund Transfer
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Full form of REIT:Ans: Real State Investment Trust
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How much amount of money can RBI lend to a bank? Ans: 2% of NDTL
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How much amount RBI allows in 'Tap and pay'transactions without PIN? Ans: Rs. 2000
●
How much fee charged to file a complaint under Banking Ombudsman? Ans: Banking
Ombudsman does not charge any fee
●
How much overdraft facility to be provided in 'Pradhan

Mantri Jan Dhan Yojana'
scheme? Ans: Rs. 5,000
●
If a cheque is postdated, the bank on which it is drawn: Ans: will not honour the cheque
before the date of the cheque
●
If any customer is not satisfied by the decision of Banking Ombudsman, customer can
appeal against the award before the appellate authority within how many days from the
date of receipt? Ans 30 days
●
If RBI reduces CRR, what happens: Ans: Credit Supply increases, loans get cheaper.
222 IFRS full form:Ans: International Financial Reporting Standards
● 
IFSC code consists of _ alpha numeric code. Ans: 11 digits (The IFSC is an 11 digit
alpha numeric code, with the first four digits identifying the bank, fifth is numeric(kept
0) and the last six digits represent the bank branch.)
●
IMPS - Immediate Payment Service is an interbank electronic instant mobile money
transfer service through mobile phones in India, the facility is provided by: Ans: NPCI
(National Payment Corporation of India)
●
In a bank, which of the following are the usual types of accounts? Ans: Current
accounts, Savings bank accounts and Term deposit accounts
●
In banking business, when the borrowers avail a term Loan, initially they are given a
repayment holiday and this is referred as: Ans: Moratorium
●  @dailynotess
In BSBDA (Basic Savings Bank Deposit Account) the balance at any point of time does
not exceed rupees: Ans: Rs. 50,000
●
In BSBDA (Basic Savings Bank Deposit Account) the credits in a financial year does
not exceed rupees: Ans: Rs. 1 lakh
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In BSBDA (Basic Savings Bank Deposit Account) the withdrawals and transfers in a
month does not exceed rupees: Ans: Rs. 10,000
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In CBS, C stands for: Ans: Core
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In CRAR, A stands for: Ans: Assets (Capital to Risk Weighted Assets Ratio)
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In India, one- rupee coins are issued by: Ans: Govt. of India
●  @dailynotess
In what denominations Commercial Paper (CP) can be issued? Ans: Rs. 5 lakh
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In which of the following fund transfer mechanisms,can funds be moved from one bank
to another and where the transaction is settled instantly without being bunched with any
other transaction?Ans: RTGS
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Increased interest rates, as is existing in the economy at present will: Ans: mean higher
cost of raw materials
●
PIN is a number allocated to an individual and used to validate electronic transactions.
●Expand PIN:Ans: Personal Identification Number
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Pradhan Mantri Jan Dhan Yojana' is a Scheme for: Ans: Financial inclusion
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Prime Lending Rate is replaced by: Ans: Base rate
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Purpose of starting Minor account for 10 years children: Ans: Financial inclusion
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RBI established on: Ans: April1, 1935  
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RBI extended the timeline for full implementation of Basel III norms till: Ans: 31 March
2019
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RBI gave in-principle for Banking license to: Ans: IDFC and Bandhan
●
RBI lifted a ban on carrying Indian bank notes of Rs1,000 and Rs. 500 denominations to
and from:Ans: Nepal and Bhutan
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RBI measure to liquidate the market: Ans: Repo rate.
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RBI nationalized in: Ans: