List of Important Full-Form / Abbreviations

Here is the list of most searched abbreviations by the younger generation in the country. Do a simple CTRL+F to search your abbreviation.

A

• ADB: Asian Development Bank
• AGM: Annual General Meeting
• AIBP: Accelerated Irrigation Benefit Programme 
• AMC: Annual Maintenance Contract
• ALM: Asset Liability Management
• AMEX: American Stock Exchange
• AMFI: Association of Mutual Funds in India
• AML: Anti-Money Laundering
• ANBC: Adjusted Net Bank Credit
• APACS: Association for Payment Clearing Services
• APC: Average Propensity to Consume
• ARIEL: Automated Real-Time Investment Exchange
• ASEAN: Association of Southeast Asian Nations
• ATM: Automated Teller Machine
• ATIF: Agriculture Tech Infrastructure Fund
• ASBA: Application Supported by Blocked Amount
• ATS: Anti-Terrorism Squad

B

• BBB: Bank Board Bureau
• BC: Business Correspondent
• BCBS: Basel Committee on Banking Supervision 
• BCSBI: Banking Codes and Standards Board of India
• BIFR: Board of Industrial &Financial Reconstruction
• BIS: Bank for International Settlements (Switzerland)
• BLR: Business and Legal Reports
• BOP: Balance of Payments
• BP: Base Points (of an interest rate)
• BPLR: Benchmark Prime Lending Rate
• BSE: Bombay Stock Exchange
• BSBDA: Basic Saving Bank Deposit Account
• BSDA: Basic Service Demat Account

C

• CACP: Commission for Agricultural Cost and Prices
• CAD: Current Account Deficit
• CAFRAL: Centre for Advanced Financial Research & Learning
• CAMELS: Capital Adequacy, Asset Quality, Management, Earnings, Liquidity, Sensitivity
• CAPART: Council for Advancement of People’s Action & Rural Technology
• CARE: Credit Analysis & Research Ltd.
• CBDT: Central Board of Direct Taxes
• CBI: Central Bureau of Investigation
• CBS: Core Banking Solution
• CBMP: Coordinated Border Management Plant
• CCIL: Clearing Corporation of Indian Limited
• CCEA: Cabinet Committee on Economic Affairs
• CD: Certificate of Deposit
• CDR: Corporate Debt Restructuring
• CDS: Credit Default Swap
• CDSL: Central Depository Services Ltd.
• CEA: Council of Economic Advisers
• CEIB: Central Economic Intelligence Bureau
• CEO: Chief Executive Officer
• CFMS: Centralized Funds Management System
• CFSA: Committee on Financial Sector Assessment 
• CFTC: Commodity Futures Trading Commission
• CGF: Credit Guarantee Fund
• CGFMU: Credit Guarantee Fund for Mudra Units.
• CGFTMSE: Credit Guarantee Fund Trust for Micro & Small Enterprises
• CGT: Capital Gains Tax
• CHIPS: Clearing House Interbank Payments System (New York)
• CIBIL: Credit Information Bureau India Ltd.
• CIB: Central Intelligence Bureau/Change Impact Board
• CIS:  Commonwealth of Independent States
• CLB: Company Law Board
• CNG: Compressed Natural Gas
• CNP: Card Not Present
• COMESA: Common Market for Eastern & Southern Africa
• CP: Commercial Paper
• CPI: Consumer Price Index
• CPI-IW: Consumer Price Index for Industrial Workers
• CPP: Current Purchasing Power
• CRAR: Capital to Risk-Weighted Assets Ratio
• CRISIL: Credit Rating & Information Service of India Ltd.
• CRR: Cash Reserve Ratio
• CSC: Card Security Code
• CSO: Central Statistical Organization
• CSR: Corporate Social Responsibility
• CST: Central Sale Tax
• CSIR: Council for Scientific 8t Industrial Research
• CTS: Cheque Truncation System
• CTS: Complaint Tracking System
• CVC: Card Verification Code
• CVL: CDSL Venture Ltd.
• CVV: Card Verification Value

D

• DAE: Department of Atomic Energy
• DBT: Direct Benefit Transfer
• DEPB: Duty Entitlement Passbook
• DGFT: Directorate General of \ Foreign Trade
• DICGC: Deposit Insurance & Credit Guarantee 
• DIPP: Department of Industrial Policy and Promotion
• DSIBS: Domestic Systemically Important Banks
• DTL:  Demand & Time Liabilities
• DRT: Debt Recovery Tribunal
• DTAA: Double Tax Avoidance Agreement

E

• ECB: External Commercial Borrowings
• EBRD: European Bank for Reconstruction and Development
• ECGC: Export Credit Guarantee Corporation
• ECS: Electronic Clearing Services
• EFF: Extended Fund Facility
• EFT: Electronic Funds Transfer
• EFTPOS: Electronic Fund Transfer at Point of Sale
• EMV: Europay, Master Card & Visa
• EMI: Equated Monthly Installment
• E-TAAL: Electronic – Transaction Aggregation & Analysis Layer
• EU: Expected Utility, European Union
• EXIM Bank: Export Import Bank

F

• FAO: Food and Agricultural Organization
• FATCA: Foreign Account Tax Compliance Act
• FATF: Financial Action Task Force
• FBT: Fringe Benefit Tax
• FBTR: Fast Breeder Test Reactor
• FCAs: Foreign Currency Assets
• FCCB: Foreign Currency Convertible Bond
• FCEB: Foreign Currency Exchange Bond
• FDI: Foreign Direct Investment
• FERA: Foreign Exchange Regulation Act
• FEMA: Foreign Exchange Management Act
• FFMC: Full Fledged Money Changers
• FIIs: Foreign Institutional Investors
• FIU-IND: Financial Intelligence Unit-India
• FINO: Financial Investment Network & Operations
• FMC: Forward Market Commission
• FOB: Free On Board
• FRBM: Fiscal Responsibility & Budget Management
• FSB: Financial Stability Board
• FSDC: Financial Stability & Development Council
• FSLRC: Financial Sector Legislative Reform Commission
• FTSE100: Financial Times Stock Exchange 100 Share Index
• FSSAI: Food Safety and Standards Authority of India
• FTO: Foreign Trade Organization
• FTZ: Free Trade Zone

G

• GAGAN: GPS Aided Geo-Augmented Navigation
• GATT: General Agreement on Tariff & Trade
• GDP: Gross Domestic Product
• G7: Group of Seven (Canada, France, Germany, Italy, Japan, UK, USA)
• G8: Group of Eight (G7 + Russia)
• GATS: General Agreement on Trade in Services
• GDRs: Global Depository Receipts
• GNP: Gross National Product
• GSLV: Geosynchronous Satellite Launch Vehicle
• GST: Goods & Services Tax

H

• HR: Human Resources HRM: Human Resource Management

I

• IATA: International Air Travel Association
• IBA: Indian Bank’s Association
• IBPS: Indian Bill Payment System
• IBRD: International Bank for Reconstruction & Development
• IDFC: Infrastructure Development Finance Company
• IDR: Indian Depository Receipt
• IDRBT: Institute for Development &Research in Banking Technology
• IEDC: Innovation &Entrepreneurship Development Centre
• IFRS: International Financial Reporting Standard
• IFSC: Indian Financial System Code
• IIB: International Investment Bank
• IIF: Institute for International Finance
• ILO: International Labour Organization
• IMGC: Indian Mortgage Guarantee Corporation
• IMPS:  Immediate Payment Service
• IINSSC: Inflation Index National Saving Securities Cumulative
• IMF: International Monetary Fund
• IPOs: Initial Public Offerings
• IP: Intellectual Property
• IRNSS: Independent Regional Navigation Satellite System
• IRDA: Insurance Regulatory & Development Authority
• ISO: International Organization for Standardization
• ISRO: International Securities Regulatory Organization/ Indian Space Research Organization
• IT: Information Technology

J

• JLG: Joint Liability Group

K

• KCC: Kisan Credit Cards
• KYC: Know Your Customer

L

• LAF: Liquidity Adjustment Facility
• LIBOR: London Inter Bank Offer Rate
• LNG: Liquefied Natural Gas
• LSE: London Stock Exchange
• LTV: Loan to Value

M

• M&A: Merger and Acquisition
• MICR: Magnetic Ink Character Recognition 
• MIGA: Multilateral Investment Guarantee Agency
• MITC: Most Important Terms & Condition
• MMDA: Money Market Deposit Account
• MMMFs: Money Market Mutual Funds MMID: Mobile Money Identifier
• MOM: Mars Orbiter Mission
• MLFPS: Market Linked Focus Product System
• MPFI: Mobile Payment Forum of India
• MRP: Marginal Revenue Product/ Maximum Retail Price
• MRTP: Monopoly & Restrictive Trade Practices 
• MSF: Marginal Standing Facility
• MTSS: Money Transfer Service Scheme
• MSMEs: Micro, Small & Medium Enterprises
• MSEs: Micro & Small Enterprises

N

• NABARD: National Bank for Agriculture & Rural Development
• NAIS: National Animal Identification System
• NASDAQ: National Association of Securities Dealers Automated Quotations (USA)
• NAV: Net Asset Value
• NBFC: Non-Banking Financial Companies
• NCGTC: National Credit Guarantee Trustee Company Ltd.
• NCSBS: Non-Cooperate Small Business Sector
• NCLT: National Company Law Tribunal
• NDMC: New Delhi Municipal Council
• NDP: Net Domestic Product
• NDTL: Net Demand & Time Liabilities
• NEFT: National Electronic Funds Transfer
• NHRM: National Health Rural Mission
• NIDHI: National Interest for Developing & Harnessing Innovations
• NIM: Net Interest Margin
• NITI: National Institution for Transforming India
• NIBM: National Institute of Bank Management
• NIOT: National Institute of Ocean Technology
• NMCEX: National Multi Commodity Exchange of India
• NOC: No Objection Certificate
• NOFHC: Non-Operation Financial Holding Company
• NPA: Non-Performing Assets
• NPAC: National Plan of Action for Children
• NPPA: National Pharmaceutical Pricing Authority
• NPCI: National Payments Corporation of India
• NRE: Non-Resident External
• NREGS: National Rural Employment Guarantee Scheme
• NRI: Non-Resident India
• NSDL: National Security Depository Limited
• NSE: National Stock Exchange
• NTCA: National Tiger Conservation Authority
• NSSF: National Small Saving Fund

O

• OBCs: Other Backward Classes
• OD: Overdraft
• OECD: Organization for Economic Co-operation & Development
• OMO: Open Market Operation
• OPEC: Organization for Petroleum Exporting Countries
• OTC: Over-The-Counter

P

• PAN: Permanent Account Number
• PD: Primary Dealers
• PDMA: Public Debt Management Agency
• PE: Private Equity
• PETA: People of Ethical Treatment of animals
• PFRDA: Pension Fund Regulatory & Development Authority
• PIIGS: Portugal, Italy, Ireland, Greece & Spain
• PIO: Person of Indian Origin
• PIN: Personal Identification Number
• PKI: Public Key Infrastructure
• PLR: Prime Lending Rate
• PMLA: Prevention of Money Laundering Act
• P-Notes: Participatory Notes
• Prove: Polar remotely operated vehicle
• PSBs: Public Sector Banks

Q

• QIB: Qualified Institutional Buyer

R

• REIT: Real Estate Investment Trust
• REPO: Repurchase Agreement
• RIDF: Rural Infrastructure Development Fund
• RNBC:  Residuary Non-Banking Company
• ROA: Return on Assets
• RRBs: Regional Rural Banks
• RTE: Right to Education
• RTGS: Real Time Gross Settlement
• RTI: Right to Information

S

• SAARC: South Asian Association for Regional Co-operation
• SARFAESI: Securitization And Reconstruction of Financial Assets And Enforcement of Security Interest
• SBAS: Satellite Based Augmentation System SCB: Scheduled Commercial Bank
• SDR: Special Drawing Rights
• SEZs: Special Economic Zones
• SFMS: Structured Financial Messaging System SHG: Self Help Groups
• SIDBI: Small Industries Development Bank of India SLR: Statutory Liquidity Ratio
• SMEs: Small & Medium Enterprises
• SMERA: SME Rating Agency of India
• SMILE: Sidbi make in India loan for enterprise
• SOFIA: Stratospheric observatory infrared astronomy. SSL: Secure Socket Layer
• STRIPS: Separate trading for registered interest & principal of securities.
• SWIFT: Society for worldwide interbank financial telecommunications

T

• TFA: Trade Facilitation Agreement
• TIN: Tax Information Network
• TRAI: Telecom Regulatory Authority of India

U

• UCBs: Urban Cooperative Banks
• UGC: University Grants Commission
• UIDAI: Unique Identification Development Authority of India
• UNCTAD: United Nations Conference on Trade & Development
• UNDP: United Nations Development Programme
• USB: Ultra Small Branches
• USOF: Universal Service Obligation
• UWIN: Unorganized Workers Identification Number

V

• VAT: Value Added Tax
• VCES: Voluntary Compliance Encouragement Scheme
• VOIP: Voice Over Internet Protocol

W

• WPI: Wholesale Price Index
• WTFC: World Tourism Cities Federation
• WTO: World Trade Organization

Y

• Y-o-Y: Year-on-Year

Z

• ZTC: Zonal Training Centre
• ZPG: Zero Population Growth