### SOME IMPORTANT BANKING FACTS AND ABBREVIATIONS ### 1. AADHAAR card denotes – Unique Identity Number 2. PSL – Priority sector lending 3. NBFC – Non Banking Financial Company 4. WPI – Wholesale price Index 5. CPI – Consumer Price Index 6. LAF – Liquidity adjustment facility 7. NDTL – Net Demand and Time Liabilities 8. UCB – Urban Cooperative Bank 9. ECS – Electronic clearing service 10. FSLRC – Financial Sector Legislative Reforms Commission 11. UCIC – Unique Customer Identification Code 12. AML – Anti Money Laundering 13. CFT – Combatting of financial terrorism 14. SME – Small and Medium Enterprises 15. CDR – Corporate Debt Restructuring 16. CDS –Credit Default Swaps 17. IRS – Interest Rate Swaps 18. QE3 –Quantitative Easing 19. FII – Foreign Institutional Investors 20. RRB – Regional Rural Banks 21. PDC – Post Dated Cheques 22. MSE – Micro and Small Enterprises 23. DCCO – Date of commencement of commercial operations 24. CRAR – Capital to Risk weighted assets ratio 25. IBL – Inter bank liability 26. GDS – Gold deposit scheme 27. CAD – Current account deficit 28. ECB – European Central Bank/External commercial Borrowings 29. MFIN – Micro Finance Institutions Network 30. IRDA – Insurance Regulatory Development Authority 31. CRMPG – Counterparty Risk Management Policy Group 32. HTM – Held to maturity 33. SLR – Statutory Liquidity Ratio 34. BC – Business correspondents 35. BF – Business facilitators 36. DSA – Direct selling agents 37. DMA – Direct marketing agents 38. DRA – Debt Recovery agents 39. ELA – Emergency Liquidity assistance 40. BOP – Balance of payments 41. APBS – AADHAAR payment bridge system 42. FDI – Foreign direct investment 43. M3 – Money supply 44. MSF – Marginal standing facility 45. FFA – Forward freight agreements 46. AD – Authorised dealer 47. BIS – Bank for international settlements 48. BR act – Banking Regulation act 49. MCX – Multi commodity exchange 50. PSB – Public sector banks
Posted on: Sun, 14 Dec 2014 09:56:09 +0000