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.
| NBFC | Non Banking Finance Companies |
| QIB | Qualified Institutional Bankers |
| RBI | Reserve Bank of India |
| RRB | Regional Rural Bank |
| RIDF | Rural Infrastructure Development Fund |
| RFC | Resident Foreign Currency |
| REC | Rural Electrification Corporation |
| RDBMS | Relational Database Management System |
| NABARD | National Bank for Agriculture and Rural Development |
| LERMS | Liberalized Exchange Rate Management System |
| LAMPS | Large Sized Adivasi Multipurpose Societies |
| EDP | Entrepreneurship Development Programme |
| SIDBI | Small Industries Development Bank of India |
| NABARD | National Bank for Agriculture and Rural Development |
| EXIM bank | Export and Import Bank of India |
| KYC | Know Your Customer |
| KVIC | Khadi and Village Industries Corporation |
| ALM | Asset Liability Management |
| ALCO | Asset Liability Committee |
| FEDAI | Foreign Exchange Dealers Association of India |
| RTGS | Real Time Gross Settlement |
| RWA | Risk Weighted Assets |
| SBI | State Bank of India |
| SCB | Scheduled Commercial Bank |
| NRE | Non Resident External Account |
| DPG | Deferred Payment Guarantee |
| ASBA | Applications Supported Bank Accounts |
| ANBC | Adjusted Net Bank Credit |
| ALM | Asset Liability Management |
| LAB | Local Area Banks |
| YTM | Yield to Maturity |
| SDR | Special Drawing Rights |
| NRI | Non Resident Indian |
| OLTAS | Online Tax Accounting System |
| POA | Power of Attorney |
| OCB | Overseas Corporate Bodies |
| DRAT | Debt Recovery Appellate Tribunal |
| DPN | Demand Promissory Note |
| NPV | Net Present Value |
| DSCR | Debt Service Coverage Ratio |
| DRI | Differential Rate Of Interest |
| OMO | Open Market Operations |
| PACS | Primary Agricultural Credit Societies |
| LIC | Life Insurance Corporation of India |
| IEPF | Investors Education and Protection Fund |
| IRDA | Insurance Regulatory and Development Authority |
| CCIL | Clearing Corporation of India Limited |
| OTCEI | Over the Counter Exchange Of India |
| ISCI | International Standard Industrial Classification |
| KCC | Kisan Credit Card |
| BCSBI | Banking Codes and Standards Board of India |
| FCNR | Foreign Currency Non Resident Deposit Accounts |
| NSE | National Stock Exchange |
| MICR | Magnetic Ink Character Recognition |
| CAR | Capital Adequacy Ratio |
| SHG | Self Help Group |
| SFMS | Structured Financial Messaging Services |
| SEBI | Securities and Exchange Board of India |
| MIS | Management Information System |
| MCA | Ministry Of Company Affairs |
| YTM | Yield To Maturity |
| IDRBT | Institute for Development and Research Of Banking Technology |
| CDRS | Corporate Debt Restructuring |
| CRISIL | Credit Rating Information Services Of India |
| ICRA | Investment Information and Credit Rating Agency of India Limited |
| CARE | Credit Analysis and Research Limited |
| IRDA | Insurance Regulatory and Development Authority of India |
| CASA | Current and Savings Accounts |
| CBLO | Collateralized Bank Lending Obligations |
| CIBIL | Credit Information Bureau of India Limited |
| CRR | Cash Reserve Ratio |
| KYC | Know Your Customer Guidelines |
| SSI | Small Scale Industries |
| EMI | Equated Monthly Instalments |
| SLRS | Scheme for Liberation and Rehabilitation of Scavengers |
| SLR | Statutory Liquidity Ratio |
| IPO | Initial Public Offer |
| EPS | Earning per Share |
| EDI | Electronic Data Interchange |
| WPI | Wholesale Price Index |
| UTI | Unit Trust of India |
| SME | Small and Medium Industries |
| NEFT | National Electronic Fund Transfer |
| PIN | Personal Identification Number |
| PDO | Public Debt Office |
| ESOP | Employee Stock Options |
| SSSBE | Small Scale Service and Business Enterprises |
| SJSRY | Swarna Jayanthi Shahari Rozgar Yojana |
| SIDC | State Industrial Development Corporation |
| SIDBI | Small Industries Development Bank of India |
| SLR | Statutory Reserve Ratio |
| SMERA | SME Rating Agency of India Limited |
| BOE | Bill of Exchange |