Abbreviations!! I Think this takes little time for you to know the abbreviations. Why to loose marks when you can get 2 bits or 2 marks for each paper. So spend some time to know the abbreviation that may help you definitely. This topic is very common in banking and other competitive exams; at least 2 questions will be asked under this topic. The questions will be asked in any of the sections that is on banking or marketing or computers. Here, we are giving a set of abbreviations most commonly used and asked in the banking sector.  So guys, concentrate and study hard to the full extent, so that you won’t feel bad after completion of your exam for losing a bit. And we assure you that there will be more than one question in the exams.

AFSPA- Armed Forces Special Powers Act

ADB – Asian Development Bank

ADR -American Depositary Receipt

AGM – Annual General Meeting

AIDWA  – All India Democratic Woman’s Association

AITUC  – All India Trade Union Congress

AMFI- Association of Mutual Funds in India

AO  – Additive Outliers

APEC – Asia-Pacific Economic Cooperation

APL  – Above Poverty Line

APM  – Administered Pricing Mechanism

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ARC  – Asset Reconstruction Company

ARDR  – Agricultural and Rural Debt Relief

ASBA  – Application Supported by Block Amount

ASEAN  – Association of South-East Asian Nations

ASEM  – Asia-Europe Meeting

ASSOCHAM- Associated Chambers of Commerce and Industry of India

ATM – Asynchronous Transfer Mode

ATM  – Automated teller machine

BCSBI- Banking Codes and Standards Board of India

CASA- Current and Savings Accounts

CAR- Capital Adequacy Ratio

CCIL- Clearing Corporation of India Limited

CARE- Credit Analysis and Research Limited

CRISIL- Credit Rating Information Services Of India

CDRS- Corporate Debt Restructuring

CBLO- Collateralized Bank Lending Obligations

CIBIL- Credit Information Bureau of India Limited

CRR- Cash Reserve Ratio

FCNR- Foreign Currency Non Resident Deposit Accounts

IPO- Initial Public Offer

IEPF- Investors Education and Protection Fund

IRDA- Insurance Regulatory and Development Authority

ISCI- International Standard Industrial Classification

IDRBT- Institute for Development and Research Of Banking Technology

KYC- Know Your Customer Guidelines

KCC- Kisan Credit Card

LIC- Life Insurance Corporation of India

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MICR- Magnetic Ink Character Recognition

MCA- Ministry Of Company Affairs

MIS- Management Information System

NBFC- Non Banking Finance Companies

NEFT- National Electronic Fund Transfer

NPA- Non Performing Assets

NSE- National Stock Exchange

OTCEI- Over the Counter Exchange Of India

QIB- Qualified Institutional Buyers

RTGS- Real Time Gross Settlement

SLR- Statutory Reserve Ratio

SEBI- Securities and Exchange Board of India

SMERA- SME Rating Agency of India Limited

SEBI- Securities and Exchange Board of India

SFMS- Structured Financial Messaging Services

SHG- Self Help Group

YTM- Yield To Maturity

YWCA – Young Women’s Christian Association

Z.A.P.U-Zimbabwe Africa Peoples Union

Z.P.Z-Zero Population Growth

Z.S-Zoological Society

ZIP Zone Improvement Plan

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