280+ Full Forms of Banks and Banking Related Terms

As we all know that, Bank is a financial organization which accepts deposits from the public and lends them for various investment purposes. Development of any country completely depends upon the banking system. In present time, banking sector is the backbone of all modern business.

Some important features of bank are money dealing, acceptance of deposit, grant of loan and advances, payment and withdrawal of deposits, transfer of funds, portfolio management, foreign Exchange dealing etc.

I think, most of the people know these basic things about Bank but some very important things perhaps they don’t know are full forms of banks and banking related terms. You can notice, I always like to share all type of useful and important full-forms or shortcuts ways with the readers of Howtouncle.

Few months ago, I have shared 132 Important full forms of computer related terms and today in this post I am going to share more than 280 useful Full Forms of Banks and Banking Related Terms. In this post, I am covering the Full Forms of Indian Banks only.

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Full Form of the Indian Banks:

SBI - State Bank of India.
PNB - Punjab National Bank.
UCO - United Commercial Bank.
IDBI - The Industrial Development Bank of India.
ICICI - Industrial Credit and Investment Corporation of India.
HDFC - Housing Development Finance Corporation.
HSBC - Hong Kong and Shanghai Banking Corporation.
DBS Bank Lt - The Development Bank of Singapore Limited.

You might also like to read: What to do if you have lost your SBI ATM Card? And How to get a new ATM card?

Full Forms for Banking Related Terms:

ADB: Asian Development Bank
ADR: American Depositary Receipt
AIDWA: All India Democratic Woman’s Association
AITUC: All India Trade Union Congress
AMFI: Association of Mutual Funds in India
APEC: Asia-Pacific Economic Cooperation
APL: Above Poverty Line
APM: Administered Pricing Mechanism
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
ATM: Automatic Teller Machine
BIFR: Board of Industrial and Financial Reconstruction
BCBS: Basel committee for Banking Supervision
BCSBI: Banking Codes and Standards Board of India
BIS: Bureau of Indian Standards
BOLT: BSE On-Line Trading (System)
BOT: Build, Operate and Transfer
BPL: Below Poverty Line
BPO: Business Process Outsourcing
BSE: Bombay Stock Exchange
CA: Chartered Accountant
CABE: Central Advisory Board of Education
CACP: Commission of Agriculture Cost and Price
C & AG: Comptroller & Auditor General
CAMELS: C - Capital adequacy, A - Asset quality, M - Management quality, E – Earnings, L – Liquidity, S - Sensitivity to Market Risk
CAPART: Council for People’s Action and Advancement of Rural Technology
CAR: Capital adequacy ratio
CARE: Credit Analysis & Research Ltd.
CBS: Core banking solution
CCI: Competition Commission of India
CCIL: Clearing Corporation of India limited
CDSL: Central Securities Depository Limited
CECA: Comprehensive Economic Cooperation Agreement
CEPA: Comprehensive Economic Partnership Agreement
CIBIL: Credit Information Bureau (India) Ltd
CII: Confederation of Indian Industry
CIS: Commonwealth of Independent States
CHOGM: Commonwealth Heads of Government Meeting
CITES: Convention on International Trade in Endangered Species
CITU: Centre Of Indian Trade Unions
CMP: Common Minimum Program
CPI (UNME): The Consumer Price Index for Urban Non-Manual Employees.
CPI (AL): Consumer Price Index for Agricultural Labors.
CPI (IW): Consumer Price Index for Industrial Workers
CPI (RL): Consumer Price Index for Rural Labourers
CRAR: Capital to Risk (Weighted) Assets Ratio
CRISIL: Credit Rating Information Services of India Limited
CRR: Cash Reserve Ratio
CSIR: Council of Scientific and Industrial Research
CST: Central Sales Tax
CTT: Commodities Transaction Tax
DA: Dearness Allowance; Daily Allowance
DMIC: Delhi-Mumbai Industrial Corridor
DPEP: District Primary Education Program
ECA: Essential Commodity Act
ECB: External Commercial Borrowings
ECS: Electronic clearing system
EDUSAT: Education Satellite
EEE: Exempt Exempt Exempt
EET: Exempt Exempt Taxation
EFA: Education for All
EFT: Electronic fund transfer
EEFC Accounts: Exchange Earners Foreign Currency Account
EGOM: Empowered Group of Ministers
EMI: Equated Monthly Installment
EMS: European Monetary System
ERNET: Educational and Research Network
ESA: European Space Agency
ESCAP: Economic and Social Commission for Asia and Pacify
ESMA: Essential Services Maintenance Act
ESOP: Employee Stock Option Program
EU: European Union
FAO: Food and Agriculture Organization
FCCB: Foreign Currency Convertible Bond
FCNR: Foreign Currency (Non-Resident) Accounts Scheme
EPF: Employees Provident Fund
EPFO: Employees Provident Fund Organization
FDI: Foreign Direct Investment
FEMA: Foreign Exchange Management Act
FERA: Foreign Exchange Regulations Act
FICCI: Federation of Indian Chambers Of Commerce and Industry
FII: Foreign Institutional Investors
FIPB: Foreign Investment Promotion Board (Of India)
FMCG: Fast Moving Consumer Goods
FPO: Follow on Public Offer
FRBM: Fiscal Responsibility And Budget Management
FSSA: Food Safety And Standards Authority (Of India)
FTA: Free Trade Area
GATT: General Agreement On Tariffs And Trade
GCC: Gulf Cooperation Council
GDP: Gross Domestic Product
GDR: Global Depositary Receipt
GEF: Global Environment Fund
GIC: General Insurance Corporation
GNP: Gross National Product
GST: Goods and Service Tax
HDFC: Housing Development Finance Corporation Limited
HDI: Human Development Index
HSBC: Hong Kong and Shanghai Banking Corporation Limited
HUDCO: Housing And Urban Development Corporation
IAAI: International Airport Authority Of India
IAAS: Indian Audit and Accounts Service
IADF: International Agricultural Development Fund
IAEA: International Atomic Energy Agency
IAEA: International Atomic Energy Agency
IASB: The International Accounting Standards Board
IBRD: International Bank for Reconstruction And Development
ICAI: Institute of Chartered Accountants of India
ICAR: Indian Council of Agricultural Research
ICCW: Indian Council for Child Welfare
ICDS: Integrated Child Development Service
ICMR: Indian Council of Medical Research
ICICI: Industrial Credit and Investment Corporation of India
ICOR: Incremental capital output ratio
ICRC: International Committee of Red Cross
IDA: International Development Association
ICRA: Investment information and Credit Rating Agency
IES: Indian Economic Service
IEX: Indian Energy Exchange
IFRS: International Financial Reporting Standard
IFSC: Indian financial system code
IFTU: International Federation of Trade Unions
IFWJ: Indian Federation of Working Journalists
IIP: The Index of Industrial Production
IIPA: Indian Institute of Public Administration
IISS: International Institute of Strategic Studies
ILO: International Labor Organization
IMF: International Monetary Fund
IMO: International Maritime Organization
IDR: Indian Depository Receipts
IDBI: Industrial Development Bank of India
IMF: International monetary fund
IMRB: Indian Market Research Bureau
INMARSAT: International Maritime Satellite Organization
INTERPOL: International Police Organization
INTUC: Indian National Trade Union Congress
IOC: International Olympic Committee
IPCC: Intergovernmental Panel on Climate Change
IPEC: International Program on Elimination Of Child Labor
IPO: Initial public offer
IPR: Intellectual Property Right
IRDA: Insurance Regulatory and Development Authority
IREP: Integrated Rural Energy Planning
ISO: International Standardization Organization
ISS: International Space Station
ITDC: Indian Tourism Development Corporation
ITO: International Trade Organization; Income-Tax Officer
ITU: International Tele-Communication Union
JNNURM: Jawaharlal Nehru National Urban Renewal Mission
KPO: Knowledge Process Outsourcing
KYC: Know your customer
LDC: Least Developed Countries
LIBOR: London Inter Bank Offer Rate
LIC: Life Insurance Corporation (Of India)
LLP: Limited Liability Partnership
MAT: Minimum Alternative Tax
MAIT: Manufacturers’ Association for Information Technology
MCAP: Market capitalization / Mid cap
MDG: Millennium development goals
MEP: Minimum Export Pric
MFA: Multi-Fiber Agreement
MFI: Micro finance institution
MFIN: Micro finance institution network
MFN: Most Favored Nation
MIBOR: Mumbai Interbank offer rate
MIN: Mutual fund identification no.
MNC: Multi-National Corporation
MRTPC: Monopolies and Restrictive Trade Practices Commission
MRTS: Mass Rapid Transit System
MSME: Micro Small and Medium Enterprises
MSP: Minimum support price
MTO: Multilateral Trade Organization
NABARD: National Bank for Agriculture and Rural Development.
NAEP: National Adult Education Program
NAFED: National Agricultural Cooperative Marketing Federation of India Ltd
NAFTA: North America Free Trade Agreement
NAM: Non-Aligned Movement
NAMA: Non-Agriculture Market Access
NASDAQ: National Association of Securities Dealers Automated Quotation
NATO: North Atlantic Treaty Organization
NAV: Net Asset Value
NBFC: Non Banking Finance Companies
NCAER: National Council Of Applied Economic Research
NCERT: National Council Of Education Research And Training
NCPCR: National Commission for Protection of Child Rights
NDC: National Development Council
NEFT: National Electronic Fund Transfer
NEGP: National E-Governance Plan
NEP: National Education Policy
NFO: New Fund Offers
NHAI: National Highways Authority of India
NHDP: National Highways Development Project
NHRC: National Human Rights Commission
NIFT: National Institute of Fashion Technology
NIO: National Institute of Oceanography
NLMA: National Literacy Mission Authority
NMDC: National Mineral Development Corporation
NNP: Net National Production
NPA: Non Performing Asset
NPR: National Population Register
MGNREGA: National Rural Employment Guarantee Act
NSE: National Stock Exchange
NSDL: National Securities Depository Limited
NSE: National Stock Exchange
NSSO: National Sample Survey Organization
NTPC: National Thermal Power Corporation
ODA: Official Development Assistance
OECD: Organization of Economic Co-Operation and Development
OGL: Open General License
OIC: Organization of Islamic Countries
OIL: Oil India Limited
OMCS: Oil Marketing Companies
ONGC: Oil And Natural Gas Commission
OPEC: Organization Of Petroleum Exporting Countries
OSCE: Organization For Security And Cooperation In Europe
PAC: Public Accounts Committee
PAN: Permanent Account Number (Of Income-Tax)
PATA: Pacific-Asia Travel Association
PCI: Per capita income
PDS: Public Distribution System
PIL: Public Interest Litigation
PIO: Persons Of Indian Origin
PN: Participatory Note
POP: Point Of Purchase
PPF: Public Provident Fund
PPP: Public private partnership / Purchasing power parity
PTA: Preferential Trade Area
PURA: Providing urban amenities in rural areas
QIB: Qualified Institutional Buyer
QIP: Qualified Institutional Placement
QR: Quantitative Restriction
RBI: Reserve Bank Of India
RIDF: Rural infrastructure development fund
RRB: Regional Rural Bank
RRPI: Rural Retail Price Index
RTGS: Real Time Gross Settlement System
SAARC: South Asian Association for Regional Co-Operation
SAFTA: South Asian Free Trade Area
SAIL: Steel Authority of India Limited
SAPTA: SAARC Preferential Trading Agreement
SARFAESI ACT: The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
SCO: Shanghai Cooperation Organization
SCOPE: Standing Conference On Public Enterprises
SDR: Special Drawing Rights
SEBI: Securities And Exchange Board Of India
SEZ: Special Economic Zone
SIDBI: Small Industries Development Bank of India
SEWA: Self employed woman’s association
SLR: Statutory Liquidity Ratio
STT: Securities Transaction Tax
SWIFT: Society for Worldwide Financial Telecommunications,
TDS: Tax Deduction at Source
TIFR: Tata Institute Of Fundamental Research
TIN: Tax Information Network
TINXSYS: Tax Information Exchange System
TISCO: Tata Iron and Steel Company
TPDS: Targeted Public Distribution System
TRAI: Telecom Regulatory Authority Of India
TRIMS: Trade Related Investment Measures
TRIPS: Trade Related Intellectual Property Rights
TRYSEM: Training Of Rural Youth For Self Employment
UN: United Nations
UNCTAD: United Nations Conference On Trade And Development
UNDP: United Nations Development Program
UNEF: United Nations Emergency Force
UNEP: United Nations Environment Program
UNESCO: United Nations Educational, Scientific And Cultural Organization
UNFCCC: United nation framework convention on climate change
UNFPO: United Nations Fund For Population Activities
UNHCR: United Nations High Commissioner For Refugees
UNHRC: United Nations Human Rights Commission
UNICEF: United Nations International Children’s (Emergency) Fund
UNIDO: United Nations Industrial Development Organization
UNRRA: United Nations Relief And Rehabilitation Administration
VAT: Value-Added Tax
VDIS: Voluntary Disclosure Of Income Scheme
VRS: Voluntary Retirement Scheme
WEF: World Economic Forum
WFP: World Food Program
WHO: World Health Organization
WIPO: World Intellectual Property Organization

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280+ Full Forms of Banks and Banking Related Terms

Full Form of the Indian Banks:

Full Forms for Banking Related Terms:

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