Important Banking Abbreviations: Part-01

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🔸ACF- Auto Correlation Function.

🔸ACS -Automated Clearing Systm.

🔸ADB -Asian Development Bank.

🔸ADF -Automated Data Flow

🔸ADR -American Depository Receipt.

🔸AFA -Additional Factor Authentication

🔸AFS -Annual Financial Statement.

🔸AGM -Annual General Meeting.

🔸AIC -Agricultural Insurance Company.

🔸AMFL -Association of Mutual Funds in India.

🔸AML -Anti-Money Laundering

🔸AMRMS -Audit and Risk Monitoring Mechanism

🔸ANBC-Adjusted Net Bank Credit

🔸APBS- Aadhaar Payment Bridge System

🔸ARC -Asset Reconstruction Companies 

🔸ASBA -Applications Supported Bank Accounts

🔸ASSOCHAM- Associated Chambers of Commerce and Industry of India.

🔸ATM -Automated Teller Machine.

🔸BCBS- Basel Committee on Banking Supervision 

🔸BCSBI -Banking Codes and Standards Board of India

🔸BHIM -Bharat Interface for Money

🔸BIN- Bank Identification Number

🔸BIP -Buyer Initiated Payments

🔸BIS -Bank for International Settlements.

🔸BOE -Bill of Exchange

🔸BOP Balance of Payments.

🔸BOR -Bank of Rajasthan.

🔸BOT -Build,Operate and Transfer.

🔸BR Act- Banking Regulations Act, 1949.

🔸BSCS -Basel Committee on Banking Supervision.
The
🔸BSE- Bombay Stock Exchange.

🔸BSR- Basic Statistical Returns.

🔸CA -Chartered Accountant.

CAD -Current Account Deficit

🔸CAG- Controller and Auditor General.

🔸CAR -Capital Adequacy Ratio

🔸CARE -Credit Analysis and Research Limited

🔸CASA -Current and Savings Accounts

🔸CBLO- Collateralized Bank Lending Obligations

🔸CBS- Core Banking Solution.

🔸CCIL- Clearing Corporation of India Limited