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Abbreviations’

An Abbreviation is a shortened form of a word or phrase. People used to abbreviate sentences or words or phrases when they find it very long to speak or to remember.

There are many such abbreviated forms which we have heard or used somewhere but don’t know about their correct expanded versions.

Indian Financial Institutions Abbreviations and Expansions

S.No.	Abbreviations	Expansions
1.	UTI	Unit Trust of India
2.	STCI	Securities Trading Corporation of India Ltd.
3.	IDBI	Industrial Development Bank of India
4.	IRBI	Industrial Reconstruction Bank of India
5.	EXIM Bank	Export – Import Bank of India
6.	SIDBI	Small Industries Development Bank of India
7.	NABARD	National Bank for Agriculture and Rural Development
8.	LIC	Life Insurance Corporation of India
9.	SCICI	Shipping Credit and Investment Company of India Ltd.
10.	HUDCO	Housing and Urban Development Corporation Ltd.
11.	NHB	National Housing Bank
12.	IFCI	Industrial Development Bank of India
13.	GIC	General Insurance Corporation of India
14.	RCTC	Risk Capital and Technology Finance Corporation Ltd
15.	TDICI	Technology Development and Information Company of India Ltd.
16.	TFCI	Tourism Finance Corporation of India Ltd.
17.	DFHI	Discount and Finance House of India Ltd.
18.	IREDA	Indian Renewable Energy Development Agency Ltd.
19.	PFC	Power Finance Corporation Ltd.
20.	REC	Rural Electrification Corporation Ltd.
21.	IRFC	Indian Railways Finance Corporation Ltd.
22.	IDFC	Infrastructure Development Finance Co. Ltd.

Government Policies & Initiatives 2016

S.No.	Abbreviations	Expansions
1.	NITI	National Institution for Transforming India
2.	PRAGATI	Pro-Active Governance and Timely Implementation
3.	PahaL	Pratyaksha Hastaantarit Laabh
4.	HRIDAY	Heritage Development and Augmentation Yojana
5.	EEU	Eurasian Economic Union
6.	NSM	National Supercomputing Mission
7.	AMRUT	Atal Mission for Rejuvenation and Urban Transformation
8.	MRT	Mitochondrial Replacement Therapy
9.	BOSS	Bharat Operating System Solutions
10.	NMET	National Mineral Exploration Trust
11.	UPI	Unified Payment Interface
12.	TLCs	Tech Learning Centres
13.	JAM	Jan Dhan, Aadhar and Mobile
14.	PSF	Price Stabilization Fund
15.	POTUS	President of the United States
16.	Ind AS	Indian Accounting Standards
17.	AVAM	AAP Volunteer Action Manch
18.	NERPAP	National Electoral Roll Purification and Authentication Program
19.	IRNSS	Indian Regional Navigation Satellite System
20.	DAY	Deen Dayal Upadhyay Antyodaya Yojana
21.	MHFA	Mission Housing for All Urban
22.	DI	Digital India
23.	MII	Make in India
24.	SIMo	Skill India Mission Operation
25.	MUDRA	MUDRA Bank Youjana
26.	DDUGJY	Deen Dayal Upadhyay Gram Jyoti Yojana
27.	PMKSY	Pradhan Mantri Krishi Sinchai Yojana
28.	SHC	Soil Health Card Scheme
29.	BBBP	Beti Bachao, Beti Padhao
30.	DBTSK	Direct Benefit Transfer Scheme for Kerosene
31.	SBM	Swacch Bharat Mission
32.	PMSBY	Pradhan Mantri Suraksha Bima Yojana
33.	PMJJBY	Pradhan Mantri Jeevan Jyoti Bima Yojana
34.	APY	Atal Pension Yojana
35.	SCM	Smart Cities Mission
36.	NMCG	National Mission for Clean Ganga
37.	PMFBY	Pradhan Mantri Fasal Bima Yojana
38.	SPMRM	Shyama Prasad Mukherji Rurban Mission
39.	PMUY	Pradhan Mantri Ujjawala Yojana

Economic Abbreviations

S.No.	Abbreviations	Expansions
1.	ACTA	Anti-counterpart Trade Agreement
2.	ACS	Automated Clearing System
3.	ADR	American Depository Receiots
4.	APEC	Asian Pacific Economic Cooperation
5.	ARCIL	Asset Reconstruction Company Of India Ltd
6.	ASBA	Application Supported By Blocked Amount
7.	ATM	Automated Teller Machine
8.	ASHA	Accredited Social Health Activist
9.	BIFR	Board For Industrial And Financial Reconstruction
10.	CAPART	Council For Advancement Of People Action And Rural Technology
11.	CCEA	Cabinet Committee On Economic Affairs
12.	CCI	Competition Commission Of India
13.	CCIL	Clearing Corporation Of India Ltd
14.	CDMA	Code Division Multiple Access
15.	CRR	Cash Reserve Ratio
16.	CDS	Credit Default Swap
17.	CPI	Consumer Price Index
18.	CRAR	Capital To Risk Weighted Asset Ratio
19.	CRMD	Credit Risk Management Department
20.	DDT	Dividend Distribution Tax
21.	DFTP	Duty Free Tariff Preference Scheme
22.	DSE	Direct Selling Agent
23.	DTAA	Double Taxation Avoidance Agreement
24.	ECB	External Commercial Borrowings
25.	ECS	Electronic Clearing System
26.	ELSS	Equity Linked Saving Scheme
27.	EEFC	Exchange Earner Foreign Currency Account
28.	ERP	Enterprise Resource Planning
29.	EXIM	Export–Import Bank Of India
30.	FAO	Food And Agricultural Organization
31.	FCRA	Forward Contracts Regulation Act
32.	FCNR	Foreign Currency Non Resident Accounts
33.	FDI	Foreign Direct Investment
34.	FEMA	Foreign Exchange Management Act
35.	FERA	Foreign Exchange Regulation Act
36.	FII	Foreign Institutional Investors
37.	FEDAI	Foreign Exchange Dealers’ Association Of India
38.	FRBM	Fiscal Responsibility And Management Act
39.	FCCB	Foreign Currency Convertible Bonds
40.	FIPB	Foreign Investment Promotion Board
41.	FSDC	Financial Stability Development Council
42.	FLCC	Financial Literacy And Credit Counselling
43.	FIMMDA	Fixed Income Money Market & Derivatives Association
44.	FPO	Follow On Public Offer
45.	GCC	Gulf Cooperation Council
46.	HNI	High Net worth Individual
47.	HUF	Hindu Undivided Family
48.	IBPS	Inter Bank Mobile Payment Service
49.	IDR	Indian Depository Receipts
50.	IMF	International Monetary Fund
51.	IBRD	International Bank For Reconstruction And Development(World Bank)
52.	ICICI	Industrial Credit Investment Corporation Of India
53.	IDBI	Industrial Development Bank Of India
54.	IIP	Index Of Industrial Production
55.	IRR	Internal Rate Of Return
56.	KYC	Know Your Customer
57.	LAF	Liquid Adjustment Facility
58.	LLP	Limited Liability Partnership
59.	LIBOR	London Inter Bank Offered Rate
60.	LFAR	Long Form Audit Report
61.	LTCM	Long Term Capital Management
62.	MSF	Marginal Standard Facility
63.	MMMF	Money Market Mutual Funds
64.	MSS	Market Stabilization Scheme
65.	MICR	Magnetic Ink Character Recognition Cheque
66.	MRGF	Mortgage Risk Guarantee Fund
67.	M & A	Merger & Acquisition
68.	NFC	Non-Banking Finance Companies
69.	NEFT	Net Electronic Fund Transfer
70.	NDTL	Net Demand Time Liabilities
71.	NPA	Non-Performing Asset
72.	NABARD	National Bank For Agricultural And Rural Development
73.	NDMA	National Disaster Management Authority
74.	OECD	Organization For Economic Cooperation And Development
75.	OFCD	Optionally Fully Convertible Debenture
76.	OMO	Open Market Operation
77.	OPEC	Organization For Petroleum Exporting Countries
78.	PIN	Personal Identification Number
79.	POS	Point Of Scale
80.	PSLC	Priority Sector Lending Certificates
81.	PSA	Priority Sector Advances
82.	PLR	Prime Lending Rate
83.	PPP	Purchasing Power Parity
84.	PPP	Public Private Partnership
85.	QIB	Qualified Institutional Buyers
86.	RBI	Reserve Bank Of India
87.	RTGS	Real Time Gross Settlement
88.	SAARC	South Asian Association Regional Cooperation
89.	SLR	Statutory Liquidity Ratio
90.	SARFAESI	Securitization And Reconstruction Of Financial Assets And Enforcement Of Security Interest
91.	STRIPS	Separate Trading Registered Interest And Principal Securities
92.	SEPA	Single Euro Payment Area
93.	SEBI	Security Exchange Board Of India
94.	SCC	Selective Credit Control
95.	SIDBI	Small Industrial Development Bank Of India
96.	SME	Small Micro Enterprises
97.	SEZ	Special Economic Zones
98.	SIP	Systematic Investment Plan
99.	SPNS	Shared Payment Network System
100.	STCI	Securities Trading Corporation Of India
101.	SWOT	Strength Weakness Opportunities Threats
102.	SWIFT	Society For World Wide Inter Bank Financial Telecommunication
103.	SDR	Special Drawing Rights
104.	ULIP	Unit Linked Insurance Plan
105.	USP	Unique Selling Proposition
106.	WPI	Wholesale Price Index