***********BANKING CORNER*****
ABBREVIATIONS RELATED TO BANKING AND
FINANCE ❀
ADB: Asian Development Bank
ADTV: Average Daily Trading Volumes
ACR: Actual Cost Report
AOC: Annual Operating Cost
BIFR: Board for Industrial and Financial
Reconstruction
BOT: Balance of Trade
BOP: Balance of Payments
BSE: Bombay Stock Exchange
CAC: Capital Account Convertibility
CACP: Commission for Agricultural Cost Prices
(Fixes MSP)
CCEA: Cabinet Committee on Economic Affairs
OPCD: Organization Economic Co-Operative
Development
CPI: Consumer Price Index
CRISIL: Credit Rating Information Services Of India
Ltd
CRM: Customer Relationship Management
EA: Economic Analysis
EBT: Earnings before Tax
ECI: Employment Cost Index
ELSS: Equity linked savings scheme
EPS: Earning Per Square
ESOP: Employee Stock Option Plans
EPZ: Export Processing Zone
IIP: Index of Industrial Production
FSDC: Financial Stability Development Counsil
FATF: Financial Action Test Force
FSB: Financed Stability Board
FDI: Foreign Direct Investments
FII: Foreign Institutional Investers
FEMA: Foreign Exchange Management Act
FIPB: Foreign Investment Promotion Board
FPI: Fixed Price Incentive
FPO: Follow on Public Offer
FTA: Free Trade Agreement
FCCB: Foreign Currency Convertable Bonds
FRBM Act: Fiscal Responsibility And Budget
Management Act
GDP: Gross Domestic Product
GDR: Global Depository Receipt
GNP: Gross National Product
GST: Goods and Service Tax
IBRD: International Bank for Reconstruction and
Development
ICRA: Indian Credit Rating Agency
IPO: Initial Public Offer
IPR: Intellectual Property Rights
IRDA: Insurance Regulatory Development Authority
JSC: Joint Stock Company
LLP: Limited Liability Partnership
HDI: Human Development Index
MAT: Minimum Alternative Tax
MFI: Micro Finance Institution
MFN: Most favoured Nation
MNC: Multinational Company
MSP: Minimum Support Price
MOU: Memorandum Of Understanding
NAV: Net Asset Value
NCD: Non Convertable Debuntures
NGO: Non-Government Organisation
NRC: Non Recurring Cost
NRI: Non-Resident Indian
NSE: National Stock Exchange
NSSO: National Sample Survey Organization
PPP: Purchasing Power Parity & Public Private
Partnership
PSU: Public Sector Undertakings
QIB: Qualified Institutional Borrower
SEBI: Securities and Exchange Board of India
RIDF: Rural InfrastructuralDevelopment Fund
ROCE: Return On Capitol Employed
SARFAESI: Secularization and Reconstruction of
Financial Assets and Enforcement of Security
Interest
SDR: Special Drawing Right
SDR: Special Drawing Right
SEBI: Securities and Exchange Board of India
SFC: State Financial corporation
VAT: Value Added Tax
WPI: Wholesale Price Index
PPI: Producer Price Index
SEZ: Special Economic Zone
SHG: Self-Help Group
SME: Small and Medium Enterprises
SDDS: Special Data Dissemination Standards