Sunday, December 13, 2015

Important Abbreviation Part-2 For IBPS Clerk Main Exam 2015-16

LAB ----------------------- Local Area Bank
LC ----------------------- Letter of Credit
LOC ----------------------- Letter Of Comfort
Dont confuse between LC and LOC
M-Banking ----------------------- MObile Banking
NABARD ----------------------- National Bank for Agriculture and Rural Development
NBFC ----------------------- Non-Banking Finance Company
NDS ----------------------- Negotiated Dealings System

NDTL ----------------------- Net Demand and Time Liabilities
NEFT ----------------------- National Electronic Fund Transfer
NHB ----------------------- National Housing Bank
NI Act ----------------------- Negotiable Instrument Act
NPA ----------------------- Non-Performing Assets
NRE a/c ----------------------- Non-Resident External Account
NRI ----------------------- Non-Resident Indian
NWC ----------------------- Networking Capital
OBU ----------------------- Off-Shore Banking Units
PAN ----------------------- Permanent Account Number
PLR ----------------------- Prime Lending Rate
PMEGP ----------------------- Prime Minister's Employment Generation Programme
PMRY ----------------------- Prime Minister's Rozgar Yojana
PSA ----------------------- Priority Sector Advances
QIB ----------------------- Qualified Institutional Buyers
REPO ----------------------- Re-Purchase Option
RIDF ----------------------- Rural Infrastructure Development Fund
RTGS ----------------------- Real Time Gross Settlement
RTI Act ----------------------- Right To Information Act
SARFAESI Act ----------------------- Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest
SCB ----------------------- Scheduled Commercial Banks
SEBI ----------------------- Securities and Exchange Board of India
SGL ----------------------- Subsidary General Ledger
SHG ----------------------- Self Help Groups
SIDBI ----------------------- Small Industries Development Bank of India
SLR ----------------------- Statutory Liquidity Ratio
SME ----------------------- Small and Medium Enterprises
SWIFT ----------------------- Society for World wide Inter Bank Fund Transfer
TDS ----------------------- Tax Deducted at Source
UCPDC - 600 ----------------------- Uniform Customers and Practices on Documentary Credits
YTM ----------------------- Yield To Maturity