What is ‘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.
So here team SYFT is providing a detailed list of those popular/important abbreviations which are generally asked in the competitive exams like SSC, IBPS PO, RBI, NEET, RRB & various Govt. Jobs etc.
Students who are preparing for any kind of competitive exams like banking, SSC, any Entrance Exams and so on, will be benefited with this.
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 Finance Corporation 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
| 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 |
Best of Luck
Team SYFT
