Banking Terms And Abbreviations

Terms	Full form	Definition
PRB	Primary Revenue Balance	This balance comes from interest payment and revenue deficit.PRB = Revenue Deficit – Interest Payment
PSE	Public Sector Enterprises	The enterprises owned, managed, controlled by State and Central government is known to be Public Sector Enterprises.
PUC	Paid Up capital	It is the amount of money generated by a company by selling the shares of stock to the shareholders. It is termed as Paid–up capital only when the stocks are directly sold to the investor in the primary market.
PPP	Public Private Partnership	PPP is an agreement signed between Private & Public sectors. As it is a partnership, therefore, it covers a long-term risk and is shared by different sectors.
QFI	Qualified Foreign Investors	This allows foreign investors to invest in Indian Securities like Debt securities, equity share and so on.
RD	Revenue Deficit	Basically, it is called Revenue Deficit when the difference between receipt and expenditure is negative. RD= RE – RR
RDBMS	Rational Database Management System	A part of (DBMS) Database Management System. It is used to make data Normalize and reliable by using the Primary or Foreign key.
RTGS	Real Time Gross Settlement System	A type of fund transfer system used for electronically transferring the funds. When the amount is above 2 to 5 lakhs then RTGS is used.
RE	Revenue Expenditure	RE is a type of recurring expense for short period. To put it up in simple words, expenditures that help us in directly earning the revenue is called Revenue Expenditure
REC	Rural Electrification Corporation	Established in 1969 with an objective to financially provide assistance to electricity and to promote the electrification projects in rural areas. Rajiv Sharma is the present acting chairman.
REER	Real Effective Exchange Rate	To measure and relate actual financial strength of country’s currency with other country’s currencies this index is used. REER = ER (Price level in Country A / Price level in country B)
RIDF	Rural Infrastructure Development Fund	To correct the rural development this scheme was introduced under NABARD bank. Mostly this scheme is focused on, the work to improve the infrastructure of the rural areas like education, bridges, roads and so on.
ROC	Registrars of Companies	The government of India formed it in 1956 to manage or handles the registration of companies.
RR	Revenue Receipt	A receipt of the revenue generated by selling the assets.
RRB	Regional Rural Bank	Rural areas are provided the facilities by this bank. The facility includes the debit cards facilities and locker facilities to rural areas.
RTP	Reserve Tranche Position	RTP deals in foreign exchange reserve of a country. It is defined as the difference between member quota & IMFs.
RWA	Risk-Weighted Asset	The assets such as Loan, Cash, and other assets credit equivalent to the amount are weighted according to risk and are named as Risk weight, this weighting is done to check the shortage in bank’s asset.
SAS	Statistical Analysis System	In 1976 SAS institute developed this software to make the practice of analysis better
SCARAB	State Cooperative Agriculture & Rural Development Bank	Basically, to rise the sources of the state develop bank, this scheme was brought into existence.
SWIFT	Society for Worldwide Interbank Financial Telecommunication	Established in 1973 to provide types of services to financial Institutes. Through their software “SWIFT CODE” they provide a secure environment to make financial transactions.
SCB	Scheduled Commercial Bank	Nationalized, foreign and Private bank come under the scheduled bank And Scheduled bank under RBI. The bank which does not come under scheduled banks are named as a non-scheduled bank
SCOB	State Cooperative Bank	A part of scheduled banks in total, There are at present 39 Cooperative Bank. The state cooperative & urban cooper bank comes under cooperative banks.
SDDS	Special Data Dissemination Standards	An International Monetary Fund (IMF) with a team of 65 countries as a member. The basic role of SDDS is to guide the member countries.
SDR	Special Drawing Rights	In 1969 International Monetary Fund (IMF) created it. SDR is also called as Basket of National Currencies.  In which, four currencies are there; US dollar, euro, yen, pound and is altered at an interval of every five years.
SEBI	Securities and Exchange Board of India	The government of India established it in 1992 to deal with financial securities. In simple words, its task is to handle the market security.
SIFI	Systemically Important Financial Intermediaries	It is a financial institute which plays its role at the time of financial crisis and helps the country out.
SEBs	State Electricity Board	From the name itself, we can make out that it refers to the electricity boards which are divided state wise. Each and every state has one electricity board of its own whose duty is to keep a check on the electricity supply.
SGSY	Swarnajayanti Gram Swarojgar Yojana	In 1999 government of India brought this yojana into Existence. The main motive of this yojana was to provide the poor and needy people of the country an income to keep up their livelihood.
SHGs	Self Help Groups	Basically, these groups are with a motive to get and give monetary help to the members of the group. In this a few people gather up collects money as a fund and lend to the member of the group at the time of his need and then he has to return amount taken with an interest back to the fund. That’s how the fund of the group increases and also saves the members of the group during the financial crisis.
SIDBI	Small Industries Development Bank of India	The main objective of SIDBI is to develop and promote the small enterprises to grow. SIDBI was set in 1989 under the act of parliament.