Banking Terms And Abbreviations

Banking Terms And Abbreviations

Terms	Full Form	Definition
SIDC	State Industrial Development Corporation	Established to develop the large industries by the government of India.
SJSRY	Swarna Jayanti Shahari Rojgar Yojna	This yojana was established in 1997 for the people who are living below the line of poverty. And by this yojana, these people are provided with jobs and employment.
SLR	Statutory Liquidity Ratio	SLR is defined as the ratio between the total liquid assets to the sum of total Demand with total liability. Mainly at the time of Inflation, SLR is used. SLR Rate = (liquid assets/demand + time liability)*100%
SMG	Standing Monitoring Group	This is the group of people who has the access to the standards that are all under development.
SNA	System National Accounts	It helps in controlling the activities related to the economy of a country as it is all related to digits and figures.
SRWTO	Small Road & Water Transport Operators	This is a socio – economic activity to provide the people with the credit facilities for water transport & road transport.
SSI	Small Scale Industries	The investment in this type of industries usually does not exceed the amount of Rs.1 Cr.
STRIPS	Separate Trading of Registered Interest and Principal of Securities	It is a type of financial institute which is created to provide a separate security to secure the treasury.
T-Bill	Treasury bills	Treasury bill is one of the two ways to fix the receipt and expenditure in business. Treasury bill is for the short term usually for 1 year and for the long-term bond is used.
TARC	Tax Administration Reform Commission	A committee appointed by the government of India with a motive to review the public tax administration system.
TC	Temporary Change
TT	Telegraphic Transfer	TT is the term referring to the transfer of funds electronically from one end to another.
TAPI	Turkmenistan, Afghanistan, Pakistan, India pipeline	It is also Known as a trans-Afghanistan pipeline. TAPI is a natural gas pipeline which is developed by Asian development bank.
TFTS	Trade for Trade Segments	If a person buys some share in this type of segments then he immediately has to pay the whole amount and then he has to show the bought particular share in his Demat a/c when he wishes to sell that particular share.
TIEA	Tax Information Exchange Agreements	This agreement facilitates the information exchange regarding tax investigation and criminal.
UCB	Urban Cooperative Bank	This is the cooperative banks established in Urban Area.
UCN	Uniform Code Number	RBI provides a thirteen digit code in two parts to all the banks registered with RBI and to the Regional Branches of the respective banks. One part of the code consists of six digit code and the other part consist the other seven-digit of the code.
UNDP	United Nations Development Programme	UNDP was launched in 1965 with an objective to give resources, knowledge and other services to the countries which are still developing. at the time of crisis, It provides the services for reduction of poverty, treatments for HIV / AIDS and much more.
UNIDO	United Nations Industrial Development Organization	UNIDO was established with an objective to increase and promote the industrialization of the countries which are developing. As it is known that in countries which are developing the industries are very less and short ranged, so this country has to import goods which decreases their currency value and to insure that this does not happen UNIDO plays its role.
UNME	Urban Non-Manual Workers
UTI	Unit trust of India	Basically, It is a financial institution of India that deals with mutual funds, It is also famous by the name “UTI mutual funds”. UTI has divided its stakes as. The largest public sectors like PNB, BOB, LIC, SBI, who holds 18.5% stake of UTI and Similarly, TRP group which hold 26% stake of UTI AMC (assets management company Ltd.)
VC	Venture Capital	A business has multiple options for taking financial help or loan like from banks or from other institutes. But if a new business is to be started by an entrepreneur then he can choose the Venture Capital option. As Venture Capital may also termed as a kind of loan, but the basic difference b/w venture capital and loan is that by repaying with interest the loans are paid back but on the other hand in venture capital private share are issued by the entrepreneur instead of money.
WPI	Wholesale Price Index	It is used to measure the ratio of inflation along with one more method. WPI PPI WPI – Wholesale Price Index used in India PPI – Producer Price Index which is used in the US. The objective of WPI is to control and measure the demand and supply and also analyze the macroeconomics and microeconomics conditions.
WTO	World Trade Organization	It is an intergovernmental organization. WTO came into existence in 1995 and replaced the (GPTI) general agreement on tariffs and trade to deals with international trade. On one of their meeting on 24 November 2016, the members of WTO discussed that why supporting the Developing countries is needed to continue trade in future.
YOY	Year on Year	In every business with the seasonal change, the Profit and Loss also varies. Therefore to compare the profit and loss changes with the same period of the year the term Year on Year is used.
YTM	Yield Maturity	A person who has a bond receives a particular annual return until maturity which is known as YTM. YTM can be calculated as: YTM = time period√face value /present value.
ZTC	Zonal Training Center	RBI has 4 training centers in 4 different cities to train its staff members only. These Training centers are called Zonal Training Centers.

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.