Banking Abbreviations for IBPS PO and Clerk Exams
Institute of Banking Personnel Selection (IBPS) is a recruitment body. It was formed to recruit eligible candidates for public sector banks in India. IBPS conducts 5 exams every year, 2 exams for probationary officers (P.O.), 2 for clerks and one for specialist officers. IBPS governing body includes the Reserve Bank of India, Ministry of Finance Government of India, Indian Institute of Technology Mumbai, Indian Institute of Banking and Finance, National Institute of Bank Management, Indian Banks’ Association and the public sector banks.
BUSINESS & FINANCE RELATED ABBREVIATION |
|
| B2B | BUSINESS TO BUSINESS |
| B2C | BUSINESS TO CONSUMER |
| CAGR | COMPOUND ANNUAL GROWTH RATE |
| CFCT | CASH FLOW CYCLE TIME |
| CIMA | CHARTERED INSTITUTE OF MANAGEMENT ACCOUNTANTS |
| CEO | CHIEF EXECUTIVE OFFICER |
| COO | CHIEF OPERATING OFFICER |
| CMO | CHIEF MARKETING OFFICER |
| CRM | CUSTOMER RELATIONSHIP MANAGEMENT |
| CTO | CHIEF TECHNOLOGY OFFICER |
| ETA | ESTIMATED TIME OF ARRIVAL |
| ETD | ESTIMATED TIME OF DELIVERY |
| FOB | FREIGHT ON BOARD |
| FIFO | FIRST IN FIRST OUT |
| FPO | FOLLOW on PUBLIC OFFER |
| FOC | FREE OF COST |
| GDP | GROSS DOMESTIC PRODUCT |
“CEO Stands for CHIEF EXECUTIVE OFFICER”
| GRN | GOODS RECEIPT NOTE |
| HRD | HUMAN RESOURCE DEVELOPMENT |
| IAS | INTERNATIONAL ACCOUNTING STANDARDS |
| ICRM | INDUSTRY CUSTOMER RELATIONSHIP MANAGEMENT |
| IMF | INTERNATIONAL MONETARY FUND |
| IPO | INITIAL PUBLIC OFFERING |
| JIT | JUST IN TIME |
| KPI | KEY PERFORMANCE INDICATORS |
| KYC | KNOW YOUR CUSTOMER |
| LC | LETTER OF CREDIT |
| LIBOR | LONDON INTERBANK OFFERED RATE |
| LIFO | LAST IN FIRST OUT |
| NAV | NET ASSET VALUE |
| NOI | NET OPERATING INCOME |
| NOPAT | NET OPERATING PROFIT AFTER TAX |
| NPV | NET PRESENT VALUE |
| OC | OPPORTUNITY COST |
“NAV Stands for NET ASSET VALUE”
| OCF | OPERATING CASH FLOW |
| OTC | OVER THE COUNTER |
| P/E | PRICE TO EARNING RATIO |
| PBT | PROFIT BEFORE TAX |
| PAT | PROFIT AFTER TAX |
| QC | QUALITY CONTROL |
| ROI | RETURN ON INVESTMENT |
| RONA | RETURN ON NET ASSETS |
| R&D | RESEARCH AND DEVELOPMENT |
| SEBI | SECURITIES and EXCHANGE BOARD OF INDIA |
| SME | SMALL and MEDIUM ENTERPRISES |
| USP | UNIQUE SELLING POINT |
| VAT | VALUE ADDED TAX |
| WVN | WITHDRAW VOUCHER NOTE |
| YTD | YEAR TO DATE |
“SEBI Stands for SECURITIES and EXCHANGE BOARD OF INDIA”
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