Banking Abbreviations for IBPS PO and Clerk Exams

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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