IT CALULATION 2023-24(AY)

Important abberviations
for banking,,,,
1. NABARD - National
Bank for
Agricultural & Rural
Development
2. RTGS - Real Time
Gross Settlement
3. NEFT - National
Electronic Fund
Transfer
4. NAV - Net Asset Value
5. NPA - Non Performing
Asset
6. ASBA - Account
Supported by Blocked
Amount
7. BIFR - Board for
Industrial and
Financial Reconstruction
8. CAMELS - Capital
Adequacy, Asset
Quality, Management
Earnings, Liquidity,
Systems & Controls
9. BCSBI - Banking Codes
& Standard Board of
India
10. BIS – Bank for
International
Settlement
11. BCBS – Basel
Committee on Banking
Supervision
12. BOP - Balance of
Payment
13. BOT - Balance of
Trade
14. BPLR – Benchmark
Prime Lending Rate
15. CCIL – Clearing
Corporation of India Ltd.
16. CIBIL - Credit
Information Bureau of
India Ltd.
17. CRISIL - Credit Rating
Information
Services of India Ltd.
18. CBLO - Collateralised
Borrowing &
Lending Obligation
19. CPI - Consumer Price
Index
20. ADR – American
Depository Receipts
21. GDR – Global
Depository Receipts
22. ALM - Asset Liability
Management
23. ARC – Asset
Reconstruction
Companies
24. FINO - Financial
Inclusion Network
Operation
25. CTT - Commodities
Transaction Tax
26. CRM - Customer
Relationship
Management
27. KYC - Know Your
Customer
28. SLR - Statutory
Liquidity Ratio
29. CRR - Cash Reserve
Ratio
30. MSF - Marginal
Standing Facility
31. REPO - Repurchase
Option
32. NBFC - Non Banking
Finance
Companies
33. OSMOS - Off-Site
Monitoring &
Surveillance
34. IFSC - Indian Financial
System Code
35. BSE - Bombay Stock
Exchange
36. NSE - National Stock
Exchange
37. SWIFT - Society for
Worldwide
Interbank Financial Tele
communication
38. FSLRC – Financial
Sector Legislative
Reforms Commission
39. LAF – Liquidity
Adjustment Facility
40. DRT – Debt Recovery
Tribunal