

FULLFORMDEFINITION
This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your Banking knowledge and support exam preparation. Choose a topic below to get started.
2052. |
ICAC meaning in Banking ? |
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Answer» What is International Cotton Advisory Committee mean? The International Cotton Advisory Committee (ICAC) is an association of governments of cotton producing, consuming and trading countries which acts as the international commodity body for cotton and cotton textiles. reference
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2053. |
ICCOMS meaning in Banking ? |
Answer» INFO: Full form for ICCOMS is Integrated Computerised Currency Operations and Management System in Banking category |
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2054. |
IDMD meaning in Banking ? |
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Answer» INFO: Full form for IDMD is Internal Debt Management Department in Banking category
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2055. |
IDRBT meaning in Banking ? |
Answer» What is Institute for Development & Research in Banking Technology mean? The Institute for Development & Research in Banking Technology (IDRBT) is an engineering training institution exclusively focused on banking technology. Established by the Reserve Bank of India (RBI) in 1996, the institution works at the intersection of banking and technology. It is located in Hyderabad, India. reference |
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2056. |
IEM meaning in Banking ? |
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Answer» INFO: Full form for IEM is Industrial Entrepreneurs Memoranda in Banking category
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2057. |
IMFC meaning in Banking ? |
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Answer» What is International Monetary and Financial Committee mean? The International Monetary Fund (IMF) is an international financial institution, headquartered in Washington, D.C., consisting of 190 countries "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1944, started on 27 December 1945, at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international monetary system. It now plays a central role in the management of balance of payments difficulties and international financial crises. Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. As of 2016, the fund had XDR 477 billion (about US$667 billion). Through the fund and other activities such as the gathering of statistics and analysis, surveillance of its members' economies, and the demand for particular policies, the IMF works to improve the economies of its member countries. The organization's objectives stated in the Articles of Agreement are: to promote international monetary co-operation, international trade, high employment, exchange-rate stability, sustainable economic growth, and making resources available to member countries in financial difficulty. IMF funds come from two major sources: quotas and loans. Quotas, which are pooled funds of member nations, generate most IMF funds. The size of a member's quota depends on its economic and financial importance in the world. Nations with greater economic significance have larger quotas. The quotas are increased periodically as a means of boosting the IMF's resources in the form of special drawing rights. The current managing director (MD) and Chairwoman of the IMF is Bulgarian economist Kristalina Georgieva, who has held the post since October 1, 2019. Gita Gopinath was appointed as Chief Economist of IMF from 1 October 2018. Prior to her appointment at the IMF, Gopinath served as the economic adviser to the Chief Minister of Kerala, India. reference
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2058. |
IODP meaning in Banking ? |
Answer» INFO: Full form for IODP is Integrated Officers Development Programmes in Banking category |
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2059. |
IPAs meaning in Banking ? |
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Answer» INFO: Full form for IPAs is Issuing and Paying Agents in Banking category
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2060. |
IPOs meaning in Banking ? |
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Answer» What is Initial Public Offerings mean? An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as floating, or going public, a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by the number of shares sold to the public) and as a proportion of the total share capital (i.e., the number of shares sold to the public divided by the total shares outstanding). Although IPO offers many benefits, there are also significant costs involved, chiefly those associated with the process such as banking and legal fees, and the ongoing requirement to disclose important and sometimes sensitive information. Details of the proposed offering are disclosed to potential purchasers in the form of a lengthy document known as a prospectus. Most companies undertake an IPO with the assistance of an investment banking firm acting in the capacity of an underwriter. Underwriters provide several services, including help with correctly assessing the value of shares (share price) and establishing a public market for shares (initial sale). Alternative methods such as the Dutch auction have also been explored and applied for several IPOs. reference
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2061. |
IRFs meaning in Banking ? |
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Answer» INFO: Full form for IRFs is Interest Rate Futures in Banking category
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2062. |
IPDIs meaning in Banking ? |
Answer» INFO: Full form for IPDIs is Innovative Perpetual Debt Instruments in Banking category nan |
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2063. |
IP RR meaning in Banking ? |
Answer» INFO: Full form for IP RR is Interest Payment Revenue Receipt in Banking category nan |
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2064. |
IPCs meaning in Banking ? |
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Answer» INFO: Full form for IPCs is Irrevocable Payment Commitments in Banking category
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2065. |
ISACA meaning in Banking ? |
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Answer» INFO: Full form for ISACA is Information Systems Audit and Control Assessment in Banking category
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2066. |
IT BPO meaning in Banking ? |
Answer» INFO: Full form for IT BPO is Information Technology Business Process Outsourcing in Banking category nan |
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2067. |
JLG meaning in Banking ? |
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Answer» INFO: Full form for JLG is Joint Liability Group in Banking category
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2068. |
KVIBs meaning in Banking ? |
Answer» INFO: Full form for KVIBs is Khadi and Village Industries Boards in Banking category nan |
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2069. |
KCCs meaning in Banking ? |
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Answer» INFO: Full form for KCCs is Kisan Credit Cards in Banking category
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2070. |
LIBOR meaning in Banking ? |
Answer» INFO: Full form for LIBOR is London Inter-Bank Offer Rate in Banking category |
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2071. |
LIBOR meaning in Banking ? |
Answer» What is London Interbank Offered Rate mean? The London Inter-Bank Offered Rate is an interest-rate average calculated from estimates submitted by the leading banks in London. Each bank estimates what it would be charged were it to borrow from other banks. The resulting average rate is usually abbreviated to Libor () or LIBOR, or more officially to ICE LIBOR (for Intercontinental Exchange Libor). It was formerly known as BBA Libor (for British Bankers' Association Libor or the trademark bba libor) before the responsibility for the administration was transferred to Intercontinental Exchange. It is the primary benchmark, along with the Euribor, for short-term interest rates around the world. Libor will be phased out at the end of 2021, and market participants are being encouraged to transition to risk-free interest rates. Libor rates are calculated for five currencies and seven borrowing periods ranging from overnight to one year and are published each business day by Thomson Reuters. Many financial institutions, mortgage lenders, and credit card agencies set their own rates relative to it. At least $350 trillion in derivatives and other financial products are tied to Libor. In June 2012, multiple criminal settlements by Barclays Bank revealed significant fraud and collusion by member banks connected to the rate submissions, leading to the Libor scandal. The British Bankers' Association said on 25 September 2012 that it would transfer oversight of Libor to UK regulators, as proposed by Financial Services Authority managing director Martin Wheatley's independent review recommendations. Wheatley's review recommended that banks submitting rates to Libor must base them on actual inter-bank deposit market transactions and keep records of those transactions, that individual banks' Libor submissions be published after three months, and recommended criminal sanctions specifically for manipulation of benchmark interest rates. Financial institution customers may experience higher and more volatile borrowing and hedging costs after implementation of the recommended reforms. The UK government agreed to accept all of the Wheatley Review's recommendations and press for legislation implementing them. Significant reforms, in line with the Wheatley Review, came into effect in 2013 and a new administrator took over in early 2014. The British government regulates Libor through criminal and regulatory laws passed by Parliament. In particular, the Financial Services Act 2012 brings Libor under UK regulatory oversight and creates a criminal offence for knowingly or deliberately making false or misleading statements relating to benchmark-setting. reference |
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2072. |
KVIC meaning in Banking ? |
Answer» What is Khadi and Village Industries Commission mean? The Khadi and Village Industries Commission (KVIC) is a statutory body formed in April 1957 (During 2nd Five Year plan)(as per an RTI) by the Government of India, under the Act of Parliament, 'Khadi and Village Industries Commission Act of 1956'. It is an apex organisation under the Ministry of Micro, Small and Medium Enterprises, with regard to khadi and village industries within India, which seeks to - "plan, promote, facilitate, organise and assist in the establishment and development of khadi and village industries in the rural areas in coordination with other agencies engaged in rural development wherever necessary.". In April 1957, it took over the work of former All India Khadi and Village Industries Board. Its head office is in Mumbai, whereas its six zonal offices in Delhi, Bhopal, Bengaluru, Kolkata, Mumbai and Guwahati. Other than its zonal offices, it has offices in 28 states for the implementation of its various programmes reference |
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2073. |
FATF meaning in Banking ? |
Answer» What is Financial Action Task Force mean? The Financial Action Task Force (on Money Laundering) (FATF), also known by its French name, Groupe d'action financière (GAFI), is an intergovernmental organisation founded in 1989 on the initiative of the G7 to develop policies to combat money laundering. In 2001, its mandate was expanded to include terrorism financing. The objectives of FATF are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system. FATF is a "policy-making body" that works to generate the necessary political will to bring about national legislative and regulatory reforms in these areas. FATF monitors progress in implementing its Recommendations through "peer reviews" ("mutual evaluations") of member countries. Since 2000, FATF has maintained the FATF blacklist (formally called the "Call for action") and the FATF greylist (formally called the "Other monitored jurisdictions"). reference |
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2074. |
FCCB meaning in Banking ? |
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Answer» INFO: Full form for FCCB is Foreign Currency Convertible Bond in Banking category
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2075. |
FED meaning in Banking ? |
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Answer» INFO: Full form for FED is Foreign Exchange Department in Banking category
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2076. |
FCCB meaning in Banking ? |
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Answer» INFO: Full form for FCCB is Four Corners Community Bank in Banking category
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2077. |
FCNR(B) meaning in Banking ? |
Answer» INFO: Full form for FCNR(B) is Foreign Currency Non Resident (Banks) in Banking category nan |
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2078. |
FEDAI meaning in Banking ? |
Answer» INFO: Full form for FEDAI is Foreign Exchange Dealers Association of India in Banking category nan |
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2079. |
FIIs meaning in Banking ? |
Answer» INFO: Full form for FIIs is Foreign Institutional Investors in Banking category |
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2080. |
FIEO meaning in Banking ? |
Answer» INFO: Full form for FIEO is Federation of Indian Export Organisation in Banking category |
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2081. |
FLCCs meaning in Banking ? |
Answer» INFO: Full form for FLCCs is Financial Literacy and Credit Counseling Centres in Banking category nan |
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2082. |
FITL meaning in Banking ? |
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Answer» INFO: Full form for FITL is Funded Interest Term Loan in Banking category
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2083. |
FIU IND meaning in Banking ? |
Answer» INFO: Full form for FIU IND is Financial Intelligence Unit-India in Banking category nan |
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2084. |
FOF meaning in Banking ? |
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Answer» What is Flow of Funds mean? Flow of funds accounts are a system of interrelated balance sheets for a nation, calculated periodically. There are two types of balance sheets: those showing The aggregate assets and liabilities for financial and nonfinancial sectors, andWhat sectors issue and hold financial assets (instruments) of a given type.The sectors and instruments are listed below. These balance sheets measure levels of assets and liabilities. From each balance sheet a corresponding flows statement can be derived by subtracting the levels data for the preceding period from the data for the current period. (In the statistical analysis of time series, this operation is known as "first differencing.") The change in a level item between two adjacent periods is known as a "fund flow"; hence the name for these accounts. reference
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2085. |
FRBM meaning in Banking ? |
Answer» INFO: Full form for FRBM is Fiscal Responsibility and Budget Management in Banking category |
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2086. |
MFDEF meaning in Banking ? |
Answer» INFO: Full form for MFDEF is Micro Finance Development and Equity Fund in Banking category nan |
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2087. |
MASI meaning in Banking ? |
Answer» INFO: Full form for MASI is Management Audit Systems Inspection in Banking category |
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2088. |
FRBs meaning in Banking ? |
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Answer» INFO: Full form for FRBs is Floating Rate Bonds in Banking category
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2089. |
FRLs meaning in Banking ? |
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Answer» INFO: Full form for FRLs is Fiscal Responsibility Legislations in Banking category
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2090. |
DEPB meaning in Banking ? |
Answer» What is Duty Entitlement Pass Book mean? DEPB (Duty Entitlement Pass Book ) is an export incentive scheme of Indian Government provided to Exporters in India. Duty Entitlement Pass Book Scheme (DEPB) is an export incentive scheme. The objective of DEPB is to neutralise the incidence of Customs duty on the import content of the export product. The neutralisation shall be provided by way of grant of duty credit against the export product. Under the DEPB, an exporter may apply for credit, as a specified percentage of FOB value of exports made in freely convertible currency. Notified on 1/4/1997, the DEPB Scheme consisted of (a) Post-export DEPB and (b) Pre-export DEPB. The pre-export DEPB scheme was abolished w.e.f. 1/4/2000. Under the post-export DEPB, which is issued after exports, the exporter is given a duty entitlement Pass Book Scheme at a pre-determined credit on the FOB value. The DEPB rates allows import of any items except the items which are otherwise restricted for imports. Items such as Gold Nibs, Gold Pen, Gold watches etc. though covered under the generic description of writing instruments, components of writing instruments and watches are thus not eligible for benefit under the DEPB scheme. The DEPB Rates are applied on the basis of FOB value or value cap whichever is lower. For example, if the FOB value is Rs.700/- per piece, and the value cap is Rs.500/- per piece, the DEPB rate shall be applied on Rs.500/-. The DEPB rate and the value cap shall be applicable as existing on the date of exports as defined in paragraph 15.15 of Handbook (Vol.1). DEPB Scheme is issued only on post-export basis and pre/export DEPB Scheme has been discontinued. The provisions of DEPB Scheme are mentioned in Para 4.3 and 4.3.1 to 4.3.5 of the Foreign Trade Policy or Exim Policy. One significant change in the new DEPB Scheme is that in terms of Para 4.3.5 of the Exim Policy even excise duty paid in cash on inputs used in the manufacture of export product shall be eligible for brand rate of duty drawback as per rules framed by Department of Revenue which was not mentioned in the earlier DEPB Scheme. reference |
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2091. |
DGBA meaning in Banking ? |
Answer» INFO: Full form for DGBA is Department of Government and Bank Accounts in Banking category nan |
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2092. |
DICGC meaning in Banking ? |
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Answer» What is Deposit Insurance and Credit Guarantee Corporation mean? Deposit Insurance and Credit Guarantee Corporation (DICGC) is a specialised division of Reserve Bank of India which is under the jurisdiction of Ministry of Finance, Government of India. It was established on 15 July 1978 under the Deposit Insurance and Credit Guarantee Corporation Act, 1961 for the purpose of providing insurance of deposits and guaranteeing of credit facilities. DICGC insures all bank deposits, such as saving, fixed, current, recurring deposit for up to the limit of Rs. 500,000 of each depositor in a bank. reference
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2093. |
DICGC meaning in Banking ? |
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Answer» INFO: Full form for DICGC is Deposit Insurance and Credit Guarantee Corporation (india) in Banking category
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2094. |
CFSA meaning in Banking ? |
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Answer» INFO: Full form for CFSA is Committee on Financial Sector Assessment in Banking category
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2095. |
CICs meaning in Banking ? |
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Answer» INFO: Full form for CICs is Credit Information Companies in Banking category
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2096. |
CMCPS meaning in Banking ? |
Answer» INFO: Full form for CMCPS is Compulsorily and Mandatorily Convertible Preference Shares in Banking category nan |
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2097. |
CoBoSAC meaning in Banking ? |
Answer» INFO: Full form for CoBoSAC is Corporate Bonds and Securitisation Advisory Committee in Banking category nan |
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2098. |
CENVAT meaning in Banking ? |
Answer» INFO: Full form for CENVAT is Central Value Added Tax in Banking category nan |
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2099. |
CODs meaning in Banking ? |
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Answer» INFO: Full form for CODs is Central Office Departments in Banking category
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2100. |
CGRA meaning in Banking ? |
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Answer» INFO: Full form for CGRA is Currency & Gold Revaluation Account in Banking category
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