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.
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