● LBS :- LBS stands for Locational Banking Statistics. It was formed in 1970. It shows the growth of EURO currency market and it also shows the breakdown. It helps in International Banking Business.
● MMSE :- MMSE stands for Minimum Mean Squared Errors. Itwas formed to decrease the errors. It is basically an estimation method which helps to decrease the error of mean squared.
● NABARD :- NABARD stands for National Bank for Agriculture and Rural Development. It was established in 1982. Its chairman is Dr. Harsh Kumar Bhanwala. This bank is for agricultural development.
● NASSCOM :- NASSCOM stands for National Association of Software and Services Companies. It was established in 1988. It is a non profit organization with 1500 + members. Its president is R. Chandrasekhar.
● NCTC :- NCTC stands for National Counter Terrorism Centre. It was formed by Indian government after Mumbai attack in 2008. It is a part of IB (Intelligence Bureau). It is meant for controlling and handling the terrorism.
● NBFCs :- NBFCs stands for Non Banking Finance Companies. It is basically a company which act as a financial institute.
● NBC :- NBC stands for Non Banking Companies. It is basically a company which act as a financial institute.
● NEFT :- NEFT stands for National Electronic Fund Transfer. It is very good electronic fund transfer system. It was started in India in 2005. Banks provides this facility to its customers to transfer the fund with proper security. The transfer cannot exceed 2.5 lakhs.
● NBFC :- NBFC stands for Non Banking Financial Companies. In this, there is no interference of government and bank as well and there is no need of banking license.
● NEER :- NEER stands for Nominal Effective Exchange Rate. This rate denotes the change between the amount of currency. Basically in this we just compare the currency of one country with other.
● NFA :- NFA stands for Net Foreign Assets. This asset is equal to balance of payment.NFA = Current account + Valuation Effect.
● NSFR :- NSFR stands for Net Stable Funding Ratio. This was established before the crisis of 2007 -2008. NSFR = Available amount of stable funding / Required amount of stable funding >100%
● NGO :- NGO stands for Non Government Organisation. These are Non – Profit Organization. Many countries grouped together and work for non – profit activity. In these activities government cannot take part.
● NHB :- NHB stands on National Housing Bank. It was established in 1988 by RBI under National Housing Bank act 1987. It is a financial institute for housing. It provides the house loan to the needy.
● NSG :- NSG stands for Nuclear Supplier Group. In this group, there are seven countries’ government which act like participants and this group works to control the expert of those equipment, which are used to manufacture nuclear weapons.
● NPA :- NPA stands for Non Performing Assets. It is used by those financial institutes that are in default due to loan. Basically when the borrower failed to do payment with in 90 days then he is considered as NPA.
● NSC :- NSC stands for National Statistical Commission. It was established by government of India in 2006. Its objective is to handle or manage the problems which occur by statistical agencies at the time of collection of data.
● NSSF :- NSSF stands for National Small Savings Fund. This was established by government in 1999. Its main objective is to spool all the small resources together and make things simple for those customers who have small savings or household savings.
● OD :- OD stands for Overdraft. It is a facility which is provided by the bank to companies. In this facility, companies can withdraw an amount more than their available balance in their accounts. So this facility is known as overdraft.
● ODA :- ODA stands for Official Development Assistance. This is formed by DAC (Development Assistance Committee) to measure aid . Here aid is transfer of resources from one place to another.
● OMO :- OMO stands for Open Market operations. This process is for maintaining the liquidity in the currency. In this central bank can buy or sell bonds in the open market.
● PACS :- PACS stands on Primary Agriculture Credit Societies. This Society was established or formed by RBI in India to deal with Customers at a particular level (Gram Panchayat & village level). It is a credit institute.
● PDAI :- PDAI stands for Primary Dealers Association of India. This association was formed by PD (Primary Dealers) under RBI. It represents those market practices which are suitable for market and develop healthy market.
● PDO :- PDO stands for Public Debt Office. It is a debt strategy for ministry of finance.
● PIO :- PIO stands for Persons of Indian Origin. It is just like an identification only for the Persons of Indian Origin. It is given to those who have passport of a country except Afghanistan, Bangladesh, Bhutan, China, Nepal, Sri lanka, Pakistan.
● PO :- PO stands for Principal Office.
● PRB :- PRB stands for Primary Revenue Balance. This balance comes from revenue deficit and interest payment.PRB = Revenue Deficit – Interest Payment
● PSE :- PSE stands for Public Sector Enterprises. Those enterprises which are owned, controlled, managed by State and Central government are known as Public Sector Enterprises.
● PUC :- PUC stands for Paid Up capital. Paid-up capital is the amount of money a company has received from shareholders in exchange for shares of stock. Paid-up capital is only created when a company sells its shares on the primary market directly to investors.
● PPP :- PPP stands for Public Private Partnership. It is an agreement held between Public & Private sectors because it is a partnership So it cover the long term risk. Risk is shared by different sectors.
● QFI :- QFI stands for Qualified Foreign Investors. Through this, investors one can invest in Indian Securities. QFI made investment in equity share, Debt securities and so on.
● RD :- RD stands for Revenue Deficit. In simple words, increase in expenditure over receipt is called Revenue Deficit.RD= RE – RR
● RDBMS :- RDBMS stands on Rational Database Management. It is a part of (DBMS) Database Management System. To make data reliable we use Normalization, Primary, Foreign key.
● RTGS :- RTGS stands for Real Time Gross Settlement System. It is a fund transfer system. It is used for transferring the fund electronically. RTGS is done when the amount is more than 2 to 5 lakhs.
● RE :- Stands for Revenue Expenditure. It is an expense for short period and this expense is also recurring in nature. In simple words, any expenditure which directly helps us in earning revenue is called Revenue Expenditure.
● REC :- REc stands for Rural Electrification Corporation. It was established in 1969. Its chairman is Rajiv Sharma. Its objective is to provide financial assistance to electricity and promote the rural electrification projects.
● REER :- REER stands for Real Effective Exchange Rate. It is a index in which they measure or relate the strength of currency with other currencies. REER = ER (Price level in Country A / Price level in country B)
● RIDF :- RIDF stands for Rural Infrastructure Development Fund. This scheme came into the existence under NABARD bank to correct the rural development. Under this scheme, they workout to improve the rural infrastructure like bridges, roads, education and so on.
● ROC :- ROC stands for Registrars of Companies. It is formed in 1956 by government of India. It handles or manages the company's registration.
● RR:- stands for Revenue Receipt. It is an amount received by selling the assets.
● RRB :- RRB stands for Regional Rural Bank. This bank provides the facilities to rural areas. They also provide the locker facilities and debit cards facilities to rural areas.
● RTP :- RTP stands for Reserve Tranche Position. RTP is a difference between member quota & IMFs. It deals in country’s foreign exchange reserve.
● RWA :- RWA stands for Risk Weighted Asset. It means to examine the shortage of bank’s asset. Here asset contains fund like Cash, Loan and other assets credit equivalent to the amount is known as Risk weight.
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