Banking Facts and shortforms

First India bank Got ISO : Canara Bank
* First Governor of RBI : Mr. Osborne Smith
* First Indian governor of RBI : Mr. C D Deshmukh
* First Bank to Introduce ATM in India : HSBC
* First Bank to introduce savings : Presidency bank in 1833
* First Bank to Introduce Cheque system : Bengal Bank 1784
* First Bank to introduce Internet Banking : ICICI BANK
* First Bank to introduce Mutual Fund : State Bank of India
* First Bank to introduce Credit Card : Central Bank of India
* First Foreign Bank in India : Comptoire d’Escompte de Paris of France in 1860
* First Joint Stock Bank of India : Allahabad Bank
* First Bank that is oldest Public Bank in India :Allahabad Bank
* First Indian bank to open branch outside India in London in 1946 : Bank of India
* First Indian Bank started with Indian capital / indigenous Bank of India : Punjab National Bank
* First Regional Rural Bank name Prathama Grameen Bank - Was started by : Syndicate Bank
* First Bank to launch branch in foreign was "Bank of India" in 1946 in London UK.
* First bank to Introduce Credit card in India was Central Bank of India With "Central Card" 1980.
* First Bank to introduce Debit Card in India was Citi Bank In Bangalore in 1987

Full Forms
1. BSBDA - Basic Savings Bank Deposit
Account
2. FCNR(B) - Foreign Currency Non-Resident
Bank
3. TARC - Tax Administration Reform
Commission
4. ITEs: Intra-Group Transactions and
Exposures
5. LCR: Liquidity Coverage Ratio
6. NSFR: Net Stable Funding Ratio
7. LRMT: Liquidity risk monitoring tools
8. CBS: Core Banking Solution
9. DEAF: Depositor Education and Awareness
Fund
10. CRAR: Capital to Risk-weighted Assets
Ratio
11. External Commercial Borrowings (ECB)
12. SWIFT: Society for Worldwide Interbank
Financial Telecommunication
13. FSLRC: Financial Sector Legislative
Reforms Commission
14. MIBOR: Mumbai Inter-Bank Offer Rate
15. LIBOR: London Inter-Bank Offer Rate
16. LAF – Liquidity Adjustment Facility
17. GIRO - Government Internal Revenue
Order
18. EEFC - Exchange Earner's Foreign
Currency
19. FRBMA: Fiscal Responsibility and Budget
Management Act
20. ALM- Asset Liability Management
21. AMFI- Association of Mutual Fund in
India.
22. TIEA – Tax Information exchange
Agreement
23. CAR – Capital Adequacy Ratio
24. CCEA – Cabinet Committee on Economic
Affairs
25. CECA - Comprehensive Economic
Cooperation Agreement
26. CEPA – Comprehensive Economic
Partnership Agreement
27. DTAA – Double Taxation Avoidance
Agreement
28. DTC – Direct Tax Code
29. ECBs - External Commercial Borrowings
30. EEFC - Exchange Earner's Foreign
Currency
31. EFSF – European Financial Stability
Facility
32. FEMA- Foreign Exchange Management Act
33. FII – Foreign Institutional Investor.
34. FINO- Financial Inclusion Network
Operation
35. FIPB – Foreign Investment Promotion
board
36. FSLRC – Financial Sector Legislative
Reforms Commission
37. FTA- Free trade agreement
38. GAAR - General anti avoidance rule
39. GSLV - Geo-Synchronous Launch Vehicle
40. MSF-Marginal Standing Facility
41. NBFC-Non Banking Finance Companies
42. NCTC - National Counter-Terrorism
Centre
43. NEFT - National Electronic Funds
Transfer
44. NSG – Nuclear Suppliers Group
45. PPP – Public Private Partnership &
Purchasing Power parity
46. PSLV – Polar Satellite Launch vehicle
47. RTGS - Real Time Gross Settlement
48. SLR-Statutory Liquidity Ratio
49. TAPI - Turkmenistan-Afghanistan-Pakis
tan-India.
50. QFI -Qualified Foreign Investors