Regionalized Solutions
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Abbreviations

Below you will find the list of abbreviations and terms used in describing the Lending Compliance module.

Abbreviation Description
RBI Reserve Bank of India.
CRILC Central Repository Information on Large Credits.
COB Close of Business.
SOD Start of Day.
INR Indian Rupees.
FCY Foreign Currency.
NPA Non-performing Asset.
SMA Special Mention Account.
BG Bank Guarantee.
SBLC Stand by Letter of Credit.
DGSD Directorate General of Supplies and Goods.
SFMS Structured Financial Messaging System.
IATA International Air Transport Association.
GST Goods and Services Tax.
MTT Merchanting Trade Transaction.
LC Letter of Credit.
AD Authorised Dealer code.
BOE Bill of Entry.
IEC Importer Exporter Code.
ORM Outward Remittance Message.
IRM Inward Remittance Message.
DOE Date of Extension.
AD Authorised Dealer.
BRC Bank Realisation Certificate.
FIRC Foreign Inward Remittance Certificate.
SB` Shipping Bill.
EDI Electronic Data Exchange.
DGFT Director General of Foreign Trade.
SOFTEX Software Exports.
GR Waiver Guaranteed Remittance Waiver.
IDPMS Import Data Processing and Monitoring System.
EDPMS Export Data Processing and Monitoring System.
PO Payment Order.
SEZ Special Economic Zone.
SFTP Secured File Transfer Protocol.
PRN Payment Realisation.
IFN INFINET (Indian Financial Network) Format Number.
IFSC Indian Financial System Code.
NEFT National Electronics Funds Transfer.
RTGS Real Time Gross Settlement.
SFMS Structured Financial Messaging System.
BG Bank Guarantee.
ROD Receipt of Documents.
PSA Priority Sector Advances.
FCY Foreign Currency.
NPA Non-Performing Asset
P&L Profit and Loss

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Published on :
Monday, May 27, 2024 8:04:18 PM IST