Banking / Business Abbreviations

1. IRAC - Income Recognition and Asset Classification. 

2. MCX - Multi Commodity Exchange of India. 

3. FTP - File Transfer Protocol. 

4. TReDS - Trade Receivables Discounting System. 

5. MSP - Minimum Support Price. 

6. MOA - Memorandum of Association. 

7. NARCL - National Asset Reconstruction Company Limited. 

8. IDRCL - India Debit Resolution Company Limited. 

9. MTM - Marked to Market. 

10. OFS - Offer for Sale. 

11. DRHP - Draft Red Herring Prospectus. 

12. OCCPR - Organised Crime and Corruption Reporting Project. 

13. MCLR - Marginal Cost of Funds based Lending Rate. 

14. WALR - Weighed Average Lending Rate. 

15.SWIFT - Society for Worldwide Interbank Financial Telecommunications.