AACS

As Applicable to Co-operative Societies

ABC

Adjusted Bank Credit

AD

Authorised Dealer

ADR

American Depository Receipt

ADS

Access Development Services

AEBC

American Express Banking Corporation

AEBL

American Express Bank Limited

AFC

Asset Finance Company

AFS

Available for Sale

AICCCA

Association of Independent Consumer Credit Counselling Agencies

AIFI

All-India Financial Institution

ALD

Aggregate Liability to Depositors

ALM

Asset-Liability Management

AMC

Asset Management Company

AML

Anti-Money Laundering

ANBC

Adjusted Net Bank Credit

APRACA

Asia Pacific Regional Agricultural Credit Association

ARC

Asset Reconstruction Company

ARCIL

Asset Reconstruction Company(India) Ltd.

ASEAN

Association of South-east Asian Nations

ATM

Automated Teller Machine

BC

Business Correspondent

BCBS

Basel Committee on Banking Supervision

BCP

Business Continuity Planning Process

BCSBI

Banking Codes and Standards Boards of India

BF

Business Facilitator

BFS

Board for Financial Supervision

BIFR

Board for Industrial and Financial Reconstruction

BG

Bank Guarantee

BLA

Bond Ledger Account

BO

Banking Ombudsman

BoP

Balance of Payments

BoS

Board of Supervision

BOS

Banking Ombudsman Scheme

BPLR

Benchmark Prime Lending Rate

BPSS

Board for Regulation and Supervision of Payment and Settlement Systems

BSC

Balanced Scorecard

BSE

Bombay Stock Exchange

BSR

Basic Statistical Return

CA

Chartered Accountant

CALCS

Capital Adequacy, Asset Quality, Liquidity, Compliance and System

CAMELS

Capital Adequacy, Asset Quality, Management, Earnings, Liquidity, Systems and Control

CAR

Capacity Assessment Rating

CAS

Common Accounting System

CBI

Central Bureau of Investigation

CBLO

Collateralised Borrowing and Lending Obligation

CBS

Core Banking Solutions

CCCS

Consumer Credit Counselling Service

CCDM

Credit Counselling and Debt Management

CCF

Credit Conversion Factors

CCIL

Clearing Corporation of India Ltd.

CCP

Central Counter Party

CCS

Co-operative Credit Structure

CD

Certificate of Deposit

CDBMS

Central Data-base Management System

CDBS

Committee of Direction on Banking Statistics

CDF

Co-operative Development Fund

CDR

Corporate Debt Restructuring

CDRM

Corporate Debt Restructuring Mechanism

CEM

Current Exposure Method

CEO

Chief Executive Officer

CEOBSE

Credit Equivalent Amount of Off- Balance Sheet Exposures

CFCAC

Committee on Fuller Capital Account Convertibility

CFMS

Centralised Funds Management System

CFS

Consolidated Financial Statements

CFSA

Committee on Financial Sector Assessment

CFT

Combating Financing of Terrorism

CGF

Credit Guarantee Fund

CGTMSE

Credit Guarantee Trust for Micro and Small Enterprises

CGTSI

Credit Guarantee Trust for Small Industries

CIBIL

Credit Information Bureau of India Limited

CIC

Credit Information Company

CLCC

Central Level Co-ordination Committee

CLCSS

Credit Linked Capital Subsidy Scheme

CLF

Collateralised Lending Facility

CMA

Credit Monitoring Arrangements

CMP

Conflict Management Policy

COBIT

Control Objectives for Information and related Technology

CoR

Certificate of Registration

CP

Commercial Paper

CPC

Cheque Processing Centre

CPI

Consumer Price Index

CPOS

Central Point of Supervision

CPPAPS

Committee on Procedures and Performance Audit on Public Services

CPSS

Committee on Payment and Settlement System

CRA

Credit Rating Agency

CRAR

Capital to Risk-Weighted Assets Ratio

CRCS

Central Registrar of Co-operative Societies

CRISIL

Credit Rating Information Services of India Limited

CRR

Cash Reserve Ratio

CSA

Co-operative Societies Act

CSD

Customer Service Department

CSGL

Constituent Subsidiary General Ledger

CSO

Central Statistical Organisation

CSR

Corporate Social Responsibilsity

CTR

Cash Transaction Report

CTS

Cheque Truncation System

CVC

Central Vigilance Commission

D&B

Dun & Bradstreet Information Services India (P) Ltd.

DAPs

Development Action Plans

DCC

District Consultative Committee

DCCB

District Central Co-operative Banks

DCRR

Department for Co-operative Revival and Reforms

DER

Debt Equity Ratio

DFI

Development Finance Institution

DICGC

Deposit Insurance and Credit Guarantee Corporation

DLIC

District Level Implementing and Monitoring Committee

DMA

Direct Marketing Agent

DNSS

Deferred Net Settlement Systems

DoT

Department of Telecommunications

DPSS

Department of Payment and Settlement Systems

DR

Disaster Recovery

DRI

Differential Rate of Interest

DRIP

District Rural Industries Project

DRT

Debt Recovery Tribunal

DSA

Direct Sales Agent

DTA

Deferred Tax Asset

DTL

Deferred Tax Liability

DvP

Delivery versus Payment

EBR

Export Bills Rediscounted

ECB

External Commercial Borrowing

ECGC

Export Credit Guarantee Corporation

ECM

Economic Capital Model

ECS

Electronic Clearing Services

EDC

Enterprise Development Centre

EDF

Expected Default Frequency

EEFC

Exchange Earners' Foreign Currency

EFT

Electronic Funds Transfer

EME

Emerging Market Economy

ETF

Empowered Task Force

EWS

Early Warning System

EXIM Bank

Export Import Bank of India

FAQs

Frequently Asked Questions

FATF

Financial Action Task Force

FBT

Fringe Benefit Tax

FC

Financial Conglomerate

FCAC

Fuller Capital Account Convertibility

FCCB

Foreign Currency Convertible Bond

FCEB

Foreign Currency Exchangeable Bond

FCNR (B)

Foreign Currency Non-Resident (Banks)

FDI

Foreign Direct Investment

FDIC

Federal Deposit Insurance Corporation

FEDAI

Foreign Exchange Dealers Association of India

FFI

Foreign Financial Institution

FFMC

Full Fledged Money Changer

FI

Financial Institution

FIF

Financial Inclusion Fund

FII

Foreign Institutional Investor

FIMMDA

Fixed Income Money Market and Derivatives Association of India

FINO

Financial Information Network and Operations

FIPB

Foreign Investment Promotion Board

FITF

Financial Inclusion Technology Fund

FIU-IND

Financial Intelligence Unit - India

FMC

Forward Markets Commission

FMD

Financial Markets Department

FRA

Forward Rate Agreements

FRB

Floating Rate Bond

FRBM Act

Fiscal Responsibility and Budget Management Act

FRMS

Fraud Reporting and Monitoring System

FSA

Financial Services Authority

FSAP

Financial Sector Assessment Program

FSF

Financial Stability Forum

FSR

Financial Stability Report

FST

Financial Sector Technology

GB

Grameen Bank

GCC

General Credit Card

GCS

Gold Card Scheme

GDCF

Gross Domestic Capital Formation

GDP

Gross Domestic Product

GDR

Global Depository Receipt

GFD

Gross Fiscal Deficit

GIC

General Insurance Corporation of India

GLC

General Line of Credit

GSA

Graded Supervisory Action

GTS

Grameen Tatkal Scheme

HFC

Housing Finance Company

HFT

Held for Trading

HR

Human Resources

HRD

Human Resource Development

HTM

Held to Maturity

IADI

International Association of Deposit Insurers

IAS

International Accounting Standards

IBA

Indian Banks' Association

IBS

International Banking Statistics

ICAAP

Internal Capital Adequacy Assessment Process

ICAI

Institute of Chartered Accountants of India

I-CAT

Institutional Capacity Assessment Tool

ICCOMS

Integrated Currency Chest Operations and Management System

ICT

Information and Communication Technology

IDBI

Industrial Development Bank of India

IDFC

Infrastructure Development Finance Company

IDL

Intra-Day Liquidity

IDR

Investment-Deposit Ratio

IDRBT

Institute for Development and Research in Banking Technology

IFCI

Industrial Finance Corporation of India Ltd.

IFR

Investment Fluctuation Reserve

IFSC

Indian Financial System Code

IIBI

Industrial Investment Bank of India

IIP

Index of Industrial Production

IL & FS

Infrastructure Leasing and Financial Services Ltd.

IMD

India Millennium Deposit

IMF

International Monetary Fund

IMGC

Indian Mortgage Guarantee Company

INFINET

Indian Financial Network

IO

Inspecting Officers

IOSCO

International Organization of Securities Commissions

IPA

Issuing and Payment Agent

IPC

Irrevocable Payment Commitments

IPDI

Innovative Perpetual Debt Instrument

IPO

Initial Public Offering

IRB

Internal Rating Based

IRDA

Insurance Regulatory and Development Authority

IRDP

Integrated Rural Development Programme

IRF

Interest Rate Futures

IRS

Interest Rate Swaps

IS

Information System

IT

Information Technology

ITE

Intra-Group Transactions and Exposure

ITGGSM

Internal Technical Group on Government Securities Market

ITGI

IT Governance Institute

ITIL

IT Infrastructure Library

IWG

Internal Working Group

JLG

Joint Liability Group

JPC

Joint Parliamentary Committee

KCC

Kisan Credit Card

KVIB

Khadi and Village Industries Board

KVK

Krishi Vikas Kendras

KYC

Know Your Customer

LAB

Local Area Bank

LAF

Liquidity Adjustment Facility

LIBOR

London Inter-Bank Offered Rate

LC

Letter of Credit

LIC

Life Insurance Corporation of India

LME

London Metal Exchange

LoC

Letter of Comfort

LOLR

Lender of Last Resort

LTCCS

Long-Term Co-operative Credit Structure

LTV

Loan-to-Value

M3

Broad Money

MAP

Monitorable Action Plan

MCX

Multi Commodity Exchange of India Ltd.

MEDP

Micro Enterprise Development Programme

MF

Mutual Fund

MFDEF

Micro Finance Development and Equity Fund

MFI

Micro Finance Institution

MGCS

Mortgage Guarantee Companies

MIBOR

Mumbai Inter-Bank Offer Rate

MICR

Magnetic Ink Character Recognition

MIS

Management Information System

ML

Money Laundering

MLRO

Money Laundering Reporting Office

MMBCS

Magnetic Media Based Clearing System

MMS

Multi-Modal Settlements

MNBC

Miscellaneous Non-Banking Companies

MNSB

Multilateral Net Settlement Batch

MoU

Memorandum of Understanding

MPLS

Multi-Protocol Layer Switching

MSE

Micro and Small Enterprise

MSME

Micro, Small and Medium Enterprise

MSOE

Minimum Standard for Operational Efficiency

MSS

Market Stabilisation Scheme

MTSS

Money Transfer Service Scheme

NABARD

National Bank for Agriculture and Rural Development

NAFCUB

National Federation of Co-operative Urban Banks

NAFSCOB

National Federation of State Co- operative Banks

NAV

Net Asset Value

NBC

Net Bank Credit

NBFC

Non-Banking Financial Company

NBFI

Non-Banking Financial Institutions

NBV

Net Book Value

NCDEX

National Commodity and Derivatives Exchange Ltd.

NCEUS

National Commission for Enterprises in the Unorganised Sector

NDC

No Dues Certificate

NDS

Negotiated Dealing System

NDS-OM

Negotiated Dealing System-Order Matching

NDTL

Net Demand and Time Liabilities

NECS

National Electronic Clearing Services

NEDFC

North Eastern Development Finance Corporation

NEFT

National Electronic Funds Transfer

NFCC

National Foundation for Credit Counselling

NFGBC

Non-food Gross Bank Credit

NFR

Non-Financial Reporting

NFS

National Financial Switch

NGO

Non-Government Organisation

NHB

National Housing Bank

NHC

National Housing Credit

NIA

New India Assurance Company Limited

NIC

National Industrial Credit

NIMC

National Implementation Monitoring Committee

NOC

No Objection Certificate

NOF

Net Owned Fund

NPA

Non-Performing Asset

NPFA

Non-Performing Financial Assets

NPL

Non-Performing Loan

NPV

Net Present Value

NRRDA

National Rural Roads Development Agency

NR(E)RA

Non-Resident (External) Rupee Account

NRE

Non-Resident External

NRI

Non-Resident Indian

NRO

Non-Resdident Rupee Ordinary (Account)

NSE

National Stock Exchange

NSLRS

National Scheme for Liberation and Rehabilitation of Scavengers

OBE

Off-Balance Sheet Exposure

OBS

Off-Balance Sheet

OBU

Off-Shore Banking Units

OECD

Organisation for Economic Corporation and Development

OLRR

On-line Reject Repair

OLTAS

On-line Tax Accounting System

OMO

Open Market Operations

ORFS

Online Returns Filing System

OSAO

Other than Seasonal Agricultural Operations

OSMOS

Off-Site Monitoring and Surveillance System

OSS

Off-site Surveillance System

OTC

Over-the-Counter

OTS

One-Time Settlement

PACS

Primary Agricultural Credit Society

PAIS

Personal Accident Insurance Scheme

PAN

Permanent Account Number

PBR

Principles-based Regulation

PCARDB

Primary Co-operative Agriculture and Rural Development Bank

PCPS

Perpetual Cumulative Preference Shares

PCR

Public Credit Registry

PD

Primary Dealer

PDO-NDS

Public Debt Office-Negotiated Dealing System

PDI

Perpetual Debt Instruments

PFM

Pension Fund Management

PFRDA

Pension Fund Regulatory and Development Authority

PIMC

Project Implementation Monitoring Committee

PIO

Principal Inspection Officer

PKI

Public Key Infrastructure

PLR

Prime Lending Rate

PMLA

Prevention of Money Laundering Act

PMRY

Prime Minister's Rozgar Yojna

PNCPS

Perpetual Non-Cumulative Preference Shares

POL

Petroleum, Oil and Lubricants

POS

Point of Sale

PPID

Pilot Project for Integrated Development

PRI

Panchayati Raj Institutions

PSB

Public Sector Bank

PSE

Public Sector Enterprise

QIS

Quantitative Impact Study

RBI

Reserve Bank of India

RBIA

Risk-Based Internal Audit

RBS

Risk-Based Supervision

RCPS

Redeemable Cumulative Preference Shares

RCS

Registrar of Co-operative Societies

REDP

Rural Entrepreneurship Development Programme

REGP

Rural Employment Generation Programme

RFA

Revolving Fund Assistance

RIDF

Rural Infrastructure Development Fund

RIF

Rural Innovation Fund

RML

Reverse Mortgage Loan

RNBC

Residuary Non-Banking Company

RNCPS

Redeemable Non-Cumulative Preference Shares

RoA

Return on Assets

ROC

Registrar of Companies

RRB

Regional Rural Bank

RTGS

Real Time Gross Settlement

RUDSETI

Rural Development and Self- Employed Training Institute

SAA

Service Area Approach

SAARC

South Asian Association for Regional Co-operation

SACP

Special Agricultural Credit Plan

SACRED

Scheme for Agricultural Credit Development

SAO

Seasonal Agricultural Operations

SAR

Self-Assessment Report

SARFAESI

Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest

SARS

Severe Acute Respiratory Syndrome

SBI

State Bank of India

SBLP

SHG-Bank Linkage Programme

SC

Scheduled Caste

SCARDB

State Co-operative Agriculture and Rural Development Bank

SCB

Scheduled Commercial Bank

SCC

Swarozgar Credit Card

SD

Sustainable Development

SDL

State Development Loan

SDP

Skill Development Programme

SDS

Special Deposit Scheme

SEB

State Electricity Board

SEBs

Salary Earners' Banks

SEBI

Securities and Exchange Board of India

SEFCs

Small Enterprises Financial Centres

SEFT

Special Electronic Funds Transfer

SEZ

Special Economic Zones

SFAC

Small Farmers Agri-Business Consortium

SFC

State Financial Corporation

SFIO

Serious Frauds Investigation Office

SFMS

Structured Financial Messaging System

SGL

Subsidiary General Ledger

SGSY

Swarnjayanti Gram Swarozgar Yojna

SHG

Self-Help Group

SHPI

Self-Help Promoting Institutions

SIDBI

Small Industries Development Bank of India

SIDC

State Industrial Development Corporation

SIPS

Systemically Important Payment System

SJSRY

Swarna Jayanti Shahari Rojgar Yojna

SLA

Service Level Agreement

SLAF

Second Liquidity Adjustment Facility

SLBC

State Level Bankers' Committee

SLEPCS

State Level Export Promotion Committees

SLIC

State Level Implementing and Monitoring Committee

SLR

Statutory Liquidity Ratio

SME

Small and Medium Enterprise

SMO

Special Market Operations

SPV

Special Purpose Vehicle

SR

Security Receipt

SRMS

Scheme for Rehabilitation of Manual Scavengers

SRP

Supervisory Review Process

SSC

Special Sub-Committees

SSI

Small Scale Industry

SSS

Securities Settlement System

ST

Scheduled Tribe

StCB

State Co-operative Bank

STCCS

Short-Term Co-operative Credit Structure

STCRE

Short-Term Co-operative Rural Credit

STP

Straight Through Processing

STR

Suspicious Transaction Report

STRIPS

Separate Trading for Registered Interest and Principal of Securities

SWIFT

Society for Worldwide Financial Telecommunication

TAC

Technical Advisory Committee

TACMP

Technical Advisory Committee on Monetary Policy

TAFCUB

Task Force for Co-operative Urban Banks

TDF

Tribal Development Fund

TF

Terrorist Financing

TFCI

Tourism Finance Corporation of India

TPC

Training-cum-Production Centre

TSPs

Technical Service Providers

UBB

Uniform Balance Book

UCB

Urban Co-operative Bank

UCC

Unsolicited Commercial Communication

UIA

United India Assurance Company Ltd.

UN

United Nations

USA

United States of America

UTI

Unit Trust of India

UTLBC

Union Territory Level Bankers' Committee

VCF

Venture Capital Fund

VDP

Village Development Programme

VKC

Village Knowledge Centre

VPN

Virtual Private Networks

VRS

Voluntary Retirement Scheme

VSAT

Very Small Aperture Terminal

WADR

Weighted Average Discount Rate

WDC

Women Development Cell

WDF

Watershed Development Fund

WEO

World Economic Outlook

WGRFIS

Working Group on Future Role of Financial Institutions

WPI

Wholesale Price Index

XBRL

eXtensible Business Reporting Language

XML

eXtensible Markup Language