AACS

As Applicable to Co-operative
Societies

AD

Authorised Dealer

ADR

American Depository Receipt

AFS

Available For Sale

AICCCA

Association of Independent Consumer
Credit Counselling Agencies

AIFI

All-India Financial Institution

ALM

Asset-Liability Management

AMC

Asset Management Company

AML

Anti-Money Laundering

ARC

Asset Reconstruction Company

ARCIL

Asset Reconstruction Company
(India) Ltd.

ATM

Automated Teller Machine

BCBS

Basel Committee on Banking
Supervision

BCP

Business Continuity Planning Process

BCSBI

Banking Codes and Standards
Board of India

BFS

Board for Financial Supervision

BIFR

Board for Industrial and Financial
Reconstruction

BoP

Balance of Payments

BOS

Banking Ombudsman Scheme

BPLR

Benchmark Prime Lending Rate

BPSS

Board for Payment and Settlement
Systems

BSC

Balanced Scorecard

BSE

Bombay Stock Exchange Ltd.

BSR

Basic Statistical Return

CALCS

Capital Adequacy, Asset Quality,
Liquidity, Compliance and System

CAMELS

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

CBLO

Collateralised Borrowing and Lending
Obligation

CBS

Core Banking Solutions

CCCS

Consumer Credit Counselling Service

CCDM

Credit Counselling and
Debt Management

CCIL

Clearing Corporation of India Ltd.

CCP

Central Counter Party

CD

Certificate of Deposit

CDBMS

Central Data-base Management System

CDF

Co-operative Development Fund

CDR

Corporate Debt Restructuring

CDRM

Corporate Debt Restructuring
Mechanism

CEO

Chief Executive Officer

CFMS

Centralised Funds Management System

CFS

Consolidated Financial Statements

CFT

Combating Financing of Terrorism

CGTSI

Credit Guarantee Trust for Small

Industries

CIBIL

Credit Information Bureau of India

Limited

CLCC

Central Labour Co-ordination

Committee

CLF

Collateralised Lending Facility

CMP

Conflict Management Policy

COBIT

Control Objectives for Information and
related Technology

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

CRAR

Capital to Risk-Weighted Assets Ratio

CRCS

Central Registrar of Co-operative
Societies

CRR

Cash Reserve Ratio

CSA

Co-operative Societies Act

CSD

Customer Service Department

CSGL

Constituent Subsidiary General
Ledger

CSO

Central Statistical Organisation

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

DCCB

District Central Co-operative Banks

DLIC

District Level Implementation
Committee

DCRR

Department for Co-operative Revival
and Reforms

DFI

Development Finance Institution

DICGC

Deposit Insurance and Credit
Guarantee Corporation

DLIC

District Level Implementation and
Monitoring Committee

DMA

Direct Marketing Agent

DNSS

Deferred Net Settlement System

DPSS

Department of Payment and
Settlement Systems

DRI

Differential Rate of Interest

DRT

Debt Recovery Tribunal

DSA

Direct Sales Agent

DTL

Demand and Time Liability

DvP

Delivery versus Payment

EBR

Export Bills Rediscounted

ECB

External Commercial Borrowing

ECGC

Export Credit Guarantee Corporation

ECS

Electronic Clearing Service

EFT

Electronic Funds Transfer

EME

Emerging Market Economy

ESOP

Employee Stock Option Plans

ETF

Empowered Task Force

EWS

Early Warning System

EXIM Bank

Export Import Bank of India

FAQs

Frequently Asked Questions

FBT

Fringe Benefit Tax

FCAC

Fuller Capital Account Convertibility

FCNR

Foreign Currency Non-Resident

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 Fledge Money Changer

FI

Financial Institution

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

FIU-IND

Financial Intelligence Unit - India

FMC

Forward Market Commission

FMD

Financial Markets Department

FRA

Forward Rate Agreement

FRB

Floating Rate Bond

FRBM Act

Fiscal Responsibility and Budget
Management Act

FRMS

Fraud Reporting and Monitoring System

FSAP

Financial Sector Assessment Programme

FSR

Financial Stability Report

FST

Financial Sector Technology

GCC

General Credit Card

GCS

Gold Card Scheme

GDCF

Gross Domestic Capital Formation

GDP

Gross Domestic Product

EME

Emerging Market Economy

ESOP

Employee Stock Option Plans

ETF

Empowered Task Force

EWS

Early Warning System

EXIM Bank

Export Import Bank of India

FAQs

Frequently Asked Questions

FBT

Fringe Benefit Tax

FCAC

Fuller Capital Account Convertibility

FCNR

Foreign Currency Non-Resident

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 Fledge Money Changer

FI

Financial Institution

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

FIU-IND

Financial Intelligence Unit - India

FMC

Forward Market Commission

FMD

Financial Markets Department

FRA

Forward Rate Agreement

FRB

Floating Rate Bond

FRBM Act

Fiscal Responsibility and Budget
Management Act

FRMS

Fraud Reporting and Monitoring System

FSAP

Financial Sector Assessment Programme

FSR

Financial Stability Report

FST

Financial Sector Technology

GCC

General Credit Card

GCS

Gold Card Scheme

GDCF

Gross Domestic Capital Formation

GDP

Gross Domestic Product

IT

Information Technology

ITGGSM

Internal Technical Group on
Government Securities Market

ITGI

IT Governance Institute

ITIL

IT Infrastructure Library

JPC

Joint Parliamentary Committee

KCC

Kisan Credit Card

KVIB

Khadi and Village Industries Board

KYC

Know your Customer

LAB

Local Area Bank

LAF

Liquidity Adjustment Facility

LIBOR

London Inter-Bank Offer Rate

LIC

Life Insurance Corporation of India

LME

London Metal Exchange

LOLR

Lender of Last Resort

LTCCS

Long-Term Co-operative Credit Structure

Broad Money

M3

MAP

Monitorable Action Plan

MLRO

Money Laundering Reporting Officer

MEDP

Micro Enterprise Development
Programme

MFDEF

Micro Finance Development and Equity

Fund

MFI

Micro Finance Institution

MIBOR

Mumbai Inter-Bank Offer Rate

MICR

Magnetic Ink Character Recognition

MIS

Management Information System

MLRO

Money Laundering Reporting Office

MMBCS

Magnetic Media Based Clearing System

MNBC

Miscellaneous Non-Banking Companies

MNSB

Multilateral Net Settlement Batch

MoU

Memorandum of Understanding

MSS

Market Stabilisation Scheme

MPLS

Multi-Protocol Layer Switching

NABARD

National Bank for Agriculture and Rural
Development

NAFCUB

National Federation of Co-operative
Urban Banks

NAV

Net Asset Value

NBC

Net Bank Credit

NBFC

Non-Banking Financial Company

NBFI

Non-Banking Financial Institutions

NBV

Net Book Value

NDS

Negotiated Dealing System

NDS-OM

NDS Order Matching

NDTL

Net Demand and Time Liability

NEDFi

North Eastern Development Finance
Corporation

NEFT

National Electronic Fund Transfer

NFCC

National Foundation for Credit Coun-
selling

NFGBC

Non-food Gross Bank Credit

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

NRE

Non-Resident External

NRI

Non-Resident Indian

NSE

National Stock Exchange

OBS

Off-balance Sheet

OBU

Off-Shore Banking Unit

OECD

Organisation for Economic
Co-operation and Development

OLRR

On-line Reject Repair

OLTAS

On-line Tax Accounting System

ORFS

On-line Returns Filing System

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

PCARDB

Primary Co-operative Agricultural and
Rural Development Bank

PD

Primary Dealer

PIO

Principal Inspection Officer

PKI

Public Key Infrastructure

PLR

Prime Lending Rate

PMLA

Prevention of Money Laundering Act

PMRY

Prime Minister Rojgar Yojna

POS

Point of Sale

PSB

Public Sector Bank

PSE

Public Sector Enterprise

QIS

Quantitative Impact Study

RBIA

Risk-Based Internal Audit

RBS

Risk-Based Supervision

RCS

Registrar of Co-operative Societies

RIDF

Rural Infrastructural Development

Fund

RNBC

Residuary Non-Banking Company

ROC

Registrar of Companies

RRB

Regional Rural Bank

RTGS

Real Time Gross Settlement System

SAA

Service Area Approach

SACP

Special Agricultural Credit Plan

SAO

Seasonal Agricultural Operations

SARFAESI

Securitisation and Reconstruction of
Financial Assets and Enforcement of
Security Interest

SAR

Self-Assessment Report

SARS

Severe Acute Respiratory Syndrome

SCARDB

State Co-operative Agricultural and
Rural Development Bank

SCB

Scheduled Commercial Bank

SC

Scheduled Caste

SDS

Special Deposit Scheme

SEB

State Electricity Board

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

SFMS

Structured Financial Messaging

System

SGL

Subsidiary General Ledger

SGSY

Swarn Jayanti Gram Swarojgar
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

SLBCs

State Level Bankers’ Committees

SLEPCS

State Level Export Promotion
Committees

SLR

Statutory Liquidity Ratio

SLRS

Scheme for Liberlisation and
Rehabilitation of Scavengers

SME

Small and Medium Enterprise

SPV

Special Purpose Vehicle

SSC

Special Sub-Committees

SSI

Small Scale Industry

SSS

Securities Settlement System

StCB

State Co-operative Bank

STCCS

Short-Term Co-operative Credit

Structure

STP

Straight Through Processing

STR

Suspicious Transaction Report

STRIPS

Separate Trading of Registered Interest
and Principal of Securities

ST

Scheduled Tribe

SWIFT

Society for Worldwide Financial
Telecommunication

TAFCUB

Task Force for Urban Co-operative
Banks

TFCI

Tourism Finance Corporation of India

UCB

Urban Co-operative Bank

UIA

United India Assurance Company Ltd.

UTI

Unit Trust of India

UTLBC

Union Territory Level Bankers’
Committee

VaR

Value at Risk

VCF

Venture Capital Fund

VKC

Village Knowledge Centre

VPN

Virtual Private Networks

VRS

Voluntary Retirement Scheme

VSAT

Very Small Aperture Terminal

WADR

Weighted Average Discount Rate

WEO

World Economic Outlook

WGRFIS

Working Group on Future Role of
Financial Institutions

WPI

Wholesale Price Index

XBRL

Extensible Business Reporting
Language