ABS

Asset Backed Securities

ACH

Automatic Clearing House

AACS

As Applicable to Cooperative Societies

AD

Authorised Dealer

ADR

American Depository Receipt

AFC

Asset Finance Companies

AFS

Available For Sale

ALM

Asset-Liability Management

AMC

Asset Management Company

AML

Anti-Money Laundering

ANBC

Adjusted Net Bank Credit

ARC

Asset Reconstruction Company

ARCIL

Asset Reconstruction Company (India) Ltd.

ATM

Automated Teller Machine

BC

Business Correspondent

BCBS

Basel Committee on Banking Supervision

BCSBI

Banking Codes and Standards Boards of India

BF

Banking Facilitator

BFS

Board for Financial Supervision

BIS

Bank for International Settlements

BO

Banking Ombudsman

BPLR

Benchmark Prime Lending Rate

BPSS

Board for Payment and Settlement Systems

BSE

Bombay Stock Exchange Ltd.

BSR

Basic Statistical Returns

CAMELS

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

CAR

Capacity Assessment Rating

CBLO

Collateralised Borrowing and Lending Obligation

CBS

Core Banking Solutions

CCF

Credit Conversion Factors

CCIL

Clearing Corporation of India Ltd.

CCP

Central Counter Party

CD

Certificate of Deposit

CDBMS

Central Data-base Management System

CDR

Corporate Debt Restructuring

CDRM

Corporate Debt Restructuring Mechanism

CDS

Credit Default Swaps

CEOBSE

Credit Equivalent Amount Off-Balance Sheet Exposure

CFSA

Committee on Financial Sector Assessment

CFSR

Committee on Financial Sector Reforms

CIBIL

Credit Information Bureau of India Limited

CIC

Credit Information Company

CME

Capital Market Exposure

CP

Commercial Paper

CPI

Consumer Price Index

CPSS

Committee on Payment and Settlement System

CRAR

Capital to Risk-Weighted Assets Ratio

CRE

Commercial Real Estate

CRISIL

Credit Rating Information Services of India Limited

CRR

Cash Reserve Ratio

CSD

Customer Service Department

CSO

Central Statistical Organisation

CSR

Corporate Social Responsibilsity

CTR

Cash Transaction Report

CTS

Cheque Truncation System

DAPs

Development Action Plans

DCCB

District Central Cooperative Banks

DICGC

Deposit Insurance and Credit Guarantee Corporation

DLIC

District Level Implementation Committee

DoT

Department of Telecommunications

DPSS

Department of Payment and Settlement Systems

DRI

Differential Rate of Interest

DRT

Debt Recovery Tribunal

DTL

Demand and Time Liability

DvP

Delivery versus Payment

EBT

Electronic Benefit Transfer

ECB

External Commercial Borrowing

ECGC

Export Credit Guarantee Corporation

ECS

Electronic Clearing Service

EEFC

Exchange Earners’ Foreign Currency

EFT

Electronic Funds Transfer

EME

Emerging Market Economy

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 Conglomerates

FCNR (B)

Foreign Currency Non-Resident (Banks)

FDI

Foreign Direct Investment

FDIC

Federal Deposit Insurance Corporation

FEDAI

Foreign Exchange Dealers Association of India

FEMA

Foreign Exchange Management Act

FI

Financial Institution

FIF

Financial Inclusion Fund

FII

Foreign Institutional Investments

FIMMDA

Fixed Money Market and Derivatives Association of India

FIPB

Foreign Investment Promotion Board

FITF

Financial Inclusion Technology Fund

FIU-IND

Financial Intelligence Unit - India

FMD

Financial Markets Department

FRA

Forward Rate Agreement

FRB

Floating Rate Bond

FRBM Act

Fiscal Responsibility and Budget Management Act

FSAP

Financial Sector Assessment Programme

FSF

Financial Stability Forum

FSR

Financial Stability Report

G 20

Group of Twenty

GCC

General Credit Card

GDP

Gross Domestic Product

GDR

Global Depository Receipt

GFD

Gross Fiscal Deficit

GIC

General Insurance Corporation of India

GLC

General Lines of Credit

HFC

Housing Finance Companies

HFT

Held for Trading

ICICI

Industrial Credit and Investment Corporation of India

IDBI

Industrial Development Bank of India

IDRBT

Institute for Development and Research in Banking Technology

IFCI

Industrial Finance Corporation of India Ltd.

IFR

Investment Fluctuation Reserve

IFC

Infrastructure Finance Company

IIBI

Industrial Investment Bank of India

IIFCL

India Infrastructure Finance Company Limited

IIP

Index of Industrial Production

IMF

International Monetary Fund

INFINET

Indian Financial NETwork

IOSCO

International Organisation of Securities Commission

IPDI

Innovative Perpetual Debt Instrument

IPO

Initial Public Offering

IRAC

Income Recognition and Asset Classification

IRDA

Insurance Regulatory and Development Authority

IRDP

Integrated Rural Development Programme

IRF

Interest Rate Future

IRS

Interest Rate Swap

IT

Information Technology

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 Offered Rate

LIC

Life Insurance Corporation of India

LOLR

Lender of Last Resort

LTCCS

Long-Term Cooperative Credit Structure

LTV

Loan-to-Value

M₃

Broad Money

MFI

Micro Finance Institution

MIBOR

Mumbai Inter-Bank Offer Rate

MICR

Magnetic Ink Character Recognition

MIS

Management Information System

MoU

Memorandum of Understanding

MSME

Micro, Small and Medium Enterprises

MSS

Market Stabilisation Scheme

NABARD

National Bank for Agriculture and Rural Development

NAV

Net Asset Value

NBC

Net Bank Credit

NBFC

Non-Banking Financial Company

NBFC-D

Non-Banking Financial Company-Deposit taking

NBFC-ND

Non-Deposit taking Non-Banking Financial Company

NBFC-ND-SI

Systemically Important Non-Deposit taking Non-Banking Financial Company

NBFI

Non-Banking Financial Institutions

NCAF

New Capital Adequacy Framework

NDS

Negotiated Dealing System

NDS-OM

NDS Order Matching

NDTL

Net Demand and Time Liability

NECS

National Electronic Clearing Service

NEDFi

North Eastern Development Finance Corporation

NEFIS

Nationwide Electronic Financial Inclusion System

NEFT

National Electronic Fund Transfer

NFGBC

Non-food Gross Bank Credit

NFS

National Financial Switch

NGO

Non-Government Organisation

NHB

National Housing Bank

NOF

Net Owned Fund

NPA

Non-Performing Asset

NPL

Non-Performing Loan

NR(E)RA

Non-resident (External) Rupee Account

NRE

Non-Resident External

NREGA

National Rural Employment Guarantee Act

NRI

Non-Resident Indian

NSE

National Stock Exchange

OBS

Off-balance Sheet

OBU

Off-Shore Banking Units

OECD

Organisation for Economic Corporation and Development

OLTAS

On-line Tax Accounting System

OMO

Open Market Operations

ORFS

On-line Returns Filing System

OSMOS

Off-Site Monitoring and Surveillance System

OTC

Over the Counter

OTS

One Time Settlement

PACS

Primary Agricultural Credit Society

PAT

Profit After Tax

PBT

Profit Before Tax

PCARDB

Primary Cooperative Agriculture and Rural Development Bank

PCPS

Perpetual Cumulative Preference Shares

PD

Primary Dealer

PDI

Perpetual Debt Instruments

PDO

Public Debt Office

PFRDA

Pension Fund Regulatory and Development Authority

PKI

Public Key Infrastructure

PLR

Prime Lending Rate

PNCPS

Perpetual Non-cumulative Preference Shares

POS

Point of Sale

PPP

Purchasing Power Parity

PSB

Public Sector Bank

PSE

Public Sector Enterprise

PSLC

Priority Sector Lending Certificate

PSS

Payment and Settlement System

RBS

Risk-Based Supervision

RCPS

Redeemable Cumulative Preference Shares

RCS

Registrar of Cooperative Societies

RIDF

Rural Infrastructural Development Fund

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 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

SBLP

SHG-Bank Linkage Programme

SC

Scheduled Caste

SCARDB

State Cooperative Agriculture and Rural Development Bank

SCB

Scheduled Commercial Bank

StCB

State Cooperative Bank

SEBI

Securities and Exchange Board of India

SEZ

Special Economic Zones

SFC

State Financial Corporation

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

SLBCs

State Level Bankers’ Committees

SLR

Statutory Liquidity Ratio

SPV

Special Purpose Vehicle

SR

Security Receipt

SREP

Supervisory Review and Evaluation Process

SSI

Small Scale Industry

ST

Scheduled Tribe

STCCS

Short-Term Cooperative Credit Structure

STRIPS

Separate Trading of Registered Interest and Principal of Securities

SWIFT

Society for Worldwide Financial Telecommunication

TAFCUB

Task Force for Urban Cooperative Bank

TFCI

Tourism Finance Corporation of India

UCB

Urban Cooperative Bank

UTI

Unit Trust of India

VaR

Value at Risk

VCF

Venture Capital Fund

WADR

Weighted Average Discount Rate

WCTL

Working Capital Term Loan

WEO

World Economic Outlook

WPI

Wholesale Price Index

YTM

Yield to Maturity