ABS

Asset Backed Securities

ACH

Automatic Clearing House

AACS

As Applicable to Cooperative Societies

AD

Authorised Dealer

ADR

American Depository Receipt

AEBC

American Express Banking Corporation

AEBL

American Express Bank Limited

AFC

Asset Finance Companies

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.

ASIC

Australian Securities & Investment Commission

ATM

Automated Teller Machine

BC

Business Correspondence

BCBS

Basel Committee on Banking Supervision

BCP

Business Continuity Planning Process

BCP

Basel Core Principles

BCSBI

Banking Codes and Standards Boards of India

BF

Banking Facilitator

BFS

Board for Financial Supervision

BIA

Basic Indicator Approach

BIFR

Board for Industrial and Financial Reconstruction

BIS

Bank for International Settlements

BLA

Bond Ledger Account

BO

Banking Ombudsman

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

CAR

Capacity Assessment Rating

CAS

Common Accounting System

CASA

Current & Saving Accounts

CBLO

Collateralised Borrowing and Lending Obligation

CBS

Core Banking Solutions

CBS

Corporate Bond Spreads

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

CCP

Cheque Clearing Policy

CCR

Counterfeit Currency Report

CCTV

Closed Circuit Television

CD

Certificate of Deposit

CDBMS

Central Data-base Management System

CDBS

Committee of Direction on Banking Statistics

CDF

Cooperative Development Fund

CDO

Collateral Debt Obligations

CDR

Corporate Debt Restructuring

CDRM

Corporate Debt Restructuring Mechanism

CDS

Credit Default Swaps

CEM

Current Exposure Method

CEO

Chief Executive Officer

CEOBSE

Credit Equivalent Amount Off-Balance Sheet Exposure

CFCAC

Committee on Fuller Capital Account Convertibility

CFMS

Centralised Funds Management System

CFS

Consolidated Financial Statements

CFSA

Committee on Financial Sector Assessment

CFSP

Committee on Financial Sector Plan

CFSR

Committee on Financial Sector Reforms

CFT

Combating Financing of Terrorism

CGF

Credit Guarantee Fund

CGTMSE

Credit Guarantee Trust and Micro and Small Enterprises

CGTSI

Credit  Guarantee  Trust  for  Small Industries

CIBIL

Credit Information Bureau of India Limited

CIC

Credit Information Company

CIT

Cash-in-Transit

CLCC

Central Labour 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

CPE

Customer Premises Equipment

CPADS

Centralised Public Accounts Department System

CPC

Cheque Processing Centre

CPD

Collateralised debt obligation

CPI

Consumer Price Index

CPOS

Central Point of Supervision

CPGRAMS

Public Grievances Redress and Monitoring System

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 Cooperative Societies

CRE

Commercial Real Estate

CRISIL

Credit Rating Information Services of India Limited

CRM

Customer Relationship Management

CRR

Cash Reserve Ratio

CSA

Cooperative Societies Act

CSC

Common Service Centres

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.

DARPG

Department of Administrative Reforms and Public Grievances

DAPs

Development Action Plans

DCC

District Consultative Committee

DCC

District Coordination Committee

DCCB

District Central Cooperative Banks

DCRR

Department for Cooperative Revival and Reforms

DER

Debt Equity Ratio

DFI

Development Finance Institution

DICGC

Deposit Insurance and Credit Guarantee Corporation

DLIC

District Level Implementation Committee

DLIC

District Level Implementation 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

Demand and Time Liability

DTL

Differed Tax Liability

DvP

Delivery versus Payment

EaR

Earnings at Risk

EBR

Export Bills Rediscounted

EBT

Electronic Benefit Transfer

ECB

External Commercial Borrowing

ECGC

Export Credit Guarantee Corporation

ECM

Economic Capital Model

ECR

Export Credit Refinance

ECS

Electronic Clearing Service

EEFC

Exchange Earners’ Foreign Currency

EFT

Electronic Funds Transfer

EME

Emerging Market Economy

EoI

Expression on Interest

ESOP

Employee Stock Option Plans

ESRB

European Systemic Risk Board

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 Conglomerates

FCAC

Fuller Capital Account Convertibility

FCL

Flexible Credit line

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

FEMA

Foreign Exchange Management Act

FFI

Foreign Financial Institution

FFMC

Full Fledge Money Changer

FI

Financial Institution

FITL

Funded Interest Term Loan

FIF

Financial Inclusion Fund

FII

Foreign Institutional Investments

FIMMDA

Fixed 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

FLCC

Financial Literacy and Credit Counselling Centres

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

FSA

Financial Service Authority

FSB

Financial Stability Board

FSAP

Financial Sector Assessment Programme

FSF

Financial Stability Forum

FSR

Financial Stability Report

FST

Financial Sector Technology

FVA

Fair Value Accounting

G 20

Group of Twenty

GAAP

Generally Acceptable Accounting principles

GB

Gramin 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 Lines of Credit

GSA

Graded Supervisory Action

HFC

Housing Finance Companies

HFT

Held for Trading

HTM

Held to Maturity

IADI

International Association of Deposit Insurers

IAS

Internal Accounting System

IASB

International Accounting Standard Board

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

ICD

Inter Corporate Deposits

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

IIFCL

India Infrastructure Finance Company Limited

IIP

Index of Industrial Production

IMD

India Millennium Deposit

IMGC

Indian Mortgage Guarantee Company

IMF

International Monetary Fund

INFINET

Indian Financial NETwork

IOSCO

International Organisation of Securities Commission

IPA

Issuing and Payment Agent

IPC

Irrevocable Payment Commitments

IPDI

Innovative Perpetual Debt Instrument

IPO

Initial Public Offering

IRAC

Income Recognition and Asset Classification

IRB

Internal Rating Based

IRDA

Insurance Regulatory and Development Authority

IRDP

Integrated Rural Development Programme

IRF

Interest Rate Future

IRS

Interest Rate Swap

IS

Information System

IT

Information Technology

ITES

Intra-Group Transactions and Exposures

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

KVIC

Khadi and Village Industries Commission

KYC

Know Your Customer

LAB

Local Area Bank

LAF

Liquidity Adjustment Facility

LIBOR

London Inter-Bank Offered Rate

LIC

Life Insurance Corporation of India

LME

London Metal Exchange

LoC

Letter of Comfort

LOLR

Lender of Last Resort

LTCCS

Long-Term Cooperative Credit Structure

LTO

Long Term Operations

LTV

Loan-to-Value

3

Broad Money

MAP

Monitorable Action Plan

MBC

Mutual Benefit Company

MDB

Multilateral Development Bank

MEDP

Micro Enterprise Development Programme

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

MJT

Mobile Job Trainer

MLRO

Money Laundering Reporting Office

MMBCS

Magnetic Media Based Clearing System

MMS

Multi-Modal Settlement

MNBC

Miscellaneous Non-Banking Companies

MNSB

Multilateral Net Settlement Batch

MoU

Memorandum of Understanding

MPLS

Multi-Protocol Layer Switching

MSE

Micro & Small Enterprises

MSME

Micro, Small and Medium Enterprises

MSOE

Minimum Standard for Operational Efficiency

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-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

NBV

Net Book Value

NCAF

New Capital Adequacy Framework

NCEUS

National Commission for Enterprises in Unorganised Sector

NCR

National Capital Region

NDC

No Due Certificate

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

NFA

New Financial  Architecture

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

NIC

National Informatic Centre

NIMC

National Implementation Monitoring Committee

NOC

No Objection Certificate

NOF

Net Owned Fund

NPA

Non-Performing Asset

NPCI

National Payments Corporation of India

NPFA

Non-Performing Financial Assets

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

OBE

Off Balancesheet 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

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

PBR

Principles-based Regulation

PCARDB

Primary Cooperative Agriculture and Rural Development Bank

PCO

Public Call Office

PCPS

Perpetual Cumulative Preference Shares

PCR

Public Credit Registry

PD

Primary Dealer

PDI

Perpetual Debt Instruments

PDO

Public Debt Office

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

PMEGP

Prime Minister’s Employment Generation Programme

PMLA

Prevention of Money Laundering Act

PMRY

Prime Minister Rojgar Yojna

PNCPS

Perpetual Non-cumulative Preference Shares

POS

Point of Sale

PPID

Pilot Project for Integrated Development

PPP

Purchasing Power Parity

PSB

Public Sector Bank

PSE

Public Sector Enterprise

PSLC

Priority Sector Lending Certificate

PSS

Payment and Settlement System

PV

Present Value

QIS

Quantitative Impact Study

RBA

Reserve Bank of Australia

RBIA

Risk-Based Internal Audit

RBS

Risk-Based Supervision

RCPS

Redeemable Cumulative Preference Shares

RCS

Registrar of Cooperative Societies

RDA

Rupee Drawing Arrangement

REGP

Rural Employment Generation Programme

RFA

Revolving Fund Assistance

RIDF

Rural Infrastructural Development Fund

RML

Reverse Mortgage Loan

RNBC

Residuary Non-Banking Company

RNCPS

Redeemable Non-Cumulative Preference Shares

RoA

Return on Assets

ROC

Registrar of Companies

ROE

Return on Equity

RRB

Regional Rural Bank

RTGS

Real Time Gross Settlement System

SAA

Service Area Approach

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

SBLP

SHG-Bank Linkage Programme

SC

Scheduled Caste

SCARDB

State Cooperative Agriculture and Rural Development Bank

SCB

Scheduled Commercial Bank

StCB

State Cooperative Bank

SD

Sustainable Development

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

SFIO

Serious Frauds Investigation Office

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

SR

Security Receipt

SRF

Special Refinance Facility

SRMS

Self Employment Scheme for Rehabilitation of Manual Scavengers

SRP

Supervisory Review Process

SREP

Supervisory Review and Evaluation Process

SSC

Special Sub-Committees

SSI

Small Scale Industry

SSS

Securities Settlement System

ST

Scheduled Tribe

STC

Standing Technical Committee

StCB

State Cooperative Bank

STCCS

Short-Term Cooperative Credit Structure

STCRE

Short-Term Cooperative Rural Credit

STP

Straight Through Processing

STR

Suspicious Transaction Report

STR

Suspicious Transaction Report

STRIPS

Separate Trading of Registered Interest and Principal of Securities

SWIFT

Society  for  Worldwide Financial Telecommunication

TACMP

Technical Advisory Committee on Monetary Policy

TAFCUB

Task Force for Urban Cooperative Bank

TFCI

Tourism Finance Corporation of India

UBB

Uniform Balance Book

UCB

Urban Cooperative Bank

UCC

Unsolicited Commercial Communication

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

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

WCTL

Working Capital Term Loan

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

YTM

Yield to Maturity