AD

Authorised Dealer

ADR

American Depository Receipt

AFS

Available For Sale

AICCCA

Association of Independent

Consumer Credit Counselling

Agencies

AIFI

All-India Financial Institution

ALD

Aggregate Liabilities to the Depositor

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 Plans

BCSBI

Banking Codes and Standards

Boards 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

BR Act, 1949

Banking Regulation Act, 1949

BR Act, 1949

Banking Regulation Act, 1949 (as

(aACS)

Applicable to Co-operative Societies)

BSE

Stock Exchange, Mumbai

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

CCC

Credit Counselling Canada

CCCS

Consumer Credit Counselling Service

CCDM

Credit Counselling and Debt Management

CCIL

Clearing Corporation of India Ltd.

CCP

Central Counter Party

CCS

Co-operative Credit Society

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

CP

Commercial Paper

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

CSOs

Civil Society Organisations

CTR

Cash Transaction Report

CTS

Cheque Truncation System

CVC

Central Vigilance Commission

DAP

Development Action Plan

DCCB

District Central Co-operative Bank

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

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 Payments

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 Fledged Money Changer

FI

Financial Institution

FIIs

Financial Institutional Investments

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 Market 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 Products

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

HRD

Human Resource Development

HTM

Held To Maturity

IADI

International Association of Deposit

Insurers

IBS

International Banking Statistics

ICAI

Institute of Chartered Accountants of

India

ICCOMS

Integrated Currency Chest Operations

& Management System

IDBI

Industrial Development Bank of

India

IDFC

Infrastructure Development Finance

Company

IDRBT

Institute for Development and

Research in Banking Technology

IFC

International Finance Corporation

IFR

Investment Fluctuation Reserve

IFSC

Indian Financial System Code

IIP

Index of Industrial Production

IMD

India Millennium Deposit

IMGC

Indian Mortgage Guarantee Company

INFINET

Indian Financial Network

IPA

Issuing and Payment Agent

IPDI

Innovative Perpetual Debt Instrument

IPO

Initial Public Offering

IRB

Internal Rating Based

IRDA

Insurance Regulatory and

Development Authority

IRS

Interest Rate Swap

IS

Information System

IT

Information Technology

ITGGSM

Internal Technical Group on

Government Securities Market

JPC

Joint Parliamentary Committee

KCC

Kisan Credit Card

KVIB

Khadi and Village Industries Commission

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

LME

London Metal Exchange

LOLR

Lender of Last Resort

LTCCI

Long-term Rural Co-operative Credit

Institutions

LTCCS

Long-Term Co-operative Credit Structure

M3

Broad Money

MAP

Monitorable Action Plan

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

MoU

Memorandum of Understanding

MSS

Market Stabilisation Scheme

NABARD

National Bank for Agriculture and Rural

Development

NAFCUB

National Federation of Urban Co-

operative Banks & Credit Societies

Ltd.

NAFSCOB

National Federation of State Co -

operative Banks Ltd.

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

Counselling

NFGBC

Non-food Gross Bank Credit

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

NRO

Non-Resident Ordinary

NSE

National Stock Exchange

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

ORFS

On-line Returns Filing System

OSMOS

Off-Site Monitoring and Surveillance

System

OSS

Off-site Surveillance System

OTC

Over the Counter

PACS

Primary Agricultural Credit Society

PAIS

Personal Accident Insurance Scheme

PCARDB

Primary Co-operative Agriculture and

Rural Development Bank

PD

Primary Dealer

PDS

Public Distribution System

PIO

Principal Inspection Officer

PKI

Public Key Infrastructure

PLR

Prime Lending Rate

PMLA

Prevention of Money Laundering Act

PMRY

Prime Minister Rojgar Yojna

PPP

Public Private Partnership

PSB

Public Sector Bank

PSE

Public Sector Enterprise

QIS

Quantitative Impact Study

RBI Act, 1934

Reserve Bank of India Act, 1934

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

SARS

Severe Acute Respiratory Syndrome

SCARDB

State Co-operative Agriculture 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

Swarna 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

ST

Scheduled Tribe

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

SWIFT

Society for Worldwide Financial

Telecommunication

TAFCUB

Task Force for Co-operative Urban

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

VSATs

Very Small Aperture Terminal

WADR

Weighted Average Discount Rate

WGRFIS

Working Group on Future Role of

Financial Institutions

WPI

Wholesale Price Index