List Of AbbreviationsABCI - Association of Business Communicatorsof IndiaABCP - Asset Backed Commercial PaperACU - Asian Clearing UnionADB - Asian Development BankADF - Augmented Dicky FullerADR - Asset Development ReserveADRs - American Depository ReceiptsADs - Authorised DealersAERA - Airport Economic Regulatory ActAFI - Annual Financial InspectionAIFI - All India Financial InstitutionAIMSCS - Advanced Institute of Mathematics, Statistics and Computer ScienceALM - Asset Liability ManagementAMA - Advanced Measurement ApproachAMFI - Association of Mutual Funds in IndiaAML - Anti-Money LaunderingAMU - Asian Monetary UnitANBC - Adjusted Net Bank CreditAPS - Annual Policy StatementAS - Accounting StandardATM - Automated Teller MachineBAFT - Bankers’ Association for Finance & TradeBC - Business CorrespondentBCBS - Basel Committee on Banking SupervisionBCP - Business Continuity PlanningBCSBI - Banking Codes and Standards Board of IndiaBE - Budget EstimatesBF - Business FacilitatorBFS - Board for Financial SupervisionBFSI - Banking Financial Services and InsuranceBIS - Bank for International SettlementsBMP - Basic Management ProgrammeBoP - Balance of PaymentsBPLR - Benchmark Prime Lending RateBPSS - Board for Regulation and Supervision of Payment and Settlement SystemsBRBNMPL - Bharatiya Reserve Bank Note Mudran Private LimitedBSA - Bilateral Swap ArrangementsBSE - Bombay Stock Exchange, MumbaiBSR - Basic Statistical ReturnsBTC - Bankers’ Training CollegeCA - Concurrent AuditCAB - College of Agricultural BankingCACP - Commission for Agricultural Costs andPricesCAD - Current Account Deficit

CAMELS - Capital Adquacy, Asset Quality,Management, Earnings, Liquidity,Systems and ControlCAS - Central Account SectionCBDT - Central Board of Direct TaxesCBLO - Collateralised Borrowing and Lending ObligationCBS - Consolidated Banking StatisticsCBS - Core Banking SolutionsCC - Cubic CapacityCCB - Central Co-operative BankCCC - Central Complaints CommitteeCCIL - Clearing Corporation of India LimitedCCR - Counterfeit Currency ReportCCRS - Currency Chest Reporting SystemCD - Certificate of DepositC-D - Currency-DepositCDBMS - Centralised Data Base Management SystemCDOs - Collateralised Debt ObligationsCDR - Corporate Debt RestructuringCDS - Credit Default SwapCENVAT - Central Value Added TaxCFMS - Centralised Funds Management SystemCFSA - Committee on Financial Sector AssessmentCFT - Combating Financing of TerrorismCGFTMSE - Credit Guarantee Fund Trust for Micro and Small EnterprisesCGRA - Currency & Gold Revaluation AccountCIC - Central Information CommissionCICs - Credit Information CompaniesCIS - Commonwealth of Independent StatesCMCPS - Compulsorily and Mandatorily Convertible Preference SharesCMIS - Currency Management Information SystemCoBoSAC - Corporate Bonds and Securitisation Advisory CommitteeCODs - Central Office DepartmentsCoR - Certificate of RegistrationCP - Commercial PaperCPADS - Centralised Public Accounts DepartmentSystemCPC - Cheque Processing CentreCPDO - Centralised Public Debt OfficeCPFF - Commercial Paper Funding FacilityCPI - Consumer Price IndexCPI-AL - Consumer Price Index- Agricultural LabourersCPI-RL - Consumer Price Index-Rural LabourersCPI-IW - Consumer Price Index for IndustrialWorkersCPIO - Central Public Information OfficerCPIs - Consumer Price IndicesCPMG - Corporate Performance Monitoring

GroupCPPC - Central Pension Payment CellCPSEs - Central Public Sector EnterprisesCR - Contingency ReserveCRAR - Capital to Risk-Weighted Assets RatioCRCS - Central Registar of Co-operativeSocietiesCRR - Cash Reserve RatioCSAA - Control Self Assessment AuditCSD - Customer Services DepartmentCSF - Consolidated Sinking FundCSGL - Constituant Subsidiary General LedgerCSO - Central Statistical OrganisationCTR - Cash Transaction ReceiptCTS - Cheque Truncation SystemCTS - Complaint Tracking SystemCVD - Countervailing DutyCVPS - Currency Verification and ProcessingSystemCWC - Central Water CommissionDAD - Deposit Accounts DepartmentDAP - District Agricultural PlanDAPM - Department of Administration andPersonnel ManagementDBOD - Department of Banking Operations andDevelopmentDBS - Department of Banking SupervisionDCC - District Consultative CommitteeDCCB - District Central Cooperative BankDCM - Department of Currency ManagementDEAP - Department of Economic Analysis andPolicyDEBC - Department of Expenditure andBudgetary ControlDEIO - Department of External Investments andOperationsDEPB - Duty Entitlement Pass BookDGBA - Department of Government and BankAccountsLIST OF ABBREVIATIONSxviiDGCI & S - Directorate General of CommercialIntelligence and StatisticsDIC - District Industries CentreDICGC - Deposit Insurance and Credit GuaranteeCorporationDIP - Disclosure and Investor Protection

DIT - Department of Information TechnologyDMIS - Document Management InformationSystemDNBS - Department of Non-Banking SupervisionDOC - Department of CommunicationDoT - Department of TelecommunicationDRG - Development Research GroupDRI - Differential Rate of InterestDRT - Debt Recovery TribunalDS - Difference StationaryDSB - Designated Settlement BanksDSIM - Department of Statistics and InformationManagementDvP - Delivery versus PaymentEACB - European Association of Co-operativeBanksEBT - Electronic Benefit TransferECB - European Central BankECBs - External Commercial BorrowingsECGC - Export Credit Guarantee CorporationECR - Export Credit RefinanceECS - Electronic Clearing ServicesEEA - Exchange Equalisation AccountEEFC - Exchange Earners’ Foreign CurrencyEFT - Electronic Funds TransferEMEs - Emerging Market EconomiesEOU - Export Oriented UnitEPCG - Export Promotion Capital GoodsESOS - Employees Stock Option SchemeEU - European UnionEXIM Bank - Export Import BankFAO - Food & Agriculture OrganisationFAQs - Frequently Asked QuestionsFATF - Financial Action Task ForceFBT - Fringe Benefit TaxFC - Financial ConglomerateFCAs - Foreign Currency AssetsFCCB - Foreign Currency Convertible BondFCI - Food Corporation of IndiaFCNR(B) - Foreign Currency Non-Resident (Banks)FDI - Foreign Direct InvestmentFED - Foreign Exchange DepartmentFEDAI - Foreign Exchange Dealers’ Associationof IndiaFI - Financial InstitutionsFIEO - Federation of Indian ExportOrganisation

FIIs - Foreign Institutional InvestorsFIPB - Foreign Investment Promotion BoardFITL - Funded Interest Term LoanFIU-IND - Financial Intelligence Unit-IndiaFLCCs - Financial Literacy and Credit CounselingCentresFMCG - Fast Moving Consumer GoodsFMD - Financial Markets DepartmentFOF - Flow of FundsFPS - Focus Product SchemeFRBM - Fiscal Responsibility and BudgetManagementFRBs - Floating Rate BondsFRL - Full Reservoir LevelFRLs - Fiscal Responsibility LegislationsFSB - Financial Stability BoardFSF - Financial Stability ForumLIST OF ABBREVIATIONSxviiiFST - Financial Sector TechnologyFVCIs - Foreign Venture Capital InvestorsGCC - Gulf Cooperation CouncilGCCs - General-purpose Credit CardsGDP - Gross Domestic ProductGDRs - Global Depository ReceiptsGFCE - Government Financial ConsumptionExpenditureGFD - Gross Fiscal DeficitGFSR - Global Financial Stability ReportGIPSA - General Insurer’s (Public Sector)Association of IndiaGoI - Government of IndiaGRF - Guarantee Redemption FundGSDP - Gross State Domestic ProductGST - Goods and Services TaxHFCs - Housing Finance CompaniesHLAC - High Level Advisory CommitteeHLCCFM - High Level Coordination Committee onFinancial MarketsHLG - High Level GroupHR - Human ResourcesHRDD - Human Resources DevelopmentDepartmentHRMS - Human Resources ManagementSystemHSUI - Housing Start Up IndexHTM - Held-to-Maturity

IAS - Integrated Accounting SystemsIASC - Inspection and Audit Sub-CommitteeIBA - Indian Banks’ AssociationICAC - International Cotton AdvisoryCommitteeICAI - Institute of Chartered Accountants ofIndiaICAR - Indian Council for Agricultural ResearchICCOMS - Integrated Computerised CurrencyOperations and Management SystemICT - Information and CommunicationTechnologyIDMD - Internal Debt Management DepartmentIDR - Indian Depository ReceiptIDRBT - Institute for Development & Research inBanking TechnologyIEM - Industrial Entrepreneurs MemorandaIES - Integrated Establishment SystemIGIDR - Indira Gandhi Institute of DevelopmentResearchIIA - Institute of Internal AuditorsIIBM - Indian Institute of Bank ManagementIIFCL - India Infrastructure Finance CompanyLimitedIIFT - Indian Institute of Foreign TradeIIP - Index of Industrial ProductionILO - International Labour OrganisationIMA - Internal Models ApproachIMD - India Millennium DepositsIMD - India Meteorological DepartmentIMF - International Monetary FundIMFC - International Monetary and FinancialCommitteeIODP - Integrated Officers DevelopmentProgrammesIPAs - Issuing and Paying AgentsIPCC - Inter-Govermental Panel on ClimateChangeIPCs - Irrevocable Payment CommitmentsIPDIs - Innovative Perpetual Debt InstrumentsIPOs - Initial Public OfferingsIP-RR - Interest Payment - Revenue ReceiptIRB - Internal Ratings-BasedIRDA - Insurance Regulatory and DevelopmentAuthorityLIST OF ABBREVIATIONSxix

IRFs - Interest Rate FuturesISA - Information Systems AuditISACA - Information Systems Audit and ControlAssessmentISMS - Information Security ManagementSystemISO - International Organisation forStandardisationIT - Information TechnologyIT-BPO - Information Technology - BusinessProcess OutsourcingITEs - Intra-Group Transactions and ExposuresIWMP - Integrated Watershed ManagementProgrammeJLG - Joint Liability GroupJNNURM - Jawaharlal Nehru National UrbanRenewal MissionKCCs - Kisan Credit CardsKVIBs - Khadi and Village Industries BoardsKVIC - Khadi and Village IndustriesCommissionKYC - Know Your CustomerLAF - Liquidity Adjustment FacilityLB - Lowest daily outstanding BalanceLCD - Liquid Crystal DisplayLIBOR - London Inter-Bank Offer RateLOI - Letter of IntentLPA - Long Period AverageMASI - Management Audit Systems InspectionMAT - Minimum Alternate TaxMCA - Ministry of Corporate AffairsMBS - Mortgage Backed SecuritiesMF - Mutual FundsMFDEF - Micro Finance Development and EquityFundMFDF - Micro Finance Development FundMFI - Micro Finance InstitutionMICR - Magnetic Ink Character RecognitionMMA - Macro Management of AgricultureMMBCS - Magnetic Media Based Clearing SystemMMMFs - Money Market Mutual FundsMMS - Multi Modal SettlementsMODVAT - Modified Value Added TaxMoU - Memorandum of UnderstandingMPD - Monetary Policy DepartmentMPI - Macro-Prudential IndicatorsMPLS - Multi Protocol Label Switching

MSE-CDP - Micro and Small Enterprises ClusterDevelopment ProgrammeMSEs - Micro and Small EnterprisesMSMEs - Micro, Small and Medium EnterprisesMSOE - Minimum Standards of OperationalEfficiencyMSP - Minimum Support PriceMSS - Market Stabilisation SchemeMTM - Mark-to-MarketNAB - New Arrangement to BorrowNABARD - National Bank for Agriculture and RuralDevelopmentNASSCOM - National Association of Software andServices CompaniesNAV - Net Asset ValueNBFCs - Non-Banking Financial CompaniesNBFC-D - Deposit taking NBFCNBFC-ND - Non-deposit taking NBFCNBFC-ND-SI - Systemically Important Non-deposittaking NBFCNCR - National Capital RegionNBO - National Building OrganisationNDA - Net Domestic AssetNDS - Negotiated Dealing SystemsNDS - OM - Negotiated Dealing System - OrderMatchingNDTL - Net Demand and Time LiabilityLIST OF ABBREVIATIONSxxNECS - National Electronic Clearing SystemNEFT - National Electronic Funds TransferNFS - National Financial SwitchNFA - Net Foreign AssetsNFSM - National Food Security MissionNGO - Non-Government OrganisationNHB - National Housing BankNIBM - National Institute of Bank ManagementNIC - National Informatics CentreNIF - National Investment FundNIMSME - National Institute for Micro, Small andMedium EnterprisesNIPFP - National Institute of Public Finance andPolicyNOC - No Objection CertificateNOF - Net Owned FundsNPAs - Non-Performing AssetsNPCI - National Payments Corporation of India

NPS - New Pension SchemeNRAA - National Rain Fed Area AuthorityNREGS - National Rural Employment GuaranteeSchemeNR(E)RA - Non-Resident (External) Rupee AccountNRI - Non-Resident IndianNRRDA - National Rural Road DevelopmentAgencyNSE - National Stock ExchangeNSM - Note Sorting MachineNSSF - National Small Saving FundNSSO - National Sample Survey OrganisationOBCs - Other Backward ClasssOBE - Off- Balance Sheet ExposuresOD - OverdraftOECD - Organisation for Economic Co-operationand DevelopmentODI - Offshore Derivative InstrumentsOLTAS - Online Tax Accounting SystemOMO - Open Market OperationOMS - Open Market SalesOPEC - Organisation for Petroleum ExportingCountriesORFS - Online Returns Filing SystemOSMOS - Off-Site Monitoring and SurveillanceOTC - Over-the-CounterOTS - One-Time SettlementPACS - Primary Agricultural Credit SocityPAD - Public Accounts DepartmentPAN - Permanent Account NumberPCA - Prompt Corrective ActionPCPS - Perpetual Cumulative PreferenceSharesPDs - Primary DealersPDI - Perpetual Debt InstrumentsPDO - Public Debt OfficePDO-NDS - Public Debt Office - Negotiated DealingSystemPDS - Public Distribution SystemPE - Private EquityPFCE - Private Final Consumption ExpenditurePFRDA - Pension Fund Regulatory andDevelopment AuthorityPGPBF - Post Graduate Programme in Banking &FinancePIT - Personal Income TaxPMEGP - Prime Minister Employment Generation

ProgrammePMLA - Prevention of Money Laundering ActPMRY - Prime Minister’s Rojgar YojanaPNCPs - Perpetual Non-Cumulative PreferenceSharesPOL - Petroleum, Oil and LubricantsPPP - Public Private PartnershipPSBs - Public Sector BanksLIST OF ABBREVIATIONSxxiPSS Act - Payment & Settlement Systems ActPSUs - Public Sector UndertakingsQCBS - Quality and Cost Based SelectionQIB - Qualified Institutional BuyerQIP - Qualified Institutional PlacementQMS - Quality Management SystemR&D - Research & DevelopmentRBIA - Risk Based Internal AuditRBSC - Reserve Bank Staff CollegeRCs - Reconstruction CompaniesRCC - Regional Complaints CommitteeRCS - Registar of Co-operative SocietiesRE - Revised EstimatesREER - Real Effective Exchange RateREGP - Rural Employment Generation ProgrammeRIDF - Rural Infrastructure Development FundRKVY - Rashtriya Krishi Vikas YojanaRNCPS - Redeemable Non-CumulativePreference SharesRoA - Return on AssetsROE - Return on EquityROSC - Report on Observance of Standardsand CodesRPCD - Rural Planning and Credit DepartmentRRBs - Regional Rural BanksRTGS - Real Time Gross SettlementRTI - Right to InformationRTP - Reserve Tranche PositionSAARC - South Asian Association for RegionalCo-operationSACPs - Special Agricultural Credit PlansSAD - Single Administrative DocumentSDDS - Special Data Dissemination StandardsSAMIS - Service Area Monitoring and InformationSystemSAP - State Agricultural PlanSARFAESI - Securitisation and Reconstruction of

Financial Assets and Enforcement ofSecurity InterestSBI - State Bank of IndiaSC - Scheduled CasteSCs - Securitisation CompaniesSCB - Scheduled Commercial BankSDLs - State Development LoansSDR - Special Drawing RightsSEBI - Securities and Exchange Board of IndiaSEZs - Special Economic ZonesSFCs - State Finance CorporationsSFMS - Structured Financial Messaging SystemSFURTI - Scheme for Fund for Regeneration ofTraditional IndustriesSGL - Subsidiary General LedgerSHGs - Self-Help GroupsSIDBI - Small Industries Development Bank ofIndiaSIFI - Systemically Important FinancialIntermediariesSIPS - Systemically Important Payment SystemSITP - Scheme for Integrated Textile ParksSIVs - Structured Investment VehiclesSLAF - Second Liquidity Adjustment FacilitySLA(IC) - Sundry Liabilities Account (InterestCapitalisation)SLB - Securities Lending and BorrowingSLBC - State Level Bankers’ CommitteeSLR - Statutory Liquidity RatioSMEs - Small and Medium EnterprisesSMO - Special Market OperationsSPMCIL - Security Printing and MintingCorporation of India Ltd.SPV - Special Purpose VehicleLIST OF ABBREVIATIONSxxiiSREP - Supervisory Review and EvaluationProcessSRMS - Self Employment Scheme forRehabilitation of Manual ScavangersSSS - Securities Settlement SystemST - Scheduled TribeStCB - State Co-operative BankSTCRC - Short-Term Co-operative Rural CreditSTOs - State Treasury OfficesSTR - Suspicious Transaction ReportSTRIPS - Separate Trading for Registered Interest

and Principal of SecuritiesTAC - Technical Advisory CommitteeTAFCUBs - Task Force for Urban Co-operativeBanksTAG - Technical Advisory GroupTALF - Term Asset-Backed Securities LoanFacilityTFC - Twelfth Finance CommissionTFCI - Tourism Finance Corporation of IndiaTFP - Total Factor ProductivityTFTS - Trade for Trade SettlementTIN - Tax Information NetworkTMSM - Training Methods and Skills forManagersTMT - Thermo Mechanically TreatedToRs - Terms of ReferencesTS - Trend StationaryTUFS - Technology Upgraded Fund SchemeUBD - Urban Banks DepartmentUCBs - Urban Cooperative BanksUCNs - Uniform Code NumbersUNDP - United Nations DevelopementProgrammeUNICO - Umbrella Organisation for LargeCooperative Banks in EuropeUNDP - United Nations DevelopmentProgrammeUNIDO - United Nations Industrial DevelopmentOrganisationUNME - Urban Non-Manual EmployeesUTs - Union TerritoriesVAR - Vector AutoregressionVaR - Value at RiskVKGUY - Vishesh Krishi Gram Udyog YojanaVPN - Virtual Private NetworkWADR - Weighted Average Discount RateWEO - World Economic OutlookWMA - Ways and Means AdvancesWPI - Wholesale Price IndexWSS - Weekly Statistical SupplementWTO - World Trade OrganisationXBRL - eXtensible Business ReportingLanguageXML - Extensible Markup LanguageY-o-Y - Year-on-YearZTC - Zonal Training Centre