LIST OF ABBREVIATIONS IN BANKING

ABCI - Association of Business Communicators BMP - Basic Management Programme

of India
BoP - Balance of Payments
ABCP - Asset Backed Commercial Paper
BPLR - Benchmark Prime Lending Rate
ACU - Asian Clearing Union
BPSS - Board for Regulation and Supervision of
ADB - Asian Development Bank Payment and Settlement Systems

ADF - Augmented Dicky Fuller BRBNMPL - Bharatiya Reserve Bank Note Mudran
Private Limited
ADR - Asset Development Reserve
BSA - Bilateral Swap Arrangements
ADRs - American Depository Receipts
BSE - Bombay Stock Exchange, Mumbai
ADs - Authorised Dealers
BSR - Basic Statistical Returns
AERA - Airport Economic Regulatory Act
BTC - Bankers’ Training College
AFI - Annual Financial Inspection
CA - Concurrent Audit
AIFI - All India Financial Institution
CAB - College of Agricultural Banking
AIMSCS - Advanced Institute of Mathematics,
CACP - Commission for Agricultural Costs and
Statistics and Computer Science
Prices
ALM - Asset Liability Management CAD - Current Account Deficit
AMA - Advanced Measurement Approach CAMELS - Capital Adquacy, Asset Quality,
Management, Earnings, Liquidity,
AMFI - Association of Mutual Funds in India
Systems and Control
AML - Anti-Money Laundering
CAS - Central Account Section
AMU - Asian Monetary Unit
CBDT - Central Board of Direct Taxes
ANBC - Adjusted Net Bank Credit
CBLO - Collateralised Borrowing and Lending
APS - Annual Policy Statement Obligation

AS - Accounting Standard CBS - Consolidated Banking Statistics

CBS - Core Banking Solutions

ATM - Automated Teller Machine
CC - Cubic Capacity
BAFT - Bankers’ Association for Finance &
Trade CCB - Central Co-operative Bank
BC - Business Correspondent CCC - Central Complaints Committee
BCBS - Basel Committee on Banking Supervision CCIL - Clearing Corporation of India Limited

BCP - Business Continuity Planning CCR - Counterfeit Currency Report

BCSBI - Banking Codes and Standards Board of CCRS - Currency Chest Reporting System
India
CD - Certificate of Deposit
BE - Budget Estimates
C-D - Currency-Deposit
BF - Business Facilitator
CDBMS - Centralised Data Base Management
BFS - Board for Financial Supervision System

BFSI - Banking Financial Services and Insurance CDOs - Collateralised Debt Obligations

BIS - Bank for International Settlements CDR - Corporate Debt Restructuring

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 LIST OF ABBREVIATIONS

CDS - Credit Default Swap CPSEs - Central Public Sector Enterprises

CENVAT - Central Value Added Tax CR - Contingency Reserve

CFMS - Centralised Funds Management System CRAR - Capital to Risk-Weighted Assets Ratio

CFSA - Committee on Financial Sector CRCS - Central Registar of Co-operative

Assessment Societies

CFT - Combating Financing of Terrorism CRR - Cash Reserve Ratio

CGFTMSE - Credit Guarantee Fund Trust for Micro CSAA - Control Self Assessment Audit
and Small Enterprises
CSD - Customer Services Department
CGRA - Currency & Gold Revaluation Account
CSF - Consolidated Sinking Fund
CIC - Central Information Commission
CSGL - Constituant Subsidiary General Ledger
CICs - Credit Information Companies
CSO - Central Statistical Organisation
CIS - Commonwealth of Independent States
CTR - Cash Transaction Receipt
CMCPS - Compulsorily and Mandatorily
Convertible Preference Shares CTS - Cheque Truncation System

CMIS - Currency Management Information CTS - Complaint Tracking System

System
CVD - Countervailing Duty
CoBoSAC - Corporate Bonds and Securitisation
CVPS - Currency Verification and Processing
Advisory Committee
System
CODs - Central Office Departments
CWC - Central Water Commission
CoR - Certificate of Registration
DAD - Deposit Accounts Department
CP - Commercial Paper
DAP - District Agricultural Plan
CPADS - Centralised Public Accounts Department
DAPM - Department of Administration and
System
Personnel Management
CPC - Cheque Processing Centre
DBOD - Department of Banking Operations and
CPDO - Centralised Public Debt Office Development

CPFF - Commercial Paper Funding Facility DBS - Department of Banking Supervision

CPI - Consumer Price Index DCC - District Consultative Committee

CPI-AL - Consumer Price Index- DCCB - District Central Cooperative Bank

Agricultural Labourers
DCM - Department of Currency Management
CPI-RL - Consumer Price Index-
DEAP - Department of Economic Analysis and
Rural Labourers
Policy
CPI-IW - Consumer Price Index for Industrial
DEBC - Department of Expenditure and
Workers
Budgetary Control
CPIO - Central Public Information Officer
DEIO - Department of External Investments and
CPIs - Consumer Price Indices Operations

CPMG - Corporate Performance Monitoring DEPB - Duty Entitlement Pass Book

Group
DGBA - Department of Government and Bank
CPPC - Central Pension Payment Cell Accounts

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 LIST OF ABBREVIATIONS

DGCI & S - Directorate General of Commercial EU - European Union

Intelligence and Statistics
EXIM Bank - Export Import Bank
DIC - District Industries Centre
FAO - Food & Agriculture Organisation
DICGC - Deposit Insurance and Credit Guarantee
Corporation FAQs - Frequently Asked Questions

DIP - Disclosure and Investor Protection FATF - Financial Action Task Force

DIT - Department of Information Technology FBT - Fringe Benefit Tax

FC - Financial Conglomerate
DMIS - Document Management Information
System FCAs - Foreign Currency Assets
DNBS - Department of Non-Banking Supervision FCCB - Foreign Currency Convertible Bond
DOC - Department of Communication FCI - Food Corporation of India
DoT - Department of Telecommunication FCNR(B) - Foreign Currency Non-Resident (Banks)
DRG - Development Research Group FDI - Foreign Direct Investment
DRI - Differential Rate of Interest FED - Foreign Exchange Department
DRT - Debt Recovery Tribunal FEDAI - Foreign Exchange Dealers’ Association
of India
DS - Difference Stationary
FI - Financial Institutions
DSB - Designated Settlement Banks
FIEO - Federation of Indian Export
DSIM - Department of Statistics and Information Organisation
Management
FIIs - Foreign Institutional Investors
DvP - Delivery versus Payment
FIPB - Foreign Investment Promotion Board
EACB - European Association of Co-operative
Banks FITL - Funded Interest Term Loan

EBT - Electronic Benefit Transfer FIU-IND - Financial Intelligence Unit-India

ECB - European Central Bank FLCCs - Financial Literacy and Credit Counseling
Centres
ECBs - External Commercial Borrowings
FMCG - Fast Moving Consumer Goods
ECGC - Export Credit Guarantee Corporation
FMD - Financial Markets Department
ECR - Export Credit Refinance
FOF - Flow of Funds
ECS - Electronic Clearing Services
FPS - Focus Product Scheme
EEA - Exchange Equalisation Account
FRBM - Fiscal Responsibility and Budget
EEFC - Exchange Earners’ Foreign Currency Management

EFT - Electronic Funds Transfer FRBs - Floating Rate Bonds

EMEs - Emerging Market Economies FRL - Full Reservoir Level

EOU - Export Oriented Unit FRLs - Fiscal Responsibility Legislations

EPCG - Export Promotion Capital Goods FSB - Financial Stability Board

ESOS - Employees Stock Option Scheme FSF - Financial Stability Forum

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 LIST OF ABBREVIATIONS

FST - Financial Sector Technology ICCOMS - Integrated Computerised Currency

Operations and Management System
FVCIs - Foreign Venture Capital Investors
ICT - Information and Communication
GCC - Gulf Cooperation Council Technology
GCCs - General-purpose Credit Cards IDMD - Internal Debt Management Department
GDP - Gross Domestic Product IDR - Indian Depository Receipt
GDRs - Global Depository Receipts IDRBT - Institute for Development & Research in
Banking Technology
GFCE - Government Financial Consumption
Expenditure IEM - Industrial Entrepreneurs Memoranda
GFD - Gross Fiscal Deficit IES - Integrated Establishment System
GFSR - Global Financial Stability Report IGIDR - Indira Gandhi Institute of Development
Research
GIPSA - General Insurer’s (Public Sector)
Association of India IIA - Institute of Internal Auditors
GoI - Government of India IIBM - Indian Institute of Bank Management
GRF - Guarantee Redemption Fund IIFCL - India Infrastructure Finance Company
Limited
GSDP - Gross State Domestic Product
IIFT - Indian Institute of Foreign Trade
GST - Goods and Services Tax
IIP - Index of Industrial Production
HFCs - Housing Finance Companies
ILO - International Labour Organisation
HLAC - High Level Advisory Committee
IMA - Internal Models Approach
HLCCFM - High Level Coordination Committee on
Financial Markets IMD - India Millennium Deposits
HLG - High Level Group IMD - India Meteorological Department
HR - Human Resources IMF - International Monetary Fund
HRDD - Human Resources Development IMFC - International Monetary and Financial
Department Committee

HRMS - Human Resources Management IODP - Integrated Officers Development

System Programmes

HSUI - Housing Start Up Index IPAs - Issuing and Paying Agents

HTM - Held-to-Maturity IPCC - Inter-Govermental Panel on Climate

Change
IAS - Integrated Accounting Systems
IPCs - Irrevocable Payment Commitments
IASC - Inspection and Audit Sub-Committee
IPDIs - Innovative Perpetual Debt Instruments
IBA - Indian Banks’ Association
IPOs - Initial Public Offerings
ICAC - International Cotton Advisory
Committee IP-RR - Interest Payment - Revenue Receipt

ICAI - Institute of Chartered Accountants of IRB - Internal Ratings-Based

India
IRDA - Insurance Regulatory and Development
ICAR - Indian Council for Agricultural Research Authority

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 LIST OF ABBREVIATIONS

IRFs - Interest Rate Futures MMA - Macro Management of Agriculture

ISA - Information Systems Audit MMBCS - Magnetic Media Based Clearing System

ISACA - Information Systems Audit and Control MMMFs - Money Market Mutual Funds
Assessment
MMS - Multi Modal Settlements
ISMS - Information Security Management
System MODVAT - Modified Value Added Tax

ISO - International Organisation for MoU - Memorandum of Understanding

Standardisation
MPD - Monetary Policy Department
IT - Information Technology
MPI - Macro-Prudential Indicators
IT-BPO - Information Technology - Business
Process Outsourcing MPLS - Multi Protocol Label Switching

ITEs - Intra-Group Transactions and Exposures MSE-CDP - Micro and Small Enterprises Cluster
Development Programme
IWMP - Integrated Watershed Management
Programme MSEs - Micro and Small Enterprises

JLG - Joint Liability Group MSMEs - Micro, Small and Medium Enterprises

JNNURM - Jawaharlal Nehru National Urban MSOE - Minimum Standards of Operational

Renewal Mission Efficiency
KCCs - Kisan Credit Cards MSP - Minimum Support Price
KVIBs - Khadi and Village Industries Boards MSS - Market Stabilisation Scheme
KVIC - Khadi and Village Industries MTM - Mark-to-Market
Commission
NAB - New Arrangement to Borrow
KYC - Know Your Customer
NABARD - National Bank for Agriculture and Rural
LAF - Liquidity Adjustment Facility
Development
LB - Lowest daily outstanding Balance
NASSCOM - National Association of Software and
LCD - Liquid Crystal Display Services Companies

LIBOR - London Inter-Bank Offer Rate NAV - Net Asset Value

LOI - Letter of Intent NBFCs - Non-Banking Financial Companies

LPA - Long Period Average NBFC-D - Deposit taking NBFC

MASI - Management Audit Systems Inspection NBFC-ND - Non-deposit taking NBFC
MAT - Minimum Alternate Tax NBFC-ND-SI - Systemically Important Non-deposit
taking NBFC
MCA - Ministry of Corporate Affairs

MBS - Mortgage Backed Securities NCR - National Capital Region

MF - Mutual Funds NBO - National Building Organisation

MFDEF - Micro Finance Development and Equity NDA - Net Domestic Asset
Fund
NDS - Negotiated Dealing Systems
MFDF - Micro Finance Development Fund
NDS - OM - Negotiated Dealing System - Order
MFI - Micro Finance Institution Matching

MICR - Magnetic Ink Character Recognition NDTL - Net Demand and Time Liability

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 LIST OF ABBREVIATIONS

NECS - National Electronic Clearing System OLTAS - Online Tax Accounting System

NEFT - National Electronic Funds Transfer OMO - Open Market Operation

NFS - National Financial Switch OMS - Open Market Sales

NFA - Net Foreign Assets OPEC - Organisation for Petroleum Exporting

Countries
NFSM - National Food Security Mission
ORFS - Online Returns Filing System
NGO - Non-Government Organisation
OSMOS - Off-Site Monitoring and Surveillance
NHB - National Housing Bank
OTC - Over-the-Counter
NIBM - National Institute of Bank Management
OTS - One-Time Settlement
NIC - National Informatics Centre
PACS - Primary Agricultural Credit Socity
NIF - National Investment Fund
PAD - Public Accounts Department
NIMSME - National Institute for Micro, Small and
Medium Enterprises PAN - Permanent Account Number

NIPFP - National Institute of Public Finance and PCA - Prompt Corrective Action
Policy
PCPS - Perpetual Cumulative Preference
NOC - No Objection Certificate Shares

NOF - Net Owned Funds PDs - Primary Dealers

NPAs - Non-Performing Assets PDI - Perpetual Debt Instruments

NPCI - National Payments Corporation of India PDO - Public Debt Office

NPS - New Pension Scheme PDO-NDS - Public Debt Office - Negotiated Dealing
System
NRAA - National Rain Fed Area Authority
PDS - Public Distribution System
NREGS - National Rural Employment Guarantee
Scheme PE - Private Equity

NR(E)RA - Non-Resident (External) Rupee Account PFCE - Private Final Consumption Expenditure

NRI - Non-Resident Indian PFRDA - Pension Fund Regulatory and

Development Authority
NRRDA - National Rural Road Development
Agency PGPBF - Post Graduate Programme in Banking &
Finance
NSE - National Stock Exchange
PIT - Personal Income Tax
NSM - Note Sorting Machine
PMEGP - Prime Minister Employment Generation
NSSF - National Small Saving Fund Programme
NSSO - National Sample Survey Organisation PMLA - Prevention of Money Laundering Act
OBCs - Other Backward Classs PMRY - Prime Minister’s Rojgar Yojana
OBE - Off- Balance Sheet Exposures PNCPs - Perpetual Non-Cumulative Preference
Shares
OD - Overdraft
POL - Petroleum, Oil and Lubricants
OECD - Organisation for Economic Co-operation
and Development PPP - Public Private Partnership

ODI - Offshore Derivative Instruments PSBs - Public Sector Banks

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 LIST OF ABBREVIATIONS

PSS Act - Payment & Settlement Systems Act SAP - State Agricultural Plan

PSUs - Public Sector Undertakings SARFAESI - Securitisation and Reconstruction of

Financial Assets and Enforcement of
QCBS - Quality and Cost Based Selection Security Interest
QIB - Qualified Institutional Buyer SBI - State Bank of India
QIP - Qualified Institutional Placement SC - Scheduled Caste
QMS - Quality Management System SCs - Securitisation Companies
R&D - Research & Development
SCB - Scheduled Commercial Bank
RBIA - Risk Based Internal Audit
SDLs - State Development Loans
RBSC - Reserve Bank Staff College
SDR - Special Drawing Rights
RCs - Reconstruction Companies
SEBI - Securities and Exchange Board of India
RCC - Regional Complaints Committee
SEZs - Special Economic Zones
RCS - Registar of Co-operative Societies
SFCs - State Finance Corporations
RE - Revised Estimates
SFMS - Structured Financial Messaging System
REER - Real Effective Exchange Rate
SFURTI - Scheme for Fund for Regeneration of
REGP - Rural Employment Generation Programme Traditional Industries

RIDF - Rural Infrastructure Development Fund SGL - Subsidiary General Ledger

RKVY - Rashtriya Krishi Vikas Yojana SHGs - Self-Help Groups

RNCPS - Redeemable Non-Cumulative SIDBI - Small Industries Development Bank of

Preference Shares India

RoA - Return on Assets SIFI - Systemically Important Financial

Intermediaries
ROE - Return on Equity
SIPS - Systemically Important Payment System
ROSC - Report on Observance of Standards
and Codes SITP - Scheme for Integrated Textile Parks

RPCD - Rural Planning and Credit Department SIVs - Structured Investment Vehicles

RRBs - Regional Rural Banks SLAF - Second Liquidity Adjustment Facility

RTGS - Real Time Gross Settlement SLA(IC) - Sundry Liabilities Account (Interest
Capitalisation)
RTI - Right to Information
SLB - Securities Lending and Borrowing
RTP - Reserve Tranche Position
SLBC - State Level Bankers’ Committee
SAARC - South Asian Association for Regional
Co-operation SLR - Statutory Liquidity Ratio

SACPs - Special Agricultural Credit Plans SMEs - Small and Medium Enterprises

SAD - Single Administrative Document SMO - Special Market Operations

SDDS - Special Data Dissemination Standards SPMCIL - Security Printing and Minting
Corporation of India Ltd.
SAMIS - Service Area Monitoring and Information
System SPV - Special Purpose Vehicle

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 LIST OF ABBREVIATIONS

SREP - Supervisory Review and Evaluation UBD - Urban Banks Department

Process
UCBs - Urban Cooperative Banks
SRMS - Self Employment Scheme for
Rehabilitation of Manual Scavangers UCNs - Uniform Code Numbers

SSS - Securities Settlement System UNDP - United Nations Developement

Programme
ST - Scheduled Tribe
UNICO - Umbrella Organisation for Large
StCB - State Co-operative Bank Cooperative Banks in Europe
STCRC - Short-Term Co-operative Rural Credit UNDP - United Nations Development
Programme
STOs - State Treasury Offices
UNIDO - United Nations Industrial Development
STR - Suspicious Transaction Report
Organisation
STRIPS - Separate Trading for Registered Interest
UNME - Urban Non-Manual Employees
and Principal of Securities

TAC - Technical Advisory Committee UTs - Union Territories

TAFCUBs - Task Force for Urban Co-operative VAR - Vector Autoregression

Banks
VaR - Value at Risk
TAG - Technical Advisory Group
VKGUY - Vishesh Krishi Gram Udyog Yojana
TALF - Term Asset-Backed Securities Loan
VPN - Virtual Private Network
Facility

TFC - Twelfth Finance Commission WADR - Weighted Average Discount Rate

TFCI - Tourism Finance Corporation of India WEO - World Economic Outlook

TFP - Total Factor Productivity WMA - Ways and Means Advances

TFTS - Trade for Trade Settlement WPI - Wholesale Price Index

TIN - Tax Information Network WSS - Weekly Statistical Supplement

TMSM - Training Methods and Skills for WTO - World Trade Organisation
Managers
XBRL - eXtensible Business Reporting
TMT - Thermo Mechanically Treated Language

ToRs - Terms of References XML - Extensible Markup Language

TS - Trend Stationary Y-o-Y - Year-on-Year

TUFS - Technology Upgraded Fund Scheme ZTC - Zonal Training Centre

This Report can also be accessed on Internet

URL : www.rbi.org.in

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