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ABCP - Asset Backed Commercial Paper
ABSs - Asset Backed Securities
ACH - Automated Clearing Houses
ACU - Additional Competitive Underwriting
ACU - Asian Clearing Union
ADB - Asian Development Bank
ADR - Asset Development Reserve
ADRs - American Depository Receipts
ADs - Authorised Dealers
ADWRS - Agricultural Debt Waiver and Debt Relief Scheme
AFC - Asset Finance Company
AFI Annual Financial Inspection
AFS - Available for Sale
AIBP - Accelerated Irrigation Benefit Programme
AIDIS - All India Debt and Investment Survey
AIFI - All India Financial Institution
AIRB - Advanced Internal Rating Based Approach
ALD - Aggregate Liability to Depositors
ALM - Asset-Liability Management
AMA - Advanced Measurement Approach
AMCs - Authorised Money Changers
AML - Anti-Money Laundering
AMP - Advanced Measurement Approach
AMPIs - Aggregated Micro-Prudential Indicators
ANBC - Adjusted Net Bank Credit
APL - Above Poverty Line
APM - Administered Price Mechanism
ARC - Asset Reconstruction Company
AS - Accounting Standard
ASEAN - Association of South East Asian Nations
Assets and Enforcement of Security Interest
Association of India
ATB - Auction Treasury Bill
ATM - Automated Teller Machine
Audit on Public Services
BCBS - Basel Committee on Banking Supervision
BCP - Business Continuity Planning
BCs - Business Correspondents
BCSBI - Banking Codes and Standards Board of India
BCTT - Banking Cash Transaction Tax
BFS - Board for Financial Supervision
BIA - Basic Indicator Approach
BIFR - Board for Industrial and Financial
BIS - Bank for International Settlements
BLA - Bond Ledger Account
BoP - Balance of Payments
BOS - Banking Ombudsman Scheme
BPL - Below Poverty Line
BPLR - Benchmark Prime Lending Rate
BPO - Business Process Outsourcing
BPSS - Board for Regulation and Supervision of
BRBNMPL - Bharatiya Reserve Bank Note Mudran Private Limited
BSE - The Stock Exchange, Mumbai
BSR - Basic Statistical Returns
BTC - Bankers' Training College
Business Process Outsourcing
CA - Concurrent Audit
CAB - College of Agricultural Banking
CAPIO - Central Assistant Public Information Officer
CBLO - Collateralised Borrowing and Lending Obligation
CBS - Consolidated Banking Statistics
CBS - Core Banking System
CCC - Central Complaints Committee
CCEA - Cabinet Committee on Economic Affairs
CCIL - Clearing Corporation of India Limited
CCP - Central Counter Party
CCRS - Currency Chest Reporting System
CD - Certificate of Deposit
CDBMS - Centralised Data Base Management System
CDOs - Collateralised Debt Obligations
CDR - Corporate Debt Restructuring
CDSs - Credit Default Swaps
CENVAT - Central Value Added Tax
CFCAC - Committe on Fuller Capital Account
CFES - Centralised Funds Enquiry System
CFMS - Centralised Funds Management System
CFT - Combating Financing of Terrorism
CFTS - Centralised Funds Transfer System
CGRA - Currency and Gold Revaluation Account
CIB - Capital Indexed Bond
CIBIL - Credit Information Bureau of India Limited
CIC - Central Information Commissioner
CICTAB - Center for International Co-operation and
CLCC - Central Level Coordination Committee
CME - Capital Market Exposure
CMIS - Currency Management Information System
COMORS - Compliance Monitoring and Reporting System
CoR - Certificate of Registration
COSMOS - Centralised Off-Site Monitering System
CP - Commercial Paper
CPADS - Centralised Public Accounts Department System
CPC - Cheque Processing Centre
CPDO - Centralised Public Debt Office
CPI - Consumer Price Index
CPI-IW - Consumer Price Index for Industrial Workers
CPIO - Chief Public Information Officer
CPPAPS - Committee on Procedures and Performance
CPR - Consolidated Prudential Return
CR - Contingency Reserve
CRAR - Capital to Risk-Weighted Assets Ratio
CRB - Commodity Research Bureau
CRC - The Complaints Redressal Cell
CRCS - Central Registrar of Co-operative Societies
CRF - Calamity Relief Fund
CRR - Cash Reserve Ratio
CRT - Credit - Risk Transfer
CSAA - Control Self Assessment Audit
CSF - Consolidated Sinking Fund
CSGL - Constituents' Subsidiary General Ledger
CSO - Central Statistical Organisation
CSR - Corporate Social Responsibility
CST - Central Sales Tax
CTR - Cash Transaction Report
CTS - Cheque Truncation System
CTT - Commodities Transaction Tax
CVD - Countervailing Duty
CVPS - Currency Verification and Processing System
DAD - Deposit Accounts Department
DAPM - Department of Administration and Personnel Management
DBIE - Database on Indian Economy
DBOD - Department of Banking Operations and Development
DBS - Department of Banking Supervision
DCC - District Consultative Committee
DCCB - District Central Cooperative Bank
DCM - Department of Currency Management
DCRF - Debt Consolidation and Relief Facility
DDP - District Development Programme
DDT - Dividend Distribution Tax
DEAP - Department of Economic Analysis and Policy
DEBC - Department of Expenditure and Budgetary Control
DEIO - Department of External Investments and Operations
DEPB - Duty Entitlement Pass Book
DESACS - Department of Statistical Analysis and Computer Services
DFEC - Duty Free Entitlement Certificate
DFHI - Discount and Finance House of India LIST OF ABBREVIATIONS
DFIs - Development Finance Institutions
DFRC - Duty Free Replenishment Certificate
DGBA - Department of Government and Bank Accounts
DGCI&S - Directorate General of Commercial Intelligence and Statistics
DGFT - Directorate General of Foreign Trade
DICGC - Deposit Insurance and Credit Guarantee Corporation
DIP - Disclosure and Investor Protection
DIT - Department of Information Technology
DLCC - District Level Consultative Committee
DMA - Direct Marketing Agent
DMIS - Document Management Information System
DNBS - Department of Non-Banking Supervision
DOC - Department of Communication
DoT - Department of Telecommunications
DPAP - Drought Prone Area Programme
DR - Disaster Recovery
DRG - Development Research Group
DRI - Differential Rate of Interest
DRS - Disaster Recovery System
DRT - Debt Recovery Tribunal
DSA - Direct Selling Agent
DSB - Designated Settlement Banks
DSIM - Department of Statistics and Information Management
DSS - Debt Swap Scheme
DTA - Domestic Tariff Area
DTL - Demand and Time Liabilities
DvP - Delivery versus Payment
EAD - Exposure at Default
EBT - Electronic Benefit Transfer
ECB - European Central Bank
ECBC - Energy Conservation Building Code
ECBs - External Commercial Borrowings
ECR - Export Credit Refinance
ECS - Electronic Clearing Services
EDC - Executive Directors' Committee
EDI - Electronic Data Interchange
EDI - Entrepreneurship Development Institute
EEA - Exchange Equalisation Account
EEFC - Exchange Earners' Foreign Currency
EEPC - Engineering Export Promotion Council
EFT - Electronic Funds Transfer
EIA - Energy Information Administration
EKMS - Enterprise Knowledge Management System
EMDEs - Emerging Market and Developing Economics
EMEs - Emerging Market Economies
EOU - Export Oriented Unit
EPCG - Export Promotion Capital Goods
ESOP - Employees Stock Option Plan
EU - European Union
FAQs - Frequently Asked Questions
FBT - Fringe Benefit Tax
FCA - Foreign Currency Assets
FCAC - Fuller Capital Account Convertibility
FCCB - Foreign Currency Convertible Bond
FCI - Food Corporation of India
FCNR(B) - Foreign Currency Non-Resident (Banks)
FCRA - Forward Contract Regulation Act
FDI - Foreign Direct Investment
FED - Foreign Exchange Department
FEDAI - Foreign Exchange Dealers' Association of India
FEMA - Foreign Exchange Management Act
FFMCs - Full Fledged Money Changers
FIF - Financial Inclusion Fund
FIIs - Foreign Institutional Investors
FIMMDA - Fixed Income Money Market and Derivatives
FIPB - Foreign Investment Promotion Board
FIRB - Foundation Internal Rating Based
FIs - Financial Institutions
FITF - Financial Inclusion Technology Fund
FIU-IND - Financial Intelligence Unit-India
FLCC - Financial Literacy and Credit Counseling
FMC - Forward Market Commission
FMD - Financial Markets Department
FMS - Focus Market Scheme
FNVC - Forged Note Vigilance Cell
FOB - Free on Board
FOMC - Federal Open Market Committee
FPOs - Follow-on Public Offers
FPS - Focus Product Scheme
FRA - Forward Rate Agreement
FRB - Floating Rate Bond
FRBM - Fiscal Responsibility and Budget Management
FRL - Fiscal Responsibility Legislation
FRL - Full Reservoir Level
FSA - Financial Services Authority
FSF - Financial Stability Forum
FST - Financial Sector Technology
FTIs - Fast Track Issues
FTP - Financial Transaction Plan
GAAP - Generally Accepted Accounting Principles
GATS - General Agreement on Trade in Services
GB - Giga-bytes
GCC - General Credit Card
GDP - Gross Domestic Product
GDR - Global Depository Receipt
GDS - Gross Domestic Saving
GFCF - Gross Fixed Capital Formation
GFD - Gross Fiscal Deficit
GIPSA - General Insurer's (Public Sector) Association of India
GLC - General Line of Credit
GNP - Gross National Product
GoI - Government of India
GRF - Guarantee Redemption Fund
GS - Government Securities
GSDP - Gross State Domestic Product
GST - Goods and Services Tax
HFCs - Housing Finance Companies
HFT - Held for Trading
HLAC - High Level Advisory Committee
HRDD - Human Resources Development Department
HRMS - Human Resources Management System
HTM - Held to Maturity
HUF - Hindu Undivided Family
IAS - Integrated Accounting System
IASC - Inspection and Audit Sub-Committee
IBA - Indian Banks' Association
IBL - Inter-Bank Liabilities
IBS - International Banking Statistics
ICAAP - Internal Capital Adequacy Assessment
ICAI - Institute of Chartered Accountants of India
ICC - International Credit Card
ICCOMS - Integrated Computerised Currency Operation and Management System
ICOR - Incremental Capital-Output Ratio
ICP - International Comparison Programme
ICT - Information and Communication Technology
IDBI - Industrial Development Bank of India
IDL - Intra-Day Liquidity
IDMD - Internal Debt Management Department
IDR - Indian Depository Receipt
IDRBT - Institute for Development and Research in Banking Technology
IEA - International Energy Agency
IES - Integrated Establishment System
IFC - International Finance Corporation
IGIDR - Indira Gandhi Institute of Development Research
IIBF - Indian Institute of Banking and Finance
IIBI - Industrial Investment Bank of India Ltd.
IIFCL - India Infrastructure Finance Company Limited
IIM - Indian Institute of Management
IIP - Index of Industrial Production
IIT - Indian Institute of Technology
IIUS - Industrial Infrastructure Upgradation Scheme
IMA - Internal Models Approach
IMD - India Millennium Deposits
IMF - International Monetary Fund
IMFC - International Monetary and Financial Committee
INFINET - Indian Financial Network
IPC - Irrevocable Payment Commitments
IPDI - Innovative Perpetual Debt Instrument
IPO - Initial Public Offering
IPP - Independent Power Producers
IRB - Internal Rating Based
IRDA - Insurance Regulatory and Development
IRDs - Interest Rate Derivatives
IRF - Interest Rate Future
IRS - Interest Rate Swap
IS - Information System
ISMS - Information Security Management System
ISO - International Organisation for Standardisation
IT - Information Technology
ITB - Intermediate Treasury Bill
ITES-BPO - Information Technology Enabled Services and
JNNURM - Jawaharlal Nehru National Urban Renewal Mission
JPC - Joint Parliamentary Committee
JV - Joint Venture
KCC - Kisan Credit Card
KYC - Know Your Customer
LAB - Local Area Bank
LAF - Liquidity Adjustment Facility
LAN - Local Area Network
LaR - Liquidity at Risk
LBS - Locational Banking Statistics
LC - Letter of Credit
LGD - Loss Given Default
LIBOR - London Inter-Bank Offered Rate
LIC - Life Insurance Corporation of India
LOC - Letter of Comfort
LPA - Long Period Average
LPG - Liquefied Petroleum Gas
LRS - Liberalised Remittance Scheme
LTV - Loan to Value
LVPS - Large Value Payment Systems
M&A - Merger and Acquisition
MASI - Management Audit Systems Inspection
MAT - Minimum Alternate Tax
MBC - Mutual Benefit Companies (Potential Nidhi)
MBFC - Mutual Benefit Financial Companies (Notified Nidhis)
MBS - Mortgage-Backed Securities
MEI - Macro Economic Indicators
MEP - Minimum Export Price
MF - Mutual Fund
MFI - Micro Finance Institution
MGC - Mortgage Guarantee Company
MICR - Magnetic Ink Character Recognition
MIS - Management Information System
MMBCS - Magnetic Media Based Clearing System
MMS - Multi Modal Settlements
MNSB - Multilateral Net Settlement Batch
MoU - Memorandum of Understanding
MPI - Macro-Prudential Indicator
MPLS - Multi Protocol Label Switching
MPP - Merchant Power Producers
MS - Money Supply (Broad Money)
MSCI - Morgan Stanley Capital International
MSEs - Micro and Small Enterprises
MSMEs - Micro, Small and Medium Enterprises
MSP - Minimum Support Price
MSS - Market Stabilisation Scheme
MTFP - Medium Term Fiscal Plan
MTM - Marked to Market
MTSS - Money Transfer Service Scheme
MUC - Minimum Underwriting Commitment
MW - Mega Watts
NABARD - National Bank for Agriculture and Rural
NASSCOM - National Association of Software and Services Companies
NAV - Net Asset Value
NBC - National Building Code
NBER - National Bureau of Economic Research
NBFCs - Non-Banking Financial Companies
NBFIs - Non-Banking Financial Institutions
NCAER - National Council of Applied Economic Research
NCAF - New Capital Adequacy Framework
NCC - National Clearing Cell
NDA - Net Domestic Asset
NDC - National Development Council
NDC - No Dues Cretificate
NDNC - National Do Not Call Registry
NDS - Negotiated Dealing System
NDS - OM - Negotiated Dealing System - Order Matching
NDTL - Net Demand and Time Liability
NEER - Nominal Effective Exchange Rate
NEFT - National Electronic Funds Transfer
NEP - National Electricity Policy
NER - North - Eastern Region
NFA - Net Foreign Assets
NFDC - National Film Development Corporation
NFEA - Net Foreign Exchange Assets
NFFWP - National Food for Work Programme
NFR - Non-Financial Reporting
NFS - National Financial Switch
NFSM - National Food Security Mission
NGO - Non-Government Organisation
NHB - National Housing Bank
NIBM - National Institute of Bank Management
NIC - National Informatics Centre
NIF - National Investment Fund
NIMC - National Implementing and MonitoringCommittee
NMCP - National Manufacturing Competitiveness Programme
NOC - No Objection Certificate
NOF - Net Owned Funds
NPAs - Non-Performing Assets
NPC - National Payments Council
NPS - New Pension Scheme
NPV - Net Present Value
NR(E)RA - Non-Resident (External) Rupee Account
NREGF - National Rural Employment Guarantee Fund
NREGS - National Rural Employment Guarantee Scheme
NRHM - National Rural Health Mission
NRI - Non-Resident Indian
NRNR - Non-Resident Non-Repatriable
NRO - Non-Resident Ordinary
NRRDA - National Rural Road Development Agency
NSC - National Statistical Commission
NSDL - National Securities Depository Limited
NSE - National Stock Exchange
NSE-MIBOR- National Stock Exchange-Mumbai Inter-bank Offered Rate
NSMs - Note Sorting Machines
NSS - National Settlement System
NSSF - National Small Saving Fund
NSSO - National Sample Survey Organisation
OBC - Other Backward Classes
OBE - Off- Balance Sheet Exposures
OBU - Off-shore Banking Unit
OCBs - Overseas Corporate Bodies
ODI - Overseas Direct Investment
OIL - Oil India Ltd.
OLTAS - Online Tax Accounting System
OMCs - Oil Marketing Companies
OMO - Open Market Operation
OMS - Open Market Sales
ONGC - Oil and Natural Gas Commission
OPAC - Online Public Access Catalogue
OPEC - Organisation of Petroleum Exporting Countries
ORFS - Online Returns Filing System
OSMOS - Off-Site Monitoring and Surveillance
OSMOS - Off-Site Monitoring System
OTC - Over-the-Counter
OTCEI - Over-the-Counter Exchange of India
OTS - One-Time Settlement
OWS - Other Welfare Schemes
P&L - Profit and Loss
P/E - Price-Earnings
PACS - Primary Agricultural Credit Society
PAD - Public Accounts Department
PAIS - Personal Accident Insurance Scheme
PAT - Profit After Tax
Payment and Settlement Systems
PBT - Profit Before Tax
PCA - Prompt Corrective Action
PCPS - Perpetual Cumulative Preference Shares
PD - Probability of Default
PDCF - Primary Dealer Credit Facility
PDO - Public Debt Office
PDs - Primary Dealers
PDS - Public Distribution System
PFCE - Private Final Consumption Expenditure
PIO - Persons of Indian Origin
PIT - Personal Income Tax
PKI - Public Key Infrastructure
PMEGP - Prime Minister Employment Generation Programme
PMLA - Prevention of Money Laundering Act
PNCPs - Perpetual Non-Cumulative Preference Shares
POL - Petroleum, Oil and Lubricants
PPP - Public Private Partnership
PRIS - Performance Related Incentive Scheme
PSBs - Public Sector Banks
PSUs - Public Sector Undertakings
QIB - Qualified Institutional Buyer
QII - Qualified Institutional Investor
QIP - Qualified Institutional Placement
QIS - Quantitative Impact Study
R&D - Research and Development
RBIA - Risk-Based Internal Audit
RBS - Risk-Based Supervision
RBSB - Reserve Bank Services Board
RBSC - Reserve Bank Staff College
RC - Reconstruction Company
RCC - Regional Complaints Committee
RCPS - Redeemable Cumulative Preference Shares
RCS - Registrar of Cooperative Societies
RD - Revenue Deficit
RDA - Rupee Drawing Arrangements
RDDB - Recovery of Debts due to Banks and Financial Institutions
REER - Real Effective Exchange Rate
RIA - Right to Information Act
RIDF - Rural Infrastructure Development Fund
RIF - Repository of Inspecting Finding
RKVY - Rashtriya Krishi Vikas Yojana
RNBCs - Residuary Non-banking Companies
RNCPS - Redeemable Non-Cumulative Preference
RPCD - Rural Planning and Credit Department
RRBs - Regional Rural Banks
RTGS - Real Time Gross Settlement
RTP - Reserve Tranche Position
RUDSETIs - Rural Development and Self-Employed
SA - Standardised Approach
SAARC - South Asian Association for Regional Cooperation
SACP - Special Agricultural Credit Plan
SAFTA - South Asian Free Trade Agreement
SARFAESI - Securitisation and Reconstruction of Financial
SBI - State Bank of India
SBS - Shredding and Briquetting System
SC - Scheduled Caste
SC - Securitisation Company
SCB - Scheduled Commercial Bank
SCRA - Securities Contracts (Regulation) Act
SD - Sustainable Development
SDDS - Special Data Dissemination Standard
SDL - State Development Loan
SDLC - Software Development Life Cycle
SDR - Special Drawing Right
SEB - State Electricity Board
SEBI - Securities and Exchange Board of India
SEC - Securities Exchange Commission
SEEPZ - Santacruz Electronics Exports Processing Zone
SEFT - Special Electronic Funds Transfer
SEZs - Special Economic Zones
SFC - State Financial Corporation
SFIO - Serious Frauds Investigation Office
SFMS - Structured Financial Messaging Solution
SFP - Single Factor Productivity
SGL - Subsidiary General Ledger
SGSY - Swarnajayanti Gram Swarozgar Yojana
SHGs - Self-Help Groups
SIDBI - Small Industries Development Bank of India
SIPS - Systemically Important Payment Systems
SITP - Scheme for Integrated Textile Parks
SIVs - Structured Investment Vehicles
SLAF - Second Liquidity Adjustment Facility
SLB - Securities Lending and Borrowing
SLBC - State Level Bankers' Committee
SLCC - State Level Coordination Committee
SLR - Statutory Liquidity Ratio
SLRS - Scheme of Liberation and Rehabilitation of Scavengers
SLS - Securities Lending Scheme
SMAC - Secondary Market Advisory Committee
SMEs - Small and Medium Enterprises
SMO - Special Market Operation
SNB - Swiss National Bank
SPC - Sixth Pay Commission
SPMCIL - Security Printing and Minting Corporation of India Ltd.
SPV - Special Purpose Vehicle
SR - Security Receipt
SREP - Strategic Research and Extension Plan
SRF - Special Reserve Fund
SRMS - Scheme for Rehabilitation of Manual Scavengers
SRP - Supervisory Review Process
SRS - System Requirement Specification
SSA - Sarva Shiksha Abhiyan
SSCs - Special Sub-Committees
SSIs - Small Scale Industries
SSSs - Securities Settlement Systems
ST - Scheduled Tribe
StCB - State Co-operative Bank
STCRC - Short Term Co-operative Rural Credit
STL - Structural Liquidity Statement
STOs - State Treasury Offices
STP - Straight Through Processing
STPI - Software Technology Parks of India
STR - Suspicious Transaction Report
STRIPS - Separate Trading for Registered Interest and Principal of Securities
STT - Securities Transaction Tax
TAC - Technical Advisory Committee
TAF - Term Auction Facility
TAFCUB - Task Force for Urban Co-operative Bank
TAG - Technical Advisory Group
TBs - Treasury Bills
TDS - Tax Deduction at Source
TFC - Twelfth Finance Commission
TFCI - Tourism Finance Corporation of India
TFP - Total Factor Productivity
TMT - Thermo Mechanically Treated
TPDS - Targeted Public Distribution System
TRAI - Telecom Regulatory Authority of India
Training in Agricultural Banking
Training Institutes
TUCC - Telecom Unsolicited Commercial Communications
TUF - Technology Upgradation Fund
UBD - Urban Banks Department
UCBs - Urban Cooperative Banks
ULIP - Unit Linked Insurance Plan
UNCTAD - United Nations Conference on Trade and Development
UNDP - United Nations Development Programme
UNIDO - United Nations Industrial Development Organisation
UNSCR - United Nations Security Council Regulations
UNSNA - United Nation System of National Accounts
URR - Unremunerated Reserve Requirements
URRBCH - Uniform Regulations and Rules for Bankers'Clearing House
UTLBC - Union Territory Level Bankers' Committee
VaR - Value at Risk
VAT - Value Added Tax
VCF - Venture Capital Fund
WADR - Weighted Average Discount Rate
WAN - Wide Area Network
WAP - Wireless Application Protocol
WDM - Wholesale Debt Market
WFP - World Food Programme
WGC - World Gold Council
WI - When Issued
WMA - Ways and Means Advance
WOS - Wholly Owned Subsidiary
WPI - Wholesale Price Index
WSS - Weekly Statistical Supplement
WTI - West Texas Intermediate
WTO - World Trade Organisation
Y-o-Y - Year-on-Year
YTM - Yield-to-Maturity
ZCYC - Zero Coupon Yield Curve
ZTC - Zonal Training Centre

This Report can also be accessed on Internet


Pratap Naik,
May 27, 2010, 4:00 PM