Banking Abbreviations

List of Banking Abbreviations

AACS

As Applicable to Cooperative Societies

ABS

Asset Backed Securities

ACH

Automatic Clearing House

ACU

Asian Clearing Union

Authorised Dealer

ADR

Asset Development Reserve

AEBC

American Express Banking Corporation

AEBL

American Express Bank Limited

AFC

Asset Finance Companies

AFI

Annual Financial Inspection

AFS

Available For Sale

AICCCA

Association of Independent Consumer Credit Counselling Agencies

AIFIs

All India Financial Institutions

ALD

Aggregate Liability to Depositors

ALM

Asset Liability Management

AMA

Asset Liability Management

AMC

Asset Management Company

AML

Anti Money Laundering

ANBC

Adjusted Net Bank Credit

APG

Asia Pacific Group

APRACA

Asia Pacific Regional Agricultural Credit Association

APRs

Annual Performance Reports

ARC

Asset Reconstruction Company

ARCIL

Asset Reconstruction Company (India) Ldiv class="col-md-3".

AS

Accounting Standard

ASEAN

Association of South East Asian Nations

ASIC

Australian Securities & Investment Commission

ASSOCHAM

The Associated Chambers of Commerce and Industry of India

ATM

Automated Teller Machine

BC

Business Correspondent

BCBS

Basel Committee on Banking Supervision

BCP

Business Continuity Planning Process

BCP

Basel Core Principles

BCSBI

Banking Codes and Standards Board of India

BF

Business Facilitator

BFS

Board for Financial Supervision

BIA

Basic Indicator Approach

BIFR

Board

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

BPO

Business Process Outsourcing

BPSS

Board for Regulation and Supervision of Payment and Settlement Systems

BRBNMPL

Bharatiya Reserve Bank Note Mudran Private Limited

BSE

Bombay Stock Exchange

BSC

Balanced Scorecard

BSR

Basic Statistical Return

BWA

Broadband Wireless Access

CA

Concurrent Audit

CAB

College of Agricultural Banking

CAFL

Center for Advanced Financial Learning

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

Central Account Section

CAS

Common Accounting System

CASA

Current & Saving Accounts

CBLO

Colaterised Borrowing and Lending Obligation

CBS

Core Banking Solution

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

Cendiv class="col-md-12 well"al Counter Party

CCP

Cheque Clearing Policy

CCR

Counterfeit Currency Report

CCs

Currency Chests

CCTV

Closed Circuit Television

CDs

Certificates of Deposit

CD

Certificate of Deposit

CDBS

Currency Disintegration and Briquetting System

CDBS

Committee of Direction on Banking Statistics

CDBMS

Currency Disintegration and Briquetting System

CDF

Cooperative Development Fund

CDO

Collateral Debt Obligations

CDR

Corporate Debt Restructuring

CDRM

Credit Counselling and Debt Management

CDS

Credit Default Swaps

CEM

Current Exposure Method

CEO

Chief Executive Officer

CEOBSE

Credit Equivalent Amount Off-Balance Sheet Exposure

CFC

Customer Facilitation Cendiv class="col-md-12 well"e

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

D&B

Dun & Bradstreet Information Services India (P) Ltd.

DAD

Deposit Accounts Department

DAPM

Department of Administration and Personnel Management

DAPs

Development Action Plans

DARPG

Department of Administrative Reforms and Public Grievances

DBIE

Database on Indian Economy

DBOD

Department of Banking Operations and Development

DBS

Department of Banking Supervision

DCC

District Consultative Committee

DCC

District Coordination Committee

DCCB

District Central Cooperative Bank

DCM

Department of Currency Management

DCRR

Department for Cooperative Revival and Reforms

DEAP

Department of Economic Analysis and Policy

DEBC

Department of Expenditure and Budgetary Control.

DEIO

Department of External Investments and Operations

DER

Debt Equity Ratio

DFI

Development Finance Institution

DGBA

Department of Government and Bank Accounts

DICGC

Deposit Insurance and Credit Guarantee Corporation

DIT

Department of Information Technology

DLIC

District Level Implementation Committee

DLIC

District Level Implementation and Monitoring Committee

DMA

Direct Marketing Agent

DMIS

Document Management Information System

DNBS

Department of Non-Banking Supervision

DNSS

Deferred Net Settlement Systems

DOC

Department of Communication

DOT

Department of Telecommunications

DPSS

Department of Payment and Settlement Systems

DR

Disaster Recovery

DRI

Differential Rate of Interest

DRG

Development Research Group

DRIP

District Rural Industries Project

DRT

Debt Recovery Tribunal

DSA

Direct Sales Agent

DSIM

Department of Statistics and Information Management

DTA

Deferred Tax Asset

DTC

Direct Tax Code

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 Services

EEA

Exchange Equalisation Account

EEFC

Exchange Earners’ Foreign Currency

EFT

Electronic Fund Transfer

EKP

Enterprise Knowledge Portal

EME

Emerging Market Economy

EMEs

Emerging Market Economies

EMS

Estate Management System

EoI

Expression on Interest

EPCG

Export Promotion Capital Goods

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

FATF

Financial Action Task Force

FAQs

Frequently Asked Questions

FBT

Fringe Benefit Tax

FCs

Financial Conglomerates

FC

Financial Conglomerates

FCA

Foreign Currency Asset

FCAC

Fuller Capital Account Convertibility

FCCB

Foreign Currency Convertible Bond

FCL

Flexible Credit Line

FCNR

Foreign Currency Non-Resident

FCNR

Foreign Currency Non-Resident (Banks)

FCI

Food Corporation of India

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

FICCI

Federation of Indian Chambers of Commerce and Industry

FIEO

Federation of Indian Export Organisations

FIF

Financial Inclusion Fund

FII

Foreign Institutional Investor

FIMMDA

Fixed Income Money Market and Derivatives Association of India

FINO

Financial Information Network and Operations

FIP

Financial Inclusion Plan

FIPB

Foreign Investment Promotion Board

FIR

First Information Report

FIRC

First International Research Conference

FITF

Financial Inclusion Technology Fund

FITL

Funded Interest Term Loan

FIU-IND

Financial Intelligence Unit - India

FLCCs

Financial Literacy and Credit Counseling Centres

FLCC

Financial Literacy and Credit Counselling Centres

FMC

Financial Markets Committee

FMD

Financial Markets Department

FMS

Focus Market Scheme

FPS

Focus Product Scheme

FRA

Forward Rate Agreement

FRAs

Forward Rate Agreements

FRB

Floating Rate Bond

FRBs

Floating Rate Bonds

FRBM

Fiscal Responsibility and Budget Management

FRLs

Fiscal Responsibility Laws

FRMS

Fraud Reporting and Monitoring System

FSA

Financial Service Authority

FSAP

Financial Sector Assessment Programme

FSB

Financial Stability Board

FSDC

Financial Stability Development Council

FSF

Financial Stability Forum

FSI

Financial Soundness Indicator

FSR

Financial Stability Report

FSS

Farmers' Service Societies

FST

Financial Sector Technology

FSU

Financial Stability Unit

FVA

Fair Value Accounting

G 20

Group of Twenty

GAAP

Generally Acceptable Accounting principles

GB

Gramin Bank

GCC

General Credit Card

GCCs

General-purpose Credit Cards

GCS

Gold Card Scheme

GDCF

Gross Domestic Capital Formation

GDP

Gross Domestic Product

GDR

Global Depository Receipt

GFCF

Gross Fixed Capital Formation

GFD

Gross Fiscal Deficit

GIC

General Insurance Corporation of India

GLC

General Lines of Credit

GMRA

Global Master Repo Agreement

GoI

Government of India

GRF

Guarantee Redemption Fund

GSA

Graded Supervisory Action

GSDP

Gross State Domestic Product

GST

Goods and Services Tax

HAPAs

High Access Precautionary Access

HFC

Housing Finance Companies

HFT

Held for Trading

HLC

High Level Committee

HP

Hodrick Prescott

HRDD

Human Resources Development Department

HRMS

Human Resources Management System

HTM

Held to Maturity

HVC

High Value Clearing

IADI

International Association of Deposit Insurers

IAIS

International Association of Insurance Supervisors

IAS

Integrated Accounting System

IASB

International Accounting Standard Board

IASs

Indian Accounting Standards

IBA

Indian Banks Association

IBPC

Inter-Bank Participation Certificates

IBS

International Banking Statistics

ICAAP

Internal Capital Adequacy Assessment Process

ICAI

Institute of Chartered Accountants of India

I-CAT

Institutional Capacity Assessment Tool

ICCL

Indian Clearing Corporation Limited

ICCOMS

Integrated Computerised Currency Operations and Management Systems

ICD

Inter Corporate Deposits

ICOR

Incremental Capital Output Ratio

ICT

Information and Communication Technology

IDBI

Industrial Development Bank of India

IDFC

Infrastructure Development Finance Company

IDL

Intra-Day Liquidity

IDMD

Internal Debt Management Department

IDR

Indian Depository Receipt

IDRBT

Institute for Development and Research in Banking Technology

IES

Integrated Establishment System

IFCI

Industrial Finance Corporation of India Ltd.

IFCs

Infrastructure Finance Companies

IFSC

Indian Financial System Code

IFR

Investment Fluctuation Reserve

IFRSs

International Financial Reporting Standards

IGIDR

Indira Gandhi Institute of Development Research

IIBI

Indusdiv class="col-md-12 well"ial Investment Bank of India

IIBM

Indian Institute of Bank Management

IIFCL

India Infrastructure Finance Company Limited

IIP

Index of Industrial Production

ILO

International Labour Organisation

IMA

Internal Models Approach

IMD

India Millennium Deposit

IMF

International Monetary Fund

IMGC

Indian Mortgage Guarantee Company

INFINET

Indian Financial Network

IOs

Inspecting Officers

IOSCO

International Organisation of Securities Commissions

IPA

Issuing and Payment Agent

IPC

Irrevocable Payment Commitments

IPDI

Innovative Perpetual Debt Instrument

IPO

Initial Public Offering

IRA

Investment Revaluation Account

IRAC

Income Recognition and Asset Classification

IRB

Internal-Ratings Based

IRDA

Insurance Regulatory and Development Authority

IRDP

Integrated Rural Development Programme

IRF

Interest Rate Future

IRS

Interest Rate Swaps

IS

Information Systems

ISO

International Organisation for Standardisation

IT

Information Technology

ITES

Intra-Group Transactions and Exposures

ITGGSM

Internal Technical Group on Government Securities Market

ITGI

IT Governance Institute

ITIL

Information Technology Infrastructure Library

IVRS

Interactive Voice Response System

IWG

Internal Working Group

JLG

Joint Liability Group

JPC

Joint Parliamentary Committee

KCC

Kisan Credit Card

KCCs

Kisan Credit Cards

KLEMS

Capital, Labour, Energy, Material and Services

KVIB

Khadi and Village Industries Board

KVIC

Khadi and Village Industries Commission

KYC

Know Your Customer

LAB

Local Area Bank

LAF

Liquidity Adjustment Facility

LAMPS

Large Adivasi Multi-purpose Co-operative Societies

LAN

Local Area Network

LIBOR

London Inter-Bank Offered Rate

LIC

Life Insurance Corporation of India

LME

London Metal Exchange

LOBOM

Lower of Book Value or Market Price

LoC

Letter of Comfort

LPA

Long Period Average

LTCCS

Long-Term Cooperative Credit Structure

LTO

Long Term Operations

LTV

Loan-to-Value

M3

Broad Money

MAP

Monitorable Action Plan

MASI

Management Audit and Systems Inspection

MBC

Mutual Benefit Company

MDB

Multilateral Development Bank

MEDP

Micro Enterprise Development Programme

MFDEF

Micro Finance Development and Equity Fund

MFI

Micro Finance Institution

MFIs

Micro-Finance Institutions

MFs

Mutual Funds

MGCS

Mortgage Guarantee Companies

MGNREGA

Mahatma Gandhi National Rural Employment Guarantee Act

MIBOR

Mumbai Inter-Bank Offer Rate

MICR

Magnetic Ink Character Recognition

MIS

Management Information System

MJT

Mobile Job Trainer

MLFPS

Market Linked Focus Product Scheme

MLRO

Money Laundering Reporting Office

MMA

Macro Management of Agricultural Scheme

MMBCS

Magnetic Media Based Clearing System

MMS

Mail Messaging Solution

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

MSEs

Micro and Small Enterprises

MSS

Market Stabilisation Scheme

MSMEs

Micro, Small and Medium Enterprises

MSME

Micro, Small and Medium Enterprises

MSOE

Minimum Standard for Operational Efficiency

MSS

Market Stabilisation Scheme

MTFPS

Medium Term Fiscal Policy Statement

MTM

Mark-to-Market

NABARD

National Bank for Agriculture and Rural Development

NAV

Net Asset Value

NBC

Net Bank Credit

NBFCs

Non-Banking Financial Companies

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

NCDs

Non-Convertible Debentures

NCEUS

National Commission for Enterprises in Unorganised Sector

NCPA

National Cendiv class="col-md-12 well"e for Performing Arts

NCR

National Capital Region

NDC

No Due Certificate

NDS

Negotiated Dealing System

NDS-OM

NDS Order Matching

NDTL

Net Demand and Time Liabilities

NECS

National Electronic Clearing Service

NEDFi

North Eastern Development Finance Corporation

NEFIS

Nationwide Electronic Financial Inclusion System

NEFT

National Electronic Funds 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

NFSM

National Food Security Mission

NGO

Non-Government Organisation

NHB

National Housing Bank

NHC

National Housing Credit

NIA

New India Assurance Company Limited

NIBM

National Institute of Bank Management

NIC

National Informatic Centre

NIC

National Informatic Centre

NIMC

National Implementation Monitoring Committee

NKA

Net Capital Account

NOC

No Objection Certificate

NOF

Net Owned Fund

NPA

Note Purchase Agreement

NPA

Non Performing Asset

NPCI

National Payments Corporation of India

NPFA

Non-Performing Financial Assets

NPL

Non-Performing Loan

NRE

Non-Resident External

NR(E)RA

Non-resident (External) Rupee Account

NREGA

National Rural Employment Guarantee Act

NRI

Non- Resident Indian

NSCCL

National Securities Clearing Corporation Limited

NSE

National Stock Exchange

NSM

Note Sorting Machines

NSSF

National Social Security Fund

OBE

Off Balancesheet Exposure

OBS

Off-balance Sheet

OBU

Off-Shore Banking Units

ODI

Overseas Direct Investment

OECD

Organisation for Economic Co-operation and Development

OIS

Overnight Index Swap

OLRR

On-line Reject Repair

OLTAS

On-line Tax Accounting System

OMO

Open Market Operation

OPEC

Organisation of the Petroleum Exporting Countries

ORFS

Online Returns Filing System

OSMOS

Offsite Monitoring System

OSS

Offsite Surveillance System

OTC

Over the Counter

OTS

One Time Settlement

PACS

Primary Agricultural Credit Societies

PAD

Public Accounts Department

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

Provisioning Coverage Ratio

PCR

Public Credit Registry

PD

Primary Dealer

PDI

Perpetual Debt Instruments

PDO

Public Debt Office

PDS

Public Distribution System

PDAI

Primary Dealers Association of India

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

Points of Sale

PPID

Pilot Project for Integrated Development

PPP

Purchasing Power Parity

PRGT

Poverty Reduction and Growth Trust

PSB

Public Sector Bank

PSE

Public Sector Enterprise

PSLC

Priority Sector Lending Certificates

PSS

Payment and Settlement System

PV

Present Value

QIS

Quantitative Impact Assessment

RBA

Reserve Bank of Australia

RBIA

Risk Based Internal Audit

RBS

Risk-Based Supervision

RBSC

Reserve Bank Staff College

RCPS

Redeemable Cumulative Preference Shares

RCS

Registrar of Cooperative Societies

RD

Revenue Deficit

RDA

Rupee Drawing Arrangement

RECS

Regional Electronic Clearing Service

REGP

Rural Employment Generation Programme

RFA

Revolving Fund Assistance

RIDF

Rural Infrastructure Development Fund

RKVY

Rashtriya Krishi Vikas Yojana

RMA

Royal Monetary Authority

RMD

Resource Management Discussion

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

RTP

Reserve Tranche Position

SAA

Service Area Approach

SAARC

South Asian Association for Regional Cooperation

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

SCDs

Small Coin Depots

SD

Sustainable Development

SDLs

State Development Loans

SDR

Special Drawing Right

SDS

Special Deposit Scheme

SEB

State Elecdiv class="col-md-12 well"icity Board

SEBI

Securities and Exchange Board of India

SEFCs

Small Enterprises Financial Centres

SEFT

Special Electronic Funds Transfer

SEZ

Special Economic Zone

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

SIFIs

Systemically Important Financial Institutions

SIPS

Systemically Important Payment Systems

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

SMEs

Small and Medium Enterprises

SME

Small and Medium Enterprise

SPMCIL

Security Printing and Minting Corporation of India Ltd.

SPV

Special Purpose Vehicle

SR

Security Receipt

SREP

Supervisory Review and Evaluation Process

SRF

Special Refinance Facility

SRMS

Self Employment Scheme for Rehabilitation of Manual Scavengers

SRP

Supervisory Review Process

SSC

Special Sub-Committees

SSI

Small Scale Industry

SSS

Securities Settlement System

ST

Scheduled Tribe

STC

Standing Technical Committee

StCBs

State Co-operative Banks

STCCS

Short-Term Cooperative Credit Structure

STCRE

Short-Term Cooperative Rural Credit

STOs

Sub Treasury Offices

STP

Straight Through Processing

STR

Suspicious Transaction Report

STRIPS

Separate Trading of Registered Interest and Principal of Securities

SWIFT

Society for Worldwide Financial Telecommunication

SWIPS

System-Wide Important Payment System

TAC

Technical Advisory Committee

TACMP

Technical Advisory Committee on Monetary Policy

TAFCUB

Task Force for Urban Cooperative Bank

TAG

Technical Advisory Group

TBs

Treasury Bills

TFCI

Tourism Finance Corporation of India

TFP

Total Factor Productivity

ThFC

Thirteenth Finance Commission

TSA

The Standardised Approach

TwFC

Twelfth Finance Commission

UBB

Uniform Balance Book

UBD

Urban Banks Department

UCB

Urban Cooperative Bank

UCC

Unsolicited Commercial Communication

UIA

United India Assurance Company Ltd.

UID

Unique Identity

UIN

Unique Identification Number

UTI

Unit Trust of India

UTLBC

Union Territory Level Bankers’

VAR

Vector Autoregression

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

WMA

Ways and Means Advances

WOS

Wholly Owned Subsidiary

XBRL

Extensible Business Reporting Language

XML

Extensible Markup Language

YTM

Yield to Maturity

ZCYC

Zero Coupon Yield Curve

ZTC

Zonal Training Centre