LIST OF ABBREVIATIONS |
AA |
Account Aggregator |
ACU |
Asian Clearing Union |
AD |
Authorised Dealer |
ADF |
Automated Data Flow |
ADR |
American Depository Receipts |
AIFIs |
All-India Financial Institutions |
AMRMS |
Audit Management and Risk Monitoring System |
ANBC |
Adjusted Net Bank Credit |
AQR |
Asset Quality Review |
ARCs |
Asset Reconstruction Companies |
ARMS |
Audit and Risk Management Sub-Committee |
ATBs |
Auction Treasury Bills |
ATMs |
Automated Teller Machines |
B2B |
Business-to-Business |
B2C |
Business-to-Consumer |
BAs |
Business Areas |
BBB |
Banks Board Bureau |
BBPCU |
Bharat Bill Payment Central Unit |
BBPOU |
Bharat Bill Payment Operating Unit |
BBPS |
Bharat Bill Payment System |
BC |
Business Correspondent |
BCBS |
Basel Committee on Banking Supervision |
BCM |
Business Continuity Management |
BCP |
Business Continuity Plans |
BCSBI |
Banking Codes and Standards Board of India |
BE |
Budget Estimates |
BFS |
Board for Financial Supervision |
BIA |
Business Impact Analysis |
BIS |
Bank for International Settlements |
BO |
Banking Ombudsman |
BoJ |
Bank of Japan |
BoP |
Balance of Payment |
BPO |
Business Process Outsourcing |
BPR |
Business Process Reengineering |
bps |
Basis Points |
BPSS |
Board for Payment and Settlement System |
BRBNMPL |
Bharatiya Reserve Bank Note Mudran Private Limited |
BRICS |
Brazil, Russia, India, China and South Africa |
BSBDA |
Basic Savings Bank Deposit Account |
BSC |
Building Sub-Committee |
CAB |
College of Agricultural Banking |
CAD |
Current Account Deficit |
CAFRAL |
Centre for Advanced Financial Research and Learning |
CAP |
Corrective Action Plan |
CBLO |
Collateralised Borrowing and Lending Obligation |
CBRMC |
Central Bank Risk Managers’ Conference |
CBs |
Central Banks |
CBS |
Core Banking Solution |
CCB |
Committee of the Central Board |
CCC |
Cash Coordination Committee |
CCIL |
Clearing Corporation of India Limited |
CCP |
Central Counter Party |
CCR |
Counterparty Credit Risk |
CCSO |
Chief Customer Service Officer |
CCTV |
Closed Circuit Television |
CD |
Certificate of Deposit |
CDES |
Currency Distribution & Exchange Scheme |
CDS |
Credit Default Swaps |
CEPD |
Consumer Education and Protection Department |
CERT-In |
Indian Computer Emergency Response Team |
CGFS |
Committee on the Global Financial System |
CGM |
Chief General Manager |
CGTMSE |
Credit Guarantee Trust for Micro and Small Enterprises |
CIC |
Currency in Circulation |
CKYCR |
Central Know Your Customer Registry |
CLSS |
Credit Linked Subsidy Scheme |
CMA |
Currency Management Architecture |
CODs |
Central Office Departments |
CoR |
Certificate of Registration |
CPC |
Central Pay Commission |
CPC |
Cheque Processing Centre |
CPI |
Consumer Price Index |
CPI-AL |
Consumer Price Index-Agricultural Labourers |
CPI-C |
Consumer Price Index-Combined |
CPI-IW |
Consumer Price Index-Industrial Workers |
CPI-RL |
Consumer Price Index-Rural Labourers |
CPMI |
Committee on Payments and Market Infrastructure |
CPs |
Commercial Papers |
CRA |
Contingent Reserve Arrangement |
CRILC |
Central Repository of Information on Large Credits |
CRR |
Cash Reserve Ratio |
CSBD |
Corporate Strategy and Budget Management |
CSF |
Consolidated Sinking Fund |
CSO |
Central Statistics Office |
CTS |
Cheque Truncation System |
DBR |
Department of Banking Regulation |
DBS |
Department of Banking Supervision |
DCBR |
Department of Co-operative Bank Regulation |
DCBS |
Department of Co-operative Bank Supervision |
DCCBs |
District Central Co-operative Banks |
DCS |
Department of Corporate Services |
DEIO |
Department of External Investments and Operations |
DEPR |
Department of Economic and Policy Research |
DGBA |
Department of Government and Bank Accounts |
DICGC |
Deposit Insurance and Credit Guarantee Corporation |
DIF |
Deposit Insurance Fund |
DISCOM |
Distribution Company |
DIT |
Department of Information Technology |
DNBS |
Department of Non-Banking Supervision |
DP |
Discussion Paper |
DPSS |
Department of Payment and Settlement Systems |
DRATs |
Debt Recovery Appellate Tribunals |
DRG |
Development Research Group |
DRTs |
Debt Recovery Tribunals |
DSIM |
Department of Statistics and Information Management |
e-baat |
Electronic Banking Awareness and Training |
ECB |
European Central Bank |
ECBs |
External Commercial Borrowings |
ECL |
Expected Credit Loss |
ECS |
Electronic Clearing Service |
EDMS |
Electronic Document Management System |
EDPMS |
Export Data Processing and Monitoring System |
EEFC |
Exchange Earners’ Foreign Currency |
EMEs |
Emerging Market Economies |
EMV |
Europay, Mastercard and Visa |
ERM |
Enterprise-wide Risk Management |
ESOP |
Employee Stock Option |
ETCD |
Exchange Traded Currency Derivatives |
EV |
Enterprise Vault |
EWS |
Early Warning System |
EXIM Bank |
Export Import Bank of India |
FBIL |
Financial Benchmark India Private Limited |
FCA |
Foreign Currency Assets |
FCCB |
Foreign Currency Convertible Bond |
FC-GPR |
Foreign Currency Gross Provisional Return |
FCNR(B) |
Foreign Currency Non-Resident (Bank) Account |
FCs |
Financial Conglomerates |
FC-TRS |
Foreign Currency Transfer of Shares |
FCY |
Foreign Currency |
FCY-INR |
Foreign Currency-Indian Rupee |
FDI |
Foreign Direct Investment |
FED |
Foreign Exchange Department |
FEMA |
Foreign Exchange Management Act |
FER |
Foreign Exchange Reserves |
FETERS |
Foreign Exchange Transactions Electronic Reporting System |
FFMC |
Full Fledged Money Changers |
FIAC |
Financial Inclusion Advisory Committee |
FIDD |
Financial Inclusion Development Department |
FIF |
Financial Inclusion Fund |
FII |
Foreign Institutional Investor |
FIMMDA |
Fixed Income Money Market and Derivatives Association of India |
FinTech |
Financial Technology |
FIP |
Financial Inclusion Plan |
FIRM |
Food Inflation Research and Measurement |
FIT |
Flexible Inflation Targeting |
FITF |
Financial Inclusion Technology Fund |
FLCs |
Financial Literacy Centers |
FMIs |
Financial Market Infrastructures |
FMOD |
Financial Markets Operations Department |
FMRD |
Financial Markets Regulation Department |
FOMC |
Federal Open Market Committee |
FPI |
Foreign Portfolio Investment |
FSAP |
Financial Sector Assessment Programme |
FSB |
Financial Stability Board |
FSDC |
Financial Stability and Development Council |
FSDC-SC |
Financial Stability and Development Council Sub committee |
FSR |
Financial Stability Report |
FSU |
Financial Stability Unit |
FWG |
Framework Working Group |
GCC |
General Credit Card |
GDP |
Gross Domestic Product |
GDR |
Global Depository Receipts |
GFCE |
Government Final Consumption Expenditure |
GFCF |
Gross Fixed Capital Formation |
GFD |
Gross Fiscal Deficit |
GFSG |
Green Finance Study Group |
GNDI |
Gross National Disposable Income |
GoI |
Government of India |
GRF |
Guarantee Redemption Funds |
G-secs |
Government Securities |
GSIBs |
Global Systemically Important Banks |
GST |
Goods and Services Tax |
GSTN |
Goods and Services Tax Network |
GVA |
Gross Value Added |
HFCs |
Housing Finance Companies |
HPC |
High Powered Committee on UCBs |
HQLA |
High Quality Liquid Assets |
HRMD |
Human Resource Management Department |
HRM-SC |
Human Resource Management Sub-Committee |
HTM |
Held-to-Maturity |
IADI |
International Association of Deposit Insurers |
IASS |
Integrated Accounting Software Solution |
IBA |
Indian Banks’ Association |
IBS |
International Banking Statistics |
ICD |
Institute for Capacity Development |
ICSDs |
International Central Securities Depositories |
ICT |
Information & Communication Technology |
IDBI |
Industrial Development Bank of India |
IDPMS |
Import Data Processing and Monitoring System |
IDRBT |
Institute for Development and Research in Banking Technology |
IFC |
International Finance Corporation |
IFCs |
Infrastructure Finance Companies |
IFI |
International Financial Institution |
IFRS |
International Financial Reporting Standards |
IFTAS |
Indian Financial Technology and Allied Services |
IGIDR |
Indira Gandhi Institute of Development Research |
IIBM |
International Institute of Business Management |
IIP |
Index of Industrial Production |
IMF |
International Monetary Fund |
IMPS |
Immediate Payment Service |
Ind AS |
Indian Accounting Standards |
INR |
Indian Rupee |
IORWG |
International Operational Risk Working Group |
IOSCO |
International Organisation of Securities Commission |
IPOs |
Initial Public Offerings |
IRDA |
Insurance Regulatory and Development Authority |
IRF |
Inter-Regulatory Forum |
IRS |
Interest Rate Swaps |
IRTG |
Inter-Regulatory Technical Group |
IS |
Information Security |
ISI |
Indian Statistical Institute |
ISO |
International Standardisation Organisation |
ISOC |
Information Security Operations Centre |
ISPB |
Index of Service Production for Banking Sector |
IT |
Information Technology |
ITBs |
Intermediate Treasury Bills |
IT-SC |
Information Technology Sub-Committee |
JLF |
Joint Lenders’ Forum |
KCC |
Kisan Credit Card |
kWp |
Kilowatt Peak |
KYC |
Know Your Customer |
LABs |
Local Area Banks |
LAF |
Liquidity Adjustment Facility |
LCR |
Liquidity Coverage Ratio |
LEF |
Large Exposures Framework |
LEI |
Legal Entity Identifier |
LLP |
Limited Liability Partnership |
LMS |
Litigation Management System |
LPA |
Long Period Average |
LPG |
Liquefied Petroleum Gas |
MAT |
Minimum Alternate Tax |
MCA |
Ministry of Corporate Affairs |
MCCs |
Mega Currency Chests |
MCLR |
Marginal Cost of Funds Based Lending Rate |
MDR |
Merchant Discount Rates |
MEP |
Minimum Export Price |
MFI |
Multilateral Financial Institution |
MIBOR |
Mumbai Inter-bank Offer Rate |
MICR |
Magnetic Ink Character Recognition |
MIS |
Management Information System |
MIU |
Market Intelligence Unit |
MMS |
Mail Messaging System |
MGNREGA |
Mahatma Gandhi National Rural Employment Guarantee Act |
MoP |
Ministry of Power |
MoU |
Memorandum of Understanding |
MPC |
Monetary Policy Committee |
MPD |
Monetary Policy Department |
MPFA |
Monetary Policy Framework Agreement |
MPR |
Monetary Policy Report |
MSCI |
Morgan Stanley Capital International |
MSEs |
Micro and Small Enterprises |
MSF |
Marginal Standing Facility |
MSMEs |
Micro, Small and Medium Enterprises |
MSPs |
Minimum Support Prices |
MTDS |
Medium-Term Debt Management Strategy |
MTF |
Medium-Term Framework |
MTS |
Mass Transit System |
MTSS |
Money Transfer Service Scheme |
NABARD |
National Bank for Agriculture and Rural Development |
NACH |
National Automated Clearing House |
NAMCABS |
National Mission for Capacity Building of Bankers for Financing MSME Sector |
NBFC |
Non-Banking Financial Company |
NBFC-AA |
NBFC- Account Aggregator |
NDA |
Net Domestic Assets |
NDS-OM |
Negotiated Dealing System-Order Matching |
NDTL |
Net Demand and Time Liabilities |
NEFT |
National Electronic Funds Transfer |
NFA |
Net Foreign Assets |
NFC |
Non Food Credit |
NFS |
National Financial Switch |
NGOs |
Non-Government Organisations |
NHB |
National Housing Bank |
NIBM |
National Institute of Bank Management |
NOF |
Net Owned Funds |
NOFHC |
Non-Operative Financial Holding Company |
NPA |
Non-Performing Asset |
NPCI |
National Payments Corporation of India |
NPI |
Non-Performing Investment |
NPLL |
Normally Permitted Lending Limit |
NPS |
National Pension System |
NRIs |
Non-Resident Indians |
NRLM |
National Rural Livelihood Mission |
NRO |
Non-Resident Ordinary Rupee |
NSEL |
National Spot Exchange Limited |
NSFR |
Net Stable Funding Ratio |
OBE |
Off Balance Sheet Exposures |
OBO |
Office of Banking Ombudsman |
OD |
Overdraft Facility |
O-in-Charge |
Officer-in-Charge |
OMO |
Open Market Operations |
ORM |
Operational Risk Management |
OROP |
One Rank One Pension |
OSMOS |
Off-Site Monitoring and Surveillance System |
OTC |
Over the Counter |
P2P |
Peer-to-Peer |
PACS |
Primary Agricultural Co-operative Societies |
PDMA |
Public Debt Management Agency |
PDs |
Primary Dealers |
PFCE |
Private Final Consumption Expenditure |
PFMIs |
Principles for Financial Market Infrastructures |
PIOs |
Person of Indian Origin |
PMG |
Project Monitoring Group |
PMI |
Purchasing Managers Index |
PMJDY |
Pradhan Mantri Jan-Dhan Yojana |
POL |
Petroleum, Oil and Lubricant |
PoP |
Point of Presence |
PoS |
Point of Sale |
PPIs |
Prepaid Payment Instruments |
PSBs |
Public Sector Banks |
PSLCs |
Priority Sector Lending Certificates |
PSOs |
Payment System Operators |
PSS |
Payment and Settlement Systems Act |
PSU |
Public Sector Unit/Undertaking |
QCCP |
Qualified Central Counterparty |
QIB |
Qualified Institutional Buyer |
QPM |
Quarterly Projection Model |
RAF |
Risk Appetitie Framework |
RBI |
Reserve Bank of India |
RBIA |
Risk-Based Internal Audit |
RBIQ |
Reserve Bank of India Quiz |
RBS |
Risk-Based Supervision |
RBSC |
Reserve Bank Staff College |
RD |
Revenue Deficit |
RDDBFI |
Recovery of Debts Due to Banks and Financial Institutions |
RDs |
Regional Directors |
RE |
Revised Estimate |
ReBIT |
Reserve Bank Information Technology Private Limited |
REER |
Real Effective Exchange Rate |
RFP |
Request For Proposal |
RGG |
Returns Governance Group |
RGS |
Risk Governance Structure |
RHF |
Rural Housing Fund |
RIDF |
Rural Infrastructure Development Fund |
RM |
Reserve Money |
RMD |
Risk Monitoring Department |
RO |
Regional Office |
RoA |
Return on Assets |
RRBs |
Regional Rural Banks |
RRs |
Risk Registers |
RTGS |
Real Time Gross Settlement System |
RTI |
Right to Information Act |
RTL |
Risk Tolerance Limit |
RTS |
Risk Tolerance Statement |
SAARC |
South Asian Association for Regional Cooperation |
SARFAESI |
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest |
SBAs |
Small Borrowal Accounts |
SBI |
State Bank of India |
SCB |
Scheduled Commercial Banks |
SDDS |
Special Data Dissemination Standards |
SDL |
State Development Loans |
SDR |
Strategic Debt Restructuring |
SEACEN |
South East Asian Central Banks |
SEBI |
Securities and Exchange Board of India |
SFBs |
Small Finance Banks |
SFDB |
SAARCFINANCE database |
SFMS |
Structured Financial Messaging System |
SFS |
State Finance Secretaries |
SG |
State Government |
SGB |
Sovereign Gold Bond |
SHGs |
Self-Help Groups |
SIDBI |
Small Industries Development Bank of India |
SIDSPL |
SWIFT India Domestic Services Private Limited |
SIFMIs |
Systemically Important Financial Market Infrastructures |
SLBCs |
State Level Bankers’ Committees |
SLR |
Statutory Liquidity Ratio |
SME |
Small and Medium Enterprises |
SNRR |
Special Non- Resident Rupee |
SPARC |
Supervisory Programme for Assessment of Risk and Capital |
SPMCIL |
Security Printing and Minting Corporation of India Limited |
SRs |
Security Receipts |
StCBs |
State Co-operative Banks |
STOs |
State Treasury Offices |
STP |
Straight-Through Processing |
STRIPS |
Separate Trading of Registered Interest and Principal of Securities |
SWIFT |
Society for Worldwide Interbank Financial Telecommunication |
SWIPS |
System-Wide Important Payment Systems |
TAC |
Technical Advisory Committee |
TAG |
Technical Advisory Group |
T-Bills |
Treasury Bills |
TDS |
Tax Deduction at Source |
TE |
Training Establishment |
TLAC |
Total Loss Absorption Capacity |
TReDS |
Trade Receivable and Discounting System |
TV |
Television |
UAE |
United Arab Emirates |
UCBs |
Urban Co-operative Banks |
UDAY |
Ujwal Discom Assurance Yojana |
UHF |
Urban Housing Fund |
UN-ESCAP |
United Nations Economic and Social Commission for Asia and the Pacific |
VAPT |
Vulnerability Assessment and Penetration Testing |
VaR |
Value at Risk |
VECM |
Vector Error Correction Model |
VOFs |
Visiting Officers Flat |
WACR |
Weighted Average Call Rate |
WALR |
Weighted Average Lending Rate |
WI |
When Issued |
WLAs |
White Label ATMs |
WMA |
Ways and Means Advances |
WP |
Working Paper |
WPI |
Wholesale Price Index |
XBRL |
eXtensible Business Reporting Language |
y-o-y |
Year-on-Year |