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Annual Report

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(47 kb)
Date : May 27, 2021
Select Abbreviations
AACS As Applicable to Cooperative Societies
ABs Autonomous Bodies
AD Authorised Dealer
ADF Asset Development Fund
AEs Advanced Economies
AFA Additional Factor of Authentication
AePS Aadhar Enabled Payment System
AI Artificial Intelligence
AID All-Inclusive Directions
AIFIs All India Financial Institutions
AML Anti-Money Laundering
AMRMS Audit Management and Risk Monitoring System
ANBC Adjusted Net Bank Credit
ATBs Auction Treasury Bills
ATM Automatic Teller Machines
AQI Asset Quality Index
AP Authorised Persons
API Application Programming Interface
APIs Active Pharmaceutical Ingredients
APMCs Agriculture Produce Market Committees
ARCs Asset Reconstruction Companies
AREAER Annual Report on Exchange Arrangements and Exchange Restrictions
ARMS Audit and Risk Management Sub-Committee
ASISO Automated Sweep in and Sweep Out
AUM Assets Under Management
BBA Bilateral Borrowing Agreements
BBPOUs Bharat Bill Payment Operating Units
BBPS Bharat Bill Payment System
BCs Business Correspondents
BCBS Basel Committee on Banking Supervision
BCD Basic Customs Duty
BCM Business Continuity Management
BCP Business Continuity Plan
BCSBI Banking Codes and Standards Board of India
BD Banking Department
BE Budget Estimates
BFS Board for Financial Supervision
BHIM Bharat Interface for Money
BIA Basic Indicator Approach
BIS Bank for International Settlements
BLS Bank Lending Survey
BOS Banking Ombudsman Scheme
BoJ Bank of Japan
BPS Basis Points
BPSS Board for Regulation and Supervision of Payment and Settlement Systems
BR Banking Regulations
BRBNMPL Bharatiya Reserve Bank Note Mudran Private Limited
BRICS Brazil, Russia, India, China and South Africa
BSA Bilateral Swap Arrangement
BSS Betaar Sanchar Seva
BSC Building Sub-Committee
BTFP BRICS Task Force on Payments
CA Concurrent Audit
CAD Current Account Deficit
CAFRAL Centre for Advanced Financial Research and Learning
CAMELS Capital Adequacy, Asset Quality, Management, Earnings, Liquidity and Sensitivity
CBDC Central Bank Digital Currency
CBDT Central Board of Direct Taxes
CBG Compressed Bio Gas
CBIC Central Board of Indirect Taxes and Customs
CBS Core Banking Solution
CC Currency Chests
CCB Committee of the Central Board
CCIL Clearing Corporation of India Limited
CCO Chief Compliance Officer
CCS Consumer Confidence Survey
CCyB Countercyclical Capital Buffer
CDs Certificates of Deposit
CD Ratio Credit-to-Deposit Ratio
CDS Credit Default Swaps
CDSL Clearcorp Dealing System (India) Ltd
CEOs Chief Executive Officers
CEOBE Credit Equivalent of Off Balance Sheet Exposure
CEP Consumer Education and Protection
CEPD Consumer Education and Protection Department
CF Contingency Fund
CFL Centres for Financial Literacy
CFM Capital Flow Management Measures
CFR Central Fraud Registry
CFS Consolidated Financial Statements
CGA Controller General of Accounts
CGFS Committee on the Global Financial System
CGRA Currency and Gold Revaluation Account
CICs Core Investment Companies
CiC Currency in Circulation
CII Confederation of Indian Industry
CIMS Centralised Information Management System
CISO Chief Information Security Officer
CLM Co-Lending Model
CMBs Cash Management Bills
CMS Complaint Management System
CO Central Office
CoA Certificate of Authorisation
COB Central Office Building
CODs Central Office Departments
CoR Certificate of Registration
CoS College of Supervisors
COSMOS Computerised Off-Site Monitoring and Surveillance System
CPC Central Pay Commission
CPs Commercial Papers
CPF Contributory Provident Fund
CPI Consumer Price Index
CPP Comprehensive Pension Package
CPMI-IOSCO Committee on Payments and Market Infrastructures-International Organisation of Securities Commissions
CPSEs Central Public-Sector Enterprises
CPWD Central Public Works Department
CRA Contingent Reserve Arrangement
CRAR Capital to Risk Weighted Assets Ratio
CRILC Central Repository of Information on Large Credits
CRM Credit Risk Mitigation
CRO Chief Risk Officer
CRPC Centralised Receipt and Processing Centre
CRR Cash Reserve Ratio
CSAA Control Self-Assessment Audit
CSBD Corporate Strategy and Budget Department
CSF Consolidated Sinking Fund
CSGL Centralised Subsidiary General Ledger
CSII Colour Shift Intaglio Inks
CSPs Critical Service Providers
CTS Cheque Truncation System
CVPS Currency Verification and Processing System
CwP Currency with the Public
CyM Currency Management Module
DBS Development Bank of Singapore
DCCBs District Central Cooperative Banks
DCGI Drugs Controller General of India
DD Demand Drafts
DEA Depositors’ Education and Awareness
DEIO Department of External Investments and Operations
DEPR Department of Economic Policy and Research
DFI Development Finance Institution
DGBA Department of Government and Bank Accounts
DHFL Dewan Housing Finance Ltd.
DICGC Deposit Insurance and Credit Guarantee Corporation
DIF Deposit Insurance Fund
DIS Deposit Insurance Systems
DIT Department of Information and Technology
DoC Department of Communication
DoR Department of Regulation
DoS Department of Supervision
DoT Department of Telecommunications
DPI Digital Payments Index
DPSS Department of Payment and Settlement Systems
DSIM Department of Statistics and Information Management
DSL Data Science Lab
DSSI Debt Service Suspension Initiative
DXP Digital Experience Platform
e-BAAT Electronic Banking Awareness and Training
EBIT Earnings Before Interest and Taxes
ECA Essential Commodities Act
ECB External Commercial Borrowings
ECF Economic Capital Framework
ECCS Express Cheque Clearing System
ECL Expected Credit Losses
ECS Electronic Clearing Service
EDC Executive Directors’ Committee
EDMS Electronic Document Management System
EDSP Electronic Data Submission Portal
EFC Economic and Financial Co-operation
EFD Enforcement Department
EFI External Funded Institutions
EKP Enterprise Knowledge Portal
ELIs Eligible Lending Institutions
EPFO Employees’ Provident Fund Organisation
EM Emerging Market
EMC Expenditure Management Commission
EMDEs Emerging Market and Developing Economies
EMEs Emerging Market Economies
EMV Europay, MasterCard and Visa
EoI Expression of Interest
ERM Enterprise wide Risk Management
ETCD Exchange Traded Currency Derivatives
EU European Union
EVs Electric Vehicles
EWS Early Warning Signal
EXIM Export Import Bank of India
FAME Financial Awareness Messages Booklet
FAR Fully Accessible Route
FATF Financial Action Task Force
FAQs Frequently Asked Questions
FBIL Financial Benchmark India Pvt. Ltd
FC Finance Commission
FCA Foreign Currency Asset
FCBs Foreign Central Bank
FCI Financial Conditions Index
FCNR(B) Foreign Currency Non-Resident Account
FCVA Foreign Exchange Forward Contracts Valuation Account
FDI Foreign Direct Investment
FDIC Federal Deposit Insurance Corporation
FED Foreign Exchange Department
FEDAI Foreign Exchange Dealers’ Association of India
FEMA Foreign Exchange Management Act
FFMCs Full-Fledged Money Changers
FER Foreign Exchange Reserves
FETERS Foreign Exchange Transactions Electronic Reporting System
FI Financial Institutions
FICNs Fake Indian Currency Notes
FIMMDA The Fixed Income Money Market and Derivatives Association of India
FinTech Financial Technology
FIPs Financial Inclusion Plans
FIRMS Foreign Investment Reporting Management System
FLCs Financial Literacy Centres
FLW Financial Literacy Week
FMCG Fast Moving Consumer Goods
FMOD Financial Markets Operations Department
FMRD Financial Markets Regulation Department
FPC Farmers Producers Companies
FPI Foreign Portfolio Investment
FPO Farmer Producer Organisation
FRBM Act Fiscal Responsibility and Budget Management Act
FPOs Follow-on Public Offers
FRB Floating Rate Bonds
FRL Fiscal Responsibility Legislation
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
FTA Free Trade Agreements
F-TRAC FIMMDA Trade Reporting and Confirmation System
FWG Framework Working Group
G-20 Group of Twenty
GC Governing Council
GDAL Granular Data Access Lab
GDP Gross Domestic Product
GFC Global Financial Crisis
GFCE Government Final Consumption Expenditure
GFD Gross Fiscal Deficit
GHOS Group of Central Bank Governors and Heads of Supervision
GNDI Gross National Disposable Income
GNPA Gross Non-Performing Asset
GoI Government of India
GR Government Report
GRC Governance. Risk management and Compliance
GRF Guarantee Redemption Fund
GRIHA Green Rating for Integrated Habitat Assessment
GRMC Group Risk Management Committee
GRQ General Review of Quotas
G-SAP G-sec Acquisition Programme
G-sec Government Securities
GSLM Government Security Lending Mechanism
GSLBM Government Security Lending and Borrowing Mechanism
GST Goods and Services Taxes
GVA Gross Value Added
GVCs Global Value Chains
HFCs Housing Finance Companies
HLPs High Level Principles
HRMD Human Resource Management Department
HRM-SC Human Resource Management Sub-Committee
HTM Held to Maturity
IADI International Association of Deposit Insurers
IBA Indian Banks’ Association
IBC Insolvency and Bankruptcy Code
IBS International Banking Statistics
ICAI Institute of Chartered Accountants of India
ICEGATE Indian Customs Electronic Gateway
ICMTS Integrated Compliance Management and Tracking System
ICR Interest Coverage Ratio
ICSDs International Central Securities Depositories
ICT Information and Communication Technology
ID Issue Department
IDMD Internal Debt Management Department
IESH Inflation Expectations Survey of Households
IFA International Financial Architecture
IFA WG International Financial Architecture Working Group
IFSCA International Financial Services Centres Authority
IFTAS Indian Financial Technology & Allied Services
IGBC Indian Green Building Council
IGIDR Indira Gandhi Institute of Development Research
IGST Integrated Goods and Service Tax
IIBM Indian Institute of Bank Management
IIFC India Infrastructure Finance Company
IIP Index of Industrial Production
IL&FS Infrastructure Leasing & Financial Services
IMF International Monetary Fund
IMFC International Monetary and Financial Committee
IMPS Immediate Payment Service
IMSS Integrated Market Surveillance System
IMU Ink Manufacturing Unit
Indy AS Indian Accounting Standards
INFE International Network on Financial Education
InvITS Infrastructure Investment Trusts
IO Internal Ombudsmen
IOs International Organisations
IOS Industrial Outlook Survey
IRACP Income Recognition, Asset Classification and Provisioning
IRA-FS Investment Revaluation Account-Foreign Securities
IRA-RS Investment Revaluation Account-Rupee Securities
IRDAI Insurance Regulatory and Development Authority of India
IRF Interest Rate Futures
IRR Interest-Rate Risk
IRRBB Interest Rate Risk in Banking Book
IRRS Integrated Rajbhasha Reporting System
ISS Interest Subvention Scheme
ISWG-PS Inter-Secretariat Working Group on Price Statistics
IT Information Technology
IT-SC Information Technology Sub-Committee
ITBs Intermediate Treasury Bills
IWG Internal Working Group
KLEMS Capital(K), Labour(L), Energy(E), Material(M) and Services(S)
KMS Kharif Marketing Season
KCC Kisan Credit Card
KPI Key Performance Indicators
KYC Know Your Customer
LAB Local Area Banks
LAF Liquidity Adjustment Facility
LBMA London Bullion Market Association
LCR Liquidity Coverage Ratio
LEI Legal Entity Identifier
LFAR Long Form Audit Report
LIBOR London Inter-Bank Offered Rate
LICs Low Income Countries
LMS Learning Management System
LO Liason Office
LOLR Lender of Last Resort
LPA Long Period Average
LSF Late Submission Fees
LTROs Long Term Repo Operations
LTV Loan-to-Value
MA-SAAR Moving Average of Seasonally Adjusted Average Growth Rate
MAF Medical Assistance Fund
MCLR Marginal Cost of Funds-based Lending Rate
MD Managing Director
MeitY Ministry of Electronics and Information Technology
MFIs Microfinance Institutions
MGNREGA Mahatma Gandhi National Rural Employment Guarantee Act
MIS Management Information System
ML Machine Learning
MMLR Market Maker of Last Resort
MMS Mail Messaging System
MoE Memorandum of Error
MoU Memorandum of Understanding
MPC Monetary Policy Committee
MSEs Minimum Supervisory Expectations
MSMEs Micro, Small and Medium Enterprises
MSF Marginal Standing Facility
MSPs Minimum Support Prices
MTF Medium Term Framework
NAB New Agreements to Borrow
NABARD National Bank for Agriculture and Rural Development
NBFC Non-Banking Financial Company
NBFC-D Deposit taking NBFCs
NBFC-ND Non-Deposit taking NBFCs
NBFC-ND-SI Systemically Important Non-Deposit taking NBFCs
NCCDs Non-Centrally Cleared Derivatives
NCDs Non-Convertible Debentures
NCFE National Centre for Financial Education
NDF Non-Deliverable Forward
NDI Non-Debt Instrument
NDTL Net Demand and Time Liabilities
NDS-OM Negotiated Dealing System-Order Matching
NEER Nominal Effective Exchange Rate
NEFT National Electronic Funds Transfer
NFA Net Foreign Assets
NFC Non- Food Credit
NGOs Non-Government Organisations
NGSFMS Next Generation Structured Financial Messaging System
NHB National Housing Bank
NIIF National Investment and Infrastructure Fund
NIM Net Interest Margin
NIP National Infrastructure Pipeline
NOF Net Owned Fund
NOFHC Non-Operative Financial Holding Company
NPA Non-Performing Assets
NPCI National Payments Corporation of India
NSFE National Strategy for Financial Education
NSFI National Strategy for Financial Inclusion
NSSF National Small Savings Fund
NSO National Statistical Office
OBC Other Backward Classes
OBICUS Order Books, Inventories and Capacity Utilisation Survey
OD Overdraft
ODR Online Dispute Resolution
OECD Organisation for Economic Co-operation and Development
OLTAS Online Tax Accounting System
OMBs Open Market Borrowings
OMOs Open Market Operations
OMS Open Market Sales
OPEC Organisation of Petroleum Exporting Countries
OPEC+ Organisation of Petroleum Exporting Countries and allies
OSNBFC Ombudsman Scheme for NBFCs
OTC Over the Counter
PAs Payment Aggregators
PAN Permanent Account Number
PADO Public Administration, Defence and Other Services
PBs Payment Banks
PCR Public Credit Registry
PDs Primary Dealers
PDS Public Distribution System
P/E Price to Earnings Ratio
PE Preliminary Estimates
PF Provident Fund
PFCE Private Final Consumption Expenditure
PFCVA Provision for Forward Contracts Valuation Account
PFMIs Principles for Financial Market Infrastructure
PFMS Public Financial Management System
PIDF Payments Infrastructure Development Fund
PLFS Periodic Labour Force Survey
PLI Production- Linked Incentive
PMC Punjab and Maharashtra Cooperative
PMGKP Pradhan Mantri Garib Kalyan Package
PMGKY Pradhan Mantri Garib Kalyan Yojana
PMGKAY Pradhan Mantri Garib Kalyan Anna Yojana
PMI Purchasing Managers’ Index
PPAC Petroleum Planning and Analysis Cell
PO Project Office
POS Point of Sale
POs Payment Orders
PPIs Prepaid Payment Instruments
PRAKALP Pratayaksh Kar Lekhankan Pranali
PSBs Public Sector Banks
PSL Priority Sector Lending
PSLCs Priority Sector Lending Certificates
PSOs Payment System Operators
PSPs Payment Service Providers
PSS Payment and Settlement Systems
PVT Private Sector Banks
PWD Persons with Disabilities
QIP Qualified Institutional Placement
QPM Quarterly Projection Model
QR Quick Response
RAM-OR Risk Assessment Methodology for Operational Risk
RBA Risk-Based Approach
RBIA Reserve Bank of India Archives
RBIH Reserve Bank Innovation Hub
RBP Risk Based Premium
RBS Risk Based Supervision
RCA Root Cause Analysis
RE Revised Estimates
ReBIT Reserve Bank Information Technology Private Limited
REER Real Effective Exchange Rate
RegTech Regulatory Technology
RFCA Revaluation of Forward Contracts Account
RFP Request for Proposal
RFQ Request for Quote
RIDF Rural Infrastructure Development Fund
RM Reserve Money
RMD Risk Monitoring Department
RMS Rabi Marketing Season
ROs Regional Offices
RPOs Renewable Purchase Obligations
RRBs Regional Rural Banks
RS Regulatory Sandbox
RSD Risk Specialist Division
RTGS Real Time Gross Settlement
RTI Right to Information
RTP Reserve Tranche Position
RTL Risk Tolerance Limits
SA Standardised Approach
SAs Standards on Auditing
SAA Swap Amortisation Account
SAARC The South Asian Association of Regional Cooperation
SAF Supervisory Action Framework
SARTTAC South Asian Regional Training and Technical Assistance Centre
SBLA Securities Borrowing and Lending Arrangement
SBN Special Bank Notes
SCBs Scheduled Commercial Banks
SCRA Securities Contracts Regulation Act
SDRs Special Drawing Rights
SDF Special Drawing Facility
SDLs State Development Loans
SDMX Statistical Data and Metadata Exchange
SEs Supervised Entities
SEACEN South East Asian Central Banks
SEBI Securities and Exchange Board of India
SEDs Supervisory Examination Divisions
SEMI System of Exchange of Macroeconomic Information
SFBs Small Finance Banks
SFDB Several Bilateral SF Database
SFMS Structured Financial Messaging System
SGBs Sovereign Gold Bonds
SGL Subsidiary General Ledger
SIDBI Small Industries Development Bank of India
SIOS Services and Infrastructure Outlook Survey
SLBC State Level Bankers Committees
SLCCs State Level Coordination Committees
SLD Senior Level Dialogue
SLF Special Liquidity Facility
SLF-MF Special Liquidity Facility for Mutual Funds
SLMA Secondary Loan Market Association
SLS Special Liquidity Scheme
SLR Statutory Liquidity Ratio
SoC Sectoral Security Operations Centre
SOFR Secured Overnight Financing Rate
SOP Standard Operating Procedure
SPARC Supervisory Programme for Assessment of Risk and Capital
SPARSH System of Pension Administration (Raksha)
SPDs Standalone Primary Dealers
SPV Special Purpose Vehicle
SPMCIL Security Printing and Minting Corporation of India Limited
SR Secretariat Report
SRO Self-Regulatory Organisation
SSCI Service Sector Composite Index
SSMs Senior Supervisory Managers
ST Service Tax
StCBs State Cooperative Banks
STP Straight Through Processing
STRIPS Separate Trading of Registered Interest and Principal Securities
SupTech Supervisory Technology
SVAMITVA Survey of Villages and Mapping With Improvised Technology in Village Areas
SWIFT Society for Worldwide Interbank Financial Telecommunication
SWM South West Monsoon
TAT Turn Around Time
TACS Technical Advisory Committee in Surveys
T-Bills Treasury Bills
TBTF Too Big to Fail
TGFIFL Technical Group on Financial Inclusion and Financial Literacy
TIN Tax Information System
TLTROs Targeted Long-Term Repo Operations
TOLIC Town Official Language Implementation Committee
TOT Train the Trainer
TPR Trade Policy Review
TRAI Telecom Regulatory Authority of India
TReDS Trade Receivables Discounting System
TSA Treasury Single Account
UCBs Urban Cooperative Banks
UK United Kingdom
UPI Unified Payments Interface
US United States
USSD Unstructured Supplementary Service Data
UAT User Acceptance Testing
UTs Union Territories
UTI Unique Transaction Identifier
UTLBC Union Territory Level Bankers Committees
URL Uniform Resource Locators
URRBCH Uniform Regulations and Rules for Bankers Clearing Houses
VaR/ES Value at Risk/Expected Shortfall
VIX Volatility Index
VRR Voluntary Retention Route
VUCA Vulnerable, Uncertain. Complex and Ambiguous
WACR Weighted Average Call Rate
WADTDR Weighted Average Domestic Term Deposit Rate
WALR Weighted Average Lending Rate
WAM Weighted Average Maturity
WAS Weighted Average Spread
WAY Weighted Average Yield
WEO World Economic Outlook
WG Working Group
WHO World Health Organisation
WLA White Label ATM
WMA Ways and Means Advances
WPI Wholesale Price Index
WSS Weekly Statistical Supplement
WTO World Trade Organisation
WOS Wholly owned Subsidiary
XBRL eXtensible Business Reporting Language
ZTCs Zonal Training Centres