ACP

Annual Credit Plan

ACP (Ch VI)

Autorité de Contrôle Prudentiel

ADF

Automated Data Flow

ADR

American Depository Receipt

ADWDRS

Agricultural Debt Waiver and Debt Relief Scheme

AEs

Advanced Economies

AFA

Additional Factor of Authentication

AGL

Aggregate Gap Limit

AIFI

All India Financial Institutions

AIRB

Advanced Internal Rating – Based

ASA

Alternative Standardised Approach

ASBA

Applications Supported by Blocked Amount

AMA

Advanced Measurement Approach

AMC

Asset Management Company

AML

Anti Money Laundering

ANBC

Adjusted Net Bank Credit

APMC

Agricultural Produce Marketing Committee

ARCH

Autoregressive Conditional Heteroskedasticity

ARMS

Auditing and Risk Management Sub-Committee

ATBs

Auction Treasury Bills

ATM

Automated Teller Machine

BC

Business Correspondent

BCBS

Basel Committee on Banking Supervision

BCM

Bank for Currency Management

BCPs

Basel Core Principles

BCSBI

Banking Codes and Standards Board of India

BE

Budget Estimates

BFS

Board for Financial Supervision

BIC

Bayesian Information Criteria

BKC

Bandra Kurla Complex

BIA

Basic Indicator Approach

BO

Banking Ombudsman

BoJ

Bank of Japan

BoP

Balance of Payments

BPM6

Balance of Payments Manual 6

BPO

Business Process Outsourcing

BSBDA

Basic Savings Bank Deposit Account

BSE

Bombay Stock Exchange

CAB

College of Agricultural Banking

CAD

Current Account Deficit

CAFRAL

Centre for Advanced Financial Research and Learning

CBLO

Collateralised Borrowing and Lending Obligation

CBS

Core Banking Solution

CCB

Central Cooperative Bank

CCI

Cabinet Committee on Investments

CCIL

Clearing Corporation of India Ltd.

CCP

Cheque Collection Policies

CD

Certificate of Deposit

CDS

Credit Default Swaps

CDS

Centre for Development Studies

CERC

Central Electricity Regulatory Commission

CERSAI

Central Registry of Securitisation Asset Reconstruction and Security Interest of India

CEO

Chief Executive Officer

CFSA

Committee on Financial Sector Assessment

CFT

Combating Financing of Terrorism

CFM

Carbon Footprint Mapping

CIC

Central Information Commission

CIC

Core Investment Company

CISO

Chief Information Security Officer

CIT

Cash in Transit

CNP

Card Not Present

CNX

CRISIL NSE Index

CoR

Certificate of Registration

CP

Commercial Paper

CP (Ch IX)

Card Present

CPGRAMS

Centralised Public Grievances Redressal and Monitoring System

CPI

Consumer Price Index

CPSS

Committee on Payments and Settlements System

CRAR

Capital to Risk Weighted Assets Ratio

CROMS

Clearcorp Repo Order Matching System

CRR

Cash Reserve Ratio

CSD

Customer Service Department

CSF

Consolidated Sinking Fund

CSO

Central Statistics Office

CTS

Cheque Truncation System

CVA

Credit Valuation Adjustment

CWC

Central Warehousing Corporation

DARPG

Department of Administration Reforms and Public Greviences

DBT

Direct Benefit Transfer

DCC

District Consultative Committee

DCCB

District Central Cooperative Bank

DCCO

Date of Commencement of Commercial Operations

DFC

Dedicated Freight Corridor

DGCA

Director General of Civil Aviation

DICGC

Deposit Insurance and Credit Guarantee Corporation

DIF

Deposit Insurance Fund

DLRC

District Level Review Committee

DMIC

Delhi Mumbai Industrial Corridor

DOTS

Direction of Trade Statistics

DP

Dynamic Provisions

DR

Disaster Recovery

DRG

Development Research Group

DTA

Domestic Tariff Area

DTC

Direct Tax Code

DTL

Demand and Time Liabilities

DvP

Delivery versus Payment

EBT

Electronic Benefit Transfer

ECB

European Central Bank

ECBs

External Commercial Borrowings

ECCS

Express Cheque Clearing System

ECM

Error Correction Model

ECS

Electronic Clearing Service

EEFC

Exchange Earners Foreign Currency

EGARCH

Exponential Generalised Autoregressive Conditional Heteroskedasticity

EKP

Enterprise Knowledge Portal

EMDEs

Emerging Market and Developing Economies

EL

Expected Loss

EOI

Expression of Interest

EOU

Export Oriented Unit

EPC

Engineering, Procurement and Construction

EPZ

Export Processing Zone

ERM

Enterprise-wise Risk Management

ETC

Electronic Toll Collection

ETF

Exchange Traded Fund

EWG

Early Warning Group

EU

European Union

F & O

Future & Options

FAO

Food and Agriculture Organisation

FASB

Financial Accounting Standards Board

FCCB

Foreign Currency Convertible Bonds

FCNR(B)

Foreign Currency Non-Resident(B)

FC-XIII

Thirteenth Finance Commission

FCs

Financial Conglomerates

FCI

Food Corporation of India

FDI

Foreign Direct Investment

FED

Foreign Exchange Department

FEMA

Foreign Exchange Management Act

FETERS

Foreign Exchange Transactions Electronic Reporting System

FIAC

Financial Inclusion Advisory Committee

FII

Foreign Institutional Investor

FIMMDA

Fixed Income Money Market and Derivatives Association

FIP

Financial Inclusion Plan

FIRB

Foundation Internal Rating-Based

FLC

Financial Literacy Centre

FMCG

Fast Moving Consumer Goods

FRA

Forward Rate Agreement

FSA

Fuel Supply Agreement

FSAP

Financial Sector Assessment Programme

FSB

Financial Stability Board

FSDC

Financial Stability and Development Council

FSI

Financial Soundness Indicator

FSLRC

Financial Sector Legislative Reforms Commission

FSR

Financial Stability Report

G20

Group of 20

GAAR

General Anti-Avoidance Rule

GARCH

Generalised Autoregressive Conditional Heteroskedasticity

GDCF

Gross Domestic Capital Formation

GRF

Guarantee Redemption Fund

GDP

Gross Domestic Product

GDR

Global Depository Receipt

GDS

Gold Deposit Scheme

GFCE

Government Final Consumption Expenditure

GFCF

Gross Fixed Capital Formation

GFD

Gross Fiscal Deficit

GHG

Green House Gas

GoI

Government of India

GSDP

Gross State Domestic Product

G-sec

Government Securities

GST

Goods and Services Tax

GVA

Gross Value Added

HCL

Hindustan Copper Ltd.

HLFC

High Level Steering Committee

HP

Hodrick Prescott

HTM

Held to Maturity

IASB

International Accounting Standards Board

IBAN

International Bank Account Number

IBPS

India Bill Payment System

ICCL

Indian Clearing Corporation Ltd.

ICERT

Indian Computer Emergency Response Team

ICT

Information and Communication Technology

IDRBT

Institute for Development and Research in Banking Technology

IFC

Indian Financial Code

IFRS

International Financial Reporting Standards

IFSC

Indian Financial System Code

IGIDR

Indira Gandhi Institute of Development Research

IIB

Inflation Indexed Bond

IIBM

Indian Institute of Bank Management

IIM

Indian Institute of Management

IIP

Index of Industrial Production

IMA

Internal Models Approach

IMF

International Monetary Fund

INR

Indian Rupee

Ind AS

Indian Accounting Standards

IOSCO

International Organisation of Securities Commissions

IP

Internet Protocol

IPA

Issuing and Paying Agent

IPO

Initial Public Offering

IRAC

Income Recognition and Asset Classification

IRB

Internal Ratings-Based

IRDA

Insurance Regulatory and Development Authority

IRF

Impulse Response Function

IRF

Interest Rate Futures

IRF

Inter Regulatory Forum

IRS

Interest Rate Swaps

IS

Information Systems

ISACA

Information Systems Audit and Control Association

ISO

International Organisation for Standardisation

iSOC

Information Security Operations Centre

IT

Information Technology

ITBs

Intermediate Treasury Bills

ITEs

Inter-group Transactions and Exposures

ITP

India-IMF Training Programme

ITSC

Information Technology Sub-Committee

IVRS

Interactive Voice Response System

JV/WOS

Joint Venture/Wholly Owned Subsidiary

KAs

Key Attributes

KCC

Kisan Credit Card

KYC

Know Your Customer

LAB

Local Area Bank

LAF

Liquidity Adjustment Facility

LBS

Lead Bank Scheme

LCR

Liquidity Coverage Ratio

LGD

Loss Given Default

LIC

Life Insurance Corporation of India

LPA

Long Period Average

LPG

Liquefied Petroleum Gas

LRM

Liquidity Risk Management

LSAP

Large Scale Asset Purchase

LTV

Loan to Value

MA & ST

Management Audit & System Inspection

MCA

Ministry of Corporate Affairs

MDR

Merchant Discount Rate

MF

Mutual Fund

MIBOR

Mumbai Interbank Offer Rate

MICR

Magnetic Ink Character Recognition

MoU

Memorandum of Understanding

MMoU

Multilateral Memorandum of Understanding

MSCI

Morgan Stanley Capital International

MSE

Micro and Small Enterprises

MSF

Marginal Standing Facility

MSME

Micro, Small and Medium Enterprises

MTSS

Money Transfer Service Scheme

NABARD

National Bank for Agriculture and Rural Development

NACH

National Automated Clearing House

NALCO

National Aluminium Company Ltd.

NBCC

National Buildings Construction Corporation Ltd.

NBFC-IFC

Non-Banking Financial Companies-Infrastructure Finance Companies

NBFC-MFI

Non-Banking Financial Companies-Microfinance Institutions

NBFCs

Non-Banking Financial Companies

NCD

Non-Convertible Debenture

NCFE

National Centre for Financial Education

NDF

Non-Deliverable Forward

NDS-OM

Negotiated Dealing System- Order Matching System

NECS

National Electronic Clearing Service

NEER

Nominal Effective Exchange Rate

NEFT

National Electronic Fund Transfer

NGO

Non-Governmental Organisation

NG-RTGS

Next Generation RTGS

NHAI

National Highway Authority of India

NHB

National Housing Bank

NIBM

National Institute of Bank Management

NIM

Net Interest Margin

NIMZ

National Investment and Manufacturing Zone

NMDC

National Mineral Development Corporation

NMP

National Manufacturing Policy

NOC

No Objection Certificate

NOF

Net Owned Funds

NOFHC

Non-Operative Financial Holding Company

NOOP

Net Overnight Open Position

NOOPL

Net Overnight Open Position Limited

NPA

Non Performing Asset

NPCI

National Payments Corporation of India

NPV

Net Present Value

NR(E)RA

Non-Resident (External) Rupee Account

NRE

Non Resident External

NREGA

National Rural Employment Guarantee Act

NRI

Non Resident Indian

NRO

Non Resident Ordinary

NSCCL

National Securities Clearing Corporation Ltd.

NSE

National Stock Exchange

NSFE

National Strategy for Financial Education

NSM

Note Sorting Machine

NSSO

National Sample Survey Organisation

NTPC

National Thermal Power Corporation

OBC

Other Backward Class

OBE

Off-Balance Sheet Exposure

OBO

Offices of the Banking Ombudsman

OD

Overdraft

OEA

Office of Economic Adviser

OECD

Organisation for Economic Cooperation and Development

OIL

Oil India Ltd.

OIS

Overnight Index Swap

OMC

Oil Marketing Companies

OMO

Open Market Operation

OPEC

Organisation of Petroleum Exporting Countries

OFRS

Online Return Filing System

OTC

Over the Counter

OVL

Oil and Natural Gas Corporation Videsh Ltd.

PACS

Primary Agricultural Credit Societies

PAN

Permanent Account Number

PB

Price to Book

PDO-NDS

Public Debt Office-Negotiated Dealing System

PD

Primary Dealer

PE

Price Earnings

PFCE

Private Final Consumption Expenditure

PFMIs

Principles for Financial Market Infrastructures

PPRDA

Pension Fund Regulatory and Developmental Authority

PIO

Persons of Indian Origin

PLF

Plant Load Factor

PMLA

Prevention of Money Laundering Act

PMO

Prime Minister’s Office

POL

Petroleum, Oil and Lubricants

POS

Point of Sale

PPI

Producer Price Index

PPI

Prepaid Payment Instrument

PPP

Public Private Partnership

PSB

Public Sector Bank

PSS

Perimeter Security Solution

PSU

Public Sector Undertaking

QE

Quantitative Easing

QARC

Qualified Audit Report Review Committee

QIP

Qualified Institutional Placement

QRB

Quality Review Board

R&D

Research and Development

RBI

Reserve Bank of India

RBIA

Risk Based Internal Audit

RBIQ

RBI Inter-school Quiz

RBI WPS

RBI Working Paper Series

RBS

Risk Based Supervision

RBSC

Reserve Bank Staff College

RCF

Rashtriya Chemicals and Fertilisers Ltd.

RD

Revenue Deficit

RE

Revised Estimates

RECS

Regional Electronic Clearing Service

REER

Real Effective Exchange Rate

RFP

Request for Proposal

RIDF

Rural Infrastructure Development Fund

RMA

Royal Monetary Authority

RoA

Return on Asset

RoE

Return on Equity

RRB

Regional Rural Bank

RTGS

Real Time Gross Settlement System

RTI

Right to Information

S&P

Standard and Poor's

SAARC

South Asian association for Regional Cooperation

SAIL

Steel Authority of India Ltd.

SBC

Schwarz Bayesian Criterion

SBS

Shredding and Briquetting System

SCB

Scheduled Commercial Bank

SDL

State Development Loans

SEACEN

South East Asian Central Banks

SEBI

Securities and Exchange Board of India

SEZ

Special Economic Zone

SHG

Self Help Group

SIDBI

Small Industries Development Bank of India

SIFI

Systemically Important Financial Institution

SLBC

State Level Bankers' Committee

SLR

Statutory Liquidity Ratio

SME

Small and Medium Enterprise

SMM

Standardised Measurement Method

SOFTEX

Software Export Declaration

SP

Specific Provisions

StCB

State Cooperative Bank

STCCS

Short Term Cooperative Credit Structure

STCRC

Short Term Cooperative Rural Credit

STPI

Software Technology Parks of India

SWC

State Warehousing Corporation

SWIFT

Society for Worldwide Interbank Financial Telecommunication

T-bill

Treasury Bill

TERI

The Energy and Resources Institute

TFYP

Twelfth Five Year Plan

TSA

The Standardised Approach

UAE

United Arab Emirates

UCBs

Urban Cooperative Banks

UCIC

Unique Customer Identification Code

UID

Unique Identification Number

UNCTAD

United Nations Conference on Trade and Development

US

United States

UVI

Unit Value Indices

VA-PT

Vulnerability Assessment-Penetration Testing

VAR

Vector Autoregression

VaR

Value at Risk

VC

Video Conferencing

VECM

Vector Error Correction Model

WADR

Weighted Average Discount Rate

WAEIR

Weighted Average Effective Interest Rate

WDRA

Warehousing Development and Regulatory Authority

WEF

World Economic Forum

WLAs

White Label ATMs

WMA

Ways and Means advances

WPI

Wholesale Price Index

XBRL

eXtensible Business Reporting Language

XML

Extreme Markup Language

YTM

Yield to Maturity

ZTC

Zonal Training Centre