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 |
BBF | BRICS Bond Fund |
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 |
SF | SAARCFINANCE |
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 |