LIST OF ABBREVIATIONS

AAIFR

Appellate Authority for Industrial and

Financial Reconstruction

BFSI

Banking, Financial Services and

Insurance

ACE

Asset Care Enterprise Ltd.

BIFR

ACH

Automated Clearing Houses

Board for Industrial and Financial

Reconstruction

ACU

Asian Clearing Union

BIMST-EC

AD

Authorised Dealer

Bangladesh, India, Myanmar,

Sri Lanka, Thailand Economic
Cooperation

ADB

Asian Development Bank

BIMSTEC

ADR

American Depository Receipt

Bay of Bengal Initiative for MultiSectoral Technical and Economic

Cooperation

AFS

Available for Sale

BIS

Bank for International Settlements

AFTA

ASEAN Free Trade Area

BoP

Balance of Payments

AIBP

Accelerated Irrigation Benefit

Programme

BPL

Below Poverty Line

AICL

Agricultural Insurance Company of

India Ltd.

BPLR

Benchmark Prime Lending Rate

BPO

Business Process Outsourcing

BPSS

Board for Payment and Settlement

Systems

BRBNMPL

Bharatiya Reserve Bank Note Mudran

Private Limited

BSE

The Stock Exchange, Mumbai

BSR

Basic Statistical Returns

BTC

Bankers Training College

AIFI

All India Financial Institutions

ALD

Aggregate Liabilities to the Depositors

ALM

Asset Liability Management

AMFI

Association of Mutual Funds in India

AML

Anti Money Laundering

AMS

Aggregate Measures of Support

AoA

Agreement on Agriculture
CA

Certification Authority

APDRP

Accelerated Power Development and

Reform Programme

CAB

College of Agricultural Banking

APL

Above Poverty Line

CAC

Collective Action Clause

APM

Administered Price Mechanism

CAG

Comptroller and Auditor General

ARC

Asset Reconstruction Company

CBI

Central Bureau of Investigation

ARCIL

Asset Reconstruction Company of

India Ltd.

CBDT

Central Board of Direct Taxes

CBLO

ARDC

Agriculture Refinance and

Development Corporation

Collateralised Borrowing and Lending

Obligation

CBoT

Chicago Board of Trade

AS

Accounting Standard

CBSL

Central Bank of Sri Lanka

ASCI

Administrative Staff College of India

CBS

Consolidated Banking Statistics

ASEAN

Association of South East Asian

Nations

CCA

Controller of Certifying Authorities

ATC

Agreement on Textile and Clothing

CCIL

Clearing Corporation of India Limited

ATM

Automated Teller Machine

CCP

Central Counter Party

BCBS

Basel Committee
Supervision

CD

Certificate of Deposit

CDBMS

BCP

Business Continuity Plan

Central Database Management

System

BFS

Board for Financial Supervision

CDR

Corporate Debt Restructuring

on

Banking

xv

LIST OF ABBREVIATIONS

CD-ROM

Compact Disk Read Only Memory

CEA

Central Electricity Authority

CECA

Comprehensive Economic
Cooperation Agreement

CENVAT

Central Value Added Tax

CEO

Chief Executive Officer

CEPA

Comprehensive Economic Partnership

Agreement

CEPR

Centre for Economic Policy Research

CEPT

Common External Preferential Tariff

CFMS

Centralised Funds Management

System

CFS

Consolidated Financial Statement

CFTS

Centralised Funds Transfer System

CGRA

Currency and Gold Revaluation

Account

CSIR

Council of Scientific and Industrial

Research

CSO

Central Statistical Organisation

CSP

Central Sector Project

CVPS

Currency Verification and Processing

System

DAD

Deposit Accounts Department

DAPM

Depar tment of Administration and

Personnel Management

DBOD

Department of Banking Operations

and Development

DBS

Department of Banking Supervision

DC-DB

Defined Contribution- Defined Benefit

DCA

Debtor-Creditor Agreement

DCCB

District Central Co-operative Bank

DCM

Department of Currency Management

CGTSI

Credit Guarantee Fund Trust for Small

Industries

DEAP

Department of Economic Analysis and

Policy

CIB

Capital Indexed Bond

DEBC

CIBIL

Credit Information Bureau of India

Limited

Depar tment of Expenditure and

Budgetary Control

DEIO

Department of External Investments

and Operations

DESACS

Department of Statistical Analysis and

Computer Services

DFHI

Discount and Finance House of India

DFI

Development Finance Institution

DFID

Department For International

Development

DFRC

Duty Free Replenishment Certificate

DGBA

Department of Government and Bank

Accounts

DGCI&S

Directorate General of Commercial

Intelligence and Statistics

CIS

Commonwealth of Independent States

CLA

Central Listing Authority

CLF

Collateralised Lending Facility

COD

Central Office Department

CoR

Certificate of Registration

CPIS

Coordinated Portfolio Investment

Survey

CPI

Consumer Price Index

CPI-IW

Consumer Price Index for Industrial

Workers

CPR

Consolidated Prudential Report

CP

Commercial Paper

DICGC

CPSS

Committee on Payment and

Settlement Systems

Deposit Insurance and Credit

Guarantee Corporation

DIT

Department of Information Technology

DNBS

Department of Non-Banking
Supervision

DNSS

Deferred Net Settlement System

DP

Depository Participant

DRDA

District Rural Development Agency

DRG

Development Research Group

CPSU

Central Power Sector Utility

CRAR

Capital to Risk Weighted Assets Ratio

CRM

Country Risk Management

CRR

Cash Reserve Ratio

CSGL

Constituents' Subsidiar y General

Ledger Account

xvi

LIST OF ABBREVIATIONS

FCNRA

Foreign Currency Non-Resident

Account

FCNR(B)

Foreign Currency Non-Resident

(Banks)

Debt Recovery Tribunal

FCRA

Forward Contract Regulation Act

Domestic Tariff Area

FCCB

Foreign Currency Convertible Bond

DTL

Demand and Time Liabilities

FDI

Foreign Direct investment

DvP

Delivery versus Payment

FEDAI

DWCRA

Development of Women and Children

in Rural Areas

Foreign Exchange Dealers

Association of India

FED

Foreign Exchange Department

DRI

Differential Rate of Interest

DRS

Disaster Recovery System

DSS

Debt Swap Scheme

DRT

DTA

EC

Exchange Control

FEMA

Foreign Exchange Management Act

ECB

External Commercial Borrowing

FER

Foreign Exchange Reserves

ECD

Exchange Control Department

FET-ERS

ECGC

Export Credit Guarantee Corporation

Foreign Exchange Transactions Electronic Reporting System

ECN

Electronic Communication Network

FI

Financial Institution

ECR

Export Credit Refinance

FII

Foreign Institutional Investor

ECS

Electronic Clearing Services

FIIS

Farm Insurance Income Scheme

EDI

Electronic Data Interchange

FIMMDA

Fixed Income Money Market and

Derivatives Association of India

EDIFAR

Electronic Data Information Filing and

Retrieval

FMCG

Fast Moving Consumer Goods

EEA

Exchange Equalisation Account

FRA

Forward Rate Agreement

EEFC

Exchange Earners' Foreign Currency

Account

FRB

Floating Rate Bond

FRBM

Fiscal Responsibility and Budget

Management

EFC

Eleventh Finance Commission

EFT

Electronic Funds Transfer

FRL

Full Reservoir Level

EKMS

Enterprise Knowledge Management

System

FSSA

Financial System Stability

Assessments

EME

Emerging Market Economy

FTP

Financial Transaction Plan

EMM

Enterprise Maturity Model

FTT

Foreign Travel Tax

EMU

European Monetary Union

G-20

Group of Twenty

EOU

Export Oriented Unit

GAAP

Generally Accepted Accounting

Principles

EPCG

Export Promotion Capital Goods

GATS

ESCAP

Economic and Social Commission for

Asia and the Pacific

General Agreement on Trade in

Services

GATT

ESOP

Employees Stock Option Plan

General Agreement on Tariffs and

Trade

EU

European Union

GB

Giga-bytes

EXIM

Export Import

GCF

Gross Capital Formation

FAQ

Frequently Asked Question

GDCF

Gross Domestic Capital Formation

FCA

Foreign Currency Assets

GDP

Gross Domestic Product

FCI

Food Corporation of India

GDS

Gross Domestic Saving

xvii

LIST OF ABBREVIATIONS

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

Green Shoe Option

IEA

International Energy Agency

Goods and Services Tax

IECD

GTB

Global Trust Bank

Industrial and Export Credit

Department

HACCP

Hazard Analysis and Critical Control

Points

IEM

Industrial Entrepreneurs Memoranda

IFC

International Finance Corporation

HFC

Housing Finance Company

IFCI

Industrial Finance Corporation of India

HFT

Held for Trading

IFI

International Financial Institution

HLCCFCM

High Level Co-ordination Committee

on Financial and Capital Market

IFR

Investment Fluctuation Reserve

HR

Human Resources

IIBI

Industrial Investment Bank of India

HRDD

Human Resources Development

Department

IIP

Index of Industrial Production

IIP

International Investment Position

GDR

Global Depository Receipt

GFCF

Gross Fixed Capital Formation

GFD

Gross Fiscal Deficit

GIC

General Insurance Corporation of

India

GoI

Government of India

GRF

Guarantee Redemption Fund

GSO

GST

HTM

Held to Maturity

IIT

Indian Institute of Technology

HUDCO

Housing and Urban Development

Corporation

IMD

India Meteorological Department

IMF

International Monetary Fund

IAS

Integrated Accounting System

IMFC

IASC

Inspection and Audit Sub-Committee

International Monetary and Financial

Committee

IATT

Inland Air Travel Tax

INFINET

Indian Financial Network

IBA

Indian Banks Association

IOSCO

IBS

International Banking Statistics

International Organisation of
Securities Commissions

ICA

Inter-creditor Agreement

IPO

Initial Public Offering

ICAI

Institute of Chartered Accountants of

India

IRB

Internal Rating Based

IRDA

Insurance Regulatory and

Development Authority

IRF

Interest Rate Future

IRS

Interest Rate Swap

ICC

International Credit Card

ICCOMS

Integrated Computerised Currency

Operation and Management System

ICDs

Inter-corporate Deposits

ISA

Information System Audits

ICG

Interactive Co-ordination Group

ISP

Information Security Policy

ICOR

Incremental Capital Output Ratio

ISN

International System of Nomenclature

ID

Inspection Department

IT

Information Technology

IDC

International Data Corporation

ITES-BPO

IDBI

Industrial Development Bank of India

Infor mation Technology Enabled

Ser vices and Business Process
Outsourcing

xviii

LIST OF ABBREVIATIONS

JCI

Jute Corporation of India

MPI

Macro-Prudential Indicator

JNIDB

Jawaharlal Nehru Institute of

Development Banking

MRTP

Monopolies and Restrictive Trade

Practices

JPC

Joint Parliamentary Committee

MSCS

Multi-State Co-operative Societies

JV

Joint Venture

MSS

Market Stabilisation Scheme

KCC

Kisan Credit Card

MSP

Minimum Support Price

KVIC

Khadi and Village Industries

Commission

MTFRP

Medium-Term Fiscal Reforms

Programme

KYC

Know Your Customer

MW

Mega Watts

LAB

Local Area Bank

NABARD

LAF

Liquidity Adjustment Facility

National Bank for Agriculture and Rural

Development

LAN

Local Area Network

NASSCOM

National Association of Software and

Services Companies

LaR

Liquidity at Risk

NAFED

LBS

Locational Banking Statistics

National Agricultural Co-operative

Marketing Federation

LC

Letter of Credit

NAV

Net Asset Value

LD

Legal Department

NFA

Net Foreign Assets

LIC

Life Insurance Corporation of India

NHB

National Housing Bank

LIBOR

London Inter-Bank Offered Rate

NBFC

Non-Banking Financial Company

LIFFE

London Inter-Bank Financial Futures

Exchange

NCAER

National Council of Applied Economic

Research

LPA

Long Period Average

NCD

Non-Convertible Debenture

LPG

Liquefied Petroleum Gas

NDA

Net Domestic Assets

LTO

Long Term Operations

NDS

Negotiated Dealing System

LVPS

Large Value Payment Systems

NDTL

Net Demand and Time Liabilities

M&A

Merger and Acquisition

NEP

National Electricity Policy

M3

Broad Money

NEER

Nominal Effective Exchange Rate

MASI

Management Audit Systems

Inspection

NEFT

National Electronic Funds Transfer

NFBS

National Family Benefit Scheme

MAT

Minimum Alternate Tax

NGO

Non-Government Organisation

MB

Mega-byte

NHAI

National Highway Authority of India

MBS

Mortgage-Backed Securities

NHB

National Housing Bank

MFA

Multi Fibre Agreement

NIAS

National Impact Assessment Survey

MG

Mahatma Gandhi

NIBM

National Institute of Bank Management

MICR

Magnetic Ink Character Recognition

NIC

National Industrial Credit

MIFOR

Mumbai Inter-Bank Forward Offered Rate

NMBS

National Maternity Benefit Scheme

MIS

Management Information System

NMS

Network Management System

MNBC

Miscellaneous Non-Banking Company

NOAPS

National Old Age Pension Scheme

MoU

Memorandum of Understanding

NOF

Net Owned Fund

MPBF

Maximum Permissible Bank Finance

NPA

Non-Performing Asset

xix

LIST OF ABBREVIATIONS

NPC

National Payments Council

PAT

Profit After Tax

NRB

Nepal Rastra Bank

PBT

Profit Before Tax

NRE

Non-Resident External

PCA

Prompt Corrective Action

NRI

Non-Resident Indian

PCD

Partially Convertible Debenture

NR(NR)RD

Non-Resident (Non-Repatr iable)

Rupee Deposits

PD

Premises Department

PD

Primary Dealer

NRO

Non-Resident Ordinary Accounts

PDO

Public Debt Office

NRSR

Non-Resident Special Rupee Deposits

PDS

Public Distribution System

NSAP

National Social Assistance

Programme

PFC

Power Finance Corporation

NSC

National Statistical Commission

PFI

Public Financial Institution

NSE

National Stock Exchange

PIO

Person of Indian Origin

NSSF

National Small Saving Fund

PKI

Public Key Infrastructure

NSE-MIBOR

National Stock Exchange-Mumbai

Inter-Bank Offered Rate

PLR

Prime Lending Rate

P&L

Profit and Loss

NSDL

National Securities Depository Ltd.

PMGSY

Pradhan Mantri Gram Sadak Yojana

NSF

Net Satisfaction Factor

PMGY

Pradhan Mantri Gramodaya Yojana

NSS

National Settlement System

PMO

Primary Market Operations

NIC

National Industrial Credit

PMRY

Prime Minister's Rozgar Yojana

O&M

Operation and Maintenance

PMS

Portfolio Management Services

OBC

Oriental Bank of Commerce

POL

Petroleum, Oil and Lubricants

OBCs

Other Backward Classes

PRD

Press Relations Division

OBU

Offshore Banking Unit

PSB

Public Sector Bank

OCB

Overseas Corporate Body

PSRS

OD

Overdraft

Prudential Supervisory Reporting

System

OECD

Organisation for Economic

Cooperation and Development

PSSC

Payment and Settlement Systems

Committee

OERS

Optional Early Retirement Scheme

PSU

Public Sector Undertaking

OLTAS

Online Tax Accounting Systems

PTA

Preferential Trading Agreement

OMO

Open Market Operation

QIS

Quantitative Impact Study

ONGC

Oil and Natural Gas Commission

RBS

Risk-Based Supervision

OPAC

Online Public Access Catalogue

RBSB

Reserve Bank Services Board

OPEC

Organisation of Petroleum Exporting

Countries

RBSC

Reserve Bank Staff College

RC

Reconstruction Companies

OSMOS

Off-site Monitoring and Surveillance

RD

Revenue Deficit

OTCEI

Over-the-Counter Exchange of India

RDBMS

OTS

One-Time Settlement

Relational Data Base Management

System

OWS

Other Welfare Schemes

REC

Rural Electrification Corporation

PAS

Performance Appraisal System

REER

Real Effective Exchange Rate

xx

LIST OF ABBREVIATIONS

RFC(D)

Resident Foreign Currency (Domestic)

SDDS

Special Data Dissemination Standards

Repo

Ready Forward/Repurchase Agreement

SDF

Submission of Declaration Form

RIB

Resurgent India Bond

SDRM

RIDF

Rural Infrastructure Development

Fund

Sovereign Debt Restructuring

Mechanism

SDR

Special Drawing Right

RIN

Risk Intelligence Network

SEBI

Securities and Exchange Board of India

RNBC

Residuary Non-Banking Company

SEB

State Electricity Board

RO

Regional Office

SEFER

ROA

Return on Total Assets

Securities held as Foreign Exchange

Reserves

ROE

Return on Equity

SEFT

Special Electronic Funds Transfer

RPCD

Rural Planning and Credit Department

SERC

State Electricity Regulatory

Commission

RPT

Risk Profile Template

SEZ

Special Economic Zone

RRB

Regional Rural Bank

SFC

State Financial Corporation

RSSS

Recommendations for Securities

Settlement System

SFMS

Structured Financial Messaging

Solution

RTGS

Real Time Gross Settlement

SGL

Subsidiary General Ledger

RTIA

Regional Trade and Investment Area

SGSY

Swarnajayanti Gram Swarozgar Yojana

RTP

Reserve Tranche Position

SHG

Self-Help Group

SAARC

South Asian Association for Regional

Cooperation

SHPI

Self-Help Promoting Institutions

SIDBI

SACP

Special Agricultural Credit Plan

Small Industrial Development Bank of

India

SAD

Special Additional Duty

SIDC

SAFE

South Asian Federation of Stock

Exchanges

Small Industries Development

Corporation

SIFI

Systemically Important Financial

Intermediary

SIPS

Systemically Important Payment

System

SITP

Strategic Information Technology Plan

SJSRY

Swar na Jayanthi Shahari Rozgar

Yojana

SAFTA

South Asian Free Trade Agreement

SAPTA

South Asian Preferential Trade

Agreement

SARFAESI Act

Securitisation and Reconstruction of

Financial Assets and Enforcement of
Security Interest Act, 2002

SARB

South African Reserve Bank

SLR

Statutory Liquidity Ratio

SARS

Severe Acute Respiratory Syndrome

SLRS

SASF

Stressed Assets Stabilisation Fund

Scheme of Liberation and

Rehabilitation of Scavengers

SBI

State Bank of India

SME

Small and Medium Enterprise

SBS

Shredding and Briquetting System

SMP

Statutory Minimum Price

SC

Securitisation Companies

SOR

States' Own Revenue

SCB

Scheduled Commercial Bank

SPSU

State Public Sector Undertaking

SC

Scheduled Caste

SPV

Special Purpose Vehicle

SCRA

Securities Contracts (Regulation)

Act, 1956

SSI

Small Scale Industry

SSS

Securities Settlement System

xxi

LIST OF ABBREVIATIONS

STP

Straight Through Processing

UR

Uruguay Round

STRIPS

Separate Trading for Registered

Interest and Principal of Securities

URIF

Urban Reforms Incentive Fund

VAMNICOM

ST

Scheduled Tribe

Vaikunth Mehta National Institute of

Co-operative Management

SIFI

Systemically Impor tant Financial

Intermediaries

VaR

Value at Risk

VAR

Vector Auto Regression

SWIFT

Society for Worldwide Inter-bank

Financial Telecommunications

VAT

Value Added Tax

TAC

Technical Advisory Committee

VRS

Voluntary Retirement Scheme

TBT

Technical Barriers to Trade

WADR

Weighted Average Discount Rate

TFCI

Tourism Finance Corporation of India

WAN

Wide Area Network

TFPG

Total Factor Productivity Growth

WCDL

Working Capital Demand Loan

TIN

Tax Information Network

WDM

Wholesale Debt Market

ToR

Terms of Reference

WHO

World Health Organization

TPA

Tri-Partite Agreement

WMA

Ways and Means Advance

TPDS

Targeted Public Distribution System

WOS

Wholly Owned Subsidiaries

TQM

Total Quality Management

WPI

Wholesale Price Index

TUFS

Technology Upgradation Fund Scheme

WSS

Weekly Statistical Supplement

UBD

Urban Banks Department

WTO

World Trade Organization

UCB

Urban Co-operative Bank

XLRI

Xavier Labour Relations Institute

UIP

Uncovered Interest Parity

Y-on-Y

Year-on-Year

UNCTAD

United Nations Conference for Trade

and Development

YTM

Yield-to-Maturity

ZTC

Zonal Training Centres

This Report can also be accessed on Internet

URL : www.rbi.org.in

xxii