Prakash Yedhula (Lawyer) 14 August 2009

List of Abbreviations

ABCP	Asset Backed Commercial Paper
ABSs	Asset Backed Securities
ACH	Automated Clearing Houses
ACU	Asian Clearing Union
ACU	Additional Competitive Underwriting
ADB	Asian Development Bank
ADR	Asset Development Reserve
ADRs	American Depository Receipts
ADs	Authorised Dealers
ADWRS	Agricultural Debt Waiver and Debt Relief Scheme
AFC	Asset Finance Company
AFI	Annual Financial Inspection
AFS	Available for Sale
AIBP	Accelerated Irrigation Benefit Programme
AIDIS	All India Debt and Investment Survey
AIFI	All India Financial Institution
AIRB	Advanced Internal Rating Based Approach
ALD	Aggregate Liability to Depositors
ALM	Asset-Liability Management
AMA	Advanced Measurement Approach
AMCs	Authorised Money Changers
AML	Anti-Money Laundering
AMP	Advanced Measurement Approach
AMPIs	Aggregated Micro-Prudential Indicators
ANBC	Adjusted Net Bank Credit
APL	Above Poverty Line
APM	Administered Price Mechanism
ARC	Asset Reconstruction Company
AS	Accounting Standard
ASEAN	Association of South East Asian Nations
ATB	Auction Treasury Bill
ATM	Automated Teller Machine
BCs	Business Correspondents
BCBS	Basel Committee on Banking Supervision

BCP	Business Continuity Planning
BCSBI	Banking Codes and Standards Board of India
BCTT	Banking Cash Transaction Tax
BFS	Board for Financial Supervision
BIA	Basic Indicator Approach
BIFR	Board for Industrial and Financial Reconstruction
BIS	Bank for International Settlements
BLA	Bond Ledger Account
BoP	Balance of Payments
BOS	Banking Ombudsman Scheme
BPL	Below Poverty Line
BPLR	Benchmark Prime Lending Rate
BPO	Business Process Outsourcing
BPSS	Board for Regulation and Supervision of 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
CA	Concurrent Audit
CAB	College of Agricultural Banking
CAPIO	Central Assistant Public Information Officer
CBLO	Collateralised Borrowing and Lending Obligation
CBS	Consolidated Banking Statistics
CBS	Core Banking System
CCC	Central Complaints Committee
CCEA	Cabinet Committee on Economic Affairs
CCIL	Clearing Corporation of India Limited
CCP	Central Counter Party
CCRS	Currency Chest Reporting System
CD	Certificate of Deposit
CDBMS	Centralised Data Base Management System
CDOs	Collateralised Debt Obligations

CDR	Corporate Debt Restructuring
CDSs	Credit Default Swaps
CENVAT	Central Value Added Tax
CFCAC	Committe on Fuller Capital Account Convertibility
CFES	Centralised Funds Enquiry System
CFMS	Centralised Funds Management System
CFT	Combating Financing of Terrorism
CFTS	Centralised Funds Transfer System
CGRA	Currency and Gold Revaluation Account
CIB	Capital Indexed Bond
CIBIL	Credit Information Bureau of India Limited
CIC	Central Information Commissioner
CICTAB	Center for International Co-operation and Training in Agricultural Banking
CLCC	Central Level Coordination Committee
CME	Capital Market Exposure
CMIS	Currency Management Information System
COMORS	Compliance Monitoring and Reporting System
CoR	Certificate of Registration
CP	Commercial Paper
CPADS	Centralised Public Accounts Department System
CPC	Cheque Processing Centre
CPDO	Centralised Public Debt Office
CPI	Consumer Price Index
CPI-IW	Consumer Price Index for Industrial Workers
CPIO	Chief Public Information Officer
CPPAPS	Committee on Procedures and Performance Audit on Public Services
CPR	Consolidated Prudential Return
COSMOS	Centralised Off-Site Monitering System
CR	Contingency Reserve
CRAR	Capital to Risk-Weighted Assets Ratio
CRB	Commodity Research Bureau
CRC	The Complaints Redressal Cell
CRF	Calamity Relief Fund

CRCS	Central Registrar of Co-operative Societies
CRR	Cash Reserve Ratio
CRT	Credit - Risk Transfer
CSAA	Control Self Assessment Audit
CSF	Consolidated Sinking Fund
CSGL	Constituents' Subsidiary General Ledger
CSO	Central Statistical Organisation
CSR	Corporate Social Responsibility
CST	Central Sales Tax
CTR	Cash Transaction Report
CTS	Cheque Truncation System
CTT	Commodities Transaction Tax
CVD	Countervailing Duty
CVPS	Currency Verification and Processing System
DAD	Deposit Accounts Department
DAPM	Department of Administration and Personnel Management
DBIE	Database on Indian Economy
DBOD	Department of Banking Operations and Development
DBS	Department of Banking Supervision
DCC	District Consultative Committee
DCCB	District Central Cooperative Bank
DCM	Department of Currency Management
DCRF	Debt Consolidation and Relief Facility
DDP	District Development Programme
DDT	Dividend Distribution Tax
DEAP	Department of Economic Analysis and Policy
DEBC	Department of Expenditure and Budgetary Control
DEIO	Department of External Investments and Operations
DEPB	Duty Entitlement Pass Book
DESACS	Department of Statistical Analysis and Computer Services
DFEC	Duty Free Entitlement Certificate
DFHI	Discount and Finance House of India

DFIs	Development Finance Institutions
DFRC	Duty Free Replenishment Certificate
DGBA	Department of Government and Bank Accounts
DGCI&S	Directorate General of Commercial Intelligence and Statistics
DGFT	Directorate General of Foreign Trade
DICGC	Deposit Insurance and Credit Guarantee Corporation
DIP	Disclosure and Investor Protection
DIT	Department of Information Technology
DLCC	District Level Consultative Committee
DMA	Direct Marketing Agent
DMIS	Document Management Information System
DNBS	Department of Non-Banking Supervision
DOC	Department of Communication
DoT	Department of Telecommunications
DPAP	Drought Prone Area Programme
DR	Disaster Recovery
DRG	Development Research Group
DRI	Differential Rate of Interest
DRS	Disaster Recovery System
DRT	Debt Recovery Tribunal
DSA	Direct Selling Agent
DSB	Designated Settlement Banks
DSIM	Department of Statistics and Information Management
DSS	Debt Swap Scheme
DTA	Domestic Tariff Area
DTL	Demand and Time Liabilities
DvP	Delivery versus Payment
EAD	Exposure at Default
EBT	Electronic Benefit Transfer
ECBs	External Commercial Borrowings
ECB	European Central Bank
ECBC	Energy Conservation Building Code
ECR	Export Credit Refinance

ECS	Electronic Clearing Services
EDC	Executive Directors' Committee
EDI	Entrepreneurship Development Institute
EDI	Electronic Data Interchange
EEA	Exchange Equalisation Account
EEFC	Exchange Earners' Foreign Currency
EEPC	Engineering Export Promotion Council
EFT	Electronic Funds Transfer
EIA	Energy Information Administration
EKMS	Enterprise Knowledge Management System
EMDEs	Emerging Market and Developing Economics
EMEs	Emerging Market Economies
EOU	Export Oriented Unit
EPCG	Export Promotion Capital Goods
ESOP	Employees Stock Option Plan
EU	European Union
FAQs	Frequently Asked Questions
FBT	Fringe Benefit Tax
FCA	Foreign Currency Assets
FCAC	Fuller Capital Account Convertibility
FCCB	Foreign Currency Convertible Bond
FCI	Food Corporation of India
FCNR(B)	Foreign Currency Non-Resident (Banks)
FCRA	Forward Contract Regulation Act
FDI	Foreign Direct Investment
FED	Foreign Exchange Department
FEDAI	Foreign Exchange Dealers' Association of India
FEMA	Foreign Exchange Management Act
FFMCs	Full Fledged Money Changers
FIF	Financial Inclusion Fund
FIIs	Foreign Institutional Investors
FIMMDA	Fixed Income Money Market and Derivatives Association of India
FIPB	Foreign Investment Promotion Board
FIRB	Foundation Internal Rating Based

FIs	Financial Institutions
FITF	Financial Inclusion Technology Fund
FLCC	Financial Literacy and Credit Counseling Centre
FIU-IND	Financial Intelligence Unit-India
FMC	Forward Market Commission
FMD	Financial Markets Department
FMS	Focus Market Scheme
FNVC	Forged Note Vigilance Cell
FOB	Free on Board
FOMC	Federal Open Market Committee
FPOs	Follow-on Public Offers
FPS	Focus Product Scheme
FRA	Forward Rate Agreement
FRB	Floating Rate Bond
FRBM	Fiscal Responsibility and Budget Management
FRL	Full Reservoir Level
FRL	Fiscal Responsibility Legislation
FSA	Financial Services Authority
FSF	Financial Stability Forum
FST	Financial Sector Technology
FTIs	Fast Track Issues
FTP	Financial Transaction Plan
GAAP	Generally Accepted Accounting Principles
GATS	General Agreement on Trade in Services
GB	Giga-bytes
GCC	General Credit Card
GDP	Gross Domestic Product
GDR	Global Depository Receipt
GDS	Gross Domestic Saving
GFCF	Gross Fixed Capital Formation
GFD	Gross Fiscal Deficit
GIPSA	General Insurer's (Public Sector) Association of India
GLC	General Line of Credit
GNP	Gross National Product

GoI	Government of India
GRF	Guarantee Redemption Fund
GS	Government Securities
GSDP	Gross State Domestic Product
GST	Goods and Services Tax
HFCs	Housing Finance Companies
HFT	Held for Trading
HLAC	High Level Advisory Committee
HRDD	Human Resources Development Department
HRMS	Human Resources Management System
HTM	Held to Maturity
HUF	Hindu Undivided Family
IAS	Integrated Accounting System
IASC	Inspection and Audit Sub-Committee
IBA	Indian Banks' Association
IBL	Inter-Bank Liabilities
IBS	International Banking Statistics
ICAAP	Internal Capital Adequacy Assessment Process
ICAI	Institute of Chartered Accountants of India
ICC	International Credit Card
ICCOMS	Integrated Computerised Currency Operation and Management System
ICOR	Incremental Capital-Output Ratio
ICP	International Comparison Programme
ICT	Information and Communication Technology
IDBI	Industrial Development Bank of India
IDL	Intra-Day Liquidity
IDMD	Internal Debt Management Department
IDR	Indian Depository Receipt
IDRBT	Institute for Development and Research in Banking Technology
IEA	International Energy Agency
IES	Integrated Establishment System
IFC	International Finance Corporation
IGIDR	Indira Gandhi Institute of Development Research

IIBF	Indian Institute of Banking and Finance
IIBI	Industrial Investment Bank of India Ltd.
IIFCL	India Infrastructure Finance Company Limited
IIM	Indian Institute of Management
IIP	Index of Industrial Production
IIT	Indian Institute of Technology
IIUS	Industrial Infrastructure Upgradation Scheme
IMA	Internal Models Approach
IMD	India Millennium Deposits
IMF	International Monetary Fund
IMFC	International Monetary and Financial Committee
INFINET	Indian Financial Network
IPC	Irrevocable Payment Commitments
IPDI	Innovative Perpetual Debt Instrument
IPO	Initial Public Offering
IPP	Independent Power Producers
IRB	Internal Rating Based
IRDA	Insurance Regulatory and Development
Authority
IRDs	Interest Rate Derivatives
IRF	Interest Rate Future
IRS	Interest Rate Swap
IS	Information System
ISMS	Information Security Management System
ISO	International Organisation for Standardisation
IT	Information Technology
ITB	Intermediate Treasury Bill
ITES-BPO	Information Technology Enabled Services and Business Process Outsourcing
JNNURM	Jawaharlal Nehru National Urban Renewal
Mission
JPC	Joint Parliamentary Committee
JV	Joint Venture
KCC	Kisan Credit Card
KYC	Know Your Customer
LAB	Local Area Bank

LAF	Liquidity Adjustment Facility
LAN	Local Area Network
LaR	Liquidity at Risk
LBS	Locational Banking Statistics
LC	Letter of Credit
LGD	Loss Given Default
LIBOR	London Inter-Bank Offered Rate
LIC	Life Insurance Corporation of India
LOC	Letter of Comfort
LPG	Liquefied Petroleum Gas
LPA	Long Period Average
LRS	Liberalised Remittance Scheme
LTV	Loan to Value
LVPS	Large Value Payment Systems
M&A	Merger and Acquisition
MASI	Management Audit Systems Inspection
MAT	Minimum Alternate Tax
MBC	Mutual Benefit Companies (Potential Nidhi)
MBFC	Mutual Benefit Financial Companies (Notified Nidhis)
MBS	Mortgage-Backed Securities
MEI	Macro Economic Indicators
MEP	Minimum Export Price
MF	Mutual Fund
MFI	Micro Finance Institution
MGC	Mortgage Guarantee Company
MICR	Magnetic Ink Character Recognition
MIS	Management Information System
MMBCS	Magnetic Media Based Clearing System
MMS	Multi Modal Settlements
MNSB	Multilateral Net Settlement Batch
MoU	Memorandum of Understanding
MPI	Macro-Prudential Indicator
MPLS	Multi Protocol Label Switching
MPP	Merchant Power Producers
MS	Money Supply (Broad Money)

MSCI	Morgan Stanley Capital International
MSEs	Micro and Small Enterprises
MSMEs	Micro, Small and Medium Enterprises
MSP	Minimum Support Price
MSS	Market Stabilisation Scheme
MTFP	Medium Term Fiscal Plan
MTM	Marked to Market
MTSS	Money Transfer Service Scheme
MUC	Minimum Underwriting Commitment
MW	Mega Watts
NABARD	National Bank for Agriculture and Rural Development
NASSCOM	National Association of Software and Services Companies
NAV	Net Asset Value
NBC	National Building Code
NBER	National Bureau of Economic Research
NBFCs	Non-Banking Financial Companies
NBFIs	Non-Banking Financial Institutions
NCAER	National Council of Applied Economic Research
NCAF	New Capital Adequacy Framework
NCC	National Clearing Cell
NDA	Net Domestic Asset
NDC	No Dues Cretificate
NDC	National Development Council
NDNC	National Do Not Call Registry
NDS	Negotiated Dealing System
NDS - OM	Negotiated Dealing System - Order Matching
NDTL	Net Demand and Time Liability
NEER	Nominal Effective Exchange Rate
NEFT	National Electronic Funds Transfer
NEP	National Electricity Policy
NER	North - Eastern Region
NFA	Net Foreign Assets
NFDC	National Film Development Corporation
NFEA	Net Foreign Exchange Assets

NFFWP	National Food for Work Programme
NFR	Non-Financial Reporting
NFS	National Financial Switch
NFSM	National Food Security Mission
NGO	Non-Government Organisation
NHB	National Housing Bank
NIBM	National Institute of Bank Management
NIC	National Informatics Centre
NIF	National Investment Fund
NIMC	National Implementing and Monitoring Committee
NMCP	National Manufacturing Competitiveness Programme
NOC	No Objection Certificate
NOF	Net Owned Funds
NPAs	Non-Performing Assets
NPC	National Payments Council
NPS	New Pension Scheme
NPV	Net Present Value
NR(E)RA	Non-Resident (External) Rupee Account
NREGF	National Rural Employment Guarantee Fund
NREGS	National Rural Employment Guarantee Scheme
NRHM	National Rural Health Mission
NRI	Non-Resident Indian
NRNR	Non-Resident Non-Repatriable
NRO	Non-Resident Ordinary
NRRDA	National Rural Road Development Agency
NSC	National Statistical Commission
NSDL	National Securities Depository Limited
NSE	National Stock Exchange
NSE-MIBOR -	National Stock Exchange-Mumbai Inter-bank Offered Rate
NSMs	Note Sorting Machines
NSS	National Settlement System
NSSF	National Small Saving Fund
NSSO	National Sample Survey Organisation

OBC	Other Backward Classes
OBE	Off- Balance Sheet Exposures
OBU	Off-shore Banking Unit
OCBs	Overseas Corporate Bodies
ODI	Overseas Direct Investment
OIL	Oil India Ltd.
OLTAS	Online Tax Accounting System
OMCs	Oil Marketing Companies
OMO	Open Market Operation
OMS	Open Market Sales
ONGC	Oil and Natural Gas Commission
OPAC	Online Public Access Catalogue
OPEC	Organisation of Petroleum Exporting Countries
ORFS	Online Returns Filing System
OSMOS	Off-Site Monitoring System
OSMOS	Off-Site Monitoring and Surveillance
OTC	Over-the-Counter
OTCEI	Over-the-Counter Exchange of India
OTS	One-Time Settlement
OWS	Other Welfare Schemes
P&L	Profit and Loss
P/E	Price-Earnings
PACS	Primary Agricultural Credit Society
PAD	Public Accounts Department
PAIS	Personal Accident Insurance Scheme
PAT	Profit After Tax
PBT	Profit Before Tax
PCA	Prompt Corrective Action
PCPS	Perpetual Cumulative Preference Shares
PD	Probability of Default
PDCF	Primary Dealer Credit Facility
PDO	Public Debt Office
PDs	Primary Dealers
PDS	Public Distribution System
PFCE	Private Final Consumption Expenditure

PIO	Persons of Indian Origin
PIT	Personal Income Tax
PKI	Public Key Infrastructure
PMEGP	Prime Minister Employment Generation Programme
PMLA	Prevention of Money Laundering Act
PNCPs	Perpetual Non-Cumulative Preference Shares
POL	Petroleum, Oil and Lubricants
PPP	Public Private Partnership
PRIS	Performance Related Incentive Scheme
PSBs	Public Sector Banks
PSUs	Public Sector Undertakings
QIB	Qualified Institutional Buyer
QII	Qualified Institutional Investor
QIP	Qualified Institutional Placement
QIS	Quantitative Impact Study
R&D	Research and Development
RBIA	Risk-Based Internal Audit
RBS	Risk-Based Supervision
RBSB	Reserve Bank Services Board
RBSC	Reserve Bank Staff College
RC	Reconstruction Company
RCC	Regional Complaints Committee
RCPS	Redeemable Cumulative Preference Shares
RCS	Registrar of Cooperative Societies
RD	Revenue Deficit
RDA	Rupee Drawing Arrangements
RDDB	Recovery of Debts due to Banks and Financial Institutions
REER	Real Effective Exchange Rate
RIA	Right to Information Act
RIDF	Rural Infrastructure Development Fund
RIF	Repository of Inspecting Finding
RKVY	Rashtriya Krishi Vikas Yojana
RNBCs	Residuary Non-banking Companies
RNCPS	Redeemable Non-Cumulative Preference Shares

RPCD	Rural Planning and Credit Department
RRBs	Regional Rural Banks
RTGS	Real Time Gross Settlement
RTP	Reserve Tranche Position
RUDSETIs	Rural Development and Self-Employed Training Institutes
SA	Standardised Approach
SAARC	South Asian Association for Regional Cooperation
SACP	Special Agricultural Credit Plan
SAFTA	South Asian Free Trade Agreement
SARFAESI	Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest
SBI	State Bank of India
SBS	Shredding and Briquetting System
SC	Scheduled Caste
SC	Securitisation Company
SCB	Scheduled Commercial Bank
SCRA	Securities Contracts (Regulation) Act
SD	Sustainable Development
SDDS	Special Data Dissemination Standard
SDL	State Development Loan
SDLC	Software Development Life Cycle
SDR	Special Drawing Right
SEB	State Electricity Board
SEBI	Securities and Exchange Board of India
SEC	Securities Exchange Commission
SEFT	Special Electronic Funds Transfer
SEEPZ	Santacruz Electronics Exports Processing Zone
SEZs	Special Economic Zones
SFC	State Financial Corporation
SFIO	Serious Frauds Investigation Office
SFMS	Structured Financial Messaging Solution
SFP	Single Factor Productivity
SGL	Subsidiary General Ledger
SGSY	Swarnajayanti Gram Swarozgar Yojana

SHGs	Self-Help Groups
SIDBI	Small Industries Development Bank of India
SIPS	Systemically Important Payment Systems
SITP	Scheme for Integrated Textile Parks
SIVs	Structured Investment Vehicles
SLAF	Second Liquidity Adjustment Facility
SLB	Securities Lending and Borrowing
SLBC	State Level Bankers' Committee
SLCC	State Level Coordination Committee
SLR	Statutory Liquidity Ratio
SLRS	Scheme of Liberation and Rehabilitation of Scavengers
SLS	Securities Lending Scheme
SMAC	Secondary Market Advisory Committee
SMEs	Small and Medium Enterprises
SMO	Special Market Operation
SNB	Swiss National Bank
SPC	Sixth Pay Commission
SPMCIL	Security Printing and Minting Corporation of India Ltd.
SPV	Special Purpose Vehicle
SR	Security Receipt
SREP	Strategic Research and Extension Plan
SRF	Special Reserve Fund
SRMS	Scheme for Rehabilitation of Manual Scavengers
SRP	Supervisory Review Process
SRS	System Requirement Specification
SSA	Sarva Shiksha Abhiyan
SSCs	Special Sub-Committees
SSIs	Small Scale Industries
SSSs	Securities Settlement Systems
ST	Scheduled Tribe
StCB	State Co-operative Bank
STCRC	Short Term Co-operative Rural Credit

STL	Structural Liquidity Statement
STOs	State Treasury Offices
STP	Straight Through Processing
STPI	Software Technology Parks of India
STR	Suspicious Transaction Report
STRIPS	Separate Trading for Registered Interest and Principal of Securities
STT	Securities Transaction Tax
TAC	Technical Advisory Committee
TAF	Term Auction Facility
TAFCUB	Task Force for Urban Co-operative Bank
TAG	Technical Advisory Group
TBs	Treasury Bills
TDS	Tax Deduction at Source
TFC	Twelfth Finance Commission
TFCI	Tourism Finance Corporation of India
TFP	Total Factor Productivity
TMT	Thermo Mechanically Treated
TPDS	Targeted Public Distribution System
TRAI	Telecom Regulatory Authority of India
TUCC	Telecom Unsolicited Commercial Communications
TUF	Technology Upgradation Fund
UBD	Urban Banks Department
UCBs	Urban Cooperative Banks
ULIP	Unit Linked Insurance Plan
UNCTAD	United Nations Conference on Trade and Development
UNDP	United Nations Development Programme

UNIDO	United Nations Industrial Development Organisation
UNSCR	United Nations Security Council Regulations
UNSNA	United Nation System of National Accounts
URR	Unremunerated Reserve Requirements
URRBCH	Uniform Regulations and Rules for Bankers' Clearing House
UTLBC	Union Territory Level Bankers' Committee
VaR	Value at Risk
VAT	Value Added Tax
VCF	Venture Capital Fund
WADR	Weighted Average Discount Rate
WAN	Wide Area Network
WAP	Wireless Application Protocol
WDM	Wholesale Debt Market
WFP	World Food Programme
WGC	World Gold Council
WI	When Issued
WMA	Ways and Means Advance
WOS	Wholly Owned Subsidiary
WPI	Wholesale Price Index
WSS	Weekly Statistical Supplement
WTI	West Texas Intermediate
WTO	World Trade Organisation
Y-o-Y	Year-on-Year
YTM	Yield-to-Maturity
ZCYC	Zero Coupon Yield Curve
ZTC	Zonal Training Centre