Abbreviations and Acronyms Commonly Used in Indian Banking System

We often use acronyms and abbreviations everywhere and it may sometimes become jargon to common people. There is no exemption in financial products too. The expanded form or meaning of acronyms and abbreviations avoid misunderstanding about products and services a common man want to acquire it. Here we can see commonly used Acronyms and Abbreviations of Indian Banking system in alphabetic order.

Abbreviations and Acronyms in Indian Banking System - A

ACF: Auto-Correlation Function

AD: Authorized Dealer

ADB: Asian Development Banka

ADR: American Depository Receipt

AFS: Annual Financial Statement

AFS: Available For Sale

AGM: Annual General Meeting

AIRCSC: All India Rural Credit Survey Committee

AO: Additive Outliers

AR: Auto Regression

ARCs: Asset Reconstruction Companies

ARIMA: Auto-Regressive Integrated Moving Average

ASSOCHAM: Associated Chambers of Commerce and Industry of India

ATM: Asynchronous Transfer Mode

ATM: Automated Teller Machine

Abbreviations and Acronyms in Indian Banking System - B

BIFR: Board for Industrial and Financial Reconstruction

BIS: Bank for International Settlements

BOI: Bank of India

BoP: Balance of Payments

BPM5: Balance of Payments Manual, 5th edition

BPSD: Balance of Payments Division, DESACS, RBI

BSCS: Basel Committee on Banking Supervision

BSE: Bombay Stock Exchange

BSR: Basic Statistical Returns

Abbreviations and Acronyms in Indian Banking System - C

CAD: Capital Account Deficit

CAG: Controller and Auditor General of India

CBS: Consolidated Banking Statistics

CC: Cash Credit

CD: Certificate of Deposit

CD: Ratio Credit Deposit Ratio

CDBS: Committee of Direction on Banking Statistics

CDSL: Central Depository Services Ltd.

CF: Company Finance

CFRA: Combined Finance and Revenue Accounts

CGRA: Currency and Gold Revaluation Account

CII: Confederation of Indian Industries

CO: Capital Outlay

CP: Commercial Paper

CPI: Consumer Price Index

CPI-IW: Consumer Price Index for Industrial Workers

CR: Capital Receipts

CRAR: Capital to Risk Weighted Asset Ratio

CRR: Cash Reserve Ratio

CSIR: Council of Scientific and Industrial Research

CSO: Central Statistical Organisation

CVC: Central Vigilance Commission

Abbreviations and Acronyms in Indian Banking System - D

DAP: Development Action Plan

DBOD: Department of Banking Operations and Development

DBS: Department of Banking Supervision, RBI

DCA: Department of Company Affairs, (Now known as Ministry of Companies Affairs, MCA) Government of India

DCB: Demand Collection and Balance

DCCB: District Central Cooperative Bank

DCM: Department of Currency Management, RBI

DD: Demand Draft

DDS: Data Dissemination Standards

DEIO: Department of External Investments and Operations

DESACS: Department of Statistical Analysis & Computer Services, RBI

DGBA: Department of Government and Bank Accounts, RBI

DGCI&S: Directorate General of Commercial Intelligence and Statistics

DI: Direct Investment

DICGC: Deposit Insurance and Credit Guarantee Corporation of India

DID: Discharge of Internal Debt

DMA: Departmentalized Ministries Account

DRAT: Debt Recovery Appellate Tribunal

DRI: Differntial Rate of Interest Scheme

DRTs: Debt Recovery Tribunals

DSBB: Dissemination Standards Bulletin Board

DVP: Delivery versus Payment

Abbreviations and Acronyms in Indian Banking System - E

ECB: External Commercial Borrowings

ECB: External Commercial Borrowing

ECB: European Central Bank

ECGC: Export Credit and Guarantee Corporation

ECS: Electronic Clearing Scheme

EDMU: External Debt Management Unit

EEA: Exchange Equalization Account

EEC: European Economic Community

EEFC: Exchange Earners Foreign Currency

EFR: Exchange Fluctuation Reserve

EPF: Employees Provident Fund

EUR: Euro

EXIM: Bank Export Import Bank of India

Abbreviations and Acronyms in Indian Banking System - F

FCA: Foreign Currency Assets

FCCB: Foreign Currency Convertible Bond

FCNR(B): Foreign Currency Non-resident (Banks)

FCNRA: Foreign Currency Non-resident Account

FCNRD: Foreign Currency Non-Repatriable Deposit

FDI: Foreign Direct Investment

FEMA: Foreign Exchange Management Act

FI: Financial Institution

FICCI: Federation of Indian Chambers of Commerce and Industry

FII: Foreign Institutional Investor

FIMMDA: Fixed Income Money Market and Derivatives Association of India

FISIM: Financial Intermediation Services Indirectly Measured

FLAS: Foreign Liabilities and Assets Survey

FOF: Flow Of Funds

FPI: Foreign Portfolio Investment

FRA: Forward Rate Agreement

FRBM: Fiscal Responsibility and Budget Management Act, 2003

FRN: Floating Rate Note

FSS: Farmers’ Service Societies

FWG: First Working Group on Money supply Manual on Financial and Banking Statistics

Abbreviations and Acronyms in Indian Banking System - G

GDP: Gross Domestic Product

GDR: Global Depository Receipt

GFD: Gross Fiscal Deficit

GFS: Government Finance Statistics

GIC: General Insurance Corporation

GLS: Generalized Least Squares

GNIE: Government Not Included Elsewhere

GoI: Government of India

GPD: Gross Primary Deficit

G-Sec: Government Securities

Abbreviations and Acronyms in Indian Banking System - H

HDFC: Housing Development Finance Corporation

HFT: Held For Trading

HICP: Harmonised Index of Consumer Prices

HO: Head Office

HUDCO: Housing & Urban Development Corporation

Abbreviations and Acronyms in Indian Banking System - I

IBRD: International Bank for Reconstruction and Development

IBS: International Banking Statistics

ICAR: Indian Council of Agricultural Research

ICICI: Industrial Credit and Investment Corporation of India

ICMR: Indian Council of Medical Research

IDB: India Development Bonds

IDBI: Industrial Development Bank of India

IDD: Industrial Development Department

IFAD: International Fund for Agricultural Development

IFC: International Finance Corporation

IFC(W): International Finance Corporation (Washington)

IFCI: Industrial Finance Corporation of India

IFR: Investment Fluctuation Reserve Account

IFS: International Financial Statistics

IGLS: Iterative Generalized Least Squares

IIBI: Industrial Investment Bank of India

IIP: Index of Industrial Production

IIP/InIP: International Investment Position

IMD: India Millennium Deposits

IMF: International Monetary Fund

IN: India

INR: Indian Rupee

IOTT: Input-Output Transaction Table

IP: Interest Payment

IRBI: Industrial Reconstruction Bank of India

ISDA: International Swaps and Derivative Association

ISIC: International Standard Industrial Classification

ISO: International Standards Organization

ITRS: International Transaction Reporting System

IWGEDS: International Working Group on External Debt Statistics

Abbreviations and Acronyms in Indian Banking System - K

KVIC: Khadi & Village Industries Corporation

Abbreviations and Acronyms in Indian Banking System - L

LAF: Liquidity Adjustment Facility

LAMPS: Large-sized Adivasi Multipurpose Societies

LAS: Loan & Advances by States

LBD: Land Development Bank

LBS: Locational Banking Statistics

LERMS: Liberalised Exchange Rate Management System

LIC: Life Insurance Corporation of India

LLSV: Papers by La Porta, Rafael, Florencio Lopez-de-Silanes, Andrei Shleifer, and Robert Vishny

LS: Level Shift

LT: Long Term

LTO: Long Term Operation

LTV: Loan To Value

Abbreviations and Acronyms in Indian Banking System - M

M1: Narrow Money

M3: Broad Money

MA: Moving Average

MCA: Ministry of Company Affairs

MFIs: Micro financial Institutions

MIGA: Multilateral Investment Guarantee Agency

MIS: Management Information System

MMSE: Minimum Mean Squared Errors

MoF: Ministry of Finance

MOF: Master Office File

MRM: Monitoring and Review Mechanism

MSS: Market Stabilisation Scheme

MT: Mail Transfer

MTM: Mark-To-Market

Abbreviations and Acronyms in Indian Banking System - N

NABARD: National Bank for Agricultural and Rural Development

NABARD: National Bank for Agriculture and Rural Development

NAC(LTO): National Agricultural Credit (Long Term Operatiion)

NAIO: Non Administratively Independent Office

NAS: National Account Statistics

NASSCOM: National Association of Software and Services Companies

NBC: Non-Banking Companies

NBFC: Non Banking Financial Companies

NEC: Not Elsewhere Classified

NEER: Nominal Effective Exchange Rate

NFA: Non-Foreign Exchange Assets

NFD: Net Fiscal Deficit

NGO: Non-Governmental Organization

NHB: National Housing Bank

NIC: National Industrial Classification

NIF: Note Issuance Facility

NNML: Net Non-Monetary Liabilities

NPA: Non Performing Assets

NPA: Non-Performing Assets

NPD: Net Primary Deficit

NPL: Non Performing Loan

NPRB: Net Primary Revenue Balance

NPV: Net Present Value

NR(E)RA: Non-Resident (External) Rupee Account

NR(NR)RA: Non-Resident (Non-Repatriable) Rupee Account

NRE: Non-Resident External

NRG: Non-Resident Government

NRI: Non-Resident Indian

NSC: National Statistical Commission

NSCCL: National Securities Clearing Corporation Ltd.

NSDL: National Securities Depository Ltd.

NSE: National Stock Exchange

NSSF: National Small Savings Fund

Abbreviations and Acronyms in Indian Banking System - O

OD: Over Draft

ODA: Official Development Assistance

OECD: Organisation for Economic Cooperation and Development

OECO: Organisaton for Economic Co-operation

OFI: Other Financial Institutions

OLTAS: OnLine Tax Accounting System Manual on Financial and Banking Statistics

OMO: Open Market Operations

OSCB: Other Indian Scheduled Commercial Bank

Abbreviations and Acronyms in Indian Banking System - P

PACF: Partial Auto-Correlation Function

PACS: Primary Agriculture Credit Societies

PCARDB: Primary Cooperative Agriculture and Rural Development Bank

PD: Primary Deficit

PDAI: Primary Dealers Association of India

PDO: Public Debt Office

PDO-NDS: Public Debt Office-cum-Negotiated Dealing System

PDs: Primary Dealers

PES: Public Enterprises Survey

PF: Provident Fund

PIO: Persons of Indian Origin

PLR: Prime Lending Rate

PML: Produce Marketing Loan

PNB: Punjab National bank

PO: Principal Office

PRB: Primary Revenue Balance

PSE: Public Sector Enterprises

PUC: Paid Up Capital

Abbreviations and Acronyms in Indian Banking System - Q

QRR: Quick Review Report

Abbreviations and Acronyms in Indian Banking System - R

RBI: Reserve Bank of India

RD: Revenue Deficit

RDBMS: Relational Database Management System

RE: Revenue Expenditure

REC: Rural Electrification Corporation

REER: Real Effective Exchange Rate

RFC: Residents Foreign Currency

RIB: Resurgent India Bonds

RIDF: Rural Infrastructure Development Fund

RLA: Recoveries of Loans & Advances

RLC: Repayment of Loans to Centre

RMB: Renminbi (Chinese)

RNBC: Residuary Non-Banking Companies

RO: Regional Office

ROAs : Return on Assets

RoCs: Registrars of Companies

ROE: Return on Equity

RPA: Rupee Payment Area

RPCD: Rural Planning and Credit Department, RBI

RR: Revenue Receipts

RRB: Regional Rural Bank

RTP: Reserve Tranche Position

RUF: Revolving Underwriting Facility

RWA: Risk Weighted Asset

Abbreviations and Acronyms in Indian Banking System - S

SAM: Social Accounting Matrix

SARFAESI Act: Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act

SAS: Statistical Analysis System

SAT: Securities Appellate Tribunal

SBI: State Bank of India

SC: Schedule Caste

SCARDB: State Cooperative Agriculture and Rural Development Bank

SCB: State Cooperative Bank

SCB: Scheduled Commercial Bank

SCS: Size Class Strata

SDDS: Special Data Dissemination Standards

SDR: Special Drawing Right

SEBI: Securities and Exchanges Board of India

SEBI: Securities and Exchange Board of India

SEBs: State Electricity Boards

SEC: Securities and Exchanges Commission

SFC: State Financial Corporation

SGL: Subsidiary General Ledger

SGSY: Swarnajayanthi Gram Swarrojgar Yojana

SHGs: Self-Help Groups

SIDBI: Small Industries Development Bank of India

SIDC: State Industrial Development Corporation

SI-SPA: Systems Improvement Scheme under Special Project Agriculture

SJSRY: Swarna Jayanti Shahari Rojgar Yojana

SLR: Statutory Liquidity Ratio

SLRS: Scheme for Liberation & Rehabilitation of Scavangers

SMG: Standing Monitoring Group

SNA: System of National Accounts

SRWTO: Small road & Water Transport Operators

SSI: Small-Scale Industries

SSSBEs: Small Scale Service & Business Enterprises

ST: Schedule Tribe

SWG: Second Working Group on Money Supply

Abbreviations and Acronyms in Indian Banking System - T

TBs: Treasury Bills

TC: Temporary Change

TT: Telegraphic Transfer

Abbreviations and Acronyms in Indian Banking System - U

UBB: Uniform Balance Book

UBD: Urban Banks Department

UCB: Urban Cooperative Bank

UCN: Uniform Code Number

US: United States

USD: US Dollars

UTI: Unit Trust of India

Abbreviations and Acronyms in Indian Banking System - V

VC: Venture Capital

VCFs: Venture Capital Funds

Abbreviations and Acronyms in Indian Banking System - W

WDM: Wholesale Debt Market

WGMS: Working Group on Money Supply Analytics and Methodology of Compilation

WPI: Wholesale Price Index

WSS: Weekly Statistical Supplement

Abbreviations and Acronyms in Indian Banking System - Y

YTM: Yield to Maturity

Abbreviations and Acronyms in Indian Banking System - Z

ZO: Zonal Office