A

ADB Asian Development Bank

AGM Annual General Meeting
AIBP Accelerated Irrigation Benefit Programme
ALM Asset Liability Management
AMC Annual Maintenance Contract
AMEX American Stock Exchange
AMFI Association of Mutual Funds in India
AML Anti-Money Laundering
ANBC Adjusted Net Bank Credit
APACS Association for Payment Clearing Services

APC Average Propensity to Consume

ARIEL Automated Real time Investment Exchange

ASBA Application Supported by Blocked Amount

ASEAN Association of SouthEast Asian Nations

ATIF Agriculture Tech Infrastructure Fund

ATM Automated Teller Machine

ATS Anti-Terrorism Squad

B
BBB Bank Board Bureau
BC Business Correspondent
BCBS Basel Committee on Banking Supervision
BCSBI Banking Codes and Standards Board of India
 BIFR Board of Industrial &Financial Reconstruction
BIS Bank for International Settlements (Switzerland)

BLR Business and Legal Reports

BOP Balance of Payments

BP Base Points (of an interest rate)

BPLR Benchmark Prime Lending Rate

BSBDA Basic Saving Bank Deposit Account

BSDA Basic Service Demat Account

BSE Bombay Stock Exchange

C
CACP Commission for Agricultural Cost and Prices
CAD Current Account Deficit
CAFRAL Centre for Advanced Financial Research & Learning

CAMELS Capital Adequacy, Asset Quality, Management, Earnings, Liquidity,

Sensitivity

CAPART Council for Advancement of People’s Action & Rural Technology

CARE Credit Analysis & Research Ltd

CBDT Central Board of Direct Taxes

CBI Central Bureau of Investigation

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 CBMP Coordinated Border Management Plant

CBS Core Banking Solution

CCEA Cabinet Committee on Economic Affairs

CCIL Clearing Corporation of Indian Limited

CD Certificate of Deposit

CDR Corporate Debt Restructuring

CDS Credit Default Swap

CDSL Central Depository Services Ltd

CEA Council of Economic Advisers

CEIB Central Economic Intelligence Bureau
CEO Chief Executive Officer
CFMS Centralized Funds Management System
CFSA Committee on Financial Sector Assessment
CFTC Commodity Futures Trading Commission
CGF Credit Guarantee Fund
CGFMU Credit Guarantee Fund for Mudra Units
CGFTMSE Credit Guarantee Fund Trust for Micro & Small
Enterprises
CGT Capital Gains Tax
CHIPS Clearing House Interbank Payments System (New York)
CIB Central Intelligence Bureau/Change Impact Board
CIBIL Credit Information Bureau India Ltd
CIS Commonwealth of Independent States

CLB Company Law Board

 CNG Compressed Natural Gas
CNP Card Not Present
COMESA Common Market for Eastern & Southern Africa
CP Commercial Paper
CPI Consumer Price Index
CPI-IW Consumer Price Index for Industrial Workers
CPP Current Purchasing Power
CRAR Capital to Risk-Weighted Assets Ratio
CRISIL Credit Rating & Information Service of India Ltd
CRR Cash Reserve Ratio
CSC Card Security Code
CSIR Council for Scientific 8t Industrial Research
CSO Central Statistical Organization

CSR Corporate Social Responsibility

CST Central Sale Tax
CTS Cheque Truncation System
CTS Complaint Tracking System
CVC Card Verification Code
CVL CDSL Venture Ltd
CVV Card Verification Value

DAE Department of Atomic Energy

DBT Direct Benefit Transfer

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 DEPB Duty Entitlement Passbook

DGFT Directorate General of \ Foreign Trade

DICGC Deposit Insurance & Credit Guarantee

DIPP Department of Industrial Policy and Promotion

DRT Debt Recovery Tribunal
DSIBS Domestic Systemically Important Banks
DTAA Double Tax Avoidance Agreement
DTL Demand & Time Liabilities

E
E-TAAL Electronic – TransactionAggregation & Analysis Layer

EBRD European Bank for Reconstruction and Development

ECB External Commercial Borrowings

ECGC Export Credit Guarantee Corporation
ECS Electronic Clearing Services
EFF Extended Fund Facility

EFT Electronic Funds Transfer

EFTPOS Electronic Fund Transfer at Point of Sale
EMI Equated Monthly Installment
EMV Europay, Master Card & Visa
EU Expected Utility, European Union
EXIM Bank Export-Import Bank

F
FAO Food and Agricultural Organization
 FATCA Foreign Account Tax Compliance Act
FATF Financial Action Task Force
FBT Fringe Benefit Tax
FBTR Fast Breeder Test Reactor

FCAs Foreign Currency Assets

FCCB Foreign Currency Convertible Bond
FCEB Foreign Currency Exchange Bond
FDI Foreign Direct Investment
FEMA Foreign Exchange Management Act
FERA Foreign Exchange Regulation Act
FFMC Full Fledged Money Changers
FIIs Foreign Institutional Investors
FINO Financial Investment Network & Operations
FIU-IND Financial Intelligence Unit-India
FMC Forward Market Commission
FOB Free On Board
FRBM Fiscal Responsibility & Budget Management
FSB Financial Stability Board

FSDC Financial Stability & Development Council

FSLRC Financial Sector Legislative Reform Commission
FSSAI Food Safety and Standards Authority of India
FTO Foreign Trade Organization
FTSE100 Financial Times Stock Exchange 100 Share Index
FTZ Free Trade Zone

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 G
G7 Group of Seven (Canada, France, Germany, Italy, Japan, UK, USA)

G8 Group of Eight (G7 + Russia)

GAGAN GPS Aided Geo-AugmentedNavigation
GATS General Agreement on Trade in Services
GATT General Agreement on Tariff & Trade
GDP Gross Domestic Product

GDRs Global Depository Receipts

GNP Gross National Product

GSLV Geosynchronous Satellite Launch Vehicle

GST Goods & Services Tax

HR Human Resources

HRM Human Resource Management

IATA International Air Travel Association

IBA Indian Bank’s Association
IBPS Indian Bill Payment System
IBRD International Bank for Reconstruction & Development
 IDFC Infrastructure Development Finance Company
IDR Indian Depository Receipt
IDRBT titute for Development &Research in Banking Technol
IEDC Innovation &Entrepreneurship Development Centre
IFRS International Financial Reporting Standard
IFSC Indian Financial System Code
IIB International Investment Bank
IIF Institute for International Finance
IINSSC Inflation Index National Saving Securities Cumulative
ILO International Labour Organization
IMF International Monetary Fund
IMGC Indian Mortgage Guarantee Corporation
IMPS Immediate Payment Service
IP Intellectual Property

IPOs Initial Public Offerings

IRDA Insurance Regulatory & Development Authority

IRNSS Independent Regional Navigation Satellite System

ISO International Organization for Standardization

ISRO nternational Securities Regulatory Organization/ India Space Research

Organization

IT Information Technology

J
JLG Joint Liability Group

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 K
KCC Kisan Credit Cards
KYC Know Your Customer

L
LAF Liquidity Adjustment Facility
LIBO London Interbank Offer Rate
R
LNG Liquefied Natural Gas
LSE London Stock Exchange
LTV Loan to Value

M
M&A Merger and Acquisition
MICR Magnetic Ink Character Recognition
MIGA Multilateral Investment Guarantee Agency
MITC Most Important Terms & Condition
MLFPS Market Linked Focus Product System

MMDA Money Market Deposit Account

MMID Mobile Money Identifier
MMMFs Money Market Mutual Funds
MOM Mars Orbiter Mission
MPFI Mobile Payment Forum of India
 MRP Marginal Revenue Product/ Maximum Retail Price
MRTP Monopoly & Restrictive Trade Practices
MSEs Micro & Small Enterprises
MSF Marginal Standing Facility
MSMEs Micro, Small & Medium Enterprises
MTSS Money Transfer Service Scheme

N
NABARD National Bank for Agriculture & Rural Development

NAIS National Animal Identification System

NASDAQ National Association ofSecurities Dealers Automated Quotations (USA)
NAV Net Asset Value
NBFC Non-Banking Financial Companies
NCGTC National Credit Guarantee Trustee Company Ltd
NCLT National Company Law Tribunal
NCSBS Non-Cooperate Small Business Sector
NDMC New Delhi Municipal Council
NDP Net Domestic Product
NDTL Net Demand & Time Liabilities
NEFT National Electronic Funds Transfer
NHRM National Health Rural Mission
NIBM National Institute of Bank Management
NIDHI ational Interest for Developing &Harressing Innovatio

NIM Net Interest Margin of India

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NIOT National Institute of Ocean Technology
NITI National Institution for Transforming India
NMCEX National Multi Commodity Exchange of India
NOC No Objection Certificate
NOFHC Non-Operation Financial Holding Company
NPA Non-Performing Assets
NPAC National Plan of Action for Children
NPCI National Payments Corporation of India
NPPA National Pharmaceutical Pricing Authority
NRE Non-Resident External
NREGS National Rural Employment Guarantee Scheme
NRI Non-Resident India
NSDL National Security Depository Limited

NSE National Stock Exchange

NSSF National Small Saving Fund
NTCA National Tiger Conservation Authority

OBCs Other Backward Classes

OD Overdraft
OECD Organization for Economic Co-operation & Development

OMO Open Market Operation

OPEC Organization for Petroleum Exporting Countries
OTC Over-The-Counter
 P
P-Notes Participatory Notes

PAN Permanent Account Number

PD Primary Dealers
PDMA Public Debt Management Agency
PE Private Equity
PETA People of Ethical Treatment of animals
PFRDA Pension Fund Regulatory &Development Authority
PIIGS Portugal, Italy, Ireland, Greece & Spain
PIN Personal Identification Number
PIO Person of Indian Origin
PKI Public Key Infrastructure
PLR Prime Lending Rate
PMLA Prevention of Money Laundering Act
Prove Polar remotely operated vehicle
PSBs Public Sector Banks

QIB Qualified Institutional Buyer

R
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 REIT Real Estate Investment Trust
REPO Repurchase Agreement
RIDF Rural Infrastructure Development Fund
RNBC Residuary Non-Banking Company
ROA Return on Assets
RRBs Regional Rural Banks
RTE Right to Education
RTGS Real-Time Gross Settlement
RTI Right to Information

S
SAARC South Asian Association for Regional Co-operation
SARFAESI Securitization And Reconstruction of Financial Assets And Enforcement of
Security Interest
SBAS Satellite Based Augmentation System
SCB Scheduled Commercial Bank
SDR Special Drawing Rights
SEZs Special Economic Zones
SFMS Structured Financial Messaging System
SHG Self-Help Groups
SIDBI Small Industries Development Bank of India
SLR Statutory Liquidity Ratio
SMERA SME Rating Agency of India

SMEs Small & Medium Enterprises

SMILE Sidbi make in India loan for enterprise
 SOFIA Stratospheric observatory infrared astronomy
SSL Secure Socket Layer
STRIPS Separate trading for registered interest & principal of securities
SWIFT Society for worldwide interbank financial telecommunications

T
TFA Trade Facilitation Agreement
TIN Tax Information Network
TRAI Telecom Regulatory Authority of India

U
UCBs Urban Cooperative Banks
UGC University Grants Commission
UIDAI Unique IdentificationDevelopment Authority of India
UNCTAD United Nations Conference on Trade & Development
UNDP United Nations Development Programme
USB Ultra Small Branches
USOF Universal Service Obligation
UWIN Unorganised Workers Identification Number

V
VAT Value Added Tax
VCES Voluntary Compliance Encouragement Scheme
VOIP Voice Over Internet Protocol

W
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 WPI Wholesale Price Index
WTFC World Tourism Cities Federation
WTO World Trade Organization

Y
Y-o-Y Year-on-Year

Z
ZPG Zero Population Growth
ZTC Zonal Training Centre