Common Abbreviations in Banking

A list of commonly used abbreviations in the banking sector

Abbreviation

Full Form

ACF

Auto-Correlation Function   

AD

Authorized Dealer   

ADB

Asian Development Bank  

ADR

American Depository Receipt  

AFS

Annual Financial Statement  

AGM

Annual General Meeting  

AIRCSC

All India Rural Credit Survey Committee

AO

Additive Outliers   

AR

Auto Regression   

ARIMA

Auto-Regressive Integrated Moving Average 

AFS

Available For Sale  

ASSOCHAM

Associated Chambers of Commerce  and Industry of India

ATM

Asynchronous Transfer Mode  

ATM

Automated Teller Machine  

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  

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

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  

DAP

Development Action Plan  

DBOD

Department of Banking Operations and Development

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,

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  

DRI

Differntial Rate of Interest Scheme

DSBB

Dissemination Standards Bulletin Board 

DVP

Delivery versus Payment  

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

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

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   

HDFC

Housing Development Finance Corporation 

HFT

Held For Trading   

HICP

Harmonised Index of Consumer Prices

HO

Head Office   

HUDCO

Housing & Urban Development Corporation

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  

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

KVIC

Khadi & Village Industries Corporation

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

LS

Level Shift   

LT

Long Term   

LTO

Long Term Operation  

M1

Narrow Money   

M3

Broad Money   

MA

Moving Average   

MCA

Ministry of Company Affairs 

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    

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   

NPD

Net Primary Deficit  

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  

NSSF

National Small Savings Fund 

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 

OMO

Open Market Operations  

OSCB

Other Indian Scheduled Commercial Bank

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 

PNB

Punjab National bank  

PO

Principal Office   

PRB

Primary Revenue Balance  

PSE

Public Sector Enterprises  

PUC

Paid Up Capital  

QRR

Quick Review Report  

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   

RoCs

Registrars of Companies  

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  

SAM

Social Accounting Matrix  

SAS

Statistical Analysis System  

SBI

State Bank of India 

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 Exchange Board of India

SEBs

State Electricity Boards  

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

SWG

Second Working Group on Money Supply

TBs

Treasury Bills   

TC

Temporary Change   

TT

Telegraphic Transfer   

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 

VC

Venture Capital   

WGMS

Working Group on Money Supply: Analytics and Methodology of Compilation

WPI

Wholesale Price Index  

WSS

Weekly Statistical Supplement  

YTM

Yield to Maturity  

ZO

Zonal Office