Important Abbreviations IRIGC-TEC -India-Russia Inter-Governmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation *AEPS – Aadhaar-Enabled Payments Switch AIC – Agricultural Insurance Company AIDIS – All India Debt and Investment Survey *AMC – Asset Management Company AML – Anti-Money Laundering ANBC – Adjusted Net Bank Credit APO – Army Post Office *ATM – Automated Teller Machine *AUM – Assets Under Management *BBNL – Bharat Broadband Network Limited *BIS – Bank of International Settlements *BOO – Build-Own-Operate BR Act – Banking Regulations Act, 1949 *BRIC – Brazil, Russia, India, China *BRICS – Brazil, Russia, India, China, South Africa *BSBDA – Basic Savings Bank Deposit Account *CBS – Core Banking Solutions *CCI – Competition Commission of India *CEO – Chief Executive Officer *CERC – Central Electricity Regulatory Commission *CERSAI – Central Registry of Securitisation Asset Reconstruction and Security *CGTMSE – Credit Guarantee Fund Trust for Micro and Small Enterprises *CIBIL – Credit Information Bureau Limited CIC – Core Investment Company CICO – Cash In Cash Out *CMIE – Centre for Monitoring Indian Economy *CRR – Cash Reserve Ratio CSP – Customer Service Point *CWC – Central Warehousing Corporation *DBT – Direct Benefit Transfer DCCB – District Central Cooperative Bank D-NBFC – Deposit Taking NBFC *ECB – European Central Bank EOD – Economic Offenses Division *EMC – Expenditure Management Commission *EPFO – Employees’ Provident Fund Organisation *ETF – Exchange Traded Fund *EU – European Union FATF – Financial Action Task Force *FCI – Food Corporation of India *FDI – Foreign Direct Investment *Fed. – Federal Reserve (United States) *FII – Foreign Institutional Investors FLC – Financial Literacy Centre *FMC – Forward Markets Commission FOS – Financial Ombudsman Service FSB – Financial Stability Board *FSLRC – Financial Sector Legislative Reforms Commission FSP – Financial Services Provider *G2P – Government to Person *GBP – Great Britain Pound GCC – General Credit Card *GDP – Gross Domestic Product *GIC – General Insurance Corporation of India *GNPA – Gross NPA *GOI – Government of India GPRS – General Packet Radio Service GRC – Grievance Redressal Cell HDBS – Horizontally Differentiated Banking System HFC – Housing Finance Company *HTM – Held-to-Maturity *IBA – Indian Banks‘ Association *IFC – International Finance Corporation IGIDR – Indira Gandhi Institute of Development Research *IIP – Index of Industrial Production *IMF – International Monetary Fund *IMPS – Immediate Mobile Payment System *IRDA – Insurance Regulatory and Development Authority *JNNURM – Jawaharlal Nehru National Urban Renewal Mission *KCC – Kisan Credit Card *KGFS – Kshetriya Gramin Financial Services *KVP – Kisan Vikas Patra *KYC – Know Your Customer LAB – Local Area Bank *LIC – Life Insurance Corporation of India *LOLR – Lender of Last Resort *MCA – Ministry of Corporate Affairs *MFI – Micro Finance Institution MMMF – Money Market Mutual Fund MSB – Money Service Business *MSME – Micro, Small, and Medium Enterprises *NABARD – National Bank for Agriculture and Rural Development *NBFC – Non-Banking Financial Company *NCAER – National Council of Applied Economic Research ND-NBFC – Non Deposit Taking NBFC NDTL – Net Demand and Time Liability *NECS – National Electronic Clearing Service *NEFT – National Electronic Funds Transfer *NFA – No-Frills Account *NHB – National Housing Bank NOFN – National Optical Fibre Network *NPA – Non-Performing Asset *NPS – National Pensions Scheme *NREGA – National Rural Employment Guarantee Act, 2005 *NSSO – National Sample Survey Organisation *OTP – One-Time-Password PACS – Primary Agricultural Cooperative Society *PFRDA – Pension Fund Regulatory and Development Authority *PMEAC - Prime Minister’s Economic Advisory Council PNO – Payment Network Operator *POA – Proof of Address *POI – Proof of Identity *PoP – Point of Purchase *POS – Point of Sale PPI – Pre-Paid Instrument Issuer *PPP – Public Private Partnership PSD – Payment Services Directive PSL – Priority Sector Lending *QIB – Qualified Institutional Buyer RAROC – Risk Adjusted Return on Capital *RBI – Reserve Bank of India RBS – Risk Based Supervision RBS – Royal Bank of Scotland RGS – Rural Godown Scheme RIDF – Rural Infrastructure Development Fund *RRB – Regional Rural Bank *RTGS – Real Time Gross Settlement Service *SARFAESI – Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act *SAT – Securities Appellate Tribunal *SBI – State Bank of India *SCB – Scheduled Commercial Bank SCORES – SEBI Complaints Redress System *SEBI – Securities and Exchange Board of India *SFIO – Serious Fraud Investigation Office SFRC – State Finance Regulatory Commission *SHG – Self-Help Group *SIDBI – Small Industrial Development Bank of India SIFI – Systemically Important Financial Institution *SIV – Special Investment Vehicles *SLR – Statutory Liquidity Ratio *SMS – Short Message Service *SPV – Special Purpose Vehicle *SWC – State Warehousing Corporation *TARC – Tax Administration Reform Commission TCF – Treating Customers Fairly *TRAI – Telecom Regulatory Authority of India *UCB – Urban Cooperative Bank *UEBA – Universal Electronic Bank Account *UIDAI – Unique Identification Authority of India *ULIP – Unit-Linked Insurance Policies *UPIN – Unique Property Identification Numbers USB – Ultra-Small Branch USD – United States Dollar VDBS – Vertically Differentiated Banking System WBCIS – Weather Based Crop Insurance Scheme *WL-ATM – White Label ATM *WPI – Wholesale Price Index
Posted on: Sun, 09 Nov 2014 12:48:10 +0000
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