Important Regulatory Bodies in India

Important Regulatory Bodies in India
¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬
#1. RBI – Reserve Bank of India
Sector: Banking & Finance, Monetary Policy
Head: Governor – Raghuram Rajan
Headquarters: Mumbai
#2. SEBI – Securities and Exchange Board of India
Sector: Securities (Stock) & Capital Market
Head: Chairman – U.K.Sinha
Headquarters: Mumbai
#3. IRDAI – Insurance Regulatory and Development Authority
Sector: Insurance
Head: Chairman – T.S. Vijayan
Headquarters: Hyderabad
#4. PFRDA – Pension Fund Regulatory & Development Authority
Sector: Pension
Head: Chairman – Hemant Contractor
Headquarters: New Delhi
#5. NABARD – National Bank for Agriculture and Rural Development
Sector: Financing Rural Development
Head: Chairman – Harsh Bhanwala
Headquarters: Mumbai
#6. SIDBI – Small Industries Development Bank of India
Sector: Financing Micro, Small and Medium-Scale Enterprises
Head: Chairman – S. Muhnot
Headquarters: Lucknow
#7. NHB – National Housing Bank
Sector: Financing Housing
Head: MD & CEO – Sriram Kalyanaraman
Headquarters: New Delhi
#8. TRAI – Telecom Regulatory Authority of India
Sector: Telecommunication & Tariffs
Head: Chairman – Ram Sewak Sharma
Headquarters: New Delhi
#9. CBFC – Central Board of Film Certification
Sector: Film/TV Certification & Censorship
Head: Chairman – Pahlaj Nihalani
Headquarters: Mumbai
#10. FIPB – Foreign Investment Promotion Board
Sector: Foreign Direct Investment
Head: Chairman (Secretary, Dept. of Economic Affairs, GoI) – Shaktikanta Das
Headquarters: New Delhi
#11. FSDC – Financial Stability and Development Council
Sector: Financial Sector Development
Head: Chairman (Finance Minister, GoI) – Arun Jaitley
Headquarters: New Delhi
#12. FSSAI – Food Safety and Standards Authority of India
Sector: Food
Head: Chairman – Ashish Bahuguna
Headquarters: New Delhi
#13. BIS – Bureau of Indian Standards
Sector: Standards & Certification
Head: Director General – Alka Panda
Headquarters: New Delhi
#14. ASCI – Advertising Standards Council of India
Sector: Advertising
Head: Chairman – Narendra Ambwani
Headquarters: Mumbai
#15. BCCI – Board of Control for Cricket in India
Sector: Cricket
Head: President – Shashank Manohar
Secretary – Anurag Thakur
Headquarters: Mumbai

Latest Important Summits

Latest Important Summits :

🔹 APEC 2016 Summit- Lima, Peru

🔹 APEC 2017 Summit- Hano, Vietnam

🔹 Nuclear Summit 2016 - US

🔹 G7 Summit 2016 - shima, Japan.

🔹 G7 Foreign Ministers Meeting - Hiroshima, Japan

🔹 G8 Summmit 2016 - Sendai, Japan

🔹 G20 Summit 2016 - Hangzhou, China.

🔹 8th BRICS Summit - Goa.

🔹 SCO Summit- Tashkent, Uzbekistan

🔹India Investment Summit - New Delhi

🔹 World Humanitarian Summit - Istanbul

🔹 Heart of Asia conference - New Delhi

🔹 13th Islamic Summit Conference - Istanbul

🔹 14th meeting of Foreign Ministers of Russia, India and China - Moscow.

🔹 Maritime India Summit 2016 - Mumbai

🔹 North East-ASEAN Business Summit - Imphal

🔹 National Summit on Family Planning - New Delhi.

🔹 International Conference on Zero - Paris.

🔹 13th India-EU Summit - Brussels.

🔹 59th Session of Commission on Narcotic Drugs - Vienna.

🔹 60th Session of Commission on the Status of Women - New York.

🔹 Broadband Commission for Sustainable Development - Dubai.

🔹 World Congress of Biosphere Reserves- Lima.

🔹 World Government Summit - Dubai.

🔹 World Internet Conference - Wuzen, China.

🔹 2016 Nuclear Industry Summit - Washington, D.C.

🔹 SAARC Summit 2016 - Islamabad

🔹 East - Asia Summit 2016 - Laos

Financial Markets Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions, instruments, recent developments.

Financial Markets Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions, instruments, recent developments.

1.http://indianexpress.com/article/explained/manmohan-singh-indian-economy-indian-rupee-devaluation-nse-nsdl-stock-exchange-bombay-stock-exchange-2924639/

2.http://economictimes.indiatimes.com/definition/category/Equity

Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI - components and trends

Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI - components and trends

1.refer ramesh singh  for basic terms and understanding

2.http://mrunal.org/2014/08/explained-wpi-cpi-iip-index-component-core-inflation-headline-inflation-laspeyre.html#18

3.What is the GDP deflator and why is it in the news now?

The GDP deflator, also called implicit price deflator, is a measure of inflation. Simply put, it is the ratio of the value of goods and services an economy produces in a particular year at current prices to that at prices prevailing during any other reference (base) year. This ratio basically shows to what extent an increase in GDP or gross value added (GVA) in an economy has happened on account of higher prices, rather than increased output. Since the deflator covers the entire range of goods and services produced in the economy — as against the limited commodity baskets for the wholesale or consumer price indices — it is seen as a more comprehensive measure of inflation.

The deflator is in the news because Chief Economic Adviser Arvind Subramanian has referred to it to show that inflation currently is at very low levels. Annual inflation based on the GDP deflator was 1.66 per cent during April-June and 0.21 per cent in the preceding quarter. It was even lower based on the GVA deflator: 0.07 per cent in April-June, and minus 0.13 per cent in January-March. (GVA is essentially GDP net of all product taxes and subsidies; the GVA deflator, hence, yields a truer picture of the underlying inflation in the economy.) According to Subramanian, the near-flat GDP/GVA deflators indicate that “we are closer to deflation territory and far, far away from inflation territory”.

How does this tally with the inflation rates based on the more commonly-known wholesale price index (WPI) and consumer price index (CPI)?

WPI inflation is already in negative territory for the last nine consecutive months since November. It averaged 0.33 per cent in October-December, minus 1.82 per cent in January-March and minus 2.35 per cent in the April-June quarter. On the other hand, CPI inflation — which the Reserve Bank of India (RBI) employs as the “nominal anchor” for its monetary policy operations — has been much higher, averaging 5.27 per cent in January-March and 5.09 per cent in April-June. The accompanying chart shows that the deflator-based inflation has tended to be higher than WPI inflation and lower than CPI inflation, but closer to the former than the latter.

Of the three, which is the most reliable measure?

As already mentioned, the deflator is the most accurate indicator of the underlying inflationary tendency, as it covers all goods and services produced in the economy. The other two indices derive from price quotations for select commodity baskets. The WPI basket includes 676 commodities; all of these are only goods and whose prices are captured at the wholesale/producer level. The CPI considers inflation at the retail end, while also including services.

But since only goods and services directly consumed by households — from foodstuffs, clothing and petrol to health, education and recreation services — are taken, the CPI does not tell us what is happening to prices of cement, steel, polyester yarn or compressors. While retail inflation is, no doubt, important, policymakers cannot ignore the prices that producers — both of consumer as well as various intermediate and capital goods — are receiving. Prolonged negative WPI inflation could, indeed, be indicative of deflationary pressures not being adequately reflected in the CPI. Given all these, the deflator is a better gauge of inflation (or even deflation, as Subramanian is suggesting) in the economy.

So, why is the deflator not much in use?

The main reason is that it is available only on a quarterly basis along with GDP estimates, whereas CPI and WPI data are released every month.

Why is the RBI stuck on CPI inflation when both the deflator and WPI inflation rates point to the possibility of the Indian economy being in deflation mode?

The RBI’s basic logic for targeting CPI inflation is simple. The inflation thatconsumers experience or expect in future is what gets factored in wage bargains and also determines the allocation of household savings across different assets. The job of monetary policy is to see that the public’s inflation expectations are firmly anchored, so as to prevent any wage-price spirals. Interest rates will also have to be sufficiently above CPI inflation, so that households continue to park their savings in bank deposits as opposed to gold or real estate.

But the criticism of this approach is that it works in normal times, whereas today we have an abnormal situation of deflation — at least from the producers’ end. Given zero, if not negative, WPI or deflator inflation and 10 per cent-plus nominal borrowing rates, firms are effectively paying double-digit real interest rates. This is as unsustainable a situation as the negative real interest rates that savers were getting, not too long ago, on fixed deposits. That being the case, the benefits to producers from a sharp cut in interest rates may far out outweigh losses to savers. Also, savings ultimately come from incomes, which, in turn, are a function of growth and jobs in the economy. Monetary policy will probably have to reconcile itself to this reality. The RBI was behind the curve when inflation took off in 2011-12; it cannot afford to be behind the curve on deflation today.

Index of Industrial Production (IIP)

September 25, 2011

The Index of Industrial Production ( IIP) is an abstract number or ratio which measures the growth of various sectors in the economy. In India, IIP is a representative figure which measures the general level of Industrial activity in the country. Being an abstract number, it does not show volume of activity and only shows the magnitude which represents the status of production in the industrial sector for a given period of time as compared to a reference period of time.

Contents 

·         Key Historical Facts

·         Composition of IIP

o    Sector wise Composition

o    Use wise Composition

·         Percentage Weightage of Core Industries

Key Historical Facts

An Interim Index of Industrial Production was released from 1947, based upon 15 industries and with base year 1937. It was discontinued in 1949.  The First IIP was published in 1950 by Office of Economic Advisor, Ministry of Commerce with base year 1937.  The base year was later shifted from time to time. Currently IIP data is released every month by CSO (Central Statistical Office) which was set up in 1951. Current IIP Base year is 2004-05.

Composition of IIP

Currently, the Index of Industrial Production comprises 682 individual items. These items can be divided into two ways as follows:

Sector wise Composition

Sector wise , the items included in IIP fall into three sectors viz. mining, manufacturing and electricity sectors.  The below tables shows the items in base year 2004-05 and 1993-94 number and weightage of items sector wise.

From the above table, we note down that:

·         In the current IIP index, there are 61 mining items and 620 manufacturing items. Only 1 item (electricity) comes under electricity sector.

·         Maximum weightage is of manufacturing items (755.27), followed by Mining (141.57) and Electricity (103.16)

·         While updating the IIP from 1993-94 to 2004-05, the weightage of manufacturing was brought down while that of mining was increased. This is mainly because the contribution of the GrossDomestic Product of the Manufacturing sector has decreased compared to other two sectors as per the National Accounts Statistics.

Use wise Composition

Use wise, the 682 items are divided into basic goods, capital goods, intermediate goods and consumer goods. Further, consumer goods is divided into consumer durables and consumer non durables. The below table shows the items in IIPs with base year 1993-94 and 2004-05 with number of items therein.

From the above, table, we note that:

·         In the IIP index, the maximum weight is of basic goods, followed by Consumer Goods, followed by Intermediate and Capital Goods. While updating IIP index from base year 1993-04 to 2004-05, the weightage of basic goods and consumer goods has gone up; while that of capital goods and intermediate goods and come down.

·         The maximum weightage is given to Basic goods, followed by Consumer Goods, followed by Intermediate and Capital Goods. Among Consumer goods, the weightage of consumer non-durables is much more than of durables.

Percentage Weightage of Core Industries

The eight Core Industries viz. Fertilizers, Electricity, Refinery Products, Natural Gas, Steel, Cement, Crude Oil and coal [remember this by mnemonic FERNS-C³] is nearly 38% in the IIP. This is shown indecreasing order as follows:

Industry	% Weightage in IIP
Electricity	10.32
Steel (Alloy + Non-alloy)	6.68
Refinery Products	5.94
Crude Oil	5.22
Coal	4.38
Cement	2.41
Natural Gas	1.71
Fertilizers	1.25

So, on the basis of weightage the arrangement of six core industries in decreasing order is as follows: Electricity> Steel >Refinery Products> Crude Oil >Coal>Cement >Natural Gas> Fertilizers.

IN OTHER WORDS : The index of Industrial Production (IIP) conveys the status of production in the industrial sector of an economy in a given period of time, in comparison with a fixed reference point in the past. The IIP numbers, in India use 2004-05 as the base year for comparison.

The current Index of Industrial Production (IIP) with base 2004-05 has a broader coverage of 682 items comprising 61 from Mining & Quarrying, 620 from Manufacturing and 1 from Electricity Sector having the weightage of 14.16%, 75.53% and 10.32% respectively in the all-India IIP.

IIP is compiled using data received from 16 source agencies viz. Department of Industrial Policy & Promotion (DIPP); Indian Bureau of Mines; Central Electricity Authority; Joint Plant Committee; Ministry of Petroleum & Natural Gas; Office of Textile Commissioner; Department of Chemicals & Petrochemicals; Directorate of Sugar; Department of Fertilizers; Directorate of Vanaspati, Vegetable Oils & Fats; Tea Board; Office of Jute Commissioner; Office of Coal Controller; Railway Board; Office of Salt Commissioner and Coffee Board.

The Eight Core Industries comprise nearly 38 % of the weight of items included in the Index of Industrial Production (IIP). They are Coal, Crude Oil, Natural Gas, Petroleum Refinery Products,Fertilizers,Steel, Cement & Electricity.

The combined Index of Eight Core Industries stands at 172.7 in December,2014, which is 2.4 % higher compared to the index of December, 2013. Its cumulative growth during April to December, 2014-15 was 4.4 %.

ABBREVIATIONS

Maximum possible list of all abbreviations

AD Authorized Dealer.
ALM Asset Liability Management.
AMFI Association of Mutual Fund in India.
ASBA Application Supported by Blocked Account.
ATM Automated Teller Machine.
BCSBI Banking codes and standards board of India.
BIRD Bankers Institute of Rural Development.
BIS Bank for International Settlements.
BPLR Benchmark Prime Lending Rate.
CAD Capital Account Deficit.
CASA Current and Savings Account.
CASA ratio stands for current and savings account ratio. CASA ratio of a bank is the ratio of deposits in current and saving accounts to total deposits. A higher CASA ratio indicates a lower cost of funds, because banks do not usually give any interests on current account deposits and the interest on saving accounts is usually very low 3-4%.[3] If a large part of a bank's deposits comes from these funds, it means that the bank is getting those funds at a relative lower cost. It is generally understood that a higher CASA ratio leads to higher net interest margin. In India, it is used as one of the metrics to assess the profitability of a bank


CAR Capital Adequacy Ratio.
CARE Credit Analysis and Research Limited.
CBS Core Banking Solutions.
CCEA Cabinet Committee on Economic Affairs.
CDR Corporate Debt Restructuring.
CDS Credit Default Swap.
CECA Comprehensive Economic Cooperation Agreement.
CEPA Comprehensive Economic Partnership Agreement.
CIBIL Credit Information Bureau of India Limited.
CRAR Capital to Risk-weighted Assets Ratio.
CRISIL Credit Rating and Investment Services India Limited.
CRR Cash Reserve Ratio.
DTAA Double Taxation Avoidance Agreement.
ECBs External Commercial Borrowings.
EFT Electronics Fund Transfer.
FDI Foreign Direct Investment.
FEMA Foreign Exchange Management Act.
FERA Foreign Exchange Regulation Act.
FINO Financial Inclusion Network Operation.(NOT ORGANISATION)
FIPB Foreign Investment Promotion Board.
FPI Foreign Portfolio Investment.
FRBMA Fiscal Responsibility and Budget Management Act.
FSLRC Financial Sector Legislative Reforms Commission.
The Financial Sector Legislative Reforms Commission (FSLRC) is a body set up by the Government of India, Ministry of Finance, on 24 March 2011, to review and rewrite the legal-institutional architecture of the Indian financial sector. This Commission is chaired by a former Judge of the Supreme Court of India, Justice B. N. Srikrishna and has an eclectic mix of expert members drawn from the fields of finance, economics, public administration, law etc.
GDP Gross Domestic Product.
GNP Gross National Product.
HDFC Housing Development Finance Corporation.
IBA Indian Bank Associations.
ICICI Industrial Credit and Investment Corporation of India.
ICRA Indian Credit Rating Agency.
IFSC Indian Financial System Code.
IMPS- IMMEDIATE Payment Service.
INFINET Indian Financial Network.
IPO Initial Public Offering.
KYC Know Your Customer.
LIBOR London Inter-Bank Offered Rate.
MICR Magnetic Ink Character Recognition.
MSF Marginal Standing Facility.
NABARD National Bank for Agriculture and Rural Development.
NDTL Net Demand and Time Liabilities.
NEFT National Electronic Fund Transfer.
NPA Non-Performing Assets.
NPCI National Payments Corporation of India.
PIN Personal Identification Number.
PPP Purchasing Power Parity/ Public Private Partnership.
PSB Public Sector Bank.
RTGS Real Time Gross Settlement.

SENSEX Sensitive Index of Stock Exchange.
The S&P BSE SENSEX (S&P Bombay Stock Exchange Sensitive Index), also-called the BSE 30 or simply the SENSEX, is a free-float market-weighted stock market index of 30 well-established and financially sound companies listed on Bombay Stock Exchange.

SIDBI Small Industries Development Bank of India.
SLR Statutory Liquidity Ratio.
SWIFT Society for Worldwide Interbank Financial Telecommunication.
TIN Tax Information Network.
UIDAI Unique Identification Development Authority of India.
UPI United Payment Interface.

List Of Abbreviations

ABCI - Association of Business Communicators

of India

ABCP - Asset Backed Commercial Paper

ACU - Asian Clearing Union

ADB - Asian Development Bank

ADF - Augmented Dicky Fuller

ADR - Asset Development Reserve

ADRs - American Depository Receipts

ADs - Authorised Dealers

AERA - Airport Economic Regulatory Act

AFI - Annual Financial Inspection

AIFI - All India Financial Institution

AIMSCS - Advanced Institute of Mathematics,

Statistics and Computer Science

ALM - Asset Liability Management

AMA - Advanced Measurement Approach

AMFI - Association of Mutual Funds in India

AML - Anti-Money Laundering

AMU - Asian Monetary Unit

ANBC - Adjusted Net Bank Credit

APS - Annual Policy Statement

AS - Accounting Standard

ATM - Automated Teller Machine

BAFT - Bankers’ Association for Finance & Trade

BC - Business Correspondent

BCBS - Basel Committee on Banking Supervision

BCP - Business Continuity Planning

BCSBI - Banking Codes and Standards Board of India

BE - Budget Estimates

BF - Business Facilitator

BFS - Board for Financial Supervision

BFSI - Banking Financial Services and Insurance

BIS - Bank for International Settlements

BMP - Basic Management Programme

BoP - Balance of Payments

BPLR - Benchmark Prime Lending Rate

BPSS - Board for Regulation and Supervision of

Payment and Settlement Systems

BRBNMPL - Bharatiya Reserve Bank Note Mudran Private Limited

BSA - Bilateral Swap Arrangements

BSE - Bombay Stock Exchange, Mumbai

BSR - Basic Statistical Returns

BTC - Bankers’ Training College

CA - Concurrent Audit

CAB - College of Agricultural Banking

CACP - Commission for Agricultural Costs and

Prices

CAD - Current Account Deficit

CAMELS - Capital Adquacy, Asset Quality, Management, Earnings, Liquidity, Systems and Control

CAS - Central Account Section

CBDT - Central Board of Direct Taxes

CBLO - Collateralised Borrowing and Lending Obligation

CBS - Consolidated Banking Statistics

CBS - Core Banking Solutions

CC - Cubic Capacity

CCB - Central Co-operative Bank

CCC - Central Complaints Committee

CCIL - Clearing Corporation of India Limited

CCR - Counterfeit Currency Report

CCRS - Currency Chest Reporting System

CD - Certificate of Deposit

C-D - Currency-Deposit

CDBMS - Centralised Data Base Management

System

CDOs - Collateralised Debt Obligations

CDR - Corporate Debt Restructuring

CDS - Credit Default Swap

CENVAT - Central Value Added Tax

CFMS - Centralised Funds Management System

CFSA - Committee on Financial Sector Assessment

CFT - Combating Financing of Terrorism

CGFTMSE - Credit Guarantee Fund Trust for Micro and Small Enterprises

CGRA - Currency & Gold Revaluation Account

CIC - Central Information Commission

CICs - Credit Information Companies

CIS - Commonwealth of Independent States

CMCPS - Compulsorily and Mandatorily Convertible Preference Shares

CMIS - Currency Management Information System

CoBoSAC - Corporate Bonds and Securitisation Advisory Committee

CODs - Central Office Departments

CoR - Certificate of Registration

CP - Commercial Paper

CPADS - Centralised Public Accounts Department System

CPC - Cheque Processing Centre

CPDO - Centralised Public Debt Office

CPFF - Commercial Paper Funding Facility

CPI - Consumer Price Index

CPI-AL - Consumer Price Index- Agricultural Labourers

CPI-RL - Consumer Price Index- Rural Labourers

CPI-IW - Consumer Price Index for Industrial Workers

CPIO - Central Public Information Officer

CPIs - Consumer Price Indices

CPMG - Corporate Performance Monitoring

Group

CPPC - Central Pension Payment Cell

CPSEs - Central Public Sector Enterprises

CR - Contingency Reserve

CRAR - Capital to Risk-Weighted Assets Ratio

CRCS - Central Registar of Co-operative Societies

CRR - Cash Reserve Ratio

CSAA - Control Self Assessment Audit

CSD - Customer Services Department

CSF - Consolidated Sinking Fund

CSGL - Constituant Subsidiary General Ledger

CSO - Central Statistical Organisation

CTR - Cash Transaction Receipt

CTS - Cheque Truncation System

CTS - Complaint Tracking System

CVD - Countervailing Duty

CVPS - Currency Verification and Processing

System

CWC - Central Water Commission

DAD - Deposit Accounts Department

DAP - District Agricultural Plan

DAPM - Department of Administration and

Personnel Management

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

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

DGBA - Department of Government and Bank

Accounts

DGCI & S - Directorate General of Commercial

Intelligence and Statistics

DIC - District Industries Centre

DICGC - Deposit Insurance and Credit Guarantee Corporation

DIP - Disclosure and Investor Protection

DIT - Department of Information Technology

DMIS - Document Management Information

System

DNBS - Department of Non-Banking Supervision

DOC - Department of Communication

DoT - Department of Telecommunication

DRG - Development Research Group

DRI - Differential Rate of Interest

DRT - Debt Recovery Tribunal

DS - Difference Stationary

DSB - Designated Settlement Banks

DSIM - Department of Statistics and Information

Management

DvP - Delivery versus Payment

EACB - European Association of Co-operative Banks

EBT - Electronic Benefit Transfer

ECB - European Central Bank

ECBs - External Commercial Borrowings

ECGC - Export Credit Guarantee Corporation

ECR - Export Credit Refinance

ECS - Electronic Clearing Services

EEA - Exchange Equalisation Account

EEFC - Exchange Earners’ Foreign Currency

EFT - Electronic Funds Transfer

EMEs - Emerging Market Economies

EOU - Export Oriented Unit

EPCG - Export Promotion Capital Goods

ESOS - Employees Stock Option Scheme

EU - European Union

EXIM Bank - Export Import Bank

FAO - Food & Agriculture Organisation

FAQs - Frequently Asked Questions

FATF - Financial Action Task Force

FBT - Fringe Benefit Tax

FC - Financial Conglomerate

FCAs - Foreign Currency Assets

FCCB - Foreign Currency Convertible Bond

FCI - Food Corporation of India

FCNR(B) - Foreign Currency Non-Resident (Banks)

FDI - Foreign Direct Investment

FED - Foreign Exchange Department

FEDAI - Foreign Exchange Dealers’ Association of India

FI - Financial Institutions

FIEO - Federation of Indian Export Organisation

FIIs - Foreign Institutional Investors

FIPB - Foreign Investment Promotion Board

FITL - Funded Interest Term Loan

FIU-IND - Financial Intelligence Unit-India

FLCCs - Financial Literacy and Credit Counseling

Centres

FMCG - Fast Moving Consumer Goods

FMD - Financial Markets Department

FOF - Flow of Funds

FPS - Focus Product Scheme

FRBM - Fiscal Responsibility and Budget Management

FRBs - Floating Rate Bonds

FRL - Full Reservoir Level

FRLs - Fiscal Responsibility Legislations

FSB - Financial Stability Board

FSF - Financial Stability Forum

FST - Financial Sector Technology

FVCIs - Foreign Venture Capital Investors

GCC - Gulf Cooperation Council

GCCs - General-purpose Credit Cards

GDP - Gross Domestic Product

GDRs - Global Depository Receipts

GFCE - Government Financial Consumption Expenditure

GFD - Gross Fiscal Deficit

GFSR - Global Financial Stability Report

GIPSA - General Insurer’s (Public Sector) Association of India

GoI - Government of India

GRF - Guarantee Redemption Fund

GSDP - Gross State Domestic Product

GST - Goods and Services Tax

HFCs - Housing Finance Companies

HLAC - High Level Advisory Committee

HLCCFM - High Level Coordination Committee on Financial Markets

HLG - High Level Group

HR - Human Resources

HRDD - Human Resources Development

Department

HRMS - Human Resources Management

System

HSUI - Housing Start Up Index

HTM - Held-to-Maturity

IAS - Integrated Accounting Systems

IASC - Inspection and Audit Sub-Committee

IBA - Indian Banks’ Association

ICAC - International Cotton Advisory

Committee

ICAI - Institute of Chartered Accountants of

India

ICAR - Indian Council for Agricultural Research

ICCOMS - Integrated Computerised Currency

Operations and Management System

ICT - Information and Communication

Technology

IDMD - Internal Debt Management Department

IDR - Indian Depository Receipt

IDRBT - Institute for Development & Research in

Banking Technology

IEM - Industrial Entrepreneurs Memoranda

IES - Integrated Establishment System

IGIDR - Indira Gandhi Institute of Development

Research

IIA - Institute of Internal Auditors

IIBM - Indian Institute of Bank Management

IIFCL - India Infrastructure Finance Company

Limited

IIFT - Indian Institute of Foreign Trade

IIP - Index of Industrial Production

ILO - International Labour Organisation

IMA - Internal Models Approach

IMD - India Millennium Deposits

IMD - India Meteorological Department

IMF - International Monetary Fund

IMFC - International Monetary and Financial

Committee

IODP - Integrated Officers Development

Programmes

IPAs - Issuing and Paying Agents

IPCC - Inter-Govermental Panel on Climate

Change

IPCs - Irrevocable Payment Commitments

IPDIs - Innovative Perpetual Debt Instruments

IPOs - Initial Public Offerings

IP-RR - Interest Payment - Revenue Receipt

IRB - Internal Ratings-Based

IRDA - Insurance Regulatory and Development Authority

IRFs - Interest Rate Futures

ISA - Information Systems Audit

ISACA - Information Systems Audit and Control

Assessment

ISMS - Information Security Management

System

ISO - International Organisation for

Standardisation

IT - Information Technology

IT-BPO - Information Technology - Business

Process Outsourcing

ITEs - Intra-Group Transactions and Exposures

IWMP - Integrated Watershed Management

Programme

JLG - Joint Liability Group

JNNURM - Jawaharlal Nehru National Urban

Renewal Mission

KCCs - Kisan Credit Cards

KVIBs - Khadi and Village Industries Boards

KVIC - Khadi and Village Industries

Commission

KYC - Know Your Customer

LAF - Liquidity Adjustment Facility

LB - Lowest daily outstanding Balance

LCD - Liquid Crystal Display

LIBOR - London Inter-Bank Offer Rate

LOI - Letter of Intent

LPA - Long Period Average

MASI - Management Audit Systems Inspection

MAT - Minimum Alternate Tax

MCA - Ministry of Corporate Affairs

MBS - Mortgage Backed Securities

MF - Mutual Funds

MFDEF - Micro Finance Development and Equity

Fund

MFDF - Micro Finance Development Fund

MFI - Micro Finance Institution

MICR - Magnetic Ink Character Recognition

MMA - Macro Management of Agriculture

MMBCS - Magnetic Media Based Clearing System

MMMFs - Money Market Mutual Funds

MMS - Multi Modal Settlements

MODVAT - Modified Value Added Tax

MoU - Memorandum of Understanding

MPD - Monetary Policy Department

MPI - Macro-Prudential Indicators

MPLS - Multi Protocol Label Switching

MSE-CDP - Micro and Small Enterprises Cluster

Development Programme

MSEs - Micro and Small Enterprises

MSMEs - Micro, Small and Medium Enterprises

MSOE - Minimum Standards of Operational

Efficiency

MSP - Minimum Support Price

MSS - Market Stabilisation Scheme

MTM - Mark-to-Market

NAB - New Arrangement to Borrow

NABARD - National Bank for Agriculture and Rural

Development

NASSCOM - National Association of Software and Services Companies

NAV - Net Asset Value

NBFCs - Non-Banking Financial Companies

NBFC-D - Deposit taking NBFC

NBFC-ND - Non-deposit taking NBFC

NBFC-ND-SI - Systemically Important Non-deposit

taking NBFC

NCR - National Capital Region

NBO - National Building Organisation

NDA - Net Domestic Asset

NDS - Negotiated Dealing Systems

NDS - OM - Negotiated Dealing System - Order

Matching

NDTL - Net Demand and Time Liability

NECS - National Electronic Clearing System

NEFT - National Electronic Funds Transfer

NFS - National Financial Switch

NFA - Net Foreign Assets

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

NIMSME - National Institute for Micro, Small and

Medium Enterprises

NIPFP - National Institute of Public Finance and

Policy

NOC - No Objection Certificate

NOF - Net Owned Funds

NPAs - Non-Performing Assets

NPCI - National Payments Corporation of India

NPS - New Pension Scheme

NRAA - National Rain Fed Area Authority

NREGS - National Rural Employment Guarantee

Scheme

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

NRI - Non-Resident Indian

NRRDA - National Rural Road Development Agency

NSE - National Stock Exchange

NSM - Note Sorting Machine

NSSF - National Small Saving Fund

NSSO - National Sample Survey Organisation

OBCs - Other Backward Classs

OBE - Off- Balance Sheet Exposures

OD - Overdraft

OECD - Organisation for Economic Co-operation

and Development

ODI - Offshore Derivative Instruments

OLTAS - Online Tax Accounting System

OMO - Open Market Operation

OMS - Open Market Sales

OPEC - Organisation for Petroleum Exporting

Countries

ORFS - Online Returns Filing System

OSMOS - Off-Site Monitoring and Surveillance

OTC - Over-the-Counter

OTS - One-Time Settlement

\

PACS - Primary Agricultural Credit Socity

PAD - Public Accounts Department

PAN - Permanent Account Number

PCA - Prompt Corrective Action

PCPS - Perpetual Cumulative Preference

Shares

PDs - Primary Dealers

PDI - Perpetual Debt Instruments

PDO - Public Debt Office

PDO-NDS - Public Debt Office - Negotiated Dealing

System

PDS - Public Distribution System

PE - Private Equity

PFCE - Private Final Consumption Expenditure

PFRDA - Pension Fund Regulatory and

Development Authority

PGPBF - Post Graduate Programme in Banking &

Finance

PIT - Personal Income Tax

PMEGP - Prime Minister Employment Generation

Programme

PMLA - Prevention of Money Laundering Act2002

PMRY - Prime Minister’s Rojgar Yojana

PNCPs - Perpetual Non-Cumulative Preference Shares

POL - Petroleum, Oil and Lubricants

PPP - Public Private Partnership

PSBs - Public Sector Banks

PSS Act - Payment & Settlement Systems Act

PSUs - Public Sector Undertakings

QCBS - Quality and Cost Based Selection

QIB - Qualified Institutional Buyer

QIP - Qualified Institutional Placement

QMS - Quality Management System

R&D - Research & Development

RBIA - Risk Based Internal Audit

RBSC - Reserve Bank Staff College

RCs - Reconstruction Companies

RCC - Regional Complaints Committee

RCS - Registar of Co-operative Societies

RE - Revised Estimates

REER - Real Effective Exchange Rate

REGP - Rural Employment Generation Programme

RIDF - Rural Infrastructure Development Fund

RKVY - Rashtriya Krishi Vikas Yojana

RNCPS - Redeemable Non-Cumulative Preference Shares

RoA - Return on Assets

ROE - Return on Equity

ROSC - Report on Observance of Standards and Codes

RPCD - Rural Planning and Credit Department

RRBs - Regional Rural Banks

RTGS - Real Time Gross Settlement

RTI - Right to Information

RTP - Reserve Tranche Position

SAARC - South Asian Association for Regional Co-operation

SACPs - Special Agricultural Credit Plans

SAD - Single Administrative Document

SDDS - Special Data Dissemination Standards

SAMIS - Service Area Monitoring and Information

System

SAP - State Agricultural Plan

SARFAESI - Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest

SBI - State Bank of India

SC - Scheduled Caste

SCs - Securitisation Companies

SCB - Scheduled Commercial Bank

SDLs - State Development Loans

SDR - Special Drawing Rights

SEBI - Securities and Exchange Board of India

SEZs - Special Economic Zones

SFCs - State Finance Corporations

SFMS - Structured Financial Messaging System

SFURTI - Scheme for Fund for Regeneration of Traditional Industries

SGL - Subsidiary General Ledger

SHGs - Self-Help Groups

SIDBI - Small Industries Development Bank of India

SIFI - Systemically Important Financial

Intermediaries

SIPS - Systemically Important Payment System

SITP - Scheme for Integrated Textile Parks

SIVs - Structured Investment Vehicles

SLAF - Second Liquidity Adjustment Facility

SLA(IC) - Sundry Liabilities Account (Interest

Capitalisation)

SLB - Securities Lending and Borrowing

SLBC - State Level Bankers’ Committee

SLR - Statutory Liquidity Ratio

SMEs - Small and Medium Enterprises

SMO - Special Market Operations

SPMCIL - Security Printing and Minting

Corporation of India Ltd.

SPV - Special Purpose Vehicle

SREP - Supervisory Review and Evaluation

Process

SRMS - Self Employment Scheme for Rehabilitation of Manual Scavangers

SSS - Securities Settlement System

ST - Scheduled Tribe

StCB - State Co-operative Bank

STCRC - Short-Term Co-operative Rural Credit

STOs - State Treasury Offices

STR - Suspicious Transaction Report

STRIPS - Separate Trading for Registered Interest

and Principal of Securities

TAC - Technical Advisory Committee

TAFCUBs - Task Force for Urban Co-operative

Banks

TAG - Technical Advisory Group

TALF - Term Asset-Backed Securities Loan

Facility

TFC - Twelfth Finance Commission

TFCI - Tourism Finance Corporation of India

TFP - Total Factor Productivity

TFTS - Trade for Trade Settlement

TIN - Tax Information Network

TMSM - Training Methods and Skills for

Managers

TMT - Thermo Mechanically Treated

ToRs - Terms of References

TS - Trend Stationary

TUFS - Technology Upgraded Fund Scheme

UBD - Urban Banks Department

UCBs - Urban Cooperative Banks

UCNs - Uniform Code Numbers

UNDP - United Nations Developement Programme

UNICO - Umbrella Organisation for Large Cooperative Banks in Europe

UNDP - United Nations Development Programme

UNIDO - United Nations Industrial Development Organisation

UNME - Urban Non-Manual Employees

UTs - Union Territories

VAR - Vector Autoregression

VaR - Value at Risk

VKGUY - Vishesh Krishi Gram Udyog Yojana

VPN - Virtual Private Network

WADR - Weighted Average Discount Rate

WEO - World Economic Outlook

WMA - Ways and Means Advances

WPI - Wholesale Price Index

WSS - Weekly Statistical Supplement

WTO - World Trade Organisation

XBRL - eXtensible Business Reporting Language

XML - Extensible Markup Language

Y-o-Y - Year-on-Year

ZTC - Zonal Training Centre

ABEDA	Arab Bank for Economic Development in Africa.
ACF	Auto Correlation Function.
ACS	Automated Clearing Systm.
AD	Authorized Dealer.
ADB	Asian Development Bank.
ADR	American Depository Receipt.
AEPS	Aadhaar Enabled Payments Switch.
AFS	Annual Financial Statement.
AGM	Annual General Meeting.
AIC	Agricultural Insurance Company.
ASSOCHAM	Associated Chambers of Commerce and Industry of India.
AMFL	Association of Mutual Funds in India.
AML	Anti Money Laundering.
ALM	Asset Liability Management.
ATM	Automated Teller Machine.
BCSBI	Banking Codes and Standards Board of India.
BIS	Bank for International Settlements.
BOB	Bank of Baroda.
BOI	Bank of India.
BOP	Balance of Payments.
BOR	Bank of Rajasthan.
BOT	Build,Operate and Transfer.
BR Act	Banking Regulations Act, 1949.
BSCS	Basel Committee on Banking Supervision.
BSR	Basic Statistical Returns.
BSE	Bombay Stock Exchange.
BSR	Basic Statistical Returns.
BIS	Bank for International Settlements.
CA	Chartered Accountant.
CAD	Capital Account Deficit.
CAG	Controller and Auditor General.
CAG	Controller and Auditor General of India.
CAR	Cash Adequacy Ratio.
CB	Canara Bank.
CBS	Core Banking Solution.
CDB	Caribbean Development Bank.
CDBS	Committee of Direction on Banking Statistics.
CDS	Credit Default Swap.
CEPA	Comprehensive Economic Partnership Management.
CFRA	Combined Finance and Revenue Accounts.
CGRA	Currency and Gold Revaluation Account.
CIBIL	Credit Information Bureau (India) Limited.
CPI	Consumer Price Index.
CRAR	Capital To Risk Weighted Asset Ratio.
CRMD	Credit Risk Management Department.
CRR	Cash Reserve Ratio.
CTI	Country Threat Index.
COB	Corporation Bank.
CP	Colombo Plan.
CUB	City Union Bank
DB	Dena Bank.
DB	Dhanlakshmi Bank.
DTAA	Double Taxation Avoidance Agreement.
ECB	External Commercial Borrowings.
ECS	Electronic Clearing System.
EEFC	Exchange Earner’s Foreign Currency.
ELSS	Equity Linked Saving Scheme.
EADB	East African Development Bank.
EBRD	European Bank for Reconstruction and Development.
EIB	European Investment Bank.
EXIM	Export Import Bank of India.
FCA	Foreign Currency Assets.
FCCB	Foreign Currency Convertible Bonds.
FCNRA	Foreign Currency Non resident Account.
FDI	Foreign Direct Investment.
FERA	Foreign Exchange Regulation Act.
FICCI	Federation of Indian Chambers of Commerce and Industry.
FII	Foreign Institutional Investor.
FIMMDA	Fixed Income Money Markets and Derivatives Association.
FIPB	Foreign Investment Promotion Board.
FPI	Foreign Portfolio Investment.
FTA	Free Trade Agreement.
GDP	Gross Domestic Product.
GDR	Global Depository Receipt.
GFD	Gross Fiscal Deficit.
GIRO	Government Internal Revenue Order.
GAAR	General Anti Avoidance Rule.
HDFC	Housing Development Finance Corporation.
IADB	Inter American Development Bank.
IBPS	Institute of Banking Personnel Selection.
IBRD	International Bank For Reconstruction And Development.
ICA	Indian Council of Agricultural Research.
ICICI	Industrial Credit and Investment Corporation of India.
IDB	Islamic Development Bank.
IDBI	Industrial Development Bank of India.
IDR	Indian Depository Receipts.
IIB	International Investment Bank.
IIBF	Indian Institute of Banking and Finance.
IRR	Internal Rate Of Return.
IMD	India Millennium Deposits.
IMF	International Monetary Fund.
IMPS	Immediate Mobile Payment System.
IOB	Indian Overseas Bank.
IPO	Initial Public Offering.
IRBI	Industrial Reconstruction Bank of India.
KCC	Kisan Credit Card.
KMB	Kotak Mahindra Bank.
KVB	Karur Vysya Bank.
KYC	Know Your Customer.
LAB	Local Area Bank.
LAF	Liquidity Adjustment Facility.
LDB	Land Development Bank.
LIBOR	London Inter Bank Offered Rate.
MIBOR	Mumbai Inter Bank Offer Rate.
NABARD	National Bank for Agricultural and Rural Development.
NAS	National Account Statistics.
NAV	Net Asset Value.
NBC	Non Banking Companies.
NBFC	Non  Banking and Finance companies.
NEFT	National Electronic Funds Transfer System.
NFA	No Frills Account.
NFC	Non Banking Finance Companies.
NHB	National Housing Bank.
NIB	Nordic Investment Bank.
NPA	Non Performing Assets.
NPS	National Pensions Scheme.
NSE	National Stock Exchange.
OMO	Open Market Operations.
OTP	One Time Password.
PGS	Payment Gateway System.
RBI	Reserve Bank Of India.
RBS	Royal Bank of Scotland.
RRB	Regional Rural Bank.
RTGS	Real Time Gross Settlement System.
SCB	Scheduled Commercial Bank.
SCC	Selective Credit Control.
SEPA	Single Euro Payment Area.
SEBI	Security Exchange Board Of India.
SHGs	Self Help Groups.
SIDBI	Small Industries and Development Bank of India.
SLR	Statutory Liquidity Ratio.
SPNS	Shared Payment Network System.
SWIFT	Society For World Wide Inter Bank Financial Telecommunication.
ULIP	Unit Linked Insurance Plan.
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.
WPFI	World Press Freedom Index.
WPI	Wholesale Price Index.

Sr. No.	Abbreviations	Full Form of Abbreviations
1	AAFI	Amateur Athletics Federation of India
2	AAPSO	Afro-Asian People’s Solidarity Organization
3	AASU	All Assam Students Union
4	ABM	Anti-ballistic Missile
5	AC	Alternate Current OR Air Conditioner
6	ACC	Ancillary Cadet Core
7	AD	Anno Domini (After the Death of Jesus)
8	ADB	Asian Development Bank.
9	AERE	Atomic Energy Research Establishment
10	AGOC	Asian Games Organization Committee
11	AICC	All India Congress Committee
12	AICTE	All India Council of Technical Education
13	AIDS	Acquired immune-Deficiency Syndrome
14	AIFE	All India Football Federation
15	AIIMS	All India Institute of Medical Sciences
16	AIL	Aeronautics India Limited
17	AIMPLB	All India Muslim Personal Law Board
18	AITUE	All India Trade Union Congress
19	ANC	African National Congress
20	APEC	Asia Pacific Economic Cooperation
21	APSC	Army Postal Services Core
22	ASEAN	Association of South East Asian Nations
23	ASLV	Augmented Satellite Launch Vehicle
24	ASI	Archaeological Survey of India
25	ASSOCHAM	Associated Chamber of Commerce and Industry (India)
26	ASWAC	Airborne Surveillance Warning and Control
27	BAMS	Bachelor of Ayurvedic Medicine and Surgery
28	BBC	British Broadcasting Corporation
29	BCG	Bacillus Calmette Guerin (Anti TB Vaccine)
30	BCCI	Board of Control for Cricket in India
31	BENELUX	Belgium, Netherlands and Luxemburg
32	BHEL	Bharat Heavy Electronics Limited
33	BIFR	Board of Industrial Finance and Reconstruction (Formerly Industrial Reconstruction Finance Board)
34	BIMSTEC	Bangladesh, India, Myanmar, Sri Lanka, Thailand Economic Cooperation
35	BIS	Bureau of Indian Standards
36	BRICS	Brazil Russia India China South Africa
37	CAD	Command Area Development
38	CAG	Comptroller and Auditor General
39	CARE	Cooperative for American Relief Everywhere
40	CASE	Commission for Alternative Sources of Energy
41	CBI	Central Bureau of Investigation
42	CBSE	Central. Board of Secondary Education
43	CCEA	Cabinet Committee on Economic Affairs
44	CCS	Cabinet Committee on Security
45	C-DAC	Centre For Development of Advance Computing
46	CDMA	Code Division Multiple Access
47	CDRI	Central Drug Research Institute
48	CHOGM	Commonwealth Heads of Government Meeting
49	CID	Criminal Investigation Department
50	CIS	Commonwealth of Independent States
51	CISF	Central Industrial Security Force
52	CITU	Centre of Indian Trade Unions
53	CLAT	Common Law Admission Test (Started May 2008)
54	CNG	Compressed Natural Gas
55	COD	Central Ordnance Depot
56	COFEPOSA	Conservation of Foreign Exchange and Prevention of Smuggling Act
57	CPO	Central Passport Organization
58	CPRI	Central Power Research Institute
59	CRPF	Central Reserve Police Force
60	CRR	Cash Reserve Ratio
61	CSIR	Council of Scientific and Industrial Research
62	CSO	Central Statistical Organization
63	CTS	Computerized Tomography Scanner
64	CVC	Central Vigilance Commission
65	DDT	DichloroDiphenylTrichloroethane
66	DFDR	‘Digital Flight Data Recorder (Black box)’
67	DIG	Deputy Inspector General
68	DNA	Di-oxyribo-Nucleic Acid
69	DPAP	‘Drought Prone Area Program
70	DPC	Dabhol Power Company
71	DRDO	Defence Research and Development Organization
72	DTH	Direct to Home
73	DVD	Digital Versatile Disk
74	EAS	Employment Assurance Scheme
75	ECD	European Central Bank
76	ECG	Electro Cardiogram
77	EEC	European Economic Community
78	EEG	Electro Encephalogram
79	ELISA	Enzyme Linked Immune Sorbent Assay
80	EMF	Electromotive Force
81	EPABX	Electronic Private Automatic Branch Exchange
82	EPZ	Export Processing Zone
83	ERDA	Energy Research and Development Administration
84	ESMA	Essential Services Maintenance Act
85	EVM	Electronic Voting Machine
86	EXIM Bank	Export-Import Bank of India
87	FAO	Food and Agriculture Organization
88	FBI	Federal Bureau of Investigation (USA)
89	FBTR	Fast Breeder Test Reactor
90	FCI	Food Corporation of India / Fertilizer Corporation of India
91	FDR	Flight Data Recorder (Black Box)
92	FERA	Foreign Exchange Regulation Act
93	FEMA	Foreign Exchange Management Act
94	FICCI	Federation of India Chambers of Commerce and Industry
95	FIPB	Foreign Investment Promotion Board
96	FIR	First Information Report
97	FRS	Fellow of the Royal Society
98	FTII	Films and Television Institute of India
99	FTZ	Free Trade Zone
100	GAIL	Gas Authority of India Limited
101	GATT	General Agreement on Tariff and Trade
102	GIC	General Insurance Corporation
103	GMT	Greenwich Mean Time
104	GNLF	Gorkha National Liberation Front
105	GNP	Gross National Product
106	GPF	General Provident Fund
107	GPO	General Post Office
108	GPS	Global Positioning System
109	GSI	Geological Survey of India
110	HAC	Hindustan Aluminium Corporation
111	HAL	Hindustan Aeronautics Limited
112	HCF	Highest Common Factor
113	HDFC	Housing Development Finance Corporation
114	HIV	Human-Immune-deficiency Virus
115	HMT	Hindustan Machine Tools
116	HUDCO	Housing and Urban Development Corporation
117	HYVS	High Yield Variety Seeds
118	IAAI	International Airport Authority of India
119	lAC	Indian Airlines Corporation
120	IAEA	International Atomic Energy Agency
121	IARI	Indian Agricultural Research Institute
122	IBRD	International Bank for Reconstruction and Development (World Bank)
123	ICAR	Indian Council of Agricultural Research
124	ICBM	Inter-continental Ballistic Missile
125	ICC	International Cricket Council
126	ICFTU	International Confederation of Free Trade Unions
127	ICICI	Industrial Credit and Investment Corporation of India Limited
128	ICJ	International Court of Justice
129	ICMR	Indian Council of Medical Research
130	ICSI	Indian Company Secretaries Institute
131	IDA	International Development Agency
132	IDBI	Industrial Development Bank of India
133	IDO	International Defence Organization
134	IDPL	Indian Drugs and Pharmaceuticals Limited
135	IFA	Indian Football Association
136	IFCI	Industrial Finance Corporation of India
137	IFFI	International Film Festival of India
138	IFFCO	Indian Farmers Fertilizers Cooperative
139	IFTU	International Federation of Trade Unions
140	IIPA	Indian Institute of Public Administration
141	IIS	Indian Institute of Sciences
142	IISCO	Indian Iron and Steel Company
143	IIT	Indian Institute of Technology
144	ILO	International Labour Organization
145	IMA	Indian Military Academy
146	IMF	International Monetary Fund
147	INGCA	Indira Gandhi Gallery for Culture and Art
148	INS	Indian Naval Ship
149	INSAT	Indian National Satellite
150	INTELSAT	International Telecommunication Satellite
151	INTERPOL	International Police Organization
152	INTUC	Indian National Trade Union Congress
153	IOC	International Olympic Committee / Indian Oil Corporation
154	IPC	Indian Penal Code
155	IPKF	Indian Peace Keeping Force
156	IQ	Intelligence Quotient
157	IRBM	Intermediate Range Ballistic Missile
158	IRC	International Red Cross
159	IRDA	Insurance Regulatory Development Authority
160	IRDP	Integrated Rural Development Program
161	ISB	Indian Standard Bureau
162	ISM	Indian School of Mines
163	ISO	International Organization for Standardization
164	ISP	Internet Services Provider
165	ISRO	Indian Space Research Organization
166	IST	Indian Standard Time
167	ITBP	Indo-Tibet Border Police
168	ITDC	Indian Tourism Development Corporation
169	ITPO	Indian Trade Promotion Organization
170	ITO	International Trade Organization
171	IUCN	International Union for Conservation of Nature and Natural Resource
172	ITUC	Indian Trade Union Congress
173	JMM	Jharkhand MuktiMorcha
174	KG	Kinder Garten
175	LASER	Light Amplification By Stimulated Emission of Radiation
176	LIC	Life Insurance Corporation of India
177	LLB	Bachelor of Law
178	LLM	Master of Law
179	LMG	Light Machine Gum
180	LoC	Line of Control (Pakistan)
181	LoAC	Line of Actual Control (China)
182	LPG	Liquefied Petroleum Gas
183	LSD	Lysergic acid diethylamide
184	LTTE	Liberation Tigers of Tamil Elam
185	MA	Master of Arts
186	MASER	Microwave Amplification by Stimulated Emission of Radiation
187	MBA	Master of Business Administration
188	MBBS	Bachelor of Medicine and Bachelor of Surgery
189	MBT	Main Battle Tank
190	MCA	Monetary Compensatory Allowance / Master of Computer Application
191	MCC	Melbourne Cricket Club
192	MD	Doctor of Medicine
193	MFN	Most Favoured Nation
194	MI	Military Intelligence
195	MISA	Maintenance of Internal Security Act
196	MIT	Mechachusates Institute of Technology (USA)
197	MLA	Member of Legislative Assembly
198	MLC	Member of Legislative Council
199	MNC	Multi National Corporation
200	MRCP	Member of Royal College of Physicians
201	MRCS	Member of Royal College of Surgeons
202	MRTPC	Monopoly and Restrictive Trade Practices Commission
203	MODVAT	Modified Value Added Tax
204	NABARD	National Bank for Agricultural and Rural Development
205	NACO	National AIDS Control Organisation
206	NAEP	National Adult Education Programme
207	NAFED	National Agricultural and Marketing Federation
208	NAFTA	North American Free Trade Agreement
209	NAPP	Narora Atomic Power Plant
210	NASA	National Aeronautics and Space Administration (USA)
211	NASDAQ	National Association of Security Dealer’s Active Quotation
212	NASSCOM	National Association of Software & Service Companies
213	NATO	North Atlantic Treaty Organization
214	NCW	National Commission for Women
215	NCCR	National Council for Civil Right
216	NCERT	National Council of Educational Research & Training
217	NDA	National Defence Academy
218	NDDB	National Dairy Development Board
219	NDF	National Defence Fund.
220	NEERI	National Environment Engineering Research Institute
221	NEFA	North-East Frontier Agency
222	NEPA	National Environment Protection Authority
223	NFDC	National Film Development Corporation
224	NFL	National Fertilizer Limited
225	NHRC	National Human Rights Commission
226	NICO	New Information and Communication Order
227	NIDC	National Industrial Development Corporation
228	NIIT	National Institute of Information Technology
229	NIMHANS	National Institute of Mental Health and Neuro-Sciences
230	NITIE	National Institute for Training in Industrial Engineering
231	NMDS	National Missile Defence System (US)
232	NMEP	National Malaria Eradication Program
233	NOIDA	New Okhla Industrial Development Authority
234	NPC	National Productivity Council
235	NPP	National Population Policy
236	NPT	Nuclear Non-Proliferation Treaty
237	NRDC	National Research and Development Corporation
238	NREP	National Rural Employment Program
239	NRI	Non Resident Indian
240	NSC	National Security Council
241	NSSO	National Sample Survey Organization
242	NTC	National Textile Corporation
243	NTPC	National Thermal Power Corporation
244	OGL	Open General Licence
245	OIL	Oil India Limited
246	OK	All Correct
247	ONGC	Oil and Natural Gas Commission
248	OPEC	Organization of Petroleum Exporting Countries
249	PCI	Press Council of India
250	PCS	Provincial Civil Services
251	Ph. D	Doctor of ‘Philosophy
252	PIN	Postal lndex Number
253	PLO	Palestine Liberation Organization
254	PM	Post Meridian / Prime Minister
255	POTA	Prevention of Terrorism Act
256	PSLV	Polar. Satellite Launch Vehicle
257	PTI	Press Trust of India
258	PRO	Public Relations Officer
259	PTO	Please Turn Over
260	PVC	Poly Vinyl Chloride / Paramvir Chakra
261	PVSM	ParamVishishtSeva Medal
262	PWD	Public Work’s Department
263	PWG	People’s War Group
264	QED	Quod Erat Demonstrandum (Which was to be proved)
265	QEF	Quod Erat Faciendum (Which was to be done)
266	QEI	Quod EratInveniendum (Which was to be found)
267	QMG	Quarter Master General
268	RADAR	Radio Angle Direction and Range
269	RAW	Research and Analysis Wing
270	R & D	Research and Development
271	RBI	Reserve Bank of India
272	RCC	Reinforced Cement Concrete
273	RDX	Research Developed Explosive
274	RIMC	Rashtriya Indian Military College
275	RMS	Railway Mail Service
276	RLEGP	Rural Landless Employment Guarantee Program
277	RNA	Ribonucleic Acid
278	RPM	Revolutions Per Minute
279	RSS	RashtriyaSwayamsevakSangh
280	RTO	Regional Transport Officer
281	SAARC	South Asian Association for Regional Cooperation
282	SAC	Space Application Centre
283	SAFTA	South Asian Free Trade Agreement
284	SAI	Sports Authority of India
285	SAIL	Steel Authority of India Limited
286	SAPTA	South Asian Preferential Trade Arrangement
287	SARS	Severe Acute Respiratory Syndrome
288	SC	Security Council/Supreme Court
289	SCI	Shipping Corporation of India
290	SCOPE	Standing Conference of Public Enterprises
291	SCRA	Special Class Railway Apprentice
292	SDR	Special Drawing Rights
293	SEBI	Security Exchange Board of India
294	SGPC	SiromaniGurudwaraPrabandhak Committee
295	SHAR	Shri Harikota Range
296	SIDBI	Small Industries Development Bank of India
297	SIS	Secret Intelligence Service (U.K)
298	SITA	Suppression of .Immoral Traffic in Women and Girls Act
299	SLV	Satellite Launch Vehicle
300	SPCA	Society for the Prevention of Cruelty of Animals
301	SPICMC	Society for the Promotion of Indian Classical music and culture
302	STARS	Satellite Tracking and Ranging Station
303	STD	Subscribers Trunk Dialing
304	STPI	Software Technology Parks of India
305	SWAPO	South West African People’s Organization
306	TA	Travelling Allowance / Territorial Army
307	TELCO	Tata Engineering and Locomotive Company
308	TELEX	Teleprinter Exchange
309	TISCO	Tata Iron and Steel Company Limited
310	TNT	Tri-nitro-toluene
311	TOEFL	Test of English as a Foreign Language
312	TRAI	Telecom Regulatory Authority of India
313	TRIPS	Trade Related Intellectual Property Rights
314	TTE	Travelling Ticket Examiner
315	TTFI	Table Tennis Federation of India
316	TWA	Trans World Airlines (USA)
317	UDC	Upper Division Clerk
318	UFO	Unidentified Flying Object
319	UGC	University Grants Commission
320	UHT	Ultra High Temperature
321	ULFA	United Liberation Front of Assam
322	UNASUR	Union of South American Nations
323	UNCTAD	United Nations Conference on Trade and Development
324	UNDP	United Nations Development Program
325	UNEF	United Nations Emergency Force
326	UNEP	United Nations Environment Program
327	UNESCO	United Nations Economic Social and Cultural Organization
328	UNFPA	United Nations for Population Activities
329	UNHCR	United Nations High Commission for Refugees
330	UNI	United News of India
331	UNICEF	United Nations International Children’s Emergency Fund
332	UNO	United Nations Organization.
333	UPS	Uninterrupted Power Supply
334	UPSC	Union Public Service Commission
335	USSR	Union of Soviet Socialist Republic
336	UTI	Unit Trust of India
337	VAT	Value Added Tax
338	VDIS	Voluntary Disclosure of Income Scheme
339	VC	Vice-Chancellor / Victoria Cross
340	VIP	Very Important Person
341	VPP	Value Payable Post
342	VRS	Voluntary Retirement Scheme
343	VSNL	Videsh Sanchar Nigam Limited
344	VSSC	Vikram Sarabhai Space Centre
345	WEF	World Economic Forum
346	WHO	World Health Organization
347	WILL	Wireless in Local Loop
348	WMO	World Meteorological Organization
349	WWF	World Wild Life Fund
350	WPI	Wholesale Price Index
351	WTO	World Trade Organization
352	WWF	World Wild Life Fund for Nature
353	WWW	World Wide Web
354	YMCA	Young Men’s Christians Association
355	YWCA	Young Women’s Christians Association
356	ZBB	Zero Based Budgeting
357	ZSI	Zoological Survey of India

list of banking abbreviations

• CBS – Core Banking Solution
• GIRO – Government Internal Revenue Order
• ITEs – Intra-Group Transactions and Exposures
• LAF – Liquidity Adjustment Facility
• LCR – Liquidity Coverage Ratio
• LIBOR – London Inter-Bank Offer Rate
• LRMT – Liquidity risk monitoring tools
• MIBOR – Mumbai Inter-Bank Offer Rate
• CRAR – Capital to Risk-weighted Assets Ratio
• DEAF – Depositor Education and Awareness Fund
• ECB – External Commercial Borrowings
• EEFC – Exchange Earner’s Foreign Currency
• FRBMA – Fiscal Responsibility and Budget Management Act
• FSLRC – Financial Sector Legislative Reforms Commission
• NSFR – Net Stable Funding Ratio
• SWIFT – Society for Worldwide Interbank Financial Telecommunication