LIST OF ABBREVIATIONS
           AAIFR            -   Appellate Authority for Industrial and      BFSI             -   Banking, Financial Services and
                                Financial Reconstruction                                         Insurance
           ACE              -   Asset Care Enterprise Ltd.                  BIFR             -   Board for Industrial and Financial
           ACH              -   Automated Clearing Houses                                        Reconstruction
           ACU              -   Asian Clearing Union                        BIMST-EC         -   Bangladesh, India, Myanmar,
                                                                                                 Sri Lanka, Thailand Economic
           AD               -   Authorised Dealer                                                Cooperation
           ADB              -   Asian Development Bank                      BIMSTEC          -   Bay of Bengal Initiative for Multi-
           ADR              -   American Depository Receipt                                      Sectoral Technical and Economic
                                                                                                 Cooperation
           AFS              -   Available for Sale                          BIS              -   Bank for International Settlements
           AFTA             -   ASEAN Free Trade Area                       BoP              -   Balance of Payments
           AIBP             -   Accelerated Irrigation Benefit              BPL              -   Below Poverty Line
                                Programme
           AICL             -   Agricultural Insurance Company of           BPLR             -   Benchmark Prime Lending Rate
                                India Ltd.                                  BPO              -   Business Process Outsourcing
           AIFI             -   All India Financial Institutions            BPSS             -   Board for Payment and Settlement
           ALD              -   Aggregate Liabilities to the Depositors                          Systems
           ALM              -   Asset Liability Management                  BRBNMPL          -   Bharatiya Reserve Bank Note Mudran
                                                                                                 Private Limited
           AMFI             -   Association of Mutual Funds in India        BSE              -   The Stock Exchange, Mumbai
           AML              -   Anti Money Laundering                       BSR              -   Basic Statistical Returns
           AMS              -   Aggregate Measures of Support               BTC              -   Bankers Training College
           AoA              -   Agreement on Agriculture                    CA               -   Certification Authority
           APDRP            -   Accelerated Power Development and           CAB              -   College of Agricultural Banking
                                Reform Programme
           APL              -   Above Poverty Line                          CAC              -   Collective Action Clause
           APM              -   Administered Price Mechanism                CAG              -   Comptroller and Auditor General
           ARC              -   Asset Reconstruction Company                CBI              -   Central Bureau of Investigation
           ARCIL            -   Asset Reconstruction Company of             CBDT             -   Central Board of Direct Taxes
                                India Ltd.                                  CBLO             -   Collateralised Borrowing and Lending
           ARDC             -   Agriculture Refinance and                                        Obligation
                                Development Corporation                     CBoT             -   Chicago Board of Trade
           AS               -   Accounting Standard                         CBSL             -   Central Bank of Sri Lanka
           ASCI             -   Administrative Staff College of India       CBS              -   Consolidated Banking Statistics
           ASEAN            -   Association of South East Asian             CCA              -   Controller of Certifying Authorities
                                Nations
           ATC              -   Agreement on Textile and Clothing           CCIL             -   Clearing Corporation of India Limited
           ATM              -   Automated Teller Machine                    CCP              -   Central Counter Party
           BCBS             -   Basel Committee on Banking                  CD               -   Certificate of Deposit
                                Supervision                                 CDBMS            -   Central Database Management
           BCP              -   Business Continuity Plan                                         System
           BFS              -   Board for Financial Supervision             CDR              -   Corporate Debt Restructuring
                                                                        xv
                                                      LIST OF ABBREVIATIONS
           CD-ROM           -  Compact Disk Read Only Memory               CSIR            -   Council of Scientific and Industrial
           CEA              -  Central Electricity Authority                                   Research
           CECA             -  Comprehensive Economic                      CSO             -   Central Statistical Organisation
                               Cooperation Agreement                       CSP             -   Central Sector Project
           CENVAT           -  Central Value Added Tax                     CVPS            -   Currency Verification and Processing
           CEO              -  Chief Executive Officer                                         System
           CEPA             -  Comprehensive Economic Partnership          DAD             -   Deposit Accounts Department
                               Agreement                                   DAPM            -   Department of Administration and
           CEPR             -  Centre for Economic Policy Research                             Personnel Management
           CEPT             -  Common External Preferential Tariff         DBOD            -   Department of Banking Operations
                                                                                               and Development
           CFMS             -  Centralised Funds Management                DBS             -   Department of Banking Supervision
                               System
           CFS              -  Consolidated Financial Statement            DC-DB           -   Defined Contribution- Defined Benefit
           CFTS             -  Centralised Funds Transfer System           DCA             -   Debtor-Creditor Agreement
           CGRA             -  Currency and Gold Revaluation               DCCB            -   District Central Co-operative Bank
                               Account                                     DCM             -   Department of Currency Management
           CGTSI            -  Credit Guarantee Fund Trust for Small       DEAP            -   Department of Economic Analysis and
                               Industries                                                      Policy
           CIB              -  Capital Indexed Bond                        DEBC            -   Department of Expenditure and
           CIBIL            -  Credit Information Bureau of India                              Budgetary Control
                               Limited                                     DEIO             -  Department of External Investments
           CIS              -  Commonwealth of Independent States                              and Operations
           CLA              -  Central Listing Authority                   DESACS          -   Department of Statistical Analysis and
                                                                                               Computer Services
           CLF              -  Collateralised Lending Facility             DFHI             -  Discount and Finance House of India
           COD              -  Central Office Department                   DFI             -   Development Finance Institution
           CoR              -  Certificate of Registration                 DFID             -  Department For International
           CPIS             -  Coordinated Portfolio Investment                                Development
                               Survey                                      DFRC            -   Duty Free Replenishment Certificate
           CPI              -  Consumer Price Index                        DGBA            -   Department of Government and Bank
           CPI-IW           -  Consumer Price Index for Industrial                             Accounts
                               Workers                                     DGCI&S          -   Directorate General of Commercial
           CPR              -  Consolidated Prudential Report                                  Intelligence and Statistics
           CP               -  Commercial Paper                            DICGC           -   Deposit Insurance and Credit
           CPSS             -  Committee on Payment and                                        Guarantee Corporation
                               Settlement Systems                          DIT             -   Department of Information Technology
           CPSU             -  Central Power Sector Utility                DNBS            -   Department of Non-Banking
           CRAR             -  Capital to Risk Weighted Assets Ratio                           Supervision
           CRM              -  Country Risk Management                     DNSS            -   Deferred Net Settlement System
           CRR              -  Cash Reserve Ratio                          DP              -   Depository Participant
           CSGL             -  Constituents' Subsidiary General            DRDA            -   District Rural Development Agency
                               Ledger Account                              DRG              -  Development Research Group
                                                                      xvi
                                                          LIST OF ABBREVIATIONS
            DRI               -   Differential Rate of Interest                 FCNRA              -  Foreign Currency Non-Resident
            DRS               -   Disaster Recovery System                                            Account
            DSS               -   Debt Swap Scheme                              FCNR(B)            -  Foreign Currency Non-Resident
                                                                                                      (Banks)
            DRT               -   Debt Recovery Tribunal                        FCRA               -  Forward Contract Regulation Act
            DTA               -   Domestic Tariff Area                          FCCB               -  Foreign Currency Convertible Bond
            DTL               -   Demand and Time Liabilities                   FDI                -  Foreign Direct investment
            DvP               -   Delivery versus Payment                       FEDAI              -  Foreign Exchange Dealers’
            DWCRA             -   Development of Women and Children                                   Association of India
                                  in Rural Areas                                FED                -  Foreign Exchange Department
            EC                -   Exchange Control                              FEMA               -  Foreign Exchange Management Act
            ECB               -   External Commercial Borrowing                 FER                -  Foreign Exchange Reserves
            ECD               -   Exchange Control Department                   FET-ERS            -  Foreign Exchange Transactions -
            ECGC              -   Export Credit Guarantee Corporation                                 Electronic Reporting System
            ECN               -   Electronic Communication Network              FI                 -  Financial Institution
            ECR               -   Export Credit Refinance                       FII                -  Foreign Institutional Investor
            ECS               -   Electronic Clearing Services                  FIIS               -  Farm Insurance Income Scheme
            EDI               -   Electronic Data Interchange                   FIMMDA             -  Fixed Income Money Market and
            EDIFAR            -   Electronic Data Information Filing and                              Derivatives Association of India
                                  Retrieval                                     FMCG               -  Fast Moving Consumer Goods
            EEA               -   Exchange Equalisation Account                 FRA                -  Forward Rate Agreement
            EEFC              -   Exchange Earners' Foreign Currency            FRB                -  Floating Rate Bond
                                  Account                                       FRBM               -  Fiscal Responsibility and Budget
            EFC               -   Eleventh Finance Commission                                         Management
            EFT               -   Electronic Funds Transfer                     FRL                -  Full Reservoir Level
            EKMS              -   Enterprise Knowledge Management               FSSA               -  Financial System Stability
                                  System                                                              Assessments
            EME               -   Emerging Market Economy                       FTP                -  Financial Transaction Plan
            EMM               -   Enterprise Maturity Model                     FTT                -  Foreign Travel Tax
            EMU               -   European Monetary Union                       G-20               -  Group of Twenty
            EOU               -   Export Oriented Unit                          GAAP               -  Generally Accepted Accounting
            EPCG              -   Export Promotion Capital Goods                                      Principles
            ESCAP             -   Economic and Social Commission for            GATS               -  General Agreement on Trade in
                                  Asia and the Pacific                                                Services
            ESOP              -   Employees Stock Option Plan                   GATT               -  General Agreement on Tariffs  and
                                                                                                      Trade
            EU                -   European Union                                GB                 -  Giga-bytes
            EXIM              -   Export Import                                 GCF                -  Gross Capital Formation
            FAQ               -   Frequently Asked Question                     GDCF               -  Gross Domestic Capital Formation
            FCA               -   Foreign Currency Assets                       GDP                -  Gross Domestic Product
            FCI               -   Food Corporation of India                     GDS                -  Gross Domestic Saving
                                                                           xvii
                                                    LIST OF ABBREVIATIONS
           GDR             -  Global Depository Receipt                IDFC             -  Infrastructure Development Finance
           GFCF            -  Gross Fixed Capital Formation                                Company
           GFD             -  Gross Fiscal Deficit                     IDL              -  Intra-day Liquidity
           GIC             -  General Insurance Corporation of         IDMD             -  Internal Debt Management
                              India                                                        Department
           GoI             -  Government of India                      IDR              -  Indian Depository Receipt
           GRF             -  Guarantee Redemption Fund                IDRBT            -  Institute for Development and
                                                                                           Research in Banking Technology
           GSO             -  Green Shoe Option                        IEA              -  International Energy Agency
           GST             -  Goods and Services Tax                   IECD             -  Industrial and Export Credit
           GTB             -  Global Trust Bank                                            Department
           HACCP           -  Hazard Analysis and Critical Control     IEM              -  Industrial Entrepreneurs Memoranda
                              Points                                   IFC              -  International Finance Corporation
           HFC             -  Housing Finance Company                  IFCI             -  Industrial Finance Corporation of India
           HFT             -  Held for Trading                         IFI              -  International Financial Institution
           HLCCFCM         -  High Level Co-ordination Committee       IFR              -  Investment Fluctuation Reserve
                              on  Financial and Capital Market
           HR              -  Human Resources                          IIBI             -  Industrial Investment Bank of India
           HRDD            -  Human Resources Development              IIP              -  Index of Industrial Production
                              Department                               IIP              -  International Investment Position
           HTM             -  Held to Maturity                         IIT              -  Indian Institute of Technology
           HUDCO           -  Housing and Urban Development            IMD              -  India Meteorological Department
                              Corporation                              IMF              -  International Monetary Fund
           IAS             -  Integrated Accounting System             IMFC             -  International Monetary and Financial
           IASC            -  Inspection and Audit Sub-Committee                           Committee
           IATT            -  Inland Air Travel Tax                    INFINET          -  Indian Financial Network
           IBA             -  Indian Banks’ Association                IOSCO            -  International Organisation of
           IBS             -  International Banking Statistics                             Securities Commissions
           ICA             -  Inter-creditor Agreement                 IPO              -  Initial Public Offering
           ICAI            -  Institute of Chartered Accountants of    IRB              -  Internal Rating Based
                              India                                    IRDA             -  Insurance Regulatory and
           ICC             -  International Credit Card                                    Development Authority
           ICCOMS          -  Integrated Computerised Currency         IRF              -  Interest Rate Future
                              Operation and Management System          IRS              -  Interest Rate Swap
           ICDs            -  Inter-corporate Deposits                 ISA              -  Information System Audits
           ICG             -  Interactive Co-ordination Group          ISP              -  Information Security Policy
           ICOR            -  Incremental Capital Output Ratio         ISN              -  International System of Nomenclature
           ID              -  Inspection Department                    IT               -  Information Technology
           IDC             -  International Data Corporation           ITES-BPO         -  Information Technology Enabled
           IDBI            -  Industrial Development Bank of India                         Services and Business Process
                                                                                           Outsourcing
                                                                   xviii