Professional Documents
Culture Documents
XV
CPI – Consumer Price Index EMEAP – Executives’ Meeting of East
Asia Pacific Central Banks
CPI-IW – Consumer Price Index for
(Industrial Workers) EMEs – Emerging Market Economies
CPSS – Committee on Payment and EMU – European Monetary Union
Settlement Systems
ET – Exchange Traded
CPSUs – Central Public Sector
FAST – Fully Automated System for
Undertakings
Issuing /Tendering
CRAR – Capital to Risk-Weighted
FCA – Foreign Cureency Assets
Assets Ratio
FCAC – Fuller Capital Account
CRR – Cash Reserve Ratio
Convertibility
CRT – Credit Risk Transfer
FCCBs – Foreign Currency Convertible
CDSL – Central Depository Services Bonds
(India) Limited
FCNR (A) – Foreign Currency Non-Resident
CSGL – Constituents’ Subsidiary (Accounts)
General Ledger
FCNR (B) – Foreign Currency Non-Resident
CSO – Central Statistical Organisation (Banks)
CSRC – Chinese Securities Regulatory FDI – Foreign Direct Investment
Commission
FEDAI – Foreign Exchange Dealers’
CV – Coefficient of Variation Association of India
DAD – Deposit Accounts Department FEMA – Foreign Exchange
DCCB – District Central Cooperative Management Act
Bank FERA – Foreign Exchange Regulations
DFHI – Discount and Finance House of Act
India FESFBs – Foreign Exchange Stabilisation
DFI – Development Finance Institution Fund Bonds
XVI
FRBs – Floating Rate Bonds IMD – India Meteorological Department
FRL – Full Reservoir Level IMDs – India Millennium Deposits
FRLs – Fiscal Responsibility IMF – International Monetary Fund
Legislations
INFINET – Indian Financial Network
GATS – General Agreement on Trade INR – Indian Rupees
and Services
IOC – Indian Oil Corporation
GCC – General Credit Card
IOMA – International Options Markets
GDCF – Gross Domestic Capital Association
Formation
IOSCO – International Organisation of
GDP – Gross Domestic Product Securities Commissions
GDR – Global Depository Receipt IPAs – Issuing and Paying Agents
GDS – Gross Domestic Saving IPF – Investor Protection Fund
GEMM – Gilt-Edged Market Makers IPO – Initial Public Offer
GFD – Gross Fiscal Deficit IRDA – Insurance Regulatory and
HFT – Held for Trading Development Authority of
India
HPEC – High Powered Expert
Committee IRFs – Interest Rate Futures
XVII
LOOP – Law of One Price NASSD – National Association of
Software and Services
LPA – Long Period Average
Department
LPG – Liquefied Petroleum Gas
NBC – Net Bank Credit
LTCCS – Long Term Cooperative Credit
NBFCs – Non-Banking Financial
Structure
Companies
LTO – Long-Term Operations
NCAER – National Council for Applied
M3 – Broad Money Economic Research
MAS – Monetary Authority of NCCF – National Calamity Contingency
Singapore Fund
MBS – Mortgage Backed Securities NCDs – Negotiable Certificates of
Deposits
MCAP – Market Capitalisation
NDA – Net Domestic Assets
MCI – Monetary Conditions Index
NDF – Non Deliverable Forward
MFI – Micro Finance Institution
NDS – Negotiated Dealing System
MGSs – Malaysian Government
Securities NDS-OM – Negotiated Dealing System-
Order Matching
MIBOR – Mumbai Inter-Bank Offered Rate
NDTL – Net Demand and Time
MIFOR – Mumbai Inter-bank Forward Liabilities
Offered Rate
NEAT – National Exchange for
MME – Mature Market Economies Automated Trading
MMIs – Money Market Instruments NEER – Nominal Effective Exchange
MMMFs – Money Market Mutual Funds Rate
XVIII
NSSO – National Sample Survey RD – Revenue Deficit
Organisation
REER – Real Effective Exchange Rate
NTR – Non-tax Revenues
RIBs – Resurgent India Bonds
OD – Overdrafts
RIDF – Rural Infrastructure
ODA – Official Development Development Fund
Assistance
RIP – Real Interest Parity
OECD – Organisation for Economic
RITS – Reserve Bank Information and
Cooperation and Development
Transfer Systems
OIS – Overnight Index Swap
RMDS – Reuters Markets Data System
OLS – Ordinary Least Square
RNBCs – Residuary Non-Banking
OMOs – Open Market Operations Companies
OPEC – Organisation of the Petroleum RRBs – Regional Rural Banks
Exporting Countries
RTGS – Real Time Gross Settlement
OTC – Over-the-Counter
RTP – Reserve Tranche Position
OTCEI – Over-the-Counter Exchange of
SAARC – South Asian Association for
India
Regional Cooperation
OWS – Other Welfare Schemes
SACP – Special Agricultural Credit Plan
P&L – Profit & Loss
SARFAESI – Securitisation and Reconstruction
PACS – Primary Agricultural Credit of Financial Assets and
Society Enforcement of Security Interest
PCARDB – Primary Cooperative and SC(R)A – Securities Contract (Regulations)
Agriculture Rural Development Act, 1956
Bank
SCARDB – State Co-operative Agricultural
PCs – Participation Certificates and Rural Development Bank
PD – Primary Deficit SCB – State Co-operative Bank
PDAI – Primary Dealers’ Association of SCBs – Scheduled Commercial Banks
India
SDDS – Special Data Dissemination
PDO – Public Debt Office Standards
PDs – Primary Dealers SDLs – State Development Loans
PIO – Persons of Indian Origin SDs – Satellite Dealers
PLF – Plant Load Factor SEACEN – South East Asian Central Banks
PLR – Prime Lending Rate SEANZA – South East Asia, New Zealand
PPP – Purchasing Power Parity and Australia
PSCFC – Post Shipment Credit SEBI – Securities and Exchange Board
denominated in Foreign Currency of India
PSU – Public Sector Undertaking SFC – State Financial Corporation
PTC – Pass-Through Certificate SGF – Settlement Guarantee Fund
XIX
SGL – Subsidiary General Ledger TOR – Turnover Ratio
SHCIL – Stock Holding Corporation of TPDS – Targeted Public Distribution
India Limited System
SHG – Self Help Group TRS – Total Return Swap
SIDBI – Small Industries Development UCBs – Urban Co-operative Banks
Bank of India UIP – Uncovered Interest Parity
SLR – Statutory Liquidity Ratio UK – United Kingdom
SME – Small and Medium US – United States
Enterprises
USAID – United States Agency for
SPV – Special Purpose Vehicle International Development
SR – Security Receipt UTI – Unit Trust of India
SROs – Self Regulatory Organisations VAR – Vector Auto Regression
SRS – System Requirement Study VaR – Value at Risk
SSI – Small Scale Industries VCF – Venture Capital Fund
STCCS – Short-Term Co-operative VSAT – Very Small Aperture Terminal
Credit Structure VTR – Value Traded Ratio
STCI – Securities Trading Corporation WADR – Weighted Average Discount
of India Rate
STP – Straight Through Processing WDM – Wholesale Debt Market
STRIPS – Separate Trading of Registered WI – When Issued
Interest and Pr incipal of
Securities WMA – Ways and Means Advances
WOS – Wholly Owned Subsidiaries
STT – Securities Transactions Tax
WPI – Wholesale Price Index
TAC – Technical Advisory Committee
WSS – Weekly Statistical Supplement
TDS – Tax Deducted at Source
WTO – World Trade Organisation
TFC – Twelfth Finance Commission
YTM – Yield to Maturity
TIPS – Treasury Inflation Protected
Securities ZCBs – Zero Coupon Bonds
XX