Reserve Bank of India
- The reserve bank of India is a central bank and was established in April 1, 1935 in accordance with the provisions of reserve bank of India act 1934. The central ofﬁce of RBI is located at Mumbai.
- RBI is governed by a central board (headed by a governor) appointed by the central Government of India. RBI has 22 regional offices across India. The Central Government to represent four local bodies comprises the headquarters at Mumbai, Kolkata, Chennai and New Delhi.
- Functions of RBI as a central bank of India as follows:
Bank of Issue:-
The RBI is a regulator of monetary policy. Its main objective is maintaining price stability and ensuring adequate ﬂow of credit to productive sector.
Regulator-Supervisor of the ﬁnancial system:-
RBI prescribes broad parameters of banking operations within which the country’s banking and ﬁnancial system functions. Their main objective is to maintain public conﬁdence in the system, protect depositor’s interest and provide cost effective banking services to the public.
Manager of exchange control:-
The manager of exchange control department manages the foreign exchange, according to the foreign exchange management act, 1999. The manager’s main objective is to facilitate external trade and payment and promote orderly development and maintenance of foreign exchange market in India.
Issuer of currency:-
A person one who works as an issuer, issues and exchange or destroy the currency and coins that are not ﬁt for circulation. His main objective is to give the public adequate quantity of supplies of currency notes and coins and in good quality.
The RBI performs the wide range of promotional functions to support national objectives such as contests, coupons maintaining good public relations and many more.
There are also some of the related functions to the above mentioned main functions. They are such as banker to the government, banker to banks etc.
Banker to Government:-
Banker to government performs merchant banking function for the central and the State governments; also acts as their banker. Banker to banks maintains banking accounts to all scheduled banks.
Controller of Credit:-
RBI performs the following tasks:
a.) It holds the cash reserves of all the scheduled banks.
b.) It controls the credit operations of banks through quantitative and qualitative controls.
c.) It controls the banking system through the system of licensing, inspection and calling for information.
d.) It acts as the lender of the last resort by providing rediscount facilities to scheduled banks.
The Reserve Bank Act 1934 and the banking regulation act 1949 have given the RBI wide powers of supervision and control over commercial and co-operative banks, relating to licensing and establishments, branch expansion, liquidity of their assets, management and methods of working, amalgamation, reconstruction and liquidation.
The supervisory functions of the RBI have helped a great deal in improving 31 the standard of banking in India to develop on sound lines and to improve the methods of their operation.
Indian Scheduled Commercial Banks
The commercial banking structure in India consists of scheduled commercial banks, and unscheduled banks.
Scheduled Banks in India constitute those banks which have been included in the second schedule of RBI act 1934. For the purpose of assessment of performance of banks, the Reserve Bank of India categories those banks as public sector banks, old private sector banks, new private sector banks and foreign banks, i.e. private sector, public sector, and foreign banks come under the scheduled commercial banks.
“Unscheduled Bank in India” means a banking company as deﬁned in clause (c) of section 5 of the Banking Regulation Act, 1949 (10 of 1949), which is not a scheduled bank”.
Regional Rural Bank:-
The government of India set up Regional Rural Banks (RRBs) on October 2, I975. The banks provide credit to the weaker sections of the rural areas, particularly the small and marginal farmers, agricultural labourers, and small Entrepreneurs.
NABARD is an apex development bank with an authorization for facilitating credit ﬂow for promotion and development of agriculture, small-scale industries, cottage and village industries, handicrafts and other rural crafts.
NABARD is entrusted with:
1. Providing reﬁnance to lending institutions in rural areas
2. Bringing about or promoting institutions development and
3. Evaluating, monitoring and inspecting the client banks
Besides this fundamental role, NABARD also:
a.) Act as a coordinator in the operations of rural credit institutions
b.) To help sectors of the economy that they have special credit needs for e. g. Housing, small business and agricultural loans etc.
TYPES OF BANKS
Commercial banks, which dominate this industry, offer a full range of services for individuals, businesses, and Governments. These banks come in a wide range of sizes, from large global banks to regional and community banks.
Global banks are involved in international lending and foreign currency trading, in addition to the more typical banking services.
Regional banks have numerous branches and automated teller machine (ATM) locations throughout a multi-state area that provide banking services to individuals. Banks have become more oriented toward marketing and sales. As a result, employees need to know about all types of products and services offered by banks.
Community banks are based locally and offer more personal attention, which many individuals and small businesses prefer. In recent years, online banks—which provide all services entirely over the Internet— have entered the market, with some success.
However, many traditional banks have also expanded to offer online banking, and some formerly Internet- only banks are opting to open branches.
Savings banks and savings and loan associations, sometimes called thrift institutions, are the second largest group of depository institutions. They were ﬁrst established as community-based institutions to ﬁnance mortgages for people to buy homes and still cater mostly to the savings and lending needs of individuals.
Credit unions are another kind of depository institution. Most credit unions are formed by people with a common bond, such as those who Work for the same company or belong to the same labour union or church. Members pool their savings and, when they need money, they may borrow from the credit union, often at a lower interest rate than that demanded by other ﬁnancial institutions.
Federal Reserve banks are Government agencies that perform many ﬁnancial services for the Government. Their chief responsibilities are to regulate the banking industry and to help implement our Nation’s monetary policy so our economy can run more efficiently.
IMPORTANT BANKING TERMS
Repo rate is the rate at which our banks borrow rupees from RBI. Whenever the banks have any shortage of funds they can borrow it from RBI. A reduction in the repo rate will help banks to get money at a cheaper rate. When the repo rate increases, borrowing from RBI becomes more expensive.
Reverse Repo Rate:-
This is exact opposite of Repo rate. Reverse Repo rate is the rate at which Reserve Bank of India (RBI) borrows money from banks. RBI uses this tool when it feels there is too much money ﬂoating in the banking system. Banks are always happy to lend money to RBI since their money is in safe hands with a good interest. An increase in Reverse repo rate can cause the banks to transfer more funds to RBI due to these attractive interest rates.
Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with RBI. If RBI decides to increase the percent of this, the available amount with the banks comes down. RBI is using this method (increase of CRR rate), to drain out the excessive money from the banks.
SLR (Statutory Liquidity Ratio) is the amount a commercial bank needs to maintain in the form of cash, or gold or govt. Approved securities (Bonds) before providing credit to its customers.
SLR rate is determined and maintained by the RBI (Reserve Bank of India) in order to control the expansion of bank credit.
Bank rate, also referred to as the discount rate, is the rate of interest which a central bank charges on the loans and advances that it extends to commercial banks and other ﬁnancial intermediaries. Changes in the bank rate are often used by central banks to control the money supply.
Inﬂation is as an increase in the price of bunch of Goods and services that projects the Indian economy. An increase in inﬂation ﬁgures occurs when there is an increase in the average level of prices in Goods and services. Inﬂation happens when there are fewer Goods and more buyers; this will result in increase in the price of Goods, since there is more demand and less supply of the goods.
Deﬂation is the continuous decrease in prices of goods and services. Deﬂation occurs when the inﬂation rate becomes negative (below zero) and stays there for a longer period.
Stagﬂation is a state of economy in which economic activity is slowing down but Wages and prices continue to rise. The term is a blend of words stagnation and inﬂation.
A true economic recession can only be conﬁnned if GDP (Gross Domestic Product) growth is negative for a period of two or more consecutive quarters.
The Prime Interest Rate is the interest rate charged by banks to their most creditworthy customers (usually the most prominent and stable business customers). The rate is almost always the same amongst major banks. Adjustments to the prime rate are made by banks at the same time; although, the prime rate does not adjust on any regular basis. The Prime Rate is usually adjusted at the same time and in correlation to the adjustments of the Fed Funds Rate. The rates reported below are based upon the prime rates on the ﬁrst day of each respective month. Some banks use the name “Reference Rate” or “Base Lending Rate” to refer to their Prime Lending Rate.
Interest Rates paid by a depository institution on the cash on deposit.
FII (Foreign Institutional Investor) used to denote an investor, mostly in the form of an institution. An institution established outside India, which proposes to invest in Indian market, in other words buying Indian stocks. FII’s generally buy in large volumes which has an impact on the stock markets. Institutional Investors includes pension funds, mutual funds, Insurance Companies, Banks, etc.
FDI (Foreign Direct Investment) occurs with the purchase of the “physical assets or a signiﬁcant amount of ownership (stock) of a company in another country in order to gain a measure of management control” (Or) A foreign company having a stake in Indian Company.
IPO is Initial Public Offering. This is the ﬁrst offering of shares to the general public from a company wishes to list on the stock exchanges.
The Selling of the Government stake in public sector undertaking.
It is the difference between the Government’s total receipts (excluding borrowings) and total expenditure.
It deﬁnes that, where the net amount received (by taxes & other forms) fails to meet the predicted net amount to be received by the Government.
Gross National Product is measured as GDP plus income of residents from investments made abroad minus income earned by foreigners in domestic market.
National Income is the money value of all goods and services produced in a country during the year.
Per Capita Income:-
The national income of a country or region divided by its population. Per capita income is often used to measure a country‘s standard of living.
Vote on Account:-
A vote-on account is basically a statement, where the Government presents an estimate of a sum required to meet the expenditure that it incurs during the ﬁrst three to four months of an election ﬁnancial year until a new Government is in place, to keep the machinery running.
Difference between Vote on Account and Interim Budget:-
Vote-on-account deals only with the expenditure side of the government’s budget, an interim Budget is a complete set of accounts, including both expenditure and receipts.
The SDR (Special Drawing Rights) is an artiﬁcial currency created by the IMF in 1969. SDR’s are allocated to member countries and can be fully converted into international currencies so they serve as a supplement to the official foreign reserves of member countries. Its value is based on a basket of key International currencies (U.S. dollar, euro, yen and pound sterling).
SEZ means Special Economic Zone is the one of the part of government’s policies in India. A special Economic zone is a geographical region that economic laws which are more liberal than the usual economic laws in the country. The basic motto behind this is to increase foreign investment, development of infrastructure, job opportunities and increase the income level of the people
A Monetary policy is the process by which the government, central bank, of a country controls (i) the supply of money, (ii) availability of money and (iii) cost of money or rate of interest, in order to attain a set of objectives oriented towards the growth and stability of the economy.
Fiscal policy is the use of government spending and revenue collection to inﬂuence the economy. These policies affect tax rates, interest rates and Government spending, in an effort to control the economy. Fiscal policy is an additional method to determine public revenue and public expenditure.
Core Banking Solutions (CBS):-
Core banking is a general term used to describe the services provided by a group of networked bank branches. Bank customers may access their funds and other simple transactions from any of the member branch offices. It will cut down time, working simultaneously on different issues and increasing efficiency. The platform where communication technology and information technology are merged to suit core needs of banking is known as Core Banking Solutions.
Liquidity Adjustment Facility (LAF):-
A tool used in monetary policy that allows banks to borrow money through repurchase agreements. This arrangement allows banks to respond to liquidity pressures and is used by Governments to assure basic stability in the ﬁnancial markets.
The acronym ‘RTGS’ stands for Real Time Gross Settlement. RTGS system is a funds transfer mechanism where transfer of money takes place from one bank to another on a ‘real time’ and on ‘gross’ basis. This is the fastest possible money transfer system through the banking channel. Settlement in ‘real time‘ means payment transaction is not subjected to any waiting period. The transactions are settled as soon as they are processed. ‘Gross settlement’ means the transaction is settled on one to one basis without bunching with any other transaction.
It is the term used to describe the partnership or relationship between a bank and an insurance company whereby the insurance company uses the bank sales channel in order to sell insurance products.
Wholesale Price Index:-
The Wholesale Price Index (WPI) is the index used to measure the changes in the average price level of goods traded in wholesale market. A total of 435 commodity prices make up the index. It is available on a weekly basis. It is generally taken as an indicator of the inﬂation rate in the Indian economy. The Indian Wholesale Price Index (WPI) was ﬁrst published in 1902, and was used by policy makers until it was replaced by the Producer Price Index (PPI) in 1978.
Consumer price Index (CPI):-
It is a measure estimating the average price of consumer goods and services purchased by households.
Venture capital is money provided by an outside investor to ﬁnance a new, growing, or troubled business. The venture capitalist provides the funding knowing that there’s a signiﬁcant risk associated with the company’s future proﬁts and cash ﬂow. Capital is invested in exchange for an equity stake in the business rather than given as a loan, and the investor hopes the investment will yield a better-than-average return.
Treasury Bills (T-Bills) are short term, Rupee denominated obligations issued by the Reserve Bank of India (RBI) on behalf of the Government of India. They are thus useful in managing short-term liquidity. At present, The Government of India issues three types of treasury bills through auctions, namely, 91-day, 182-day and 364-day. There are no treasury bills issued by State Governments.
Foreign exchange reserves:-
Foreign exchange reserves (also called Forex resen/es) in a strict sense are only the foreign currency deposits and bonds held by central banks and monetary authorities. However, the term in popular usage commonly includes foreign exchange and gold and IMF reserve positions.
Open Market operations (OMO):-
Buying and selling of Government securities in the open market in order to expand or contract the amount of money in the banking system by RBI. Open market operations are the principal tools of monetary policy.
It is a term used to extend small loans to very poor people for self-employment projects that generate income, allowing them to care for themselves and their families.
Liquidity Adjustment Facility (LAP):-
A tool used in monetary policy that allows banks to borrow money through repurchase agreements. This arrangement allows banks to respond to liquidity pressures and is used by Governments to assure basic stability in the ﬁnancial markets.
E-Governance is the public sector’s use of information and communication technologies with the aim of improving information and service delivery, encouraging citizen participation in the decision-making process and making government more accountable, transparent and effective.
Credit Rating Agencies in India:-
The credit rating agencies in India mainly include ICRA and CRISIL. ICRA Was formerly referred to the Investment Information and Credit Rating Agency of India Limited. Their main function is to grade the different sector and companies in terms of performance and offer solutions for up gradation. The credit rating agencies in India mainly include ICRA and CRJSIL (Credit Rating Information Services of India Limited)
Cheque is a negotiable instrument instnicting a Bank to pay a speciﬁc amount from a specified account held in the maker/depositor’s name with that Bank. A bill of exchange had drawn a speciﬁed banker and payable on demand. “A written order directs a bank to pay money”.
A demand draft is an instrument used for effecting transfer of money. It is a Negotiable Instrument. Cheque and Demand-Draft both are used for Transfer of money. You can 100% trust a DD. It is a banker‘s check. A check may be dishonored for lack of funds a DD cannot. Cheque is written by an individual and Demand draft is issued by a bank. People believe banks more than individuals.
Securities and exchange Broad of India (SEBI) is the regulator for the Securities Market in India. Originally set up by the Government of India in 1988, it acquired statutory form in 1992 with SEBI Act 1992 being passed by the Indian Parliament.
Mutual funds are investment companies that pool money from investors at large and offer to sell and buy back its shares on a continuous basis and use the capital thus raised to invest in securities of different companies. The mutual fund will have a fund manager that trades the pooled money on a regular basis. The net proceeds or losses are then typically distributed to the investors annually.
Asset Management Companies:-
A company that invests its clients‘ pooled fund into securities that match its declared ﬁnancial objectives. Asset management companies provide investors with more diversiﬁcation and investing options than they would have by themselves. Mutual funds, hedge funds and pension plans are all run by asset management companies. These companies earn income by charging service fees to their clients.
Non-performing assets (NPA):-
Non-performing assets, also called non-performing loans, are loans, made by a bank or ﬁnance company, on which repayments or interest payments are not being made on time. A debt obligation where the borrower has not paid any previously agreed upon interest and principal repayments to the designated lender for an extended period of time. The nonperforming asset is therefore not yielding any income to the lender in the form of principal and interest payments.
A true economic recession can only be conﬁrmed if GDP (Gross Domestic Product) growth is negative for a period of two or more consecutive quarters.
|1.||AGM||Annual General Meeting|
|2.||AIRCSC||All India Rural Credit Survey Committee|
|5.||AFS||Available For Sale|
|6.||ASSOCHAM||Associated Chambers of Commerce and Industry of India|
|7.||ATM||Automated Teller Machine|
|8.||ARIMA||Auto-Regressive Integrated Moving Average|
|9.||ATM||Asynchronous Transfer Mode|
|10.||BIS||Bank for International Settlements|
|11.||BOI||Bank of India|
|12.||BoP||Balance of Payments|
|13.||BPM5||Balance of Payments Manual, 5th edition BPSD|
|14.||BPSD||Balance of Payments Division, DESACS, RBI|
|15.||BSE||Bombay Stock Exchange BSR|
|16.||BCBS||Basel Committee on Banking Supervision|
|17.||BSR||Basic Statistical Returns|
|18.||CAD||Capital Account Deﬁcit|
|19.||CAG||Controller and Auditor General of India|
|20.||CBS||Consolidated Banking Statistics|
|23.||CD Ratio||Credit Deposit Ratio|
|24.||CDBS||Committee of Direction on Banking Statistics|
|25.||CF||Certiﬁcate of Deposit|
|26.||CFRA||Combined Finance and Revenue Accounts|
|27.||CGRA||Currency and Gold Revaluation Account|
|28.||CII||Confederation of Indian Industries|
|31.||CPI||Consumer Price Index|
|32.||CPI-IW||Consumer Price Index for Industrial Workers|
|34.||CRAR||Capital to Risk Weighted Asset Ratio|
|35.||CRR||Cash Reserve Ratio|
|36.||CSO||Central Statistical Organisation|
|37.||CSIR||Council of Scientiﬁc and Industrial Research|
|38.||CVC||Central Vigilance Commission|
|39.||DAP||Development Action Plan|
|40.||DBOD||Department of Banking Operations and Development|
|41.||DBS||Department of Banking Supervision, RBI|
|42.||DCB||Department of Company Affairs, (Now known as Ministry of Companies Affairs, MCA)|
|43.||DCCB||District Central Cooperative Bank|
|44.||DCM||Department of Currency Management, RBI|
|46.||DDS||Data Dissemination Standards|
|47.||DEIO||Department of Extemal Investments and Operations|
|48.||DESACS||Department of Statistical Analysis & Computer Services|
|49.||DGBA||Department of Government and Bank Accounts, RBI|
|52.||DICGC||Deposit Insurance and Credit Guarantee Corporation of India|
|53.||DID||Discharge of Internal Debt|
|54.||DMA||Departmentalized Ministries Account|
|55.||DRI||Differential Rate of Interest Scheme|
|56.||DSBB||Dissemination Standards Bulletin Board|
|57.||DVP||Delivery versus Payment|
|58.||ECB||External Commercial Borrowing|
|59.||ECB||European Central Bank|
|60.||ECGC||Export Credit and Guarantee Corporation|
|61.||ECS||Electronic Clearing Scheme|
|62.||EDMU||External Debt Management Unit|
|63.||EEA||Exchange Equalization Account|
|64.||EEC||European Economic Community|
|65.||EEFC||Exchange Earners Foreign Currency|
|66.||EFR||Exchange Fluctuation Reserve|
|67.||EPF||Employees Provident Fund |
|69.||EXIM||Export Import Bank of India|
|70.||FCA||Foreign Currency Assets|
|71.||FCCB||Foreign Currency Convertible Bond|
|72.||FCNR(B)||Foreign Currency Non-resident (Banks)|
|73.||FCNRA||Foreign Currency Non-resident Account|
|74.||FCNRD||Foreign Currency Non-Repatriable Deposit|
|75.||FDI||Foreign Direct Investment|
Foreign Exchange Management Act
Federation of Indian Chambers of Commerce and Industry
Foreign Institutional Investor
|80.||FIMMDA||Fixed Income Money Market and Derivatives Association of India|
|81.||FISIM||Financial Intermediation Services Indirectly Measured|
|82.||FLAS||Foreign Liabilities and Assets Survey|
|83.||FOF||Flow Of Funds|
|84.||FPI||Foreign Portfolio Investment|
|85.||FRA||Forward Rate Agreement|
|86.||FRBM||Fiscal Responsibility and Budget Management Act, 2003|
|87.||FRN||Floating Rate Note|
|88.||FSS||Farmers’ Service Societies|
|89.||FWG||First Working Group on Money supply|
|90.||GDP||Gross Domestic Product|
|91.||GDR||Global Depository Receipt|
|92.||GFD||Gross Fiscal Deﬁcit|
|93.||GFS||Government Finance Statistics|
|94.||GIC||General Insurance Corporation|
|95.||GLS||Generalized Least Squares|
|96.||GNIE||Government Not Included Elsewhere|
|97.||Gol||Government of India|
|98.||GPD||Gross Primary Deﬁcit|
|100.||HDFC||Housing Development Finance Corporation|
|101.||HFT||Held For Trading|
|102.||HICP||Harmonised Index of Consumer Prices|
|104.||HUDCO||Housing & Urban Development Corporation|
|105.||IBRD||International Bank for Reconstruction and Development|
|106.||IBS||International Banking Statistics|
|107.||ICAR||Indian Council of Agricultural Research|
|108.||ICICI||Industrial Credit and Investment Corporation of India|
|109.||ICMR||Indian Council of Medical Research|
Industrial Development Bank of India
|112.||IDD||Industrial Development Department|
|113.||IFAD||International Fund for Agricultural Development|
|114.||IFC||International Finance Corporation|
|115.||IFC(W)||International Finance Corporation (Washington)|
|116.||IFCI||Industrial Finance Corporation of India|
|117.||IFR||Investment Fluctuation Reserve Account|
|118.||IFS||International Financial Statistics|
|119.||IGLS||Iterative Generalized Least Squares|
|120.||IIBI||Industrial Investment Bank of India|
|121.||IIP||Index of Industrial Production|
|122.||IIP/InIP||International Investment Position|
|123.||IMD||India Millennium Deposits|
|124.||IMF||International Monetary Fund|
|Input-Output Transaction Table|
|128.||IRBI||Industrial Reconstruction Bank of India|
|129.||ISDA||International Swaps and Derivative Association|
|130.||ISIC||International Standard Industrial Classiﬁcation|
|131.||ISO||International Standards Organization|
|132.||ITRS||International Transaction Reporting System|
|133.||IWGEDS||International Working Group on External Debt Statistics|
|134.||KVIC||Khadi& Village Industries Corporation|
|135.||LAF||Liquidity Adjustment Facility|
|136.||LAMPS||Large -sized Adivasi Multipurpose Societies|
|137.||LAS ||Loan & Advances by States|
Land Development Bank
|139.||LBS||Locational Banking Statistics|
|Liberalised Exchange Rate Management System|
|141.||LIC||Life Insurance Corporation of India|
|144.||LTO||Long Term Operation|
|148.||MCA||Ministry of Company Affairs|
|149.||MIGA||Multilateral Investment Guarantee Agency|
|150.||MIS||Management Information System|
|151.||MMSE||Minimum Mean Squared Errors|
|152.||MoF||Ministry of Finance|
|153.||MOF||Master Ofﬁce File|
|154.||MRM||Monitoring and Review Mechanism|
|155.||MSS||Market Stabilisation Scheme|
|158.||NABARD||National Bank for Agriculture and Rural Development|
|159.||NAC(LTO)||National Agricultural Credit (Long Term Operation)|
|160.||NAIO||Non Administratively Independent Ofﬁce|
|161.||NAS||National Account Statistics|
|162.||NASSCOM||National Association of Software and Services Companies|
|164.||NBFC||Non Banking Financial Companies|
|165.||NEC||Not Elsewhere Classiﬁed|
|166.||NEER||Nominal Effective Exchange Rate|
|167.||NFA||Non-Foreign Exchange Assets|
|168.||NFD||Net Fiscal Deﬁcit|
|170.||NHB||National Housing Bank|
|171.||NIC||National Industrial Classiﬁcation|
|172.||NIF||Note Issuance Facility|
|173.||NNML||Net Non-Monetary Liabilities|
|175.||NPD||Net Primary Deﬁcit|
|176.||NPRB||Net Primary Revenue Balance|
|178.||NPV||Net Present Value|
|179.||NRGDRA||Non-Resident(Extemal) Rupee Account|
|180.||NROURA||Non-Resident (Non-Repatriable) Rupee Account|
|184.||NSC||National Statistical Commission|
|185.||NSSF||National Small Savings Fund|
|187.||ODA||Ofﬁcial Development Assistance|
|188.||OECD||Organisation for Economic Cooperation and Development|
|189.||OECO||Organisation for Economic Co-operation|
|190.||OFI||Other Financial Institutions|
|191.||OLTAS||OnLine Tax Accounting System|
|192.||OMO||Open Market Operations|
|193.||OSCB||Other Indian Scheduled Commercial Bank|
|194.||PACF||Partial Auto-Correlation Function|
|195.||PACS||Primary Agriculture Credit Societies|
|196.||PCARDB||Primary Cooperative Agriculture and Rural Development Bank|
|198.||PDAI||Primary Dealers Association of India|
|199.||PDO||Public Debt Office|
|200.||PDO-NDS||Public Debt Ofﬁce-cum-Negotiated Dealing System|
|202.||PES||Public Enterprises Survey|
|204.||PIO||Persons of Indian Origin|
|205.||PNB||Punjab National bank|
|207.||PRB||Primary Revenue Balance|
|208.||PSE||Public Sector Enterprises|
|209.||PUC||Paid Up Capital|
|210.||QRR||Quick Review Report|
|211.||RBI||Reserve Bank of India|
|213.||RDBMS||Relational Database Management System|
|215.||REC||Rural Electriﬁcation Corporation|
|216.||REER||Real Effective Exchange Rate|
|217.||RFC||Residents Foreign Currency|
|218.||RIB||Resurgent India Bonds|
|219.||RIDF||Rural Infrastructure Development Fund|
|220.||RLA||Recoveries of Loans & Advances|
|221.||RLC||Repayment of Loans to Centre|
|223.||RNBC||Residuary Non-Banking Companies|
|225.||RoCs||Registrars of Companies|
|226.||RPA||Rupee Payment Area|
|227||RPCD||Rural Planning and Credit Department, RBI|
|229.||RRB||Regional Rural Bank|
|230.||RTP||Reserve Tranche Position|
|231.||RUF||Revolving Underwriting Facility|
|232.||RWA||Risk Weighted Asset|
|233.||SAM||Social Accounting Matrix|
|234.||SAS||Statistical Analysis System|
|235.||SBI||State Bank of India|
|236.||SCARDB||State Cooperative Agriculture and Rural Development Bank|
|237.||SCB||State Cooperative Bank|
|238.||SCB||Scheduled Commercial Bank|
|239.||SCS||Size Class Strata|
|240.||SDDS||Special Data Dissemination Standards|
|241.||SDR||Special Drawing Right|
|Securities and Exchange Board of India|
|243.||SEBs||State Electricity Boards|
|244.||SFC||State Financial Corporation|
|245.||SGL||Subsidiary General Ledger|
|246.||SGSY||Swarnajayanthi Gram Swarrojgar Yojana|
|248.||SIDBI||Small Industries Development Bank of India|
|249.||SIDC||State Industrial Development Corporation|
|250.||SI-SPA||Systems Improvement Scheme under Special Project Agriculture|
|251.||SJ SRY||Swama Jayanti Shahari Rojgar Yojana|
|252.||SLR||Statutory Liquidity Ratio|
|253.||SLRS||Scheme for Liberation & Rehabilitation of Scavangers|
|254.||SMG||Standing Monitoring Group|
|255.||SNA||System of National Accounts|
|256.||SRWTO||Small Road & Water Transport Operators|
|258.||SSSBEs||Small Scale Service & Business Enterprises|
|259.||SWG||Second Working Group on Money Supply|
|263.||UBB||Uniform Balance Book|
|264.||UBD||Urban Banks Department|
|265.||UCB||Urban Cooperative Bank|
|266.||UCN||Uniform Code Number|
|269.||UTI||Unit Trust of India|
|271.||WGMS||Working Group on Money Supply: Analytics and Methodology of Compilation|
|272.||WPI||Wholesale Price Index|
|273.||WSS||Weekly Statistical Supplement|
|274.||YTM||Yield to Maturity|