Why did bank issuing ADRs and GDRs
Share
Why did bank issuing ADRs and GDRs
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Explanation:
In a circular issued recently, the RBI has directed all banks that have issued GDRs or ADRs to take prior consent of the RBI before amending any agreement between the banks and the depositories that issue such instruments.