Banking Terms for competitive exams PART-1

1. ADR : - ADR stands for American Depositary Receipt. It is like a certificate which is issued by the bank.These are related to foreign countries that are why they are also known as GDR (Global Depositary Receipt).
2. AGM : - AGM stands for Annual General Meeting. This meeting is held by public organisations. This meeting is generally known as Annual Meeting. In this meeting, every member of the organisation participates. The purpose of this meeting is that every member who is participating in this meeting will discuss all the plans with a board of directors. Members can ask questions from them.
3. AIRCSC :- AIRCSC stands for All India Rural Credit Survey Committee. This committee was held in 1966 by RBI. The objective of this committee is to handle, control and manage the credit needs of agriculture.
4. AFS ;- AFS stands for Available for Sale. This is a financial term. This is used for classifying the assets.
5. AMFI :- Association of Mutual Fund in India. This association was established in 1995. The main objective of this association is to develop the market of mutual fund in India.