lsquo GDR rsquo is a bank certificate issued in more than one country for shares in a foreign compa...........

Current GK (IBPS-CL) Banking Awareness

‘GDR’ is a bank certificate issued in more than one country for shares in a foreign company. What does 'R' stands for in ‘GDR’?

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Explanation:

GDR stands for Global Depository Receipt.
A global depositary receipt (GDR) is a bank certificate issued in more than one country for shares in a foreign company.
The shares are held by a foreign branch of an international bank. The shares trade as domestic shares but are offered for sale globally through the various bank branches.