ADRs meaning in Banking ?

Answer: What is American Depository Receipts mean?

An American depositary receipt (ADR, and sometimes spelled depository) is a negotiable security that represents securities of a foreign company and allows that company's shares to trade in the U.S. financial markets.

Shares of many non-U.S. companies trade on U.S. stock exchanges through ADRs, which are denominated and pay dividends in U.S. dollars, and may be traded like regular shares of stock. ADRs are also traded during U.S. trading hours, through U.S. broker-dealers. ADRs simplify investing in foreign securities by having the depositary bank "manage all custody, currency and local taxes issues".

The first ADR was introduced by J.P. Morgan in 1927 for the British retailer Selfridges on the New York Curb Exchange, the American Stock Exchange's precursor.

They are the U.S. equivalent of a global depository receipt (GDR). Securities of a foreign company that are represented by an ADR are called American depositary shares (ADSs).

reference

Full Form	Category
Australasian Double Reed Society	Academic & Science
American Depository Receipts	Banking
Applied Development Research Solutions	Community
Air Data Reference System	General
Addictive Disorders and Recovery Studies	General
Alternative Dispute Resolution Service	General
ADMIRALTY Digital Radio Signals	General
Arizona Disposition Reporting System	General
Alcoholism Denial Rating Scale	General
Association for Driver Rehabilitation Specialists	General
Australian Drag Racing Series	General
Adverse Drug Reporting System	Governmental
Alabama Department of Rehabilitation Services	Medical
Adverse Drug Reactions	Medical
Australian Double Reed Society	Regional