The
Definition Of

Agricultural Bank

Agricultural Banks are primarily meant for financing agriculture and rural development activities.

It also, in addition to their normal specialized financial activities, do many activities of the commercial banks.

Share it:

More from this Section

  • Revaluation
    Revaluation is an upward change in the official parity of an exchange rate from that which it was previously set.
  • Zero-coupon-for-floating swap
    The Zero-coupon-for-Floating swap is a special type of interest rate swap. The fixed rate payer makes a single payment at the ...
  • Absolute Form of PPP
    Absolute form of purchasing power parity (PPP) theory that explains how inflation differentials affect exchange rates. It suggests that.......
  • Advising Bank
    Advising Bank the bank that notifies the exporter of the opening of a documentary credit in their favour.
  • Banker’s Acceptance
    Banker’s Acceptance is negotiable time drafts, or bills of exchange, that have been accepted by a bank which, by accepting, assumes the
  • Multimodal transport bill of lading
    Multimodal transport bill of lading bill of Lading used for carriage whenever there are at least two different forms of transport, such as
  • Asian Clearing Union (ACU)
    Asian Clearing Union (ACU) is the simplest form of payment arrangements whereby the members settle payments for intra-regional transactions among ...