“vostro account”

  • Banks from 18 countries get RBI’s nod to trade in rupee: Centre in RS

    The Reserve Bank of India (RBI) has permitted banks from 18 countries to open Special Vostro Rupee Accounts (SVRAs) to settle payments in rupees, the government said. Speaking in Rajya Sabha, Union Minister of State for Finance Bhagwat Kishanrao Karad said that 60 such approvals have...

    Published On March 16th, 2023
  • HDFC Bank, Canara Bank Get RBI Approval for Rupee Trade with Russia

    The Reserve Bank of India (RBI) allowed HDFC Bank Ltd and Canara Bank Ltd to open a special "vostro account" for trade in Rupees with Russia. Bank Maha Pack includes Live Batches, Test Series, Video Lectures & eBooks More About...

    Published On November 22nd, 2022