The Reserve Bank of India (RBI) has granted approvals to foreign banks in 18 countries to open Vostro accounts to settle international...
New Delhi: Eight countries have opened Special Rupee vostro Account (SRVA) to facilitate overseas trade in Indian rupee. In about six months, these...
The finance ministry has asked all banks to nominate nodal officers, who would act as a single point of contact for exporters...
Union Bank of India has opened a special rupee account of Ros Bank Russia while Chennai-based Indian Bank has opened such accounts...
The Reserve Bank of India has allowed HDFC Bank Ltd and Canara Bank Ltd to open a special “vostro account” for trade...