All posts tagged "Vostro accounts"
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246BUSINESSRBI Permits Banks to Open Current Account for Export Proceeds in Addition to Special Rupee Vostro Accounts
India has been trying to promote rupee trade following the Russia-Ukraine war and the sanctions imposed by the West The Reserve Bank...
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467BUSINESSRBI Permits Banks To Open Vostro Accounts From 22 Countries For Trade In Rupee
As on July 23, 20 banks in India have been permitted to open SRVAs of partner banks from 22 countries. The Reserve...
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561BUSINESSRBI allows banks from UK, 17 other countries to open Vostro accounts for rupee trade
The Reserve Bank of India (RBI) has granted approvals to foreign banks in 18 countries to open Vostro accounts to settle international...
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346BUSINESSEight countries open 50 special rupee vostro accounts in 6 months to trade in INR
New Delhi: Eight countries have opened Special Rupee vostro Account (SRVA) to facilitate overseas trade in Indian rupee. In about six months, these...
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276BUSINESSHDFC Bank, Canara Bank get approval for rupee trade with Russia: Report
The Reserve Bank of India has allowed HDFC Bank Ltd and Canara Bank Ltd to open a special “vostro account” for trade...
