NEW DELHI (Reuters) – India’s central bank has given approval to banks to open 12 special “vostro accounts” for trade in rupees with trading partners, its Executive Director Deepak Kumar …
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‘vostro’
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MOSCOW (Reuters) – Russia’s No.2 lender VTB on Wednesday said it had opened a special “vostro” account at its Indian branch that would allow for the more active use of …
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US and World News
Russia’s Sberbank opens ‘vostro’ rupee accounts at India branches
by Reutersby ReutersMOSCOW (Reuters) – Russia’s dominant lender Sberbank is offering clients “vostro” accounts in rupees at its branches in India, aiming to facilitate clients in carrying out rupee-denominated trade transactions which …