The Reserve Bank has permitted 20 banks operating in the country to open 92 Special Rupee Vostro Accounts (SRVAs) of partner banks from 22 countries […]
Tag: Trade
Banks from 18 nations open 30 special vostro accounts for trade in rupee
Several banks, including HDFC Bank and UCO Bank, have opened as many as 30 special vostro accounts as of date to facilitate overseas trade in […]
Banks looking at possibility of rupee trade with Bangladesh, African nations
Banks are looking at the possibility of initiating rupee trade with Bangladesh and African countries like Egypt as part of exercise to make rupee an […]
Indian financial regulators may rebuff Europe demands: Sources
Indian financial market regulators are unlikely to provide their European counterpart supervisory and auditing powers over domestic clearing corporations and expect them to extend an […]
India aims for greater market access for pharma in UK: Official
India is looking at greater market access for its pharmaceutical products in the UK as part of the proposed free trade agreement with Britain, an […]