what is nostro account and vostro account ?
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hey mate.........
Nostro account refers to an accountthat a bank holds in a foreign currency in another bank. ... The opposite termvostro accounts, derived from the Latin word for "yours," is how a bank refers to the accounts that other banks have on its books in its home currency.
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Nostro account refers to an accountthat a bank holds in a foreign currency in another bank. ... The opposite termvostro accounts, derived from the Latin word for "yours," is how a bank refers to the accounts that other banks have on its books in its home currency.
pls mark brainlist answer
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nostro account :- a nostro account is maintained by an Indian bank in the foreign countries
Vostro account :- a Vostro account is maintained by a foreign bank in India with their corresponding bank
I hope it helps you
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Vostro account :- a Vostro account is maintained by a foreign bank in India with their corresponding bank
I hope it helps you
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