Question

Which among the following is correct about the Vostro Account?
(A)It is an account maintained by a foreign bank with a Bank in India in Indian Rupees.
(B)It is an account maintained by an Indian bank with a Bank in Foreign country in Foreign Currency.
(C)It is an account maintained by a Indian Bank Branch with a Foreign Bank in Foreign Currency.
(D)It is an account maintained by a Foreign Bank Branch with a Indian Bank in Foreign Currency.

Answer 1

Nostro and vostro (from Italian, nostro and vostro; English, 'ours' and 'yours') are accounting terms used to distinguish an account held for another entity from an account another entity holds. The entities in question are almost always, but need not be,

I think it's "c"option