ICICI Bank offers strong network of Rupee Vostro Accounts

Apr 27, 2023

This initiative is in line with India's Foreign Trade Policy 2023 and RBI's framework for invoicing, payment, and settlement of exports/imports in INR, in...

RBI eases norms for trade in Indian rupee, removes approval requirement for Special Vostro accounts

Aug 06, 2025

In a significant move aimed at further facilitating trade in Indian Rupees, the Reserve Bank of India (RBI) has simplified the procedure for opening...

RBI allows investment of surplus rupee balances in special vostro accounts into Govt Securities

Aug 13, 2025

The Reserve Bank of India (RBI) has permitted persons resident outside India holding Special Rupee Vostro Accounts (SRVAs) to invest their surplus rupee balances...

22 countries opened special bank accounts in India to trade in Rupee: Minister

Jul 21, 2023

Banks from 22 countries have opened special Rupee vostro accounts in Indian banks in order to trade in local currency as part of gradual...

Rupee goes international - Journey of Indian currency since 1947

Aug 15, 2023

Banks from 22 countries have opened special Rupee vostro accounts in Indian banks in order to trade in local currency as part of gradual...

Rupee goes international - Journey of Indian currency since 1947

Aug 14, 2023

Banks from 22 countries have opened special Rupee vostro accounts in Indian banks in order to trade in local currency as part of gradual...