A current account maintained by a domestic bank with a foreign bank, in a foreign country is known as?
Banks deal in Forex market and so have to maintain stocks of foreign currencies in the form of bank accounts with their overseas branches / correspondents. It refers to an account that a domestic bank holds in a foreign currency in foreign bank. Nostros, a term derived from the Latin word for “ours,” are frequently used to facilitate foreign exchange and trade transactions. Nostro A/C (our account with you) – is a current account maintained by a domestic bank (say SBI) with a foreign bank (say Citi Bank) in a foreign country.
Which state has become the "first state" to create a DNA database of unidentified bodies which would help in the identification of bodies which would...
Who was Leonardo Del Vecchio, who recently died?
Why did Bhutan's Prime Minister announce the completion of the National Dog Population Management and Rabies Control Project?
Which novel won the 2023 Booker Prize for fiction, and who is the author?
Who has recently been elected as the Chairman of the Board of Governors of the International Air Transport Association?
When is Arunachal Pradesh Foundation Day celebrated?
Out of all 766 districts across 36 States/ UTs, One District One Product (ODOP) has been approved for ___ districts of 35 States/ UTs under Pradhan Mant...
DGCA has recognized the first Flying Training Organization of which state?
Lata Deenanath Mangeshkar award is given every year to an individual who has made a path-breaking contribution towards the nation, its people and societ...
Who is the author of the book “Lal Salaam”?