Current Affairs

GK MCQs Section
Q. The Reserve Bank of India (RBI) authorized HDFC Bank Ltd and Canara Bank Ltd to create a special "vostro account" for trading in Rupees with which nation in November 2022?
Answer: Russia
Notes: The Reserve Bank of India (RBI) allowed HDFC Bank Ltd and Canara Bank Ltd to open a special “vostro account” for trade in Rupees with Russia. Vostro accounts are accounts a bank holds on behalf of another, often foreign bank, and this forms a key part of correspondent banking.
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