Question

What is the key change introduced by the RBI in August 2025 regarding Special Rupee Vostro Accounts (SRVAs)?

A RBI approval is still mandatory before opening each SRVA
B Only foreign banks can directly open SRVAs without RBI involvement
C Authorised Dealer (AD) banks can now open SRVAs without seeking prior RBI approval
D SRVAs can now only be opened for trade in petroleum products
E RBI has restricted SRVAs to G20 member countries only
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