Question

What is the key change introduced by the RBI in August 2025

Q: Answer-What is the key change introduced by the RBI in August 2025 regarding Special Rupee Vostro Accounts...

Explanation Earlier, AD banks needed RBIs prior approval for each SRVA, delaying rupee trade settlements. Under the revised procedure Aug 2025, AD banks can directly open SRVAs of correspondent banks, making the system quicker and more attractive for international trade in INR.

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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What is the key change introduced by the RBI in August 2025

Solution