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Loro account refers to a correspondent bank account that a domestic bank maintains in a foreign bank in the foreign currency and is used by a third bank. It means “Our account of their money with you”. A Loro account is a current account that is maintained by one domestic bank for another domestic bank in the form of a third party account, unlike nostro and vostro which is bilateral correspondence.
Operating risk is most likely to increase as a result of:
Which of the following statements are not true regarding External Benchmark Rates
I. All new floating rate personal or r...
What is the minimum amount that needs to be invested in Alternate Investment Fund?
What is the enhanced limit for housing loans (for repairs and renovations) in the metropolitan cities in case of Primary (Urban Cooperative Banks)
In the PPF (Public Provident Fund) Scheme the amount gets locked in for a period of 15 years but if one has to withdraw it before the maturity then the ...
Under which of the following’s administrative control does ECGC come?
The FEMA act replaced the erstwhile FERA Act. In which year was FEMA Act passed?
What is the interest rates of Sukanya Samriddhi Yojana, a government-backed small savings scheme for the benefit of girl child?
The Sustainable Development Solutions Network (SDSN), released its annual Sustainable Development Report 2021, which ranked all the UN member states bas...
PM KISAN is a Central Sector scheme with 100% funding from the Government of India .It has become operational in _______ under which an income support o...