Login / Signup

Question

What is a 'Nostro' account?

A A foreign bank's account with an Indian bank in INR.

B An Indian bank's account with a foreign bank in foreign currency.

C A local account maintained by an NRI.

D A specialized account for gold trading.

E A joint account between two foreign entities.

Practice Next

More General Topics in Finance Questions

In case of securitization of standard assets, what is the Minimum Retention Requirement (MRR) for underlying loans of maturity – 24 months or less; ?
Under the 'SHG-Bank Linkage Programme', the saving-to-credit ratio is generally:
As per RBI guidelines, 'High Risk' customers must have their KYC updated at least once every:
Why is vendor and supplier management crucial for organizations?
For a loan to be classified under 'Agriculture - Infrastructure' category of PSL, the limit per borrower is:
In a Letter of Credit (LC), who is the 'Advising Bank'?
Regarding the External Benchmark Lending Rate (EBLR) framework, consider the following statements: 1. Banks are free to choose any external benchmark, inc...
What is the 'EEFC' account?
Under 'Assignment', which of the following is usually transferred to the bank?
What is essential for avoiding penalties and maintaining trust with stakeholders?

Relevant for Exams:

SBI CBO

Hey! Ask a query

ask-question