Question
Which of the following Russian bank launches direct
payments in rupees in what would boost bilateral trade and investments in a big way in January 2023?Solution
Russian VTB bank, Russia’s second largest bank, launches direct payments in rupees in what would boost bilateral trade and investments in a big way. Russian SME clients can now make transfers without double conversion, which simplifies the work on foreign trade contracts with India. The mechanism of direct settlements allows to fix the price of a product and the payment in the national currency, and to receive individual quotes on market terms.It also eliminates preliminary coordination of the transactions. Learn Along: VTB Bank Headquarters: Moscow, Russia                  CEO: Andrey Kostin
RXIL (Receivables Exchange of India Ltd.) is a joint venture of which two institutions?
Under Priority Sector Lending (PSL) guidelines, which category of banks is permitted a specific exemption to allocate up to 32% of their PSL target towa...
Which of the following account has a Credit Balance?
Contribution to Pension Scheme notified by the Central Government under section 80CCD (1) provides a deduction for the amount paid or deposited by an em...
Which section of the Income Tax Act, 1961, allows a deduction of interest paid on loan taken for purchase of an electric vehicle?
What is the primary objective of capital budgeting?
Journal entry is not made for which of the following?
Calculate net working capital?
Which of the following book is both a journal and a ledger?
Money received against share warrant is shown under which head?
Relevant for Exams:
