Question
RBI has permitted banks from how many countries to open
Special Vostro Rupee Accounts (SVRAs)?Solution
The Reserve Bank of India (RBI) has permitted banks from 18 countries to open Special Vostro Rupee Accounts (SVRAs) to settle payments in rupees. These 18 nations include Botswana, Fiji, Germany, Guyana, Israel, Kenya, Malaysia, Mauritius, Myanmar, New Zealand, Oman, Russia, Seychelles, Singapore, Sri Lanka, Tanzania, Uganda and the United Kingdom.
Which of the following options is incorrect about “the payment and settlement systems growth in India” as the RBI’s Annual Report 2022-23, ?
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