Page 5 - Mega Digi Page: General Awareness - Jan 2016
P. 5
www.bankersguru.org
(General Awareness)
Nostro A/C: Ours account with you
A bank account held in a foreign country by a domestic bank, denominated in the currency of that
country.
USA
INDIA
U.S. BANK
INDIAN
Nostro account
BANK opened by the
Indian Bank opens a Current account indian bank
with the U.S. Bank in Dollar.
This Account for an Indian Bank is
known as Nostro account for the Indian
Bank
Vostro A/C: Yours account with us
It is the account which is held by a foreign bank with a local bank
USA
INDIA
U.S.
INDIAN
BANK
BANK
U.S. Bank opens a Current account with
VOSTRO
account Of the INDIAN Bank in RUPEES.
the U,S, bank This Account is called as VOSTRO
account BY the Indian Bank.
LORO A/C: Our account of their money with you
Loro accounts are generally held by a 3rd party bank, other than the account maintaining bank or
with whom account is maintained.
SBI opened a current account with USA
INDIA
INDIAN BANK - an U.S. bank in Dollar. U.S. BANK
SBI
Nostro a/c
INDIAN BANK -
PNB of indian
bank
PNB refers to the SBI accounts for
Transactions such an account for
PNB would be a LORO Account
Date of Release - 08-Jan-16 SUBJECT: GA www.bankersguru.org
(General Awareness)
Nostro A/C: Ours account with you
A bank account held in a foreign country by a domestic bank, denominated in the currency of that
country.
USA
INDIA
U.S. BANK
INDIAN
Nostro account
BANK opened by the
Indian Bank opens a Current account indian bank
with the U.S. Bank in Dollar.
This Account for an Indian Bank is
known as Nostro account for the Indian
Bank
Vostro A/C: Yours account with us
It is the account which is held by a foreign bank with a local bank
USA
INDIA
U.S.
INDIAN
BANK
BANK
U.S. Bank opens a Current account with
VOSTRO
account Of the INDIAN Bank in RUPEES.
the U,S, bank This Account is called as VOSTRO
account BY the Indian Bank.
LORO A/C: Our account of their money with you
Loro accounts are generally held by a 3rd party bank, other than the account maintaining bank or
with whom account is maintained.
SBI opened a current account with USA
INDIA
INDIAN BANK - an U.S. bank in Dollar. U.S. BANK
SBI
Nostro a/c
INDIAN BANK -
PNB of indian
bank
PNB refers to the SBI accounts for
Transactions such an account for
PNB would be a LORO Account
Date of Release - 08-Jan-16 SUBJECT: GA www.bankersguru.org
