Which among the following is correct about the Vostro Account?

Question

Which among the following is correct about the Vostro Account?

Options:

A . It is an account maintained by a foreign bank with a Bank in India in Indian Rupees.

B . It is an account maintained by a Indian Bank Branch with a Foreign Bank in Foreign Currency.

C . It is an account maintained by an Indian bank with a Bank in Foreign country in Foreign Currency.

D . It is an account maintained by a Foreign Bank Branch with a Indian Bank in Foreign Currency.

Answer: Option A
Answer: (a)

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