May 02, 2020

Foreign Currency Accounts;NOSTRO,VOSTRO,LORO

  Foreign Currency Accounts or Correspondent Bank Accounts or Currency  Accounts
Account Description
NOSTRO Account of State Bank with Citibank in NewYork in $. Also Called our account with you
VOSTRO Citibank Account with State Bank in New Delhi in Indian Rupee. Also called your account with us
LORO When PNB wants to utilize the above NOSTRO Account, for PNB it becomes LORO account. Also called their account with them.

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