SBI Account with HSBC in Uk is an example of ___________
A)Loro
B)Nostro
C)Vostro
D)SWIFT

Name: SBI Account with HSBC in Uk is an example of ___________ A)Loro B)Nostro C)Vostro D)SWIFT
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Question

Quizplus · Accepted Answer

A Nostro account is an account that a bank holds in a foreign currency in another bank. The example given, an SBI (State Bank of India) account with HSBC in the UK, is an account that SBI holds in the UK, likely in pounds sterling, making it a Nostro account from the perspective of SBI.

SBI Account with HSBC in Uk Is an Example of ___________