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Chartered Accountant
8487 Points Joined August 2010
Anyone...please explain me meaning of nosto, vostro and loro account with example . I am a bit confused.
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On 12 August 2015 at 11:00 Report
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Asst Mgr-Taxation
6918 Points Joined April 2009

Indian Banks abraod having Foreign Cuurency with Banks is india we term it as Nostro Account.Banks in India having Foreign currency account in banks abroad we term it as Vostro account

 

I am not aware of loro account let experts explain the same 

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On 12 August 2015 at 11:22


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