Nostro/Vostro balance reporting: monthly submission to central bank under FEMA with variance footnote requirement. Authorised Dealer Category I banks must file a monthly Nostro/Vostro balances statement showing net Nostro and net Vostro balances by major currencies ... Summary
Nostro/Vostro balance reporting: monthly submission to central bank under FEMA with variance footnote requirement.
Authorised Dealer Category I banks must file a monthly Nostro/Vostro balances statement showing net Nostro and net Vostro balances by major currencies (USD, EUR, JPY, GBP, Rupee, other), stated in US dollar terms, and provide a brief footnote where any item shows over 10% variation in a month; the form is addressed to the Division of International Finance in the Department of Economic Analysis and Policy under the Master Circular framework.
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