Which public sector bank in India has been given permission by the RBI to manage the special rupee vostro accounts of three banks from Sri Lanka?
Indian Bank.
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Indian Bank has been given regulatory approval by the Reserve Bank of India (RBI) to manage special rupee vostro accounts for three banks from Sri Lanka. Sri Lanka could import from India without using any of its available dollars if it had a vostro account in local currency, as the nation is currently experiencing its worst forex crisis.
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