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Differences between nostro Account Vostro Account and loro Account and mirror Account
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Dear friend Join WhatsApp messenger group for promotion exam material 08279470702 Differences between nostro Account and Vostro Account Nostro Account Our acc ount wi th you For example SB I . Mum bai mainta ining an USD acc ount with Citi Bank New York is nostro Account f or Sbi Mumbai. Vostro Account Your acc ount with us For example American express ba nk mainta ining a rupee Account w ith SBI Mumbai is Vostro Account IN the boo ks of SBI Mumbai. Loro Account His acc ount with th em. F or example Citi Bank refer ring to RUPEES Account of American express bank with SBI Mumbai. Mirr or Account Shad ow of nost ro Account. F or example whi le a bank MAINTAINS nostro Account w ith a fore ign b ank it has to keep an acc ount of the sa me in its books.