๐๐ฎ๐๐ซ๐๐ฌ๐ก๐ฐ๐๐ซ๐ ๐๐๐ฆ๐ฉ๐ฅ๐
India's 39th UNESCO World Heritage Site.
Location - Palampet, Mulugu District, Telangana
Built in 1213-53 AD (13th Century)
by - General Recherla Rudra
during - ๐๐ฎ๐ธ๐ฎ๐๐ถ๐๐ฎ ๐๐๐ป๐ฎ๐๐๐ rule
#UNESCO #India #worldheritagesite
India's 39th UNESCO World Heritage Site.
Location - Palampet, Mulugu District, Telangana
Built in 1213-53 AD (13th Century)
by - General Recherla Rudra
during - ๐๐ฎ๐ธ๐ฎ๐๐ถ๐๐ฎ ๐๐๐ป๐ฎ๐๐๐ rule
#UNESCO #India #worldheritagesite
๐ฅBanking Term of the Day: Nostro Accounts๐ฅ
Nostro Account is the account which a bank of a country holds in the bank of another country in the foreign currency and it helps the bank which is having the account in bank of another country by the way of simplifying the exchange and trading process for the foreign currencies.
In simple words, it refers to the foreign bank account established through the domestic bank in the respective country of the currency desired.
๐ฎAdvantages
โYou can pay the money to a third party in your home currency without taking any exchange rate risk.
โEasy to operate since it is a mere transfer of funds from one account to another in the same bank.
โEnables to keep funds in foreign currency.
โReduces the excessive fluctuation risk in exchange rates since money is directly emitted to the other party without physically been there.
๐ฎDisadvantages
โA lesser rate of interest as compared to savings or current account.
โGenerally more expensive since it is a facility provided by the home bank to execute foreign exchange transactions smoothly.
โRigorous regulations and laws imposed for the operation of the Nostro account by the federal bank.
Nostro Account is the account which a bank of a country holds in the bank of another country in the foreign currency and it helps the bank which is having the account in bank of another country by the way of simplifying the exchange and trading process for the foreign currencies.
In simple words, it refers to the foreign bank account established through the domestic bank in the respective country of the currency desired.
๐ฎAdvantages
โYou can pay the money to a third party in your home currency without taking any exchange rate risk.
โEasy to operate since it is a mere transfer of funds from one account to another in the same bank.
โEnables to keep funds in foreign currency.
โReduces the excessive fluctuation risk in exchange rates since money is directly emitted to the other party without physically been there.
๐ฎDisadvantages
โA lesser rate of interest as compared to savings or current account.
โGenerally more expensive since it is a facility provided by the home bank to execute foreign exchange transactions smoothly.
โRigorous regulations and laws imposed for the operation of the Nostro account by the federal bank.
The Hindu Editorial 27.07.2021.pdf
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The Hindu Editorial 27.07.2021
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28.07.2021 The Hindu Editorial.pdf
478.4 KB
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