Stakeholders during a recent engagement meeting organised by the Indian Institute of Chartered Accountants, to discuss the implications of the Rupee Nostro Account System
Josephine Christopher is a senior business journalist for The Citizen and Mwananchi newspapers
Mwananchi Communications Limitted
What you need to know:
To trade under this mechanism, Tanzanian banks will have to open SRVA in India by approaching authorised Indian banks that will, in turn, approach RBI for their approval with details of the arrangement, the statement further stated.
