“Nostro” is an Italian word which means ‘ours’. Hence Nostro Account
points at – ” Our Account with you. Nostro accounts are generally held in a foreign country (with a foreign bank), by a domestic bank. It obviates that account is maintained in that foreign currency.
For example, the State Bank of India (SBI) account with HSBC in U.K.
“Vostro” is an Italian word which means ‘Yours’. Hence Vostro Account
points at – ” Your Account with you.”Vostro accounts are generally held by a foreign bank in our country (with a domestic bank). It generally maintained in Indian Rupee (if we consider India)
For example, the HSBC account is held with SBI in India.