Authorised dealer category – I banks have been permitted to open Special Rupee Vostro Accounts of overseas correspondent banks without referring to the Reserve Bank of India for approval.
For further details, please see:
https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=60955
For any queries/clarifications, please feel free to ping us and we will be happy to chat:
