{"id":118604,"date":"2022-09-26T12:22:23","date_gmt":"2022-09-26T06:52:23","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=118604"},"modified":"2022-09-26T12:26:05","modified_gmt":"2022-09-26T06:56:05","slug":"uco-bank-becomes-first-lender-to-get-rbis-approval-for-rupee-trade","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/uco-bank-becomes-first-lender-to-get-rbis-approval-for-rupee-trade\/","title":{"rendered":"UCO Bank becomes first lender to get RBI\u2019s approval for rupee trade"},"content":{"rendered":"\n<p><strong>UCO Bank becomes first lender to get RBI\u2019s approval for rupee trade: <\/strong>UCO Bank\u00a0has received the approval of the\u00a0Reserve Bank of India\u00a0to open a special Vostro account with\u00a0Gazprom Bank\u00a0of Russia for trade settlement in Indian rupees.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-september-2022\/\" target=\"_blank\" rel=\"noreferrer noopener\">September 2022 Current Affairs Quiz<\/a><\/p>\n\n\n\n<p>UCO Bank which is&nbsp;a Kolkata-based lender&nbsp;is the first bank to receive the regulator\u2019s approval following the decision of RBI to allow Indian Banks to settle trade in Indian currency in July.<\/p>\n\n\n\n<p>UCO Bank was formerly known as&nbsp;United Commercial Bank&nbsp;which was established in&nbsp;1943&nbsp;in Kolkata. It is one of the nationalized banks in India. It is under the ownership of the Ministry of Finance, Government of India.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>UCO Bank becomes first lender to get RBI\u2019s approval for rupee trade: UCO Bank\u00a0has received the approval of the\u00a0Reserve Bank of India\u00a0to open a special Vostro account with\u00a0Gazprom Bank\u00a0of Russia for trade settlement in Indian rupees. September 2022 Current Affairs Quiz UCO Bank which is&nbsp;a Kolkata-based lender&nbsp;is the first bank to receive the regulator\u2019s approval [&hellip;]<\/p>\n","protected":false},"author":894,"featured_media":118605,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4926],"tags":[74,64],"offerexpiration":[],"class_list":["post-118604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-september-2022","tag-bank-current-affairs","tag-reserve-bank-of-india-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/118604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/894"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=118604"}],"version-history":[{"count":2,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/118604\/revisions"}],"predecessor-version":[{"id":118615,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/118604\/revisions\/118615"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/118605"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=118604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=118604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=118604"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=118604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}