Russia's No.2 lender VTB said it had opened a special "vostro" account at its Indian branch that would allow for the more active use of Indian rupees in payments under import and export contracts
ZEEL in a regulatory filing said VTB Capital Plc has secured the right to potentially monetise 10.28 crore shares of the company held by its promoter Essel Media Ventures
If VTB is allowed to bid solo, then it could be absolved from paying the dues on account of Numetal
But the bank says it will continue to work in India