India's RBI orders faster credit for inbound cross-border payments
→Bank ops teams must reconcile nostro credits at least hourly
Change
India's RBI directed scheduled commercial banks to notify customers immediately and reconcile nostro credits at least hourly for inbound cross-border payments.
Why it matters
Banks must inform customers when an inward payment message arrives. Nostro reconciliation intervals should normally not exceed one hour. Market-hour receipts should be credited the same business day.
Implications
- — Payments-operations teams must update inward-payment workflows within six months - delayed credits breach RBI directions.
- — Nostro reconciliation teams must move from end-of-day checks to hourly intervals - longer gaps breach RBI expectations.
Unlock the full brief.
Implications — what this forces you to change
Who is affected — which roles and obligations are exposed
What to watch — binding deadlines and enforcement dates
Real-time alerts — delivered the moment a binding change is published
Clarify with AI — turn any brief into a decision for your role
Start free trial
No credit card · $29/month after trial · Active in seconds
Source
View on RBI