RBI orders faster credit for inbound cross-border payments
→Bank ops teams must reconcile nostro credits at least hourly within six months
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
Nostro reconciliation must run on near real-time or hourly intervals. Market-hour receipts require same-business-day credit to beneficiary accounts. The directive becomes effective six months from circular issuance under PSS Act 2007.
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.
- → Customer-notification teams must trigger immediate inward-payment alerts - missed notices breach RBI directions.
Full decision brief
Unlock the decision layer.
Get the implications, affected teams, what to watch, and Clarify with AI — so the change becomes easier to act on.
Implications — what this change may force you to review
Who is affected — which people, workflows, or obligations are touched
What to watch — dates, deadlines, and triggers that matter next
Real-time alerts — delivered when a decision-forcing change is published
Clarify with AI — ask what this change means for you
Source
View on RBI