The RBI has introduced new rules to speed up inward cross-border payments by mandating hourly reconciliation of nostro accounts and immediate customer alerts, aiming to align India’s framework with the G20 roadmap for faster global transfers. In an article published in Mint, our Partner Uttkarsh Bhatnagar explains how these changes will streamline remittances, cut delays, and push banks toward real-time reconciliation, automated STP, and digital customer platforms. (Photo Credit: Mint)
