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RBI asks banks to speed up cross-border payments, target same-day credit
short by Mansi Agarwal / on Thursday, 9 April, 2026
The RBI has issued fresh guidelines to ensure faster cross-border inward payments. Banks have been asked to credit inward payments received during foreign exchange market hours within the same business day to the beneficiary's account. They must also inform customers of the receipt of cross-border inward transactions immediately on receipt of the inward message.
read more at NewsBytes