1. Regulatory Updates
1.1. India
Reserve Bank of India (RBI)
1.1.1. RBI issues draft Guidelines to facilitate faster
cross-border inward payments
Reserve Bank of India (“RBI”)
published a draft circular on October 29, 2025, to facilitate
faster cross-border inward payments, aligned with the Group of
Twenty (G20) roadmap and the RBI's Payments Vision 2025.
Banks must inform customers immediately on receipt of inward
messages. They must reconcile and confirm credits in nostro
accounts on a near real time basis or at intervals not exceeding 30
(thirty) minutes. Banks should endeavour to credit inward payments
received during foreign exchange market hours on the same business
day and those received after market hours on the next business day,
subject to the Foreign Exchange Management Act, 1999 (FEMA). Banks
may enable straight-through processing for individual residents and
provide a digital interface for foreign exchange transactions,
including document
