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      Question

      Under the RBIтАЩs cross-border payment draft, how often

      must real-time nostro reconciliation be carried out by banks?
      A Every 10 minutes Correct Answer Incorrect Answer
      B Every 30 minutes Correct Answer Incorrect Answer
      C Every 1 hour Correct Answer Incorrect Answer
      D At end of the day Correct Answer Incorrect Answer
      E Every 15 minutes Correct Answer Incorrect Answer

      Solution

      The RBIтАЩs draft circular to improve cross-border payment efficiency mandates that real-time nostro reconciliation must be performed every 30 minutes. This requirement aims to reduce settlement delays from end-of-day processes, ensuring faster crediting of inward remittances.

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