Rbi: Cross-border payments need consensus: RBI deputy governor
MUMBAI: RBI deputy governor T Rabi Sankar said that global regulators cannot address problems related to cross-border payments under the current framework of correspondent banking. Speaking at the Global Fintech Fest, Rabi Sankar asked why cross-border payments are lagging even as domestic systems are revolutionised. “Even if you leave the currency risk as it is, … Read more