Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Cheque payments could be speeded up if work carried out by the UK Payments Association is continued. This year, ...
The much awaited hightech cheque truncation exercise is likely to be launched officially by the end of December. Initially, ten banks would be joining this high-tech facility, more banks are likely to ...
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From same day credit to credit within hours, how RBI is revolutionising cheque clearance process
In a bid to speed up the cheque processing time from the current T+1 settlement period, RBI has announced that starting October 1, 2025, cheque handling will move away from the existing batch clearing ...
Mumbai: Clearing of bank cheques is set to become faster. In its sixth bi-monthly monetary policy statement, the Reserve Bank of India (RBI) on Thursday said it would implement the Cheque Truncation ...
In CTS, banks use scanned copies of cheques for settlement instead of the physical copy making the clearing process partially electronic Clearing of bank cheques is set to become faster. In its sixth ...
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