Questions are emerging over the efficiency of the much touted cheque truncation system. It had been expected that with the new system in place, bank customers countywide would enjoy shorter cheque ...

India’s new real-time cheque clearance system, introduced by the Reserve Bank of India to speed up payments, is facing early teething issues. Many customers have reported delays as the bank staff is ...

Electronic clearing (e-clearing), which is being implemented only at banks’ headquarters, will be extended to the branches between July and September. The extension is subject to the approval of the ...