RBI clarified how cheque truncation and continuous clearing speed up settlements by using electronic images instead of physical cheques. The FAQs outline timelines, safeguards, and customer ...

The SC reversed a decision of the Delhi High Court, and held that under Section 138, the cause of action is linked to the ...

Dubai: Indian expats in the UAE who still use cheques for transactions back home will soon see money move faster, thanks to a major upgrade in India’s cheque clearance process. The Reserve Bank of ...

MUMBAI: The Reserve Bank (RBI) has deferred the rollout of the phase 2 of its faster cheque clearance framework, which was scheduled to be effect January 3, 2026, under which banks were to ...

MUMBAI: RBI on Wednesday postponed phase 2 of its nationwide faster cheque clearance system, citing banks’ lack of operational readiness after issues in faced by some banks in phase 1. Phase 2 of the ...