The days of long cheque settlement processes are numbered as commercial banks eye a new technology system that aims at improving efficiency in the banking system. Banks will now be able to scan ...

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 ...

Dr Rao is currently teaching risk management in the institute of Insurance and Risk Management (IIRM). A career banker with Bank of Baroda, he held the position of General Manager - Strategic Planning ...

In Phase 1, starting from October 4, there will be a single cheque presentation session between 10 am to 4 pm during which banks will scan and send cheques to the clearing house continuously. The ...

Mumbai: Punjab National Bank (PNB) today signed an agreement with NCR Corporation India Pvt. Ltd. For the first image based cheque clearing system in India. This will provide clearance of intercity ...

MUMBAI: The Reserve Bank of India will hold a special session on October 3 to test the system capabilities of banks for the new lower time lags for the cheque truncation system that will come into ...