Amendments to UAE Commercial Transactions Law will come into effect on January 2 The UAE's Central Bank has come out with clarifications on the law regarding de-criminalisation of bounced cheque cases ...

Whether the cheque in question was authentic or part of a clever viral stunt, the situation highlights an important point: many people still struggle with understanding basic financial procedures.

Customers of these three PSU banks can go through net banking, mobile banking or via bank branch to get new cheque book.(Mint) Cheque book holders of three public sector banks — Allahabad Bank, ...

The Reserve Bank of India (RBI) announced plans to cut bank cheque clearing times to just a few hours. RBI Governor Shaktikanta Das revealed the neew continuous 'on-realisation-settlement' mechanism ...

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 ...

High value bank cheque transactions are set to become safer with the Reserve Bank of India’s (RBI) stated intention to adopt the Positive Pay system for the payment of cheques valuing Rs 50,000 and ...

Lending major Punjab National Bank (PNB) on Tuesday said it will make high-value cheque verification system mandatory to protect the bank customers against frauds. The bank will make 'Positive Pay ...

State-owned Canara Bank on Wednesday said cheque books issued by erstwhile Syndicate Bank branches and their IFSC or MICR codes will be valid till the end of June 2021. Canara Bank amalgamated ...

The Employment and Labour Relations Court has upheld dismissal of a former assistant manager at Diamond Trust Bank, ruling that the lender acted lawfully in firing her for breaching banking procedures ...

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 ...

The RBI’s move to implement a continuous cheque clearing and settlement system has run into early hiccups, leaving bank customers waiting for more than two days for their cheques to be cleared, ...