Central bank postpones three hour approval rule to give banks more time as revised cheque presentation and confirmation hours ...

Reserve Bank of India postpones Phase 2 of faster cheque clearance under CCS, revises cheque processing hours. Phase 1 ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Under the terms of the contract, Unisys will help the bank ...

RBI introduced continuous clearance under the Cheque Truncation System (CTS) to make cheque clearing faster and smoother by ...

The Reserve Bank of India (RBI) has postponed the implementation of its proposed three-hour cheque clearance rule, offering ...

The Reserve Bank of India (RBI) has deferred the implementation of Phase 2 of its faster cheque clearance framework, which ...

Phase 2, which was planned to start from January 3, 2026, was meant to make cheque clearance even faster. Banks would have ...

Deutsche Bank is creating a platform to automate cheque processing to eliminate a largely paper-based process, which requires human intervention. The bank is creating the platform alongside Indian IT ...

Central Bank of Kenya governor Njuguna Ndung’u delivers his remarks as KBA chairman Jeremy Awori (right) looks on during the announcement of T+1 cheque clearing cycle process at CBK’s clearing house ...

The Central Bank of Nigeria, CBN, said it will commence penalizing Deposit Money Banks, DMBs, whose equipment distort images and data being transmitted during cheque truncation process from November ...

The Kenya Bankers Association (KBA) said on Thursday that all banks would now credit customers accounts with cheque proceeds after two days in urban areas and after three days for upcountry cheques.

The cheque-processing company iPSL is set to close seven centres, according to the Unite union. Officials said they had been warned of the plan to end operations at Scottish sites in Edinburgh and ...