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 ...
New Delhi: The Reserve Bank of India (RBI) is set to implement same-day cheque clearing mechanism, effectively from from, October 4, to enable cheque clearance within a few hours of being presented, ...
Tomorrow marks the dawn of a new era as the banking industry changes how cheques are processed and cleared. From Wednesday, Kenyan banks will electronically process and clear cheques, removing the ...
The State Bank of Pakistan (SBP) will launch the Pakistan Express Clearing System (PECS) from October 15, 2026 to speed up ...
SBP issues rules, procedures, and operational instructions for PECS.Cheques to be cleared using captured images under new ...
KARACHI: The State Bank of Pakistan (SBP) has introduced the Pakistan Express Clearing System (PECS), a modern cheque-clearing mechanism that will replace the exchange of physical cheques with ...
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