Ltd (DMS) has announced the successful implementation of its flagship DMS-IMAGO platform at HSBC Sri Lanka, marking another ...

Banks across India, including SBI, HDFC Bank and ICICI Bank, are closed today, July 11, 2026, due to the second Saturday ...

While banks will be closed for the second Saturday and Sunday. The Reserve Bank of India (RBI) decides holidays for all banks in India depending upon the state, festivals, and regional cultures. Hence ...

Starting October 4, 2025, private banks like HDFC Bank and ICICI Bank will clear cheques on the same day, marking a major shift in India’s banking landscape. Following the Reserve Bank of India’s (RBI ...

In a landmark move aimed at expediting cheque clearance, the Reserve Bank of India (RBI) has declared its plan to introduce same-day and hourly cheque clearances. The announcement was made in a ...

The Reserve Bank of India (RBI) will roll out a new mechanism from October 4 to expedite cheque clearance within hours. This shift from the existing time frame aims to improve efficiency by ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. MAS had previously announced that corporate cheques would be ...

The RBI aims to reduce the clearing time required for bank cheques to a few hours as part of a major step to facilitate the ease of doing business in the country, RBI Governor Shaktikanta Das said on ...

Abstract: The Cheque Truncation Technology (CTS) is an image-based cheque clearing system that speeds up the process of clearing checks. To amend cheque data, the bank's cheque process necessitates a ...