In a major reform for India’s banking sector, the Reserve Bank of India (RBI) has announced the rollout of a faster cheque clearance system that will allow funds to be credited to customer accounts on ...
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RBI’s New Cheque Settlement System Faces Initial Glitches, NPCI Promises Quick Resolution
India’s banking system has taken a major technological leap with the rollout of the new continuous cheque settlement system—a reform designed to make cheque clearing faster and more efficient. However ...
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