The new system was part of the RBI’s broader effort to modernise cheque-based transactions and reduce settlement delays for ...
Pune: Account holders and merchants continue to face delays in cheque processing under the newly implemented single presentation cheque clearance system, despite the National Payments Corporation of ...
During 2024-25, the RBI had added 54.13 metric tonnes of gold. The Reserve Bank of India has introduced real-time clearing of cheques. However, technology integration glitches, inadequate training of ...
These mechanisms would help regulators and institutions align to supervise AI outcomes, detect weaknesses before they escalate, and ensure that AI-driven decision-making can be understood and, if ...
RBI postpones cheque clearance rule: The Reserve Bank of India (RBI) has postponed Phase 2 of its check clearance expediting scheme. The scheme was scheduled to begin on January 3, 2026. Under this ...
RBI introduced continuous clearance under the Cheque Truncation System (CTS) to make cheque clearing faster and smoother by ...
National Payments Corporation of India (NPCI) has said that cheque clearing under the continuous clearing system is largely stable, though minor delays and teething issues still persist in the central ...
Dr Rao is currently teaching risk management in the institute of Insurance and Risk Management (IIRM). A career banker with Bank of Baroda, he held the position of General Manager - Strategic Planning ...