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CHEQUE CLEARANCE TIMELINE
Starlink's India gateway; Deepinder Goyal's longevity betElon Musk's Starlink is gearing up to launch satellite broadband services nationwide. This and more in today's ETtech Top 5.
- How much time does it take to clear a cheque?
From same day credit to credit within hours, how RBI is revolutionising cheque clearance processThe Reserve Bank of India (RBI) is set to revolutionize cheque clearing, aiming for same-day credit through continuous clearing and settlem...
VCs double check corporate governance as lapses riseMultiple top-tier founders and investors said investors are bringing in stricter terms in shareholding agreements as well as term sheets an...
BillDesk cofounder on Prosus deal; pre-IPO boost for PaytmBillDesk, the Indian fintech firm that predates the word 'fintech', will soon be acquired by global tech investor Prosus in a $4.7 billion ...
NCLT is a resolution and not a recovery mechanism: Bahram N VakilThere is a sense of urgency in the 12 largest accounts that form 25 per cent of our NPAs.
- Banks should compensate customers for local cheque clearance delay: RBI
This would mean that banks will have to compensate customers monetarily if a cheque to be credited in an account on Monday, for instance, g...
- RBI to banks: Compensate customers for cheque clearance delay
In a big relief to the bank customers, the Reserve Bank today asked the banks to compensate them for delay in clearance of local cheques.