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 ...

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The Reserve Bank of India (RBI) has postponed the implementation of its proposed three-hour cheque clearance rule, offering banks additional time to prepare for faster processing norms. The decision ...

SBI deployed AI to underwrite nearly Rs 1 lakh crore in MSME loans by FY26 and automate 25% of cheque processing, enhancing efficiency and customer service.

SINGAPORE — All corporate cheques will be eliminated by end-2025 while individuals will still be able to use cheques for a period after 2025, the Monetary Authority of Singapore (MAS) announced on ...

SBI used artificial intelligence to underwrite nearly ₹1 lakh crore in MSME loans of up to ₹5 crore each in FY26, while also using AI to automate cheque processing.

The switch to the new automated system of processing cheques has been pushed back to June 15. Chief executive of the Kenya Bankers Association (KBA), Habil Olaka, said banks require more time to test ...

Starting today, banks across India have implemented a new system for cheque clearance, promising faster processing and quicker availability of funds. The change is expected to benefit millions of ...