Nairobi — It will soon take you as short as one day to cash a cheque in Kenya, thanks to a new initiative by commercial banks aimed at further streamlining the country's banking sector. Working under ...

The Reserve Bank of India (RBI) has postponed the second phase of its faster cheque clearing mechanism to allow banks more time to streamline operations. Originally scheduled for January 3, Phase 2 ...

The Negotiable Instruments (Amendment) Bill, which was passed by a voice vote, provides for allowing a court trying a cheque bounce offence to direct the drawer (person who writes the cheque) to pay ...

A new Bill has been tabled in the Lok Sabha for quick prosecution in cheque bounce cases. The Bill also seeks to do away with "unnecessary" litigation in cheque dishonour cases. The Negotiable ...