Bank

Rising Gold Prices Expose Limits of Bank Locker Protection

Investments / Leave a Comment

With gold prices climbing sharply, customers who store jewellery in bank lockers are being advised to reassess whether their valuables are adequately protected. Under Reserve Bank of India (RBI) rules, a bank’s liability for loss of locker contents is limited, and in many cases may fall far short of the actual value of gold stored. […]

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Banks to Introduce Continuous Cheque Clearing from today

Industry / Leave a Comment

Starting Saturday, banks in India will shift from the current batch-based cheque clearing system to a continuous process, a move aimed at speeding up settlements and improving customer convenience. Under the new mechanism, cheques received at bank branches will be scanned and sent to the clearing house on a rolling basis during the presentation window,

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