CHEQUE BOOK STANDARDS
India to launch new cheque book rules from January 1, 2027? RBI clarifies
RBI has clarified that there will be no changes to the standard CTS cheque books in 2027. Social media messages claimed new cheque books with security features would be introduced from January 1. The central bank has emphasized these claims are misleading and factually incorrect. RBI urges the public to rely only on information published by the bank.
Rs. 400 crore of ‘cash’ that existed only on paper: Not for the first time, nor will it be the last
When something is wrong inside a company, the people running it know first. The auditors may sense it next. A regulator might confirm it years later, in an order the public finally gets to read. The ordinary shareholder sits at the very end of that queue, usually learning the truth only after the share price has already delivered its verdict. The value of reading the accounts closely is simple: It is the one way to move a little higher up that queue, while there is still time to act.
SIP or STP for PMS investments? Key differences, costs and risks investors should know before choosing
The rising inclination toward systematic investment plans (SIPs) for Portfolio Management Services (PMS) is becoming increasingly visible among Indian investors. A notable percentage of PMS strategies are starting to incorporate SIPs for regular investments. Particularly, younger investors looking to build wealth are favouring this approach to mitigate market risks. With recent regulatory shifts regarding PRIM, advancements in technology and education for investors are essential for broader adoption of PMS SIPs.
Warren Buffett on 5 habits that feel like good investing but make you poorer
Buffett offered a bet in public and then waited. Thousands of managers who have grown rich telling people they can beat the market did not take it up. Only one man accepted. Nine years later, the scoreboard was not close, and the more revealing number is not the gap between them.
Warren Buffett's analysis was correct. His temper was not. The bill ran into billions
There was no bad analysis, no misread of a balance sheet, no industry he failed to understand. The company he bought was superb and remains the foundation of everything he built afterwards. And the single decision he took while buying it is the one he calls the most expensive of his career. He has had decades to work out why he made it. He has never managed to.
ET 40 Under 40 2026: Leaders say businesses must change before it's too late
Corporate executives emphasized the necessity of embracing proactive self-disruption as technology evolves and consumer preferences shift. It's imperative for businesses to adapt continuously, even when thriving, to stay competitive. As AI's role amplifies, the significance of data remains high, requiring adept insight extraction. Successful adaptation demands organizations to evolve structurally while upholding core values. The greatest danger lies in delaying change in a swiftly changing market environment.
- Go To Page 1
Buffett asks shareholders to ignore his profit figure. Then explains how he could fake it
The rule is simple and almost nobody thinks about it. When a business sours, the accounts mark it down. When a business thrives, the accounts are not permitted to mark it up. Warren Buffett walks his shareholders through what that does to one company he owns, and the gap he arrives at is enormous. He is not complaining about the accountants. He is teaching you where to look.
We must resolve to transform all defence PSUs into global giants: Rajnath Singh
Defence Minister Rajnath Singh stressed defence PSUs' vital role in national security imperatives. He urged them to prioritize timely delivery and reduce import dependency significantly. Efforts should focus on achieving global quality standards for all defence products. Increased investment in research and development was welcomed by the minister. Defence PSUs presented dividend cheques totaling Rs 3,951 crore to the government.
How companies create fake cash in books, and take investors for a ride
Cash is the item on a balance sheet that most investors accept without argument. Revenue can be recognised early, inventory can be overvalued, an optimistic forecast can prop up goodwill. But cash is cash. “Either it is in the account, or it is not” is the common perception. Can manipulation hit this accounting line too?
This bank has changed its name: Will its cheque book, passbook, card and IFSC code still work?
RBI issued a notification on May 21, 2025, announcing the change of the name for North East Small Finance Bank Limited to 'slice Small Finance Bank Limited'
For greater transparency, EC pushes for reducing candidates' cash expenditure limit from Rs 10K to Rs 2K
According to the EC's instructions, candidates have to open a separate bank account exclusively for election expenditure purposes, at least one day before filing of nomination. Candidates also have to maintain day-to-day accounts, cash book and bank book from the date of filing of nomination to the date of declaration of results (both dates inclusive).
Your high value cheque may be rejected sans net, mobile banking or branch visit
Under the positive pay mechanism, the cheque issuer, i.e., you, will be required to verify certain details of the cheque issued by you to ensure that it is cleared, i.e., processed and debited from your bank account.
Coronavirus impact: Standard Chartered Bank customers can now make all service requests digitally
According to the bank's press release, requests ranging from checkbook requests and reporting of lost or stolen cards to a list of documents for a loan can be made digitally.
10 things to consider before opening kid's savings account
Bank savings account opened for a minor between 10 years and 18 years of age can be operated by the child but converted into a regular account later on.
No clearance of non-CTS compliant cheques from January: Punjab National Bank
This eliminates the cost of movement of physical cheques and reduces the time for clearance for better delivery of services to customers.
Now you have 90 days to repay your loans, RBI gives additional 30 days
The above dispensation will apply to dues payable between November 1, and December 31, 2016.
100 banks join National Financial Switch network as direct members
NFS is the largest interoperable ATM network in the country and it manages more than 95 per cent of the domestic interbank ATM transactions.
Startups using creative means to draw users to apps
Ahmedabad-based Poletalks, a community interaction platform that allows people to make or share anonymous comments or information, introduced a new feature ‘utility index’ to indicate any nearby amenities that now includes ATMs with or without cash.
RBI directs banks to collect EMIs through electronic transfers
Auto and home loan borrowers need not pay post dated cheques towards EMIs as RBI has directed banks to collect monthly instalments through electronic mode.
Tips to replace non CTS-2010 compliant cheques
The advent of CTS-2010 compliant cheques will make the existing cheques invalid from 31 July 2013.
RBI extends deadline for issuance of new format cheques
The RBI asks banks to issue new cheque books only under the new format and gave them time till July-end to withdraw the old format cheques.
NRIs, get ready to order new India cheque books
RBI has introduced a new format for cheques, the CTS-2010 Standard as part of its measures for enhancement of security features.
RBI extends cheque upgradation deadline till March next year
Bank customers do not need to discard their non-CTS 2010 standard cheque books in a hurry to get their multi-city CTS-2010 standard cheque leafs.
Check your cheque status, only those in new format will be honoured from January 1
Get a new cheque book before the New Year. Here are the features of new cheques & what you need to do before the year ends.
ET Wealth: Procedure for closing a bank account
It is advisable to close a bank account unless you expect a banking relationship in the near future.
StanChart launches Howzzaat
Standard Chartered Bank launched a savings account that allows customers earn 'runs' (points) on every transaction made on that account.
SBI to launch mobile banking service soon
Public sector lender State Bank of India will tie up with a domestic firm to roll out its mobile banking services within a month, a senior bank official said.
StanChart opens full-service branches in Jalgaon & Siliguri
Private sector lender Standard Chartered Bank has opened two full-service branches at Jalgaon in Maharashtra and Siliguri in West Bengal.
You needn't cry your way from bank any more
Customers can look forward to being charged less for services from banks with the Reserve Bank of India asking banks to mention various costs upfront. Banks have been asked to unbundle their products so that customers come to know what exactly they are being charged for.
Load More
