Tag: India Banking
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SBI share price target: Analysts boost Q2 earnings estimates
Overview: SBI faces a new wave of analyst optimism after Q2 results Shares of State Bank of India (SBI), the country’s largest lender by assets, are gaining attention from the investment community following the bank’s second-quarter results. With a broad consensus among analysts and rising earnings estimates, SBI could see its share price test higher…
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RBI 3-Hour Cheque Clearance: Same-Day Processing Comes to Indian Banks
What the RBI’s 3-Hour Cheque Clearance Means India’s central bank is steering cheque transactions toward a faster, more predictable settlement timeline. The RBI has announced a framework that aims to clear many cheque transactions within about three hours of deposit. This marks a significant shift from the traditional two-day or longer waiting period that many…
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RBI CCS: Cheque Clearing in Hours, Not Days
RBI CCS: Cheque Clearing in Hours, Not Days The Reserve Bank of India (RBI) is rolling out a tech-driven upgrade in cheque processing called the Continuous Cheque Clearing System (CCS). This system aims to replace the traditional, time-consuming cheque clearing with a faster, more predictable timeline. The rollout is being implemented in two phases, with…
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RBI CCS: A Banking Revolution with Real-Time Check Clearing
RBI CCS: A Banking Revolution with Real-Time Check Clearing India’s banking sector is witnessing a transformative leap with the introduction of the Continuous Check Clearing System (CCS) by the Reserve Bank of India (RBI). While widespread digital banking has already brought near-instant transfers and seamless online services, traditional paper checks have lagged behind. CCS bridges…
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India’s Vision for Top PSBs by 2047
Introduction In a bold move to strengthen its banking sector, India has set an ambitious goal to have two Public Sector Banks (PSBs) among the world’s top 20 by the year 2047. This vision reflects the country’s broader aspirations as it looks to modernize its banking infrastructure, enhance corporate governance, and improve customer service. The…