In digital age, banks overlook 142-year-old rule for cheques Despite advancements in banking processes, the law regarding the endorsement of cheques has not evolved at the same pace. The modern Cheque ...

During the first century AD, banks in Persia (Iran) and other territories in the Persian empire under the Sassanid dynasty issued letters of credit known as Sakks. The predecessor of the modern cheque ...

MUMBAI: As banks and businesses continue to adopt efficient processes, they tend to forget that the law doesn’t evolve as quickly. Despite legal requirements for banks to credit cheques that are ...