SC asks RBI to frame norms for banks to give issuer details in cases of cheque bouncing

The bench expressed concern over the fact that trials in cases of cheque bouncing take years even though they are mandated by the law to be completed in six months. A recent study showed that 3.5 million such cases were pending, more than 15% of the total criminal cases held up in the district courts.

from Banking/Finance-Industry-Economic Times https://ift.tt/2TOIbpt