CSK defeat Kings XI Punjab by 22 runs
Chennai, Apr 6: Led by seasoned Harbhajan Singh, Chennai Super Kings spinners put on a dominating show to help the side reclaim the top position with a 22-run win over Kings XI Punjab in an IPL match, here Saturday.
Defending 160 for three, CSK restricted Punjab to 138 for 5 despite half centuries from K L Rahul (55) and Sarfaraz Khan (67).
The visitors scored at a low pace and required to score 26 off the last over, bowled by IPL debutant Scott Kuggeleijn. The Kiwi paceman had no trouble defending those runs and also dismissed Sarfaraz.
Harbhajan was the best bowler for the hosts with the figures of 4-1-17-2. In a brilliant spell, he bowled a maiden and grabbed two wickets, including that of the 'universal boss' Chris Gayle.
Ravindra Jadeja (4-0-24-0) and Imran Tahir (4-0-20-0) also helped CSK put the brakes on the rival batsmen. They, along with Harbhajan, conceded only 61 runs in 12 overs even as the required run-rate kept mounting.
Kuggeleijn did not start very well, being hit for a six off his very first ball, but did well to finish with 2 for 37 in his 4 overs.
Harbhajan struck a huge blow to rivals by dismissing the Gayle, having him caught behind by M S Dhoni for 5 in the second over.
Two balls later, he had the stylish Mayank Agarwal, caught by Faf du Plessis near the boundary with the batsman going for a big hit. Harbhajan started off with a double wicket maiden to put Kings XI on the backfoot early.
In the 13th over, Rahul's missed sweep saw Dhoni flick the ball on to the stumps but the bails didn't come off though the LED lights lit up, ensuring the batsman survived despite being short of his crease.
The century partnership for the third wicket between Rahul and Sarfaraz was a productive one but they consumed a lot of balls and stymied the Kings XI chase as the CSK bowlers kept things tight.
Earlier, du Plessis hit a fine half-century up the order while skipper Dhoni and Ambati Rayudu provided the late flourish to help Chennai Super Kings post a competitive 160 for three.
Du Plessis made 54 off 38 balls with the help of two fours and four hits over the fence and together with Shane Watson (26) added 56 runs for the first wicket after opting to bat.
But it was some late hitting by Dhoni (37 not out) and Rayudu (21 not out) and their unbeaten 60-run fourth wicket partnership in 30 balls helped the defending champions reach a respectable total.
Thanks to Dhoni and Rayudu, CSK scored 52 runs in the last five overs after a rather quiet middle period.
Kings XI skipper Ravichandran Ashwin was the best bowler for the visitors, picking up three wickets for 23 runs from his four overs. He was on a hat-trick in the 14th over after getting half-centurion Du Plessis and Suresh Raina off successive deliveries.
Watson fell against the run of play, attempting a big shot off Kings XI captain Ashwin to be well caught by Sam Curran in the deep.
Raina (17), who came in at No.3, strung together an useful 44-run partnership with Du Plessis, who kept the scoreboard ticking with a mix of attacking shots and judicious running between the wickets.
The partnership was broken when Du Plessis perished while going for a big hit off Ashwin, caught at long-on by David Miller and then a ball later the off-spinner cleaned up Raina as the batsman went for a sweep.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Banks to clear cheques within few hours from Oct 4: RBI
Mumbai, Aug 13 (PTI): The RBI will introduce a new mechanism from October 4 for clearance of cheques within hours of being presented to banks, reducing the current time period of up to two working days.
Cheques will be scanned, presented, and passed in a few hours and on a continuous basis during business hours. The clearing cycle will be reduced from the present T+1 days to a few hours.
Cheque Truncation System (CTS) currently processes cheques with a clearing cycle of up to two working days.
To improve the efficiency of cheque clearing and reduce settlement risk for participants, and to enhance customer experience, the RBI has decided to transition CTS from the current approach of batch processing to continuous clearing with 'on-realisation-settlement'.
The Reserve Bank of India (RBI) has issued a circular for introduction of Continuous Clearing and Settlement on Realisation in CTS.
"It has been decided to transition CTS to continuous clearing and settlement on realisation in two phases. Phase 1 shall be implemented on October 4, 2025 and Phase 2 on January 3, 2026," it said.
There will be a single presentation session from 10:00 AM to 4:00 PM.
Cheques received by the branches shall be scanned and sent to the clearing house by the banks immediately and continuously during the presentation session, RBI said.
"For every cheque presented, the drawee bank shall generate either positive confirmation (for honoured cheques) or negative confirmation (for dishonoured cheques)," it said.
During Phase 1 (from October 4, 2025 to January 2, 2026), drawee banks will be required to confirm (positively/negatively) cheques presented on them, latest by the end of the confirmation session (7:00 PM), else those will be deemed to have been approved and included for settlement.
In Phase 2 (from January 3, 2026), the item expiry time of cheques shall be changed to T+3 clear hours.
Giving an example, the RBI said the cheques received by drawee banks between 10:00 AM and 11:00 AM will have to be confirmed positively or negatively by them by 2:00 PM (3 hours from 11:00 AM).
Cheques for which confirmation is not provided by the drawee bank in the prescribed 3 hours shall be treated as deemed approved and included for settlement at 2:00 PM.
RBI further said that on completion of settlement, the clearing house will release the information of positive and negative confirmations to the presenting bank.
"The presenting bank shall process the same and release the payment to the customers immediately, but not later than 1 hour from successful settlement, subject to usual safeguards," it said.
RBI directed banks to make their customers adequately aware of the changes in the cheque clearing process.
Banks have also been asked to be in readiness to participate in continuous clearing in CTS on the prescribed dates.
