KCA suspends S Sreesanth for three years over remarks in Sanju Samson row
Thiruvananthapuram, May 2 (PTI): The Kerala Cricket Association (KCA) has suspended former India pacer S Sreesanth for three years for allegedly making false and derogatory statements against it in connection with the controversy surrounding Sanju Samson’s omission from the Indian team for the Champions Trophy.
In a statement, the KCA said the decision was taken at its special General Body meeting held in Kochi on April 30.
Sreesanth is currently a co-owner of Kollam Aeries, a franchise team in the Kerala Cricket League.
Earlier, in relation to his controversial remarks, show-cause notices had been issued to Sreesanth as well as to the franchise teams Kollam Aeries, Alappuzha Team Lead, and Alappuzha Ripples.
"Since the franchise teams gave satisfactory responses to the notices, no further action will be taken against them. However, the meeting decided to advise greater caution when appointing members to team management," the statement said.
The General Body also resolved to file a compensation claim against Sanju Samson's father, Samson Vishwanath, and two others for making baseless allegations using Sanju Samson’s name, it added.
The KCA had issued a show-cause notice to Sreesanth--who was part of the India squad that won two World Cup titles--for his remarks linking the state cricket body and Samson during a panel discussion on a Malayalam television channel.
In a statement, the KCA had clarified that the notice was not issued for supporting Samson but for making misleading and defamatory comments against the association.
During the televised discussion, Sreesanth allegedly pledged his support to Samson and vowed to protect him and other Kerala players, while levelling accusations against the KCA.
His remarks came amid criticism of the KCA for dropping Samson from the Kerala squad for the Vijay Hazare Trophy, which was believed to have affected his chances of being selected for India’s Champions Trophy team.
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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.
