RBI delays Phase 2 implementation of Cheque Truncation System to give banks more time to streamline operations.

In the second phase, the banks are required to clear cheques within three hours of realisation in the cheque truncation ...

RBI has deferred Phase 2 of continuous cheque clearing to give banks more time, and modified presentation hours to 9 am-3 pm ...

RBI introduced continuous clearance under the Cheque Truncation System (CTS) to make cheque clearing faster and smoother by ...

The Reserve Bank of India has postponed the second phase of the faster cheque clearing mechanism to allow banks more time to ...

The Reserve Bank has postponed the second phase of the faster cheque clearance mechanism to allow banks more time to streamline operations. Originally set for implementation on January 3, banks are ...

RBI delays the second phase of the faster cheque clearance mechanism (CTS) to give banks more time to streamline operations.

The second phase of the 'Continuous Clearing and Settlement on Realisation in Cheque Truncation System' was to be implemented ...

The cheque Truncation System (CTS) was initially scheduled to go live in June, but was pushed forward to August 15 following low compliance rate. This was attributed to printing constraints, which ...

“To facilitate transition to continuous clearing, it has been decided to modify session timings and conduct special clearing in the cheque truncation system (CTS) on October 3,” RBI said. MUMBAI: The ...