“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 ...

MUMBAI: The Reserve Bank of India will hold a special session on October 3 to test the system capabilities of banks for the new lower time lags for the cheque truncation system that will come into ...

State Bank of Pakistan has targeted the implementation of cheque truncation and electronic clearing in the country by 2007. For this purpose, NIFT conducted a seminar for the members of Pakistan Banks ...

The RBI Governor Shaktikanta Das proposed to transition CTS from the current approach of batch processing to continuous clearing. Soon, the cheques you deposit with your bank branches will be cleared ...

During 2024-25, the RBI had added 54.13 metric tonnes of gold. The Reserve Bank of India has introduced real-time clearing of cheques. However, technology integration glitches, inadequate training of ...