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

The Cheque Truncation System goes live in the next 18 days. This will see old cheques replaced with new design cheques that are compliant with truncation system. Kenya Bankers Association (KBA) Chief ...

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

The new system was part of the RBI’s broader effort to modernise cheque-based transactions and reduce settlement delays for ...

The Reserve Bank on Wednesday postponed implementation of the second phase of the faster cheque clearance mechanism to ...

RBI on Wednesday postponed phase 2 of its nationwide faster cheque clearance system, citing banks’ lack of operational ...

“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 ...

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

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 ...

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 ...