Tomorrow marks the dawn of a new era as the banking industry changes how cheques are processed and cleared. From Wednesday, Kenyan banks will electronically process and clear cheques, removing the ...

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 ...

New Delhi: The Reserve Bank Of India (RBI) has issued notification on Introduction of Continuous Clearing and Settlement on Realisation in Cheque Truncation System, thus allowing for your cheques to ...

New Delhi: The Reserve Bank of India (RBI) is set to implement same-day cheque clearing mechanism, effectively from from, October 4, to enable cheque clearance within a few hours of being presented, ...

The Reserve Bank on Wednesday postponed implementation of the second phase of the faster cheque clearance mechanism to provide more time to banks to streamline their operations. Photograph: Francis ...

The Reserve Bank of India (RBI) has postponed the implementation of Phase 2 of Continuous Clearing and Settlement on Realisation in Cheque Truncation System (CTS) until further notice. The central ...

MUMBAI: RBI on Wednesday postponed phase 2 of its nationwide faster cheque clearance system, citing banks’ lack of operational readiness after issues in faced by some banks in phase 1. Phase 2 of the ...