RBI delays Phase 2 implementation of Cheque Truncation System to give banks more time to streamline operations.
RBI on Wednesday postponed phase 2 of its nationwide faster cheque clearance system, citing banks’ lack of operational ...
The Reserve Bank of India (RBI) has postponed the January 3, 2026 deadline for implementing faster cheque clearance under its ...
Press Trust of India on MSN
RBI postpones 2nd phase of quicker cheque clearing mechanism
The Reserve Bank on Wednesday postponed implementation of the second phase of the faster cheque clearance mechanism to ...
The RBI has extended the deadline to implement the second phase of faster clearance of cheques. Hence, customers can continue ...
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 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 ...
The Reserve Bank of India has postponed the second phase of the faster cheque clearing mechanism to allow banks more time to ...
" We have gone live today and what basically this means is that all cheques both local and upcountry are on the same clearing zone," said Kenya Bankers Association chief executive Mr. Habil Olaka. "I ...
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