Questions are emerging over the efficiency of the much touted cheque truncation system. It had been expected that with the new system in place, bank customers countywide would enjoy shorter cheque ...
In a circular issued on December 24, the RBI said the second phase of the Continuous Clearing and Settlement (CCS) framework ...
RBI introduced continuous clearance under the Cheque Truncation System (CTS) to make cheque clearing faster and smoother by ...
The RBI has extended the deadline to implement the second phase of faster clearance of cheques. Hence, customers can continue ...
The Reserve Bank of India (RBI) has indefinitely postponed the January 3, 2026, rollout of Phase 2 for the Continuous ...
The Reserve Bank of India has postponed the second phase of the faster cheque clearing mechanism to allow banks more time to ...
Pune: Account holders and merchants continue to face delays in cheque processing under the newly implemented single presentation cheque clearance system, despite the National Payments Corporation of ...
The FINANCIAL — The UAE Central Bank on July 13 said it has implemented the new electronic image-based cheque clearing system, the Image Cheque Clearing System (ICCS), from July 12, thereby reducing ...
The Central Bank of Nigeria (CBN) has lifted suspension placed on cheque instruments in the Nigerian clearing system. Consequently, cheque instruments will be allowed to pass through the clearing ...
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