There has been a spate of ads and announcements over the last 3-4 weeks by banks in India about the introduction of the new Cheque Truncation System, CTS-2010, from the new year. For the uninitiated, ...
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 ...
Here comes a piece of good news for bank customers. The RBI says banks will clear cheques within few hours from October 4. The central bank said it will introduce a new mechanism from October 4 for ...
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