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 ...

The much-awaited operationalisation of the cheque truncation project has been pushed forward by two more months, following low compliance rate with the electronically designed cheques. The cheque ...

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 ...

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 ...

MUMBAI: The Reserve Bank (RBI) has deferred the rollout of the phase 2 of its faster cheque clearance framework, which was scheduled to be effect January 3, 2026, under which banks were to ...