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  News for Cheque Truncation System

  • Business

Know all about the cheque truncation system

Considered to be a major milestone in the history of Indian banking, Cheque Truncation System aims to make cheque clearance more efficient and reduce the clearance time of cheques to one day,......

RBI extends deadline for new cheques

The Reserve Bank of India ( RBI) has extended the deadline for implementing the Cheque Truncation System-2010 (CTS-2010) by another three months. This is the second such extension.Banks have now......

What is cheque truncation all about?

Cheque Truncation Solution is a big milestone in the Indian banking industry. It enables cheque clearing on the same day, reducing floating time available for funds.The technology, being......

Banks to have cheque imaging system soon

US-based Bankserv Inc is in talks with its Indian partner aurionPro Solutions to offer rupee cheque imaging for the Indian market.Bankserv is targeting Indian banks as it plans an investment to the......

RBI to start cheque truncation project in Delhi

The Reserve Bank of India is expected to kick off the pilot project on cheque truncation, which eliminates physical movement of cheques, in Delhi over the next 9-12 months."We have invited tenders......

  People speak for cheque truncation system

  • QNA
Shikha Aggarwal
Q. what is CTS & its benefits?
Shikha Aggarwal:  A.  more

Q. c t s mains
SUJITKUMAR:  A. Cheque Truncation System (CTS) or Image-based Clearing System (ICS), in India, is a project undertaken by the Reserve Bank of India RBI, for...... more

Q. what is MICR CTS clearing?
SUJITKUMAR:  A. CTS stands for Cheque Truncation System. The old paper clearing system is replaced by an electronic data based and electronic image exchane based...... more

  Web results for Cheque Truncation System
Payments in India A Continuing Journey

Progress over the Last Few Years India has seen RTGS volumes grow at 21% CAGR for the last four years with the number of participant banks... ...
Federal Bank independent director

The former CMD of Allahabad Bank, Shubhalakshmi Panse, has joined the board of directors of Federal Bank as an independent director. She was... ...
Moving towards agility

Industry trends, viewpoints and thought leadership articles. Read what the experts in banking and technology have to say. New Thought Papers... ...
Technology banking services in City at par with global standard

— By , May 27, 2014 01:31 am Banking network will increase as per the future requirement Banking sector lacks experienced people after bulk of... ...
Cheque clearing plaints force review of uniform holiday calendar

Customer complaints of delay in clearing instruments have forced a review of the uniform holiday calendar for the cheque truncation system (CTS) at... ...

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