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The above development comes in the wake of challenges in the implementation of Phase 1. The Reserve Bank of India (RBI) has postponed the implementation of Phase 2 of Continuous Clearing and Settlement on Realization in Check Truncation System (CTS) until further notice. The central bank said this is to give banks more time to […]
Bag per modalities for continuous clearing with on-realization settlement in CTS, there will be a single (check) presentation session from 10 a.m. to 4 p.m. Photocredit: Dhiraj Singh The RBI has decided to switch the Check Truncation System (CTS) to “Continuous clearance with on-realization settlement” in two phases, with the first phase that starts on […]
