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RBI asks banks to issue CTS 2010 standard cheques from Apr 1

Last Updated: Tuesday, December 27, 2011, 21:13

The Reserve Bank on Tuesday directed all banks to issue cheques conforming to Cheque Truncation System (CTS) 2010 standard with uniform features from April 1, 2012, onwards.

Value of cheque transactions down 6% in October: RBI

Last Updated: Sunday, December 18, 2011, 10:40

Banks had cleared cheques worth Rs 9.07 lakh crore in October, 2010, according to the Reserve Bank of India (RBI).