Banking | RBI approach paper on cheques clearing soon

Banking | RBI approach paper on cheques clearing soon
PTI
Comment E-mail Print Share
First Published: Mon, Mar 23 2009. 10 47 PM IST
Updated: Mon, Mar 23 2009. 10 47 PM IST
Mumbai: The Reserve Bank of India (RBI) plans to come up with an approach paper soon to encourage migration of high-value cheques clearing operations to an electronic platform, its deputy governor Shyamala Gopinath said on Monday. This will help significantly reduce the clearing time required for high-value transactions, besides minimizing related risks, Gopinath said at a seminar here.
Comment E-mail Print Share
First Published: Mon, Mar 23 2009. 10 47 PM IST