Banking | RBI approach paper on cheques clearing soon
Banking | RBI approach paper on cheques clearing soon
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.
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