Mumbai, Dec 24 (IANS) The Reserve Bank of India (RBI) announced on Wednesday that it has postponed the implementation of Phase 2 of the faster cheque clearance framework by banks, which was scheduled to begin from January 3, 2026. “Implementation of phase 2 is being postponed until further notice, to allow more time to banks to streamline their processes,” according to the RBI statement.Phase 1 of the system, which was implemented earlier this year, will continue to operate as usual.The RBI …
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