Still to be catered to market for CTS in India:________________________Rs 500 crore
[CTS or Cheque Truncation System : eliminates the need for physically sending cheques. Instead only an electronic image is transmitted. On the basis of this image, payment advice is made and settlement is done. It results in faster realization of outstation cheques. Among key users of CTS in India is the Reserve Bank of India, RBI. Key player providing CTS solutions is VSoft]
No comments
Post a Comment