Reserve Bank of India (RBI) has been in the forefront of adopting technology for making the payment systems in the country efficient, modern and robust...
State Bank of India (SBI), the bank managing most number of clearing locations, was advised by RBI to lead the initiative to develop a new application. The application Express Cheque Clearing System (ECCS) has been developed by M/s Image InfoSystems Private Limited. The technical and commercial aspects of ECCS have been vetted by Steering Committee comprising of senior executives from SBI, other Clearing House managing banks, National Payments Corporation of India (NPCI) and National Clearing Cell, Nariman Point, RBI, Mumbai and is successfully running at a few Clearing Houses as well...
5. Return versus Presentation - MIS Support, prevents fresh items being presented in the returns cycle.