Transactions by cheques up marginally in April: RBI

Cheque transactions worth over Rs 8.66 lakh crore were carried out in the country during April, 2011, a growth of over 0.7 per cent from the same month last year.

Banks had cleared cheques worth almost Rs 8.60 lakh crore in April 2010, as per the latest data from the Reserve Bank.

However, the total number of cheques cleared during April fell by over 6.6 per cent as against the same month of last year.

A total of 1,097.5 lakh cheques were cleared by the banks during the month under review compared to 1,175.3 lakh in the corresponding month of 2010.

In April, the Mumbai region reported the highest number of cheque clearances. Banks cleared a total of 195.1 lakh cheques with a value of over Rs 1.49 lakh crore, it said.

This was followed by Delhi region which reported 129

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