Cheque transactions 2.6% down
The value of transactions carried out through cheques declined by 2.6 per cent to Rs 1,01,33,000 crore in 2010-11 and only Delhi and Bangalore, among the major centres, reported a rise in value of clearances in the financial year.
Transactions worth Rs 1,04,09,000 crore were carried out in the country during the previous financial year, as per the latest data from the Reserve Bank.
However, the total number of cheques cleared by banks across the country rose marginally by 0.4 per cent in 2010-11. Over 1,38,000 crore cheques were cleared by banks across the country last fiancial year as against 1,30,000 crore in 2009-10.
Among the major banking regions, Mumbai reported the highest value of transactions through cheques in 2010-11. Banks witnessed cheque transactions worth almost Rs 17,07,000 lakh crore in the region as against Rs 19,39,000 crore, a decline of almost 19 per cent.
Delhi, however, reported a rise of over 10 per cent in transactions through cheques at almost Rs 14,40,000 crore in 2010-11 against Rs 12,99,000 crore in the previous fiancial year.
In Bangalore, the value of transactions through cheques went up to Rs 4,74,000 crore in the last fiancial year from Rs 4,58,000 crore in 2009-10.
But transactions saw a fall in the other major regions – Chennai, Ahmedabad and Hyderabad.
In Chennai, cheque transactions in 2010-11 fell by almost 13 per cent to nearly Rs 5,50,000 crore from Rs 6,31,000 crore in the previous fiancial year.
Transactions through cheque amounted to Rs 4,10,000 crore in Ahmedabad in 2010-11, down 9.30 per cent from the Rs 4,52,000 crore in 2009-10.
In Hyderabad, the value of transactions by cheque went down by 5.2 per cent to Rs 3,32,000 crore in the last fiancial year compared to Rs 3,51,000 crore in 2009-10.
Among smaller regions, Bhubaneshwar, Chandigarh, Jammu, Patna and Jaipur saw a growth in cheque transactions in 2010-11, while the figures in Bhopal, Guwahati, Kanpur, Nagpur and Thiruvananthapuram witnessed a dip.
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