Mumbai, March 28 -- The Reserve Bank of India has asked all agency banks to mandatorily participate in the special clearing operations on March 31, the last day of the current financial year, to facilitate accounting of all government transactions for the fiscal. "It is mandatory for all banks to participate in the special clearing operations on March 31, 2025. All the member banks of CTS are also required to keep their inward clearing processing infrastructure open during the Special Clearing hours and maintain sufficient balance in their clearing settlement account to meet settlement obligations arising out of the Special Clearing," RBI notification stated. India follows the April 1-March 31 financial year. All Government transactions don...