what is meant by centralised banking?
can anybody provide me informations regarding centralised banking?
A-G-V
(Student)
(571 Points)
Replied 22 May 2010
I think what u refer is CBS. It is termed as Core Banking Solution and also often termed as Centralsied Banking Solution.
If a bank is CBS then its customers can transact from any of its branches in India. U can withdraw cash, deposit cash cheque & everything in any of the branches of the india. Previously the accountholder did not have such facility and he has to transact essentially in the branch where his account was maintained. Also with the help of CBS it is possible for the Head Office, Regional Office etc to view the transactions, business & conduct of any branches from their workplace itself.
Aravind..
(CA)
(1262 Points)
Replied 22 May 2010
thank you Albus..
can you tell me where can i get more details about it?
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