Doubt for crore banking system

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Kollipara Sundaraiah

Kollipara Sundaraiah (Querist)
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18 May 2024 Sir,
What is the meaning of crore banking system

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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18 May 2024 I think, you mean to ask about CORE banking....
The term CORE stands for Centralized Online Real-time Environment, which implies that the customer can experience the bank as a single entity, regardless of their location – with the aim to provide more independence for the customers in terms of using their accounts and conducting transactions from any of their branches.
Core banking can be defined as a back-end system that processes banking transactions across the various branches of a bank.

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