What is Core Banking

Core banking is a relatively new concept which has emerged due to great technological advancement which has happened in the past decade. It refers to system of banking where the customer can operate his or her account in any branch of the bank and hence there is no need to go for doing you transactions to the branch where you have open your account rather you can go to any branch of the bank and hence it is very convenient for the customer. This is the reason why majority of banks are providing core banking to its customers as it is not a luxury now but a necessity.

0 comments… add one

Leave a Comment

Related pages

advantages and disadvantages of lifo methoddisadvantages of organizational chartadvantage of lifowhat is consignment in accountingmeaning of demand depositsreport on opening a demat accountentry for prepaid insurancedefine materiality conceptdifference between order cheque and bearer chequeadvantages of b2b marketingthe disadvantages of democracyadvantages and disadvantages of hedge fundshow to record accrued revenueproduct bundling strategyformula for profitability ratioroce formulamarketing skimming strategyinferior and normal goodsadvantages and disadvantages of being an accountantbalance sheet investopediadefinition of controlled economyleadership autocraticunsystematic risk definitiondifference between inferior and normal goodsadvantages of venture capital financingnarendra modi wiki in hindi languageadvantages and disadvantages of autocratic leadershiptypes of financial guaranteesadvantages of debit cardswhat is the difference between implicit and explicit costjournal entry of outstanding expenseswhat is capm in financial managementdistinguish between assets and liabilitiesadvantages and disadvantages of traditional bankingdisadvantages of target marketingcharacteristic of managerial accountingcrossed chequeexpenses meaning in hindiwhat is vertical analysis in accountingskimming the marketsocialism advantagescapitalism socialism and mixed economywhat is systematic and unsystematic riskdifference between fdi and fiireceived advance payment journal entryjournal entry for salary paidsubstitution effect and income effect examplessystematic vs unsystematic riskcost based pricing advantages and disadvantagesinelastic goods examplesadvantages and disadvantages of transfer pricingwhat is the meaning of consigneereal world example of monopolistic competitiondifferentiate between fixed cost and variable costmateriality principle accounting definitionjournal entry of bills receivableadvantages and disadvantages of loanslong form of micrdefine draweequota tariffexplain privatisationslums curse to urbanisationdisadvantage of break even analysisdrawbacks of online bankingindustrialization disadvantagesdifference between joint venture and partnershipexchange rate quotationsdisadvantages of fifodistinguish between revenue and capital expendituresdisadvantages of activity based budgetingdisadvantages of advertisementprivatationsdisadvantages of rural areasprepaid accounting entryreal nominal personal accounts rules