1. It is a networking of a bank's branches which enables customers to operate their accounts from any branch of the bank on its network regardless of where they open their accounts. |
2. It is an effort to increase RBI's control over commercial banks through computerization. |
3. It is a detailed procedure by which a bank with huge non-performing assets is taken over by another bank. |
A) 1 only
B) 2 and 3 only
C) 1 and 3 only
D) 1, 2 and 3
Correct Answer: A
Solution :
(i) Core Banking Solution (CBS) is networking of branches, which enables Customers to operate their accounts, and avail banking services from any branch of the Bank on CBS network, regardless of where he maintains his account. The customer is no more the customer of a Branch. He becomes the Bank's Customer. Thus CBS is a step towards enhancing customer convenience through anywhere and anytime banking.You need to login to perform this action.
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