Core Banking Solution (CBS) is simply the networking of bank branches which allows customers of the bank to operate their account from anywhere irrespective of where he or she has opened his bank account. With the introduction of the core banking solution, we are no longer customers of the particular branch where we have opened our account rather we are now the customers of the bank.

As the word Core of the CBS stands for Centralised Online Real-time Exchange, so with the help of CBS bank branches are connected to a centralised network with all the information available on the central server. It helped to lessen the headache of bankers as well as the customers by automatic functions like recording transactions, passbook maintenance, interest calculation on loans and deposits, maintaining the record of customers, etc can be done more conveniently by the bankers, while from the customer’s point of view it has enabled us to access our account anytime from anywhere through internet banking, phone banking, ATM machine, Point of sale terminal, etc.

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Some of the important core banking solutions are named as:

  • Finacle from Infosys
  • BaNCS form TCS (SBI uses this)
  • Intellect Suite from Polaris
  • Flexcube from iFlex Solutions

e-Kuber is the Core Banking Solution of Reserve Bank of India. E-Kuber provides the provision of a single current account for each bank across the country, with decentralised access to this account from anywhere-anytime using portal based services in a safe manner.  

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