Core Banking - 1387 Words

Core Banking System Meaning:- Core banking is a general term used to describe the services provided by a group of networked bank branches. Bank customers may access their funds and other simple transactions from any of the member branch offices. Core Banking system or CBS is one of the recent developments in the field of banking, and has proved to be very useful. It is a facility provided by banks in which a person, having an account in one branch, can operate his account, in another branch. This has become possible, because each account holder is given a specialised, computerised and unique account number. In simple terms, CBS is a type of banking, in which a person, who opens a bank account in a particular branch of a bank,†¦show more content†¦This, essentially, is what gives central banks leverage over interest rates. Central banks try to control inflation by moving a short term interest rate, typically the overnight interest rate in the interbank market. Expectations of future short term interest rates then determine long term interest rates. †¢ Controlling the nation s entire money supply Through open market operations, a central bank influences the money supply in an economy directly. Each time it buys securities, exchanging money for the security, it raises the money supply. Conversely, selling of securities lowers the money supply. Buying of securities thus amounts to printing new money while lowering supply of the specific security. †¢ The Government s banker and the bankers bank (lender of last resort) It acts as a banker to both the state and the central government in India. It has the exclusive right to issue currency, notes in the country. All the commercial banks operating in India are mandatory to keep a cash reserve with RBI. Further, they have to maintain their current accounts with it. As a banker s bank, the Reserve Bank of India facilitates the clearing of cheques between commercial banks and helps in interbank transfer of funds. It also acts as Lender of Last Resort by providing emergency advances to banks. †¢ Managing the country s foreign exchange andShow MoreRelatedCore Banking Solution2057 Words   |  9 PagesYou are here:  Homegt;Collectionsgt;Core Banking Core Banking RELATED KEYWORDS: * Function * Icici Bank * Cheque * Kapil Sibal * Recession * |  More Ads by Google * Call India from Computer1.6 ¢/Min to Any Phone in India. No Hidden Fees. Try for Only $2!www.PhoneIndia.com * LED Lights WholesalerAll LED Light with CE Certification Export to gt;100 countries. Buy Now!www.ChineseLight.com * Multichannel BankingInnovate with CR2 s latest solution for ATM, InternetRead MoreCore Banking Solutions12901 Words   |  52 PagesProject: Importance And Applications Of Core Banking Solutions (CBS) Objectives of the Project Work: The major objectives of this project work are to: †¢ To evaluate the advantages and disadvantages of CBS over traditional banking system †¢ To explore the technology used in CBS with special reference to Shreyas Grameen Bank. †¢ To identify and discuss various issues related with the automization of Banks. †¢ To define various Core Banking Services provided by Indian BanksRead MoreManaging Core Risks in Banking8625 Words   |  35 PagesMANAGING CORE RISKS IN BANKING: ASSET-LIABILITY MANAGEMENT (ALM) BANGLADESH BANK Asset Liability Management Policy Asset Liability Management (ALM) is an integral part of Bank Management; and so, it is essential to have a structured and systematic process for manage the Balance Sheet. Banks must have a committee comprising of the senior management of the bank to make important decisions related to the Balance Sheet of the Bank. The committee, typically called the Asset Liability Committee (ALCO)Read MoreThe Implementation Of International Accounting Standards1424 Words   |  6 Pagesthat an agreement is possible on a core set of financial standards and that they too are embraced by securities regulators as compulsory for foreign issuers, the road to commonality has at least two other impediments. The first problem derive from the flexibility that the IOSCO disclosure standards unequivocally grant to the securities regulators of the host country in a cross-border share offering. These standards cogitate that the core disclosure document will undertakeRead MoreAssisted A Based Custody Bank s Core Banking And Payments Platforms1559 Words   |  7 Pages†¢ Assisted a PwC team’s effort to develop recommendations to modernize a large US based custody bank’s core banking and payments platforms (i.e., wire transfer, ACH). During this engagement I assessed payment technology options and helped determine the costs and benefits of various investment scenarios. The client is currently leveraging our deliverables and recommendations to perform an in depth review of a subset of modernization options †¢ Led 2015 resolution planning for the payment and securityRead MoreMarketing Sense Of Strategy : Barclays And The National Bank Of Egypt1540 Words   |  7 Pagesof the SWOT analysis and business positions would analyze the sights and core values of both the banks. However, there might be the case that one of the two banks has more advantages and differentiation strategies over the other. The analysis would critically examine and portray the image that is being perceived by its consumers. The suggestion would be recommended in order to achieve a higher position and level in the banking industry. The critical understanding and reviewing of both the well-knownRead MoreManagerial Accounting Essay705 Words   |  3 PagesTHE BARCLAYS BANK Barclays bank is one of the British multinational financial and banking service business companies that have its headquarters in London. In connection to that, there are various duties or roles that the above bank’s manager does in ensuring that the daily activities of the bank run smoothly. The Barclays Bank manager is regarded as being the heart of the banking services offered by this organization. Typically, his or her responsibility entails managing the customers’ financesRead MoreBank Regulations : The Backbone Of The U.s. Economy1102 Words   |  5 Pagesinstruments that help them stay open and be profitable. In the 1990s, interstate banking was finally permitted to create nationwide banks of unprecedented size. Congress s also attempted to force banks to make home loans to people who had limited creditworthiness. These regulations are a major factor in why as many banks failing and disappearing today as we did pre Federal Reserve System. Bank regulations are based on a general core of principles. Banks have two important economic functions. First, theyRead MoreMicrofinance And Financial Inclusion : Microfinance1305 Words   |  6 Pageslala/ money lenders. 5. Technology to Connect People with Banking System for FI To achieve FI, the critical issue in the first place, is to connect people with banking system. This is aimed through the SHG Bank Linkage Programme. Given the experience so far in promoting FI through SHG bank linkage there is a need to appreciate and recognize that the FI is not just credit dispensation, it’s about connecting the people with the banking system for availing bouquet of financial services includingRead MoreCOMMERCIAL BANKS AND NEW CAPITAL REGULATION Essay1050 Words   |  5 Pages Global Banking System 2.3.2. Banking System in Australia 2.3.3. Banking System in (Japan, India or USA?) 3. Conclusions and Recommendations (200) Reference List 1. Introduction Commercial banks are the main type of financial institution that operates within a financial system. Because of the importance of commercial banks in supporting economic growth, the regulators have prescribed prudential standards for supervision of the banking sector. One