5/13/2016

CBSCoreBankingSolution|BankExamsToday

Home

Current Af f airs
E nglish

P apers

Downloads

Aptitude

Quiz

Notif ications

BankExamsShortcutsPDF
FreeDownloadBankExamFormulas,PrepareTipstoSaveTimeinExam

CBSCoreBankingSolution
Publishedon6:03PM

ShareonFacebook

ShareonTwitter

ShareonGoogle+

Thiswordismoreoftenusedbybankersandnowadayspostalofficialsarealso
usingit.CBSisanacronymofCoreBankingSolutions.Againonewillwonderwhatthe
meaningofcoreis,coreisalsoanacronym.Itstandsfor"CentralizedOnline
RealtimeExchange".

http://www.bankexamstoday.com/2015/08/cbscorebankingsolution.html

1/10

5/13/2016

CBSCoreBankingSolution|BankExamsToday

Definition:
CoreBankingSolution(CBS)isnetworkingofbranches,whichenables
Customerstooperatetheiraccounts,andavailbankingservicesfromanybranchof
theBankonCBSnetwork,regardlessofwherehemaintainshisaccount.The
customerisnomorethecustomerofaBranch.HebecomestheBanksCustomer.
Another interesting fact regarding CBS is that all CBS branches are interconnected
with each other. Therefore, Customers of CBS branches can avail various banking
facilitiesfromanyotherCBSbranchlocatedanywhereintheworld.

Whatitofferstoacustomer?
Itoffersinvariablyallinformationthatabank'scustomerwouldneedifhe/shevisits
abankbranchinperson.

Theseareashereinfollows:
1.Tomakeenquiriesaboutthebalanceordebitorcreditentriesintheaccount.
2.Toobtaincashpaymentoutofhisaccountbytenderingacheque.
3.Todepositachequeforcreditintohisaccount.
4.Todepositcashintotheaccount.
5.Todepositcheques/cashintoaccountofsomeotherpersonwhohasaccount
inaCBSbranch.
6.Togetstatementofaccount.
7.Totransferfundsfromhisaccounttosomeotheraccounthisownorofthird
party,providedbothaccountsareinCBSbranches.
8.ToobtainDemandDraftsorBankersChequesfromanybranchonCBS
amountshallbeonlinedebitedtohisaccount.
9.CustomerscancontinuetouseATMsandotherDeliveryChannels,whichare
alsointerfacedwithCBSplatform.

TopCBSApplicationSoftwareProviders
1InfosysTechnologiesLtd.FinnacleistheuniversalbankingsolutionfromInfosys.
2IflexsolutionsLtd.sincelate2005itisownedbyOracle
3TCSFNS(FinancialNetworkServicesLimited)isanAustraliandeveloperand
supplierofbankingapplicationsoftware,operatinginworldmarkets.Nowownedand
managedbyTCS.
http://www.bankexamstoday.com/2015/08/cbscorebankingsolution.html

2/10

5/13/2016

CBSCoreBankingSolution|BankExamsToday

managedbyTCS.

Thus,CBSisasteptowardsenhancingcustomerconveniencethrough
anywhereandanytimebanking.
ThisarticleiswrittenbyRohanAnand
Like

Share 19,052peoplelikethis.Bethefirstof
yourfriends.

DownloadSBIClerkNotes

Join40,000+readersandgetfreenotesinyouremail

Enteryouremailaddress...

Join

morepostsaboutbanking
LatestListofIndian
banksTheirHeads
andHeadOffice

SmartNotesOnRBI

FacilitiesProvidedby

LatestListofIndian

andIt'sFunctions

India'sBank(PDF

banksTheirHeads

http://www.bankexamstoday.com/2015/08/cbscorebankingsolution.html

3/10

5/13/2016

CBSCoreBankingSolution|BankExamsToday

andIt'sFunctions

India'sBank(PDF

Version)Updated

andHeadOffice

Labels:article,banking

Commentsforthisthreadarenowclosed.

14Comments

BankExamsToday

Recommend 2

Share

Login

SortbyNewest

RahulKumar 9monthsago

Sirplzpostinhindi

Share

mukeshrawat 9monthsago

ThnxRamansirIamgoingtophotocapyofthisvaluableArticle

Share

akm 9monthsago

ATMFULLFORMUHAVEWRONGLYPOSTED

Share

RamandeepSingh

Mod >akm

9monthsago

Unabletofind

Share

http://www.bankexamstoday.com/2015/08/cbscorebankingsolution.html

4/10

5/13/2016

CBSCoreBankingSolution|BankExamsToday

Share

s.prakash 9monthsago

Sirpleaseprovideimportantnewspaperandtheircountryname.
1

Share

ArchanaAna>s.prakash 9monthsago

VisitibpspoVplanningschedule.sirgavealldetailsabtnewspaper

Share

s.prakash>ArchanaAna 9monthsago

thanks.

Share

RamandeepSingh

Mod >ArchanaAna

9monthsago

http://www.bankexamstoday.com/...

Share

RengaNathan 9monthsago

Posmeanpointofsales

Share

RAJKUMAR 9monthsago

whataretechniquesofenglish

Share

RamandeepSingh

Mod >RAJKUMAR

9monthsago

Readthishttp://www.bankexamstoday.com/...

Share

BA'ian 9monthsago

sirherewhatisPOS

Share

ArchanaAna>BA'ian 9monthsago

Pointofsales

Share

RAJKUMAR 9monthsago

sirpleaseprovidepmvisitsandprecidntandpm'softhatcountries

Share

ALSOONBANKEXAMSTODAY
http://www.bankexamstoday.com/2015/08/cbscorebankingsolution.html

5/10

5/13/2016

CBSCoreBankingSolution|BankExamsToday

CurrentAffairs11May2016
1comment2daysago

Target2016Thankyou......

SBIJuniorAssociatesPreliminary
ExamCallLettersOut
5comments2daysago

nimishasrivastavaexamkidatechnge

nhoskti?

15ErrorsIntheuseofShallandWill
6comments3daysago

sharmilaItstooconfusingsir.Howto

MixedAptitudeQuiz11(ForSBI
Clerical2016)
11comments18hoursago

rememberiteasily

ArrowSIof2yrs=8%CIof2yrs=8.16%

difference0.16%=50then
principal(100%)=(50/0.16)*100=31250

Subscribe

NewerPost

AddDisqustoyoursiteAddDisqusAdd

Privacy

Home

OlderPost

SearchThisBlog
Search

http://www.bankexamstoday.com/2015/08/cbscorebankingsolution.html

6/10

5/13/2016

CBSCoreBankingSolution|BankExamsToday

2 BHK Apartment

Moula Ali, Hyderabad

Rs. 20.0 Lacs

Explore

2 BHK Apartment

Moula Ali, Hyderabad

Rs. 27.0 Lacs

Explore

2 BHK Apartment

Moula Ali, Hyderabad

Rs. 36.0 Lacs

Explore

Sponsors

http://www.bankexamstoday.com/2015/08/cbscorebankingsolution.html

7/10

5/13/2016

CBSCoreBankingSolution|BankExamsToday

Wanttoshareanythingwithus?
Youcanreachusat

raman@bankexamstoday.com

MonthlyGKDigest
Feb2016
Jan2016(English&Hindi)
Dec2015
Nov2015
GKDigest2015
October2015
September2015
August2015Digest
July2015
JuneDigest

AboutMe
http://www.bankexamstoday.com/2015/08/cbscorebankingsolution.html

8/10

5/13/2016

CBSCoreBankingSolution|BankExamsToday

My name is Ramandeep Singh. I

love to help people preparing for
Bank exams.
Join40,000studentsandgetfree
notesinPDF
Enteryouremailaddress...

Join

GeteBooks(Notes)
MarketingAwarenessRs30
ComputerAwarenessRs40
DescriptivePaperRs30
BankingAwarenessRs40
CompletepackageRs250
DataInterpretationRs40

http://www.bankexamstoday.com/2015/08/cbscorebankingsolution.html

9/10

5/13/2016

CBSCoreBankingSolution|BankExamsToday

HOM E

ABOUT

S I TE M AP

C O N TA C T U S

J O B S @ B A N K E X A M S T O D AY

S P ONS OR US

MadewithinLudhiana
Copyright2016BankExamsToday.AllRightsReserved.AuthoredBy RamandeepSingh

http://www.bankexamstoday.com/2015/08/cbscorebankingsolution.html

10/10