Any Branch Banking

Core banking refers to a centralized system established by a bank which allows its customers to avail their banking services irrespective of the bank’s branch.

Benefits of Core Banking

• Limited Professional manpower to be utilized more effectively

• Customer can do banking from anywhere and through any channel which is more convenient

• More Strong and economical way for generating MIS

• Reduced manpower requirements for routine banking transactions resulting in better utilisation of manpower

• Additional manpower available for marketing, recovery and personalised banking

• Instant information availability for decision support

• Improved Recovery Process resulting in reduction on recovery costs and NPA provisions

• Innovative, redefined or improved processes (e.g. Inter Branch Reconciliation) resulting in reduction in manpower at Head Office Reduction in Software maintenance at Branches and Head Office

• Centralised Printing and Backup resulting in reduction in capital and revenue expenditures on printing and backup devices and media at branches

• Electronic Transfers with other Financial Institutions

• Increased speed in working resulting in more business opportunities and reduction in penalties and legal expenses etc

• Easy implementation and introduction of new services

• Enhanced security feature implementation resulting in customer confidence

• High speed servers and backup server facilities to provide uninterrupted services to the customer