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what is core banking?
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Answer / sameer.d.ghadge
Core Banking is normally defined as the business conducted
by a banking institution with its retail and small business
customers. Many banks treat the retail customers as their
core banking customers, and have a separate line of
business to manage small businesses. Larger businesses are
managed via the Corporate Banking division of the
institution.Core banking basically is depositing and
lending of money.
| Is This Answer Correct ? | 23 Yes | 5 No |
Answer / s singh
core banking is all the branches of the banks are connected
to each other and a customer of the bank can do transactions
from any of the branches i.e the customer is not specific to
a branch to will be the customer for the bank.
| Is This Answer Correct ? | 3 Yes | 0 No |
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