Some of the main features of core banking are managing and calculating interest rates, recording and processing cash withdrawals, loan processing, opening new accounts in the bank, clearing cheques, payments etc.You can read about The Reserve Bank of India: Functions and Composition in the given link.
Further readings:
- Non Performing Assets (NPA) – Facts for UPSC GS-III
- Monetary Policy – Objectives, Roles and Instruments
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Statutory Liquidity Ratio (SLR) – Definition, Objectives, Impacts |
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