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Question
Many times we read a term CBS used in banking operations. What is the full form of the letter 'C' in the term 'CBS'?
Many times we read a term CBS used in banking operations. What is the full form of the letter 'C' in the term 'CBS'?
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Solution
The correct option is D Core
Core Banking Solutions (CBS) or Centralised Banking Solutions is the process which is completed in a centralised environment i.e. under which the information relating to the customer's account (i.e. financial dealings, profession, income, family members etc) is stored in Central server of the Bank (that is available to all the networked branches) instead of the branch server.
Core Banking Solutions (CBS) or Centralised Banking Solutions is the process which is completed in a centralised environment i.e. under which the information relating to the customer's account (i.e. financial dealings, profession, income, family members etc) is stored in Central server of the Bank (that is available to all the networked branches) instead of the branch server.
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