Core Banking Solution(CBS) provides:begin{enumerate}item multiple delivery channels to the customers.item better MIS and reporting to external agencies such as government, RBI, etc.item better asset liability management and risk management by banks.end{enumerate} Select the answer from the codes given below:

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Core Banking Solution(CBS) provides:

A	1 and 2
B	2 and 3
C	1 and 3
D	All of the above

Explanation:

Detailed explanation-1: -Minimum features of Core Banking Solution: Interest. Calculation and management. Payments processing (cash, cheques /checks, mandates, NEFT, RTGS etc.). Customer relationship management (CRM) activities.

Detailed explanation-2: -Core Banking Solution (CBS) is the networking of bank branches, which allows customers to manage their accounts, and use various banking facilities from any part of the world. In simple terms, there is no need to visit your own branch to do banking transactions.

Detailed explanation-3: -The core banking solution of the Reserve Bank of India (RBI) is the E-kuber. It enables commercial banks to access their current account with the RBI, at any time, from any place.

Detailed explanation-4: -Core banking functions will include transaction accounts, loans, mortgages and payments. Banks make these services available across multiple channels like automated teller machines, Internet banking, mobile banking and branches.

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