BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank bagged the Core Banking System Initiative Award for the year 2014 at the Asian Banking and Finance-Retail Banking Awards 2014?
A
SBI
B
ICICI Bank
C
Bharathiya Mahila Bank
D
Standard Bank
Explanation: 

Detailed explanation-1: -Backbase is the creator of the Backbase Omni-Channel Banking Platform, a digital banking software solution that unifies data and functionality from traditional core systems and new fintech players into a seamless, digital customer experience.

Detailed explanation-2: -Detailed Solution Core Banking Solution (CBS) is a networking of bank branches, which allows customers to manage their accounts, and use various banking facilities from any part of the world.

Detailed explanation-3: -In the late 1980s, the then deputy governor of Reserve Bank of India (RBI) Dr C Rangrajan implemented the concept of core banking in India. It formed a platform for facilities like telebanking, off-site ATM’s and customer terminal.

Detailed explanation-4: -India’s first women’s bank, Bharatiya Mahila Bank was inaugurated in Mumbai by Prime Minister Dr.

There is 1 question to complete.