BANKING AFFAIRS

Detailed explanation-1: -Adopting of Core Banking Solution is an innovative mechanism adopted by banks to meet the targets fixed for lending to priority sector by the Banks. Core banking solution is adopted to provide services to customers so that customer can avail bank services from any of the branches of the banking company.

Detailed explanation-2: -Small Finance Banks However, lending to Medium Enterprises, Social Infrastructure and Renewable Energy shall be reckoned for priority sector achievement only up to 15 per cent of ANBC. 75 per cent of ANBC. 18 per cent of ANBC or Credit Equivalent Amount of Off-Balance Sheet Exposure, whichever is higher.

Detailed explanation-3: -Core banking can be defined as a back-end system that processes banking transactions across the various branches of a bank. The system essentially includes deposit, loan and credit processing.

Detailed explanation-4: -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.