1.

Banking operations became easy and people friendly with core hanking. Explain.

Answer»
  • Core banking is a banking facility under which the branches of all the banks are brought under a central server so that banking services from one bank to another is made possible. It operates with the help of internet. 
  • Facilities like ATM, debit card, credit card, net banking, telebanking, mobile banking, etc. are brought together through core banking.Naturally transactions have become simple. 
  • Making use of this facility, an individual can send money from his account to his friend’s account else where. 


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