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Banking operations become easy with core banking. Explain.

Answer»

Core banking is a banking facility under which all the branches of the banks are brought under a central server to enable transactions from one bank to another. It operates with the help of internet. Making use of this facility, an individual can send money from his account to his friend’s account in another place. Facilities like ATM, debit card, credit card, net banking, telebanking, mobile banking, etc. are brought under one umbrella through core banking. This made bank transactions easy.



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