What is Core Banking

Core banking is a relatively new concept which has emerged due to great technological advancement which has happened in the past decade. It refers to system of banking where the customer can operate his or her account in any branch of the bank and hence there is no need to go for doing you transactions to the branch where you have open your account rather you can go to any branch of the bank and hence it is very convenient for the customer. This is the reason why majority of banks are providing core banking to its customers as it is not a luxury now but a necessity.

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