In regard to the implementation of ‘Core Banking’ and ‘Electronic Banking’ banks have made considerable progress in recent years as far as the centralization of customers’ accounts are concerned; however, we can also think of making it more useful by expanding the coverage of Core Banking Systems (CBS) and all the essential services / banking products like treasury, Customer Relationship Management (CRM), Corporate Banking, Management Information Systems (MIS), etc.
getting seamlessly integrated into the present CBS. The offering of electronic banking service channels like Internet Banking, Mobile Banking, real time fund transfer, ATM Applications and other forms of upcoming electronic banking channels have become important vehicles of offering banking services in a cost-efficient manner with wide geographical spread; enhancing the banks’ reputation and brand building addressing the competitive forces as well.