It is heartening to see that out of 380 licensed banks, 373 banks had implemented CBS as on September 30, 2014. Remaining banks are expected to complete the implementation shortly. Advantages of CBS •  Entire bank will operate as one unit (Single General Ledger). •  Customer can have, more convenient, easier and anywhere banking.
•  It facilitates other services such as ATM, Internet Banking, Mobile Banking, Payment Gateways, Referral Business, etc. •  It provides economical way for MIS, instant information availability for decision support  •  Facilitates quick implementation of policies  •  Improves recovery process leading to reduction of recovery costs, NPA provisions. •  Innovative, refined processes (e.g.