Strategic outlook towards CBS in India Post

Abstract

“Core Banking Solutions†is the new jargon frequently used in banking circles. The advancement in technology, especially the internet and information technology has led to an innovative way of doing business in banking. The ushering of technology has helped to cut down time, working simultaneously on different issues and boosting efficiency. Core Banking Solutions which provides anytime and anywhere banking facilities to the people is now a part of ‘India Post’. As per the IT modernization project, CBS was implemented all over India to provide banking and money remittance services in India, primarily focusing on the rural population.