BANK COMPUTERISATION
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Principles and Practices of Banking — JAIIB.
One-liners from this chapter
Free sample — 8 of 66 rapid-fire Q&A cards.
What is the primary objective of bank computerisation in India?
The primary objective is to improve operational efficiency, reduce transaction time, minimise errors, and provide better customer service through automation of banking processes.
What is the full form of IDBRT established to support bank computerisation?
Institute for Development and Research in Banking Technology
Which committee first recommended computerisation of Indian banks?
The Rangarajan Committee (1983 and 1989) was the first to recommend computerisation of Indian banks, paving the way for technology adoption in the banking sector.
Which year did RBI mandate all public sector banks to implement Core Banking Solution?
CBS implementation was mandated progressively from 2004 onwards
What does CBS stand for in banking technology?
CBS stands for Core Banking Solution, a centralised platform that enables customers to operate their accounts from any branch of the bank regardless of where the account was opened.
What is the minimum transaction amount allowed under RTGS system?
Rs. 2 lakh is the minimum RTGS transaction limit
What is the key feature of a Core Banking Solution?
The key feature of CBS is that accounts are maintained centrally on a server, enabling real-time processing and allowing 'any branch banking' for customers.
What does SFMS stand for in Indian banking communication?
Structured Financial Messaging System used for secure interbank messaging
Video classes for this chapter
More chapters in Module C - Banking Technology
Master the full PPB syllabus
Every chapter of Principles and Practices of Banking — videos, tests, notes and one-liner decks in one place.