OPERATIONAL ASPECTS OF CBS ENVIRONMENT
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Principles and Practices of Banking — JAIIB.
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Free sample — 8 of 65 rapid-fire Q&A cards.
What does CBS stand for in the context of Indian banking?
CBS stands for Core Banking Solution, a centralized banking software platform that enables customers to access their accounts and banking services from any branch of the bank.
What is the full form of CBS in Indian banking?
Core Banking Solution connecting all bank branches centrally.
What is the primary architectural feature that distinguishes CBS from traditional branch banking?
CBS uses a centralized database where all branch data is stored at a central server, enabling real-time transaction processing across all branches rather than maintaining separate databases per branch.
What is the meaning of 'centralized database' in CBS?
Single unified database storing all customer and account data.
What is meant by 'anywhere banking' in a CBS environment?
Anywhere banking means a customer can perform banking transactions from any branch of the bank, not just the home branch, because all accounts are linked to the central server.
What is a 'teller' transaction in the CBS environment?
Over-the-counter cash or transfer transaction processed by branch staff.
What is a 'host' in CBS terminology?
The host in CBS refers to the central server or data centre that processes all transactions and maintains the master database for all customer accounts across the bank.
What is an RTGS transaction in the context of CBS?
Real Time Gross Settlement for high-value interbank fund transfers.
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