QUESTION
Medium
Economy
Prelims 2016
The term ‘Core Banking Solution’ is sometimes seen in the news. Which of the following statements best describes/describe this term?
- It is networking of a bank’s branches which enables customers to operate their accounts from any branch of the bank on its network regardless of where they open their accounts.
- It is an effort to increase RBI’s control over commercial banks through computerization.
- It is a detailed procedure by which a bank with huge non-performing assets is taken over by another bank.
Select the correct answer using the code given below:
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