What is the Full Form of CBS in Banking?

The full form of CBS in Banking is Core Banking Solution. The CBS is the networking of different branches of the bank with the help of a robust infrastructure. The core banking solution helps the customers to operate their bank accounts, and avail banking services for themselves with the help of a centralized network.

Advantages of core banking solutions:

As CBS enhances the accessibility of the entire bank, and not just its branch, it has been greatly used by banks across the country. It helps to speed up the bank transactions, that are being carried out across the branches of the bank, with the help of a centralized server. It also renders powerful software programs that helps banks with its basic operations like loan deposits, interest calculations etc.

Why is CBS important for banks?

CBS is capable of handling the growing demand of the customers. It helps to simplify and speed up the banking process, so that the banking staff can allot their time for marketing, cross-selling and other activities. It also helps to mitigate the time taken for every banking transactions and makes the banking services more convenient and accessible for the customers.