Page 231 - DCOM208_BANKING_THEORY_AND_PRACTICE

Banking Theory and Practice Tanima Dutta, Lovely Professional University

Notes Unit 14: Core Banking Solution

CONTENTS
Objectives
Introduction

14.1 Core Banking
14.2 Real Time Gross Settlement (RTGS)
14.3 National Electronic Funds Transfer (NEFT)

14.4 Electronic Funds Transfer (EFT)
14.5 Asset Liability Management (ALM)
14.6 Anti-money Laundering (AML)
14.7 E-Banking
14.8 E-Cheques

14.9 Cheque Truncation
14.10 Mergers and Acquisitions in Banking
14.11 Global Banking Activities

14.12 Summary
14.13 Keywords
14.14 Review Questions
14.15 Further Readings

Objectives

After studying this unit, you will be able to:

Elaborate RTGS, NEFT
Discuss the meaning and uses of EFT, ALM and AML

Explain the concept of E- banking
Elaborate on the advantages and disadvantages of E- cheques
Discuss Cheque Truncation System
Discuss on the mergers and acquisitions of banks

Introduction

In the previous unit, we dealt with the provisions for NPA’s and classification of NPA’s. The unit
also discussed about the management for NPA’s. In this unit you will get an insight on the core
banking technology and how the advancement in technology has led to new modes of doing
business in banking. The technologies have reduced time, working simultaneously on different
issues and increased efficiency. The platform where communication technology and information

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