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Core banking means - All branches of a particular bank connected by a common network. There are many advantages in this network, for example a bank user can transfer the money or do any transactions from one branch to another quickly. Branch specific banking is no longer applicable since all customers of the bank can use any of its branches to get their services which is very beneficial for us - the customers.

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Q: What do you understand by core banking?
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Expand the abbrevation CORE in CORE banking?

CORE means Centralized Online Realtime Electronic Banking


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Core banking is used as an application to support their operations, and that is when they get the name "CORE" from. The word "CORE" stands for "centralized online real-time environment," that the banks have access to applications from their central databases.


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