Core banking transaction

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 October 2013 I have my bank account in SBI Badlapur - thane & other account in SYNDICATE BANK Badlapur thane can i deposit SYNDICATE BANK's cheque in favour of SBI'S account in BADALPUR But at SBI baranch at Prabhadevi- Mumbai or drop in SBI mumbai ATM

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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21 October 2013 Core banking is services provided by a group of networked bank branches. Bank customers may access their funds and other simple transactions from any of the member branch offices.

Core Banking is normally defined as the business conducted by a banking institution with its retail and small business customers. Many banks treat the retail customers as their core banking customers, and have a separate line of business to manage small businesses. Larger businesses are managed via the corporate banking division of the institution.