Challenges of Core Banking Systems

N.P Hariharan, K.J Reeshma

Abstract


Under core banking, one is not a customer of a branch but is considered as customer of the bank. All the commercial banks have interconnectivity through a common operating system. The interconnectivity between commercial banks are not utilized properly. If the banks could follow a single Loan Originating system (LOS), the credit worthiness of the consumer can be ascertained before a loan is sanctioned. In India, every bank has its own loan originating system which results in loans being dispersed well above the credit limit. A survey conducted among salaried class is a pointer to this. By making a single window LOS, the problem of NPA among the salaried class can be well addressed.

DOI: 10.5901/mjss.2015.v6n5p24


Full Text: PDF

Licenza Creative Commons
This work is licensed under Creative Commons Attribution 3.0 License.

Mediterranean Journal of Social Sciences ISSN 2039-9340(Print) ISSN 2039-2117(Online)

Copyright © MCSER-Mediterranean Center of Social and Educational Research

To make sure that you can receive messages from us, please add the 'mcser.org' domain to your e-mail 'safe list'. If you do not receive e-mail in your 'inbox', check your 'bulk mail' or 'junk mail' folders..