Computer Science · Core Banking Solutions Evolution
Regarding the implementation and structural properties of Core Banking Solutions (CBS) in Indian Banking, choose the correct combination of statements: Statement I: The Thin Client at branch levels performs extensive high-end database processing independently. Statement II: Transition from TBA to CBS allowed for real-time transaction updates across all connected channels. Statement III: Data synchronization between primary and disaster sites is uniformly synchronous regardless of geological distance. Statement IV: The Application Layer centrally hosts and processes business rules such as TDS calculations. Statement V: CBS minimizes traditional inter-branch reconciliation because branches share a single centralized general ledger. Choose the correct option:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only I and II
- 2Only II, IV, and V✓
- 3Only III, IV, and V
- 4All statements are correct
Correct answer
Only II, IV, and V
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