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QUIZ ON CBS

QUIZ ON CBS. Q.1- FULL FORM OF CBS IS:. Ans:- CORE BANKING SOLUTION. Q.2- NO OF ACCOUNTS WITH INDIA POST:. Ans:- OVER 17 CRORES. Q.3- WHY CBS?. Ans:- India post is losing its customers due to lack of modernization in its customer experience and operations.

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QUIZ ON CBS

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  1. QUIZ ON CBS

  2. Q.1- FULL FORM OF CBS IS: Ans:- • CORE BANKING SOLUTION

  3. Q.2- NO OF ACCOUNTS WITH INDIA POST: Ans:- • OVER 17 CRORES

  4. Q.3- WHY CBS? Ans:- • India post is losing its customers due to lack of modernization in its customer experience and operations. • At present, India post does not have the services of ATMs, Mobile banking and Demat certificates facility.

  5. Q. 4- PRESENT STATUS OF SB IS: • Majority of work in manual and duplication • Cheque clearing is done in manual and locally • No Global account number system • No data protection and customer data • Cash management function is inadequate resulting extra work

  6. No MIS facilities • Issue of certificate in manual instead of Demat • Poor record maintenance • Inadequate audit functions • Non agreement of balances • Non integrated systems architecture customer services and back office • Calculations of agents commission in manual

  7. Q. 5- Benefits of Core Banking Solution : Ans:- • Reduces off operations • Elimination of duplicate works • Stream line process to customers • Processes help to reduce operational risk

  8. Minimum staff strength • Lesser time in handing the POSB CBS transactions • Online processing of bank cheques

  9. Auto reversal of transactions and associated charges • Bills payment for customers • Support telephone banking services • Inter branch transfers and transactions • Telephone and Internet banking

  10. Q. 6- ROLE OF PM IS : Ans:- • Data cleaning exercise through database analyzer module in Sanchay Post Version 6.5. • Should ensure that all the Post offices identified for the first phase have completed- • Data entry in all category- inclusive of Silent Accounts • Signature Scanning • Up-to-date SB returns to SBCO • Settlement of Un posted items • Settlement of Minus Balance. • Ledger Agreement by SBCO in all category • Settlement of SBCO objections • Reconciliation of Unpaired debit and credit

  11. Q. 7- Pre requirements to Core Banking Solution : Preparation of consolidated journal of all categories on Sanchay Elimination of un posted items Elimination of objections Elimination of minus balances Ans:-

  12. Receipt of returns Transaction feeding in V2 ( V2 offices) Preparation of office wise registers of all categories Preparation of statistical registers & checking with HO Cash book Preparation of summary of Interest statement Daily agreement in Sanchay Post Voucher checking as per Directorate no. 5-2/99-SB dated 05.03.03

  13. THANK YOU

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