Title-Analytical study of core banking with reference to bandhan bank

Introduction and Objectives

The reason for undertaking the project is to meet the requirements of dynamically changing market and
customer needs and also to speed up banking transaction. The problem with core banking could be
interconnectivity between commercial banks are not utilized properly.In modern banking information
technologies are applied to improve business and to provide better client services. In that way, the client of the
bank is allowed to access and manipulate their accounts online.
Core banking (Centralized Online Real-time Electronic Banking) allows clients to access their funds and to
perform simple transactions from anywhere, across all networked branches. The system is based on
deposits, loans, client transactions using core banking applications. Every change reflects to the centralized data
centre, which contains all necessary data of clients and their accounts. All transactions from individual
branches are collected EoD (End of the Day), end of the working day, i.e., COB (Close of Business), at the end
of the month EoM (End of Month), and at the end of the year EoY(End of Year).
Providers around the world that sell their core banking products to the banks include FIS, Temenos, Oracle
Financial Services Software, Infosys Technologies, Fiserv, TCS FS, SAP, Polaris and many others.

Advantages of core banking system could be:-

1. Customer satisfaction
2. Customized and tailored plans
3. Customer convenience

Objectives of the study is as follows:-

1. To practically study the concept
2. To analyse the scope of core banking
3. To gain practical knowledge related to core banking
4. To understand operations of core banking
5. To draw conclusion based on analysis
6. To know about future prospects