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Friday, June 27, 2014

eKuber revolutionizing Indias’ Banking Sector


          eKuber is the name of the Core Banking Solution running Reserve Bank of India unified accounting systems.

          eKuber integrates RBIs  operations across all its departments and offices. The RBI has 22 regional offices, most of them in state capitals.

          Competitive and non-competitive bids for Government securities also have to be submitted in electronic format on the RBI's Core Banking Solution (E-Kuber) system.

          In view of the benefits of direct membership in NPCIs Cheque Truncation System (CTS), cooperative banks are also opening accounts in the nearest RBI branch. With an account in the eKuber CBS, the cooperative banks can provide the benefits of CTS to their customers.

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