Core Banking Solution (CBS) Requirements for Urban Co-operative Banks (UCBs)

posted by: corporate

The Reserve Bank of India, has issued a Notification dated 16.08.2017 to Chief Executive Officers and All Primary (Urban) Co-operative Banks regarding Core Banking Solution (CBS) Requirements for Urban Co-operative Banks (UCBs)

1. Please refer to our DCBR.CO.PCB.Cir. No. 14/09.18.300/2015-16 dated April 13,2016 announcing the Scheme for providing financial assistance to urban co-operative banks for implementation of Core Banking Solution (CBS).
2. As stated therein, a document dealing with the functional and technical requirements for Core Banking Solution in Urban Co-operative Banks has been prepared by the Institute for Development and Research in Banking Technology (IDRBT) in consultation with the Reserve Bank. The document can be accessed at the IDRBT website under the link http:// www.idrbt.ac.in/assets/publications/Reports/CBS_Requirements_for_UCBS.pdf.
3.  The document is expected to serve as a reference material for implementing and improving CBS in the banks.