E-Kuber: Core Banking Solution of RBI

Q.  Which of the following statements is/are correct about  E-Kuber?

1. E-Kuber is the Core Banking Solution of Reserve Bank of India.
2. E-Kuber provides the provision of a single current account for each bank across the country.
- Published on 21 Dec 15

a. Only 1
b. Only 2
c. Both
d. None

ANSWER: Both
 
- Core Banking Solutions (CBS) can enable banks to offer a multitude of customer-centric services on a 24x7 basis.
- E-Kuber provides decentralised access to this account from anywhere-anytime using portal based services in a safe manner.
- Technology partner for RBI for launching e-kuber is Polaris Ltd.
- The e-kuber system, implemented in 2012, is reported to be one of the foremost central bank oriented Core Banking Systems in the world.

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