deposits with a banking company to which the Banking Regulation Act, 1949 (10 of 1949) applies (including any bank or banking institution referred ... operative society or the public company has adopted core banking solutions: Provided also that in case of payee being a senior citizen, the provisions
used and the
cardholder's bank.
a) On-Us - When a card of the issuing bank (Bank 'A') is used ... Bank 'A' is used on an
ATM of another bank i.e. the acquiring bank (Bank 'B'), EFT Switch
of Bank
paid by the banking company or the co-operative society or the public company, as the case may be, where such banking company ... operative society or the public company has adopted core banking solutions;"; (b) in clause (v), for the words "paid by a co-operative society
Reference Number 12/2012-2013 dated 12.12.2012 for Core Banking Solution and other application implementation dated 12.12.2012 including addendum and corrigendum ... Core Banking Solution and other application implementation dated 12 January 2013 and quash the same as illegal and unconstitutional.
For Petitioner : Mr.V.Ramakrishnan
BANK OF INDIA ACT ,
HAVING ONE OF ITS OFFICE AT
NRUPATHUNGA ROAD,
BENGALURU 560 001.
REP BY ITS MANAGER.
4. NATIONAL HOUSING BANK
CORE ... BANK OF INDIA ACT ,
HAVING ONE OF ITS OFFICE AT
NRUPATHUNGA ROAD,
BENGALURU 560 001.
REP BY ITS MANAGER.
4. NATIONAL HOUSING BANK
CORE
Bank. Further, he submitted that, the Bank, has, in a crystal clear manner clarified that, Bank has initiated the process of Core Banking Solutions ... only reason given by Bank is that, the Bank has initiated the process for implementation of Core Banking Solutions (CBS) and has to cover
shall get Core Banking facilities by 31 st March 2013
and only such of the Banks would in fact get Core Banking facility
by 31st ... Core Banking facility by 31 st March 2013,
their services were liable to be discontinued and transferred to a
Bank having Core Banking facility
shall get Core Banking facilities by 31 st March 2013
and only such of the Banks would in fact get Core Banking facility
by 31st ... Core Banking facility by 31 st March 2013,
their services were liable to be discontinued and transferred to a
Bank having Core Banking facility
Banking transactions of plaintiff are invariably recorded in
the account books of the Bank, which is now in electronic
form, known as 'Core Banking ... procedures of the plaintiff
Bank. When the drawee Bank advises that the cheque sent
for collections is cleared, plaintiff Bank on the basis
forgotten! The banks were nationalised just to promote social banking. If 60 per cent of the banking is outsourced, then social banking will be left ... What will the banks do? The banks will be doing high profile, rich-men banking. That is what he calls the core banking. It means
