Bank vs Core Minerals on 15 September, 2014
Bench: Kurian Joseph , Rohinton Fali Nariman
ITEM NO.22 COURT NO.1 SECTION ... passed by the High Court of Orissa At
Cuttack)
UCO BANK Petitioner(s)
VERSUS
CORE MINERALS AND ANR Respondent(s)
(with appln
types of businesses are in addition to business of banking viz.
core banking. The importance of the words "in addition to" in
section ... banking
company as long as it is in the core banking of accepting
deposits and lending so that its main income is from the spread
2013 Page 2 of 13
Bank Master to the Core Banking System. Admitting their
mistake, the bank credited Rs.3,405/- towards loss of interest ... operations of the plaintiff bank from "Bank Master" to
RSA 216/2013 Page 5 of 13
"Core Banking System" and that
about the non receipt of the 3rd transaction. As per the core banking system the complainant had availed the ATM facility 3 times ... SBI, Ottappallam. We would like to point out that the complainant approached SBI and filed the complaint before the banking Ombudsman against the SBI
service by charging the cheque book charges, signature
identification charges, core banking facility charges etc. Despite several
complaints of the complainant the opponent bank continued ... facility, LT
facility etc. with free of charges and also core banking facility charges etc. He has
tried to support his contention by pointing
improved. Now
that nearly 35,000 bank branches are under Core Banking
Solution (CBS), there is an urgent need for leveraging this
CBS technology ... bring improvements in cheque collection
service.
2. A few banks with core banking solution have started
providing "payable at par"/ "Multicity
Fifty six thousand one
hundred twenty nine) drawn on The Karur Vysya Bank Ltd.,
Coimbatore. On presentation, the said cheque was dishonoured with
the remarks ... days,
almost all the branches of the bank are covered under Core Banking
Solutions (CBS) and in terms of guidelines issued by Reserve Bank
dated 15.06.2014 and 034063 dated 15.07.2014 all drawn on
IDBI Bank Ltd., H.No. 3-3-54/A, Kachiguda Station Road, Hyderabad ... almost all the branches of the bank are covered under Core Banking
Solutions (CBS) and in terms of guidelines issued by Reserve Bank of
India
days,
almost all the branches of the bank are covered under Core Banking
Solutions (CBS) and in terms of guidelines issued by Reserve Bank ... cheques are
payable at CBS Branches. The word „CBS‟ implies Core Banking
Solutions. As per guidelines no. DPSS CO No. 644/03.01.02/2007
compound walls to branches 34,00,000
iii) Core banking solutions (CBS) 1,74,44,000
iv) Store wells 13,50,000
v) PACS Jewel
