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 Regulation Act,
1949 and in particular Section 5(b) which defines
Banking and reads as under :
"5(b) "banking" means ... Banking Regulation Act, 1949 and
would submit that Clause-(k) of Section 6 of sub-
section (1) of the Banking Regulation Act enables the
Banking
petition. It is contended that the bank is working with
core banking system in which the updating of the data of
transactions ... beneficiary bank account and then
dishonestly removed the amount deposited with the remitter
account maintained in SBI,by using ATM or internet banking
facility
Vinod Kumar Ajmera who in year 2016 was posted as AGM
Core Banking Project in State Bank of Bikaner and Jaipur and had provided
information ... concerned
clerk/officer after making the necessary verification and entries in Core
Banking Solution (CBS), forwards the transaction in the system alongwith the
vouchers
Bank through issuance of letter of undertakings to their benefit without
making any entries in the trade finance module of the Banks, i.e. Core ... issued LCs by entering a small amount in trade module of Core
Banking Service (CBS) system and generated the reference number and
SWIFT messages were
software products
developed by the company includes Finacle TM, Finacle core
banking solution, Finacle digital commerce solution, Finacle
WatchWiz, Infosys Health Benefit Exchange, etc. Thus
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
taxation on these receipts by
directly depositing the cash in the bank account of the payee. This fact is also not disputed
by the revenue ... Since, the
PNB, Panskura Branch, is covered in core-banking system, the assessee could be
able to make the deposits in the account
banking company to which the Banking Regulation
Act, 1949 applies ; (ii) or to a co- operative society
engaged in the business of banking ... deposits with a banking company to which the
Banking Regulation Act, 1949 (10 of 1949) applies
(including any bank or banking institution referred
