Monday, June 8, 2009

core banking tips

this post is meant for those branches of canara bank which are migrating to c b s .
views and suggestions given here are personal and hence should not be considered as authentic
or official.

the concept
c b s is conceptually different from i b b s . interest regime is based on a different concept.
g l is a new concept . reports are almost fully delinked from transaction and are generally available in independent formats and websites. submit is an additional step involved in posting transactions. it is possible to login to any branch from anywhere . account numbers remain same even on transfer to another branch.

the change over
migration is the most difficult part. try not to carry over unfinished transactions to the new platform. take care to minimise pending items under osc/ cdb during migration. note to take help at every stage. remedy is a tool available in the system. start using it early. look up staff
hl , lhv etc ( where simple interest and zero interest are involved) soon after migration . take principal and interest figures from ibbs and correct the mistakes if any at the earliest.

stay cool . the new platform is much better and easier to work on.

this series will continue dependending on the need and the
time available. feel free to post querries here or email them
to mkmathai@yahoo.com or call on skype ( lisma1952)
between 7 to 8 am.

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