The full form of CBSSBI is Core Banking Solution of State Bank of India.

Finacle is a banking solution built by the Indian Corporation, Infosys to provide core banking solutions and promote a growth of the e-banking facilities. It was first launched in the year 1999. It was used for the very first time by the State Bank of India to bring an overall change in its structure of E-Banking.

The core banking system refers to the back-end system that processes banking transactions across various branches of a bank.

SBI has the largest network of over 22,100 branches in India with an ATM / CDM network of over 58,500 and total banking correspondent outlets of more than 62,200. The number of customers using internet banking facilities is about 76 million and mobile banking services stand a little more than 17 million, as per press release.

Core banking solutions (CBS) are the bank’s centralised systems that are responsible for ensuring seamless workflow by automating the frontend and backend processes within a bank.

CBS enables single-view of customer data across all branches in a bank and thus facilitate information across the delivery channels. It enables banks to provide their customers with specific, targeted and tailored products and services at one place. The convenience of core banking services enable customers to access all banking facilities from any of the bank branches across the country, regardless of which one is their home branch.