Q1. Select any bank of your choice and try to find out the types of networks and network technologies that are in use for digital communication in the bank. Give a brief description of each network and network technology.
- LANs provide high-speed internal connectivity within bank branches for daily operations.
- WANs link geographically dispersed banking locations, enabling centralized transaction processing.
- VPNs create secure, encrypted communication tunnels over public networks for remote access.
- Core Banking System (CBS) network is crucial for real-time transaction processing across the bank.
Answer: A leading commercial bank in India relies on a sophisticated array of networks and network technologies to ensure seamless and secure digital communication for its vast operations. These systems are fundamental to delivering modern digital banking services, managing customer data, and facilitating interbank transactions, as elaborated in the context of Information Technology and Digital Banking. **Types of Networks in Use** **Local Area Network (LAN)**: Within each bank branch, corporate offi...