E-Banking in India

E-Banking in India PDF

Author: Rimpi Jatana

Publisher:

Published: 2007

Total Pages: 284

ISBN-13:

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ABOUT THE BOOK Finland was the first country in the world to have taken a lead in E-banking. In India, it was ICICI Bank which initiated E-banking as early as 1997 under the brand name Infinity. Electronic banking (E-banking) is a generic term encompassing internet banking, telephone banking, mobile banking etc. In other words, it is a process of delivery of banking services and products through electronic channels such as telephone, internet, cell phone etc. The concept and scope of E-banking is still evolving. E-banking facilitates an effective payment and accounting system thereby enhancing the speed of delivery of banking services considerably. While E-banking has improved efficiency and convenience, it has also posed several challenges to the regulators and supervisors. Several initiatives taken by the Government of India as well as the Reserve Bank of India (RBI) have facilitated the development of E-banking in India. The Government of India enacted the IT Act, 2000 with effect from October 17, 2000, which provides legal recognition to electronic transactions and other means of electronic commerce. The RBI has been gearing up to upgrading itself as a regulator and supervisor of the technologically dominated financial system. It issued guidelines on risks and control in computer and telecommunication system in February 1998 to all the banks advising them to evaluate the risks inherent in the systems and put in place adequate control mechanisms to address these risks, which can be broadly put under three heads, viz. IT environment risks, IT operations risks and product risks. The existing regulatory framework over banks has also been extended to E-banking. It covers various issues that fall within the framework of technology, security standards and legal and regulatory issues. This book contains 12 articles by scholars specialising in the area of banking. It will be useful for all those who want to understand recent technological developments in Indian banking.

E-Banking in India

E-Banking in India PDF

Author: Rimpi Jatana

Publisher:

Published: 2007-01-01

Total Pages: 256

ISBN-13:

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Electronic banking (E-banking) is a generic term encompassing internet banking, telephone banking, mobile banking etc. Several initiatives taken by the Government of India as well as the Reserve Bank of India (RBI) have facilitated the development of E-banking in India. The Government of India enacted the IT Act, 2000 with effect from October 17, 2000, which provides legal recognition to electronic transactions and other means of electronic commerce. The existing regulatory framework over banks has also been extended to E-banking. It covers various issues that fall within the framework of technology, security standards and legal and regulatory issues. This book contains 12 articles by scholars specialising in the area of banking.

Introduction To Electronic Banking

Introduction To Electronic Banking PDF

Author: Asifulla. A

Publisher: Educreation Publishing

Published: 2016-10-27

Total Pages: 133

ISBN-13:

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A sound and effective banking system is the backbone of an economy. Technology is enabling banks to provide the convenience of anytime and anywhere banking. Banks are now reengineering the way in which their services can be reached to their customers by bringing in flexibility in their distribution channels. The aim of this book is to provide a strong foundation on concepts of banking system and advent use of IT and its role in Indian banking systems. This book is useful for commerce and management students of all Indian universities. This book has been designed and prepared with utmost care to make it extremely useful for all such individuals interested in gaining knowledge about electronic banking system.

Banking and Finance on the Internet

Banking and Finance on the Internet PDF

Author: Mary J. Cronin

Publisher: John Wiley & Sons

Published: 1998

Total Pages: 358

ISBN-13: 9780471292197

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Mary J. Cronin, a leading expert on using the Internet for business, provides an overview of the impact of the Internet on banking, and offers her vision of the future of electronic banking.

Threats to the Rights of Consumers in E-Banking in India

Threats to the Rights of Consumers in E-Banking in India PDF

Author: Dr. Gagandeep Kaur

Publisher:

Published: 2017

Total Pages: 9

ISBN-13:

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In the last decade, India has witnessed one of the most important events in human history- the Web Revolution. The rapidly increased use of the web, the Internet, Intranet and Extranet, e-business or e-commerce and mobile commerce has changed the manner in which business is done in almost all the organizations. Technological innovation is blurring the distinction among traditional forms of financial intermediaries such as commercial banks, investment banks and specialized finance companies. The advent of e-Business accompanied with technological innovations and globalization is constantly propelling the businesses organization to redefine their business operations in terms of value chain re-engineering and restructuring business models. Likely, the financial sector is metamorphosing under the impact of competitive, regulatory and technological forces. Financial institutions especially the banking sector is currently in a transition phase. Banks are the engines that drive the operations in the financial sector, which is vital for the economy of any country. The Banking industry is one of the oldest in the world. The Indian Banking Industry has not remained totally passive spectator of Information Technology revolution that has taken place around the world. Banking industry in India has undergone radical changes under the umbrella term 'web Revolution'. In the modern computer world, all the activities of the banking transactions are made through computers and electronic medium. The banks have put themselves in the World Wide Web to take advantage of the internet's power and reach, to cope with the accelerating pace of change of business environment. Electronic Banking is popularly known as 'PC banking', 'online banking', 'Internet banking', 'Telephone-banking' or 'mobile banking'. E-banking may be understood as term that covers all these ways of banking business electronically. In this research paper, it is highlighted that on one hand online banking has made the lives of people very easy, however, on the other hand, online banking is not free from threats and risks. In this research paper the threats to the consumers in online banking has been highlighted.

Senior Citizens’ Perceptions on E-banking Services

Senior Citizens’ Perceptions on E-banking Services PDF

Author: Dr. Lakshman K.

Publisher: Exceller Books

Published:

Total Pages: 120

ISBN-13:

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Senior Citizens' Perceptions On E-Banking Services presents the evolution of banking, the influence of information and communication technologies on banking and its products, and the quintessential role played by computer science in fulfilling banks' marketing objective of servicing senior customers at a lower cost, reaping more profits. It also highlights the use of advanced statistics and computer science to measure, mitigate and manage various risks associated with banks' business with its customers and other banks. In addition, the book reveals the growing influence of customer relationship management and data mining in tackling various marketing-related problems and fraud detection problems in the banking industry. Over recent years there has been a lack of a comprehensive and accessible textbook that deals with the broad spectrum of banking issues. This book will be insightful for students, academicians, and banking professionals.

E-Banking: Challenges and Opportunities

E-Banking: Challenges and Opportunities PDF

Author: Fabian Hürlimann

Publisher: GRIN Verlag

Published: 2011-03-01

Total Pages: 12

ISBN-13: 3640848861

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Scientific Essay from the year 2010 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 5.75, Zurich University of Applied Sciences, language: English, abstract: Since the Internet was launched our big world has become a smaller one. E-banking has developed from virtual insignificance to millions of users worldwide. Ever since Bill Gates announced in 2008 that “Banking is essential, banks are not.” everybody realized that e-banking has never been more important to our society than it is today. E-banking is a new delivery channel for banks, and has now become a global phenomenon. This term paper is mostly written from a macro perspective point of view. The micro perspective is often purposely excluded to emphasize the influence of macro economical concerns and requests. The purpose of this term paper is to examine the present situation in India regarding the implementation of e-banking.

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