E-Banking in India-Progress and Prospects
E-Banking in India-Progress and Prospects

Author: Komal Singh

Publisher: LAP Lambert Academic Publishing

Published: 2012-07

Total Pages: 272

ISBN-13: 9783847336655

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Banking is the lifeline of an economy. The present and future of any country depends upon the success and development of banking. The objective can't be achieved with the traditional banking as now is the age of technology. Indian banking industry, today, is in the midst of an IT revolution. The competition among the banks has led to the increasing total banking automation in the Indian banking industry.This book presents an overview of E-Banking in India through a comparative study of public sector banks, private sector banks and foreign banks. It analysis the progress of E-Banking in the country by emphasizing on four major components i.e. ATM, Credit cards, Mobile Banking and Internet Banking. These components of E-Banking are studied individually to know the customer satisfaction and the problems associated with each. Book also highlights the various E-banking services provided by these banks and also the prospects and problems associated with E-Banking. Risk management strategies used by these banks have also been studied

E-Banking in India
E-Banking in India

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.

Problems and Prospects of E-Banking Services - An Empirical Study In Mysore District
Problems and Prospects of E-Banking Services - An Empirical Study In Mysore District

Author: M. Ashoka

Publisher:

Published: 2017

Total Pages: 10

ISBN-13:

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Banking is one of best and biggest service sector in India. The growth of Indian banking industry has been more qualitative than quantitative. The present scenario is concerned in the banking industry in India going through a modern phase namely E-Banking. E-Banking is slowly substituting use of cheques, pay-in-slips, drafts and most importantly customers personally dropping into the floors of banks. The mobile banking has accrued in revolutionary changes where in customers can operate the bank accounts through mobile phones from anywhere. To avoid fraudulent transactions and to provide more transactions are ensuring all security measures. The technological innovations combined with revolutionary changes in the communication industry has provided and created congenial ground for successful E-Banking. Every 9 out of 10 customer of the age below 40 years in the urban area aspires to go with E-Banking at least in as much as to withdrawal of money through ATM is concerned. The survey conducted in Mysore District reveal that the corresponding percentage in respect of rural customer is only 60 percentage with the total sample size of 179 the percentage for E-Banking in the aggregate group counts for 80 percentage the main reason for non-patronization of E-Banking is illiteracy and fear of losing money when E-Banking is practiced.

Mobile Banking
Mobile Banking

Author: B. Nicoletti

Publisher: Springer

Published: 2014-07-24

Total Pages: 288

ISBN-13: 1137386568

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Mobile is impacting heavily on our society today. In this book, Nicoletti analyzes the application of mobile to the world of financial institutions. He considers future developments and the possible use of mobile to help the transformation in products, processes, organizations and business models of financial institutions globally.

The Global Findex Database 2017
The Global Findex Database 2017

Author: Asli Demirguc-Kunt

Publisher: World Bank Publications

Published: 2018-04-19

Total Pages: 228

ISBN-13: 1464812683

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In 2011 the World Bank—with funding from the Bill and Melinda Gates Foundation—launched the Global Findex database, the world's most comprehensive data set on how adults save, borrow, make payments, and manage risk. Drawing on survey data collected in collaboration with Gallup, Inc., the Global Findex database covers more than 140 economies around the world. The initial survey round was followed by a second one in 2014 and by a third in 2017. Compiled using nationally representative surveys of more than 150,000 adults age 15 and above in over 140 economies, The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution includes updated indicators on access to and use of formal and informal financial services. It has additional data on the use of financial technology (or fintech), including the use of mobile phones and the Internet to conduct financial transactions. The data reveal opportunities to expand access to financial services among people who do not have an account—the unbanked—as well as to promote greater use of digital financial services among those who do have an account. The Global Findex database has become a mainstay of global efforts to promote financial inclusion. In addition to being widely cited by scholars and development practitioners, Global Findex data are used to track progress toward the World Bank goal of Universal Financial Access by 2020 and the United Nations Sustainable Development Goals. The database, the full text of the report, and the underlying country-level data for all figures—along with the questionnaire, the survey methodology, and other relevant materials—are available at www.worldbank.org/globalfindex.

Advances in Banking Technology and Management: Impacts of ICT and CRM
Advances in Banking Technology and Management: Impacts of ICT and CRM

Author: Ravi, Vadlamani

Publisher: IGI Global

Published: 2007-10-31

Total Pages: 380

ISBN-13: 1599046776

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Banking across the world has undergone extensive changes thanks to the profound influence of developments and trends in information communication technologies, business intelligence, and risk management strategies. While banking has become easier and more convenient for the consumer, the advances and intricacies of emerging technologies have made banking operations all the more cumbersome. Advances in Banking Technology and Management: Impacts of ICT and CRM examines the various myriads of technical and organizational elements that impact services management, business management, risk management, and customer relationship management, and offers research to aid the successful implementation of associated supportive technologies.

Introduction To Electronic Banking
Introduction To Electronic Banking

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.

Changing Dimensions of Banking in India
Changing Dimensions of Banking in India

Author: K. Srinivasa Rao

Publisher: Notion Press

Published: 2022-01-31

Total Pages: 212

ISBN-13: 1684941962

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When the banking sector was coping with mergers and consolidation, the enlarged scope of activities of non-banks, fintech companies on high voltage digital banking spree, the scourge of the pandemic suddenly added several tectonic changes. The Covid-induced stress led to several rounds of stimulus packages, expansionary Union Budget 2021-22 and increased Capex allocations where the role of banks became more critical. Formation of Development Finance Institutions (DFI) and National Asset Reconstruction Company Ltd. (NARCL) – Bad Bank followed to provide the firepower to revive and sustain the economy. Encouraged by the unprecedented changes in banking sector, writing a book on ‘Changing Dimensions of Banking in India’ was considered apt to capture key changes with their implications. It highlights the nuances of potential changes in the organizational structure, corporate governance, digital innovations, credit growth, MSME sector, better managing asset quality and strengthening risk management architecture. The quick read can be a ready reference to the next generations leaders.

Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance
Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance

Author: El Bachir Boukherouaa

Publisher: International Monetary Fund

Published: 2021-10-22

Total Pages: 35

ISBN-13: 1589063953

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This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.