E - BANKING

BANKING

NATIONAL CONFERENCE ON EMERGING TRENDS IN BUSINESS: Social and Legal issues in India

India’s Banking sector has made rapid strides in reforming and aligning itself to the new competitive business environment. Indian Banking Industry is in the midst of the Information Technology Revolution and its changes has put forth the competition among the Banks world wide. The Information Technology has transformed the functioning of the businesses world wide by bridging the gaps in the terms of reach and the coverage of system. The Technological infrastructure has become an indispensable part of the reforms process in the banking system. The Financial reforms that were initiated in the early 90s and the globalisation and liberation measures brought in a new operating environment to the banks which involves services such as: anywhere banking, Tele Banking, E- Banking, Internet Banking, Web- Banking, ATMs, etc. The banks in India have upgraded their capability to handle business volume which is made possible by implementing technology driven transaction banking systems. To attain the satisfaction and comfort of the customers, the banks are trying hard to meet the upcoming demands of the customers by offering the innovative and attractive packaged technology based services to their customers. Large scale use of information technology by banks has resulted in computerization of branches of banks and their inter – connectivity by means of safe and reliable networks.

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