Trends in E-banking: A Study on Indian banking Scenario
K. P. Veena, N Nayana
Abstract
K. P. Veena, N Nayana
Abstract
Today E-banking is known as smart banking, touch banking, 360degree banking, innovative banking, virtual banking and 24X7 banking. Banks are playing an important role in the economic development country. Economic development of a country involves investment in various sectors of the economy. The bank collects small savings from the public for investment in various projects. Present banking scenario has come up with a lot of new initiatives which are oriented to provide a better customer service and facilities with the help of information technology. . One of these reasons is the inherent benefit of e-banking to saving time and speed in the transaction of banking activities and consequently enhancing the performance of banks. The paper tries to focus on public, private, nationalized, and foreign e-banking services. And the different forms of in Indian scenario. Finally paper concludes technology changes and making trends in E-banking which helps for the development.
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Today E-banking is known as smart banking, touch banking, 360degree banking, innovative banking, virtual banking and 24X7 banking. Banks are playing an important role in the economic development country. Economic development of a country involves investment in various sectors of the economy. The bank collects small savings from the public for investment in various projects. Present banking scenario has come up with a lot of new initiatives which are oriented to provide a better customer service and facilities with the help of information technology. . One of these reasons is the inherent benefit of e-banking to saving time and speed in the transaction of banking activities and consequently enhancing the performance of banks. The paper tries to focus on public, private, nationalized, and foreign e-banking services. And the different forms of in Indian scenario. Finally paper concludes technology changes and making trends in E-banking which helps for the development.
Key concepts: Business, Retail banking, Database transaction, Investment (military), Service (business), Investment banking, Finance, Commerce