V2I7P3

E-Banking in India- An Overview of its Present Scenario and Future Prospects

K. K. Kittur^1*, S. S. Chabbi²

Abstract

The Indian banking sector has emerged as one of the strongest drivers of India’s economic growth. It has a large geographic and functional coverage. The sector has developments and investments in the recent past.Now-a-days banking are known as innovative banking. Developments in Information technology have given a rise to innovations in the product & service designing and their supply in the banking sector and finance industries, customer services and satisfaction are their centre point of all the efforts. One of the most important areas of banking where Information Technology have a positive influence so on substitutes for traditional funds movement services. With the advent of online banking, electronic funds transfer and other similar products & services for funds transfer within quick time which was impossible a few years age. With networking and inter connection new problems are taking place related to security, privacy and confidentiality to e-banking transactions.

Keywords:

Electronic banking, online banking, Information Technology, Future Prospects