Implications of E-Banking in Indian Scenario

Authors

  • G. Kamalam PG and Research Department of Commerce, Ayya Nadar Janaki Ammal college, Sivakasi, Tamil Nadu, India
  • S. Murugaiyan Head and Assistant Professor of Commerce, Ayya Nadar Janaki Ammal college, Sivakasi, Tamil Nadu, India

DOI:

https://doi.org/10.51983/ajms-2016.5.1.1201

Keywords:

Automated Teller Machines, E-banking, Information Technology

Abstract

Introduction of technology in banking sector has enabled customers to avail the banking services at anytime and anywhere in the form of ATM, Mobile banking, & Internet Banking. Banks today operate in a highly globalized, liberalized, privatized and a competitive environment. In order to survive in this environment banks have to use IT. Indian banking industry has witnessed a tremendous developments due to sweeping changes that are taking place in the information technology. Electronic banking has emerged from such an innovative development. The objective of the present paper is to study and analyze the progress made by Indian banking industry in adoption of technology. The study is secondary based and analytical in nature. The progress in ebanking in Indian banking industry is measured through various parameters such as Computerization of branches, Automated Teller Machines, Transactions through Retail Electronic Payment Methods etc. Statistical and mathematical tools such as simple growth rate, percentages and averages etc are used. The paper also highlights the challenges faced by Indian banks in adoption of technology and recommendations are made to tackle these challenges. The paper concludes that in years to come e-banking will not only be acceptable mode of banking but preferred mode of banking.

References

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Roshan Lal, Dr., & Saluja, Dr. Rajni. (2012). E-Banking: Indian Scenario. Asia Pacific Journal of Marketing & Management Review, 1(4), December (2012), ISSN 2319-2836.

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Published

29-01-2016

How to Cite

Kamalam, G., & Murugaiyan, S. (2016). Implications of E-Banking in Indian Scenario. Asian Journal of Managerial Science, 5(1), 7–11. https://doi.org/10.51983/ajms-2016.5.1.1201