E Banking
E Banking
E Banking
R.KORAKKAN
E-Banking: The Provision of banking service through electronic channels and the customer can access the data without time and geographical information
HISTORY
ICICI was the first bank to initiate the Internet banking revolution in India as early as 1997 under the brand name 'Infinity'. ICICI Bank kicked off online banking way back in 1996 . But even for the Internet as a whole, 1996 to 1998 marked the adoption phase, while usage increased only in 1999-due to lower ISP online charges, increased PC penetration and a techfriendly atmosphere.
E- Banking Setup
Advantages
Convenience Ease of Monitoring Ease of Transaction
Disadvantages
Security Matter No perfect System Transaction Problem
Conclusion
E-banking enabled the banks to position themselves as a one-stop shop financial service provider with a fairly exhaustive range of products, including deposit products, loans, credit cards, debit cards, depository (custody services), investment advice, bill payments and various transactional services. E-banking accelerates Globalization.