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January 2023 Issue Vol.13 No.1
A STUDY ON INNOVATIONS IN E- BANKING
https://ia902701.us.archive.org/10/items/ijitce-jan-2023/IJITCE_Jan2023.pdf
Dr.L.Santhi
Assistant Professor, School of Commerce,
VET Institute of Arts and Science (Co-Edu) College, Erode, Tamil Nadu, India.
Dr.S.Palaniammal
Associate Professor, School of Commerce,
VET Institute of Arts and Science (Co-Edu) College, Erode, Tamil Nadu, India.
Dr.P.Murali
Associate Professor, School of Commerce,
VET Institute of Arts and Science (Co-Edu) College, Erode, Tamil Nadu, India.
Abstract:
This study endeavours to Recent trends in E-Banking while investigating to know the current scenario of Internet banking / E- banking services, to know the current financial innovations in E- banking Indian banking sector ,to know the initiatives taken by the government of India for developing the internet banking and to know the challenges in E-banking. The banking industry has seen many technological changes in the last years which has shaped it from manually intensive industry into one that is technologically dependent. Alternatives to traditional branch banking have attracted increasing attention as internet usage started to spread over the markets. Banks started to use the internet for providing new services to their customers. Internet banking system allows individuals to perform banking activities at home via internet. Most of the internet banks are traditional banks which also offer online banking while others are online only and have no physical offices. Internet banking transaction states that customers use the internet to get access to their personal or business bank accounts online anytime and to undertake banking transactions through the use of banks website without inconvenience. Internet banking allows customers to do their banking transactions anytime and providing continuous control over their accounts.
Keywords: Bank, Customer, industry
