E-Banking: An Internet Application in Banks Today.
Published: 2011
Author(s) Name: Poonam R. Lohana, Datta Yadav
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Abstract
Today it is possible to build a bank based on internet
access the ease of internet access offers much
greater mobility and customers satisfaction. The
innovations in information technology and
communication had significantly transformed banking
services relating to new product development, speed
of transaction processing and reduction in transaction
costs. It compels banks to offer a broad range of
deposits, expand the geographical reach through new
market penetration.
Information technology plays an important role in
shaping the destiny of the nation and the advent of
computers has brought about this changes. Since,
1980s, computer industry has made remarkable
progress in India in industries and different fields.
Particularly banks have been mostly improved by this
internet technology to come at par with the world
banks and prompt service to customers
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