Recent Trends in Indain Banking Sector

(ii) One can easily pay their bills and transfer their money without any problem. Because of this people don’t have to stand in long queue and keep their receipt safely as transactions are viewed by the person at anytime.

d) Electronic Fund Transfer. Electric funds transfer (EFT) provides for payments and collections by transferring financial information electronically. PayPal offer online payments and money transfer among businesses and individuals, nationally and internationally, in various currencies, requiring only that recipients have an e-mail address.

To understand the development and the impact of the financial crisis, the following paragraph gives a general overview about the timeline of the financial crisis and the series of reactions which caused, at the end, the failure of the American banking system and led to a worldwide economic downturn with the result of the global economic crisis. The topic of this paper is the failure of the American banking system, but as the banking systems of the whole world are interdependent, the whole situation and the whole crisis has to be investigated.

Electronic Bank Account Management (eBAM): Automate and standardize a variety of tasks—from opening, closing and maintenance of legal entities and bank accounts, to adding

The adoption of Electronic Point of Sale (EPoS), Electronic Funds Transfer Systems (EFTPoS) and electronic scanners have greatly improved the efficiency of distribution and stocking activities, with needs being communicated almost in real time to the supplier.

Features: E.F.T.A.P.S helps people pay for good by transferring money from there bank cards to the businesses instead of using cash. E.F.T.A.P.S makes sure that the customer’s credit or debit card is read by a card reader when it’s being swiped when the customer is purchasing a product. E.F.T.A.P.S allows customers to receive request which are sent by the bank requesting them authorisation of the payment. Therefore if approval is given by the customer to the business, money from the customer’s account are transferred into the businesses account. E.F.T.A.P.S allows people not have to withdraw any money out of the bank

The turmoil in the international financial markets of advanced economies, that started around mid-2007, has exacerbated substantially since August 2008. The financial market crisis has led to the collapse of major financial institutions and is now beginning to impact the real economy in the

With the advance technology, banking has become a 24 hours a day and seven days a week ability. Not too long ago banks were only open from 9:00am to 3:00pm, workers and businesses rushing to get to the bank before they close. Paychecks were handed out personally not direct deposit, cashing or depositing a paycheck entailed a trip to the bank. Now most companies have direct deposit and the printed paycheck is becoming a thing of the past, this is only one example of how technology in banking has changed in society. The electronic banking (e-banking) can be described as the automated method of new and traditional banking services which reduce cost, and simplify front and backend process satisfying customers.

ATM fund transfer: This is another simple and convenient method to make your Indusland Bank credit card bill payment with ease. However, to transfer fund via ATM, users have to first select the bill payment option for credit card and then choose the account through which they wish to make the further payments. Once this step is completed, users have to enter the number of the beneficiary credit card and confirm the transactions.

In the past two decades, economic analysts and policy makers have recognized that the financial system can significantly contribute to economic growth. Observing the changes that have taken place, a result has arisen that a liberalized financial sector operating in a competitive, open environment with market-based supervision based on international norms, is the best contribution to economic development. The new market-based paradigm for the design of financial systems contrasts with earlier thinking about the appropriate role for official intervention in the financial system. In the past, financial institutions, especially banks, were considered "special" entities in which it was appropriate for governments to intervene regularly in detecting a wide range of economic and social objectives . While, in earlier times, the financial sector differentiated strongly among countries and influenced by national rules .

An efficient banking system and well functioning capital market, capable of mobilizing the savings &channeling them to productive uses, are essential if the efforts at economic restructuring are to succeed. While both the banking systems and capital markets have shown impressive growth in the volume of operations. Unless major reforms were initiated it was difficult to

It has been a long time since we adopted electronic payments. Currently the most common form of an electronic payment is the use of EMV (Europay, MasterCard, VISA) cards with a magnetic stripe. These include credit cards, debit cards, prepaid cards, and now smart cards. In these processes the card or card number is swiped or entered into the merchant’s computer through a terminal. The terminal transmits data to the acquirer (a bank, for example), and then the acquirer transmits data through a card association to the card issuer who makes a decision on the transaction and relays it back to the merchant. Then, the merchant gives the goods or services to the cardholder. Funds flow later for settlement with credit cards and are debited immediately for debit or prepaid cards.

Singh Jagwant (1993) in his book is concerned with trends and changes in productivity with particular emphasis on employee and branch productivity in the Indian banking industry. It determines the level of productivity and its growth during the period 1969-85. The 22 public sector banks i.e. banks of the SBI group and 14 nationalised in 1969 have been taken up for the study. The study attempts to make cross-sectional and intertemporal analysis on the basis of 17 indicators. The indicators have been divided into 3 categories which measure labour productivity, branch productivity and financial productivity. T-scores have been used for giving ranking to the banks. The ranking of the banks reveal that most significant improvement in the ranking was achieved by Indian Bank and Indian Overseas Bank. From the SBI group the performance of State Bank of India was better.

ICICI Bank is an Indian multinational saving money and monetary administrations organization headquartered in Mumbai, Maharashtra. Starting 2014 it is the second biggest bank in India as far as resources and business sector underwriting. It offers an extensive variety of saving money items and monetary administrations for corporate and retail clients through an assortment of conveyance directs and specific auxiliaries in the ranges of venture managing an account, life, non-extra security, funding and resource administration. The Bank has a system of 3,845 extensions and 12,012, Atms in India, and has a vicinity in 19 nations.

Now a days electronic banking has become t.h.emost advanced technique used all over t.h.eworld. T.h.estudy concentrates on E-money administration quality and consumer loyalty level. Managing an account administration diminish t.h.eexpense with standard saving money framework by diminishing transforming time, brisk exchange, enhancing t.h.esuppleness of keeping money exchange and offering better client benefit through web saving money. T.h.eorigination managing an account has experienced different upgrades over t.h.etime of more than sixty years. Indian saving money framework ought to be irritated free as well as it to be in proficient to meet new difficulties to make by t.h.eprogression innovation with numerous outside and inward components. For as long as three decades, India 's managing an account area have various phenomenal fulfillments amazingly.