AADYA -National Journal of Management and Technology

Open Access Open Access  Restricted Access Subscription Access

E-Banking:Advantages, Challenges and Opportunities in the Indian Context


Affiliations
1 Banasthali Vidpyaith, Rajasthan, India
2 YMT College of Management, Kharghar, Navi Mumbai, India
 

There has been an extensive expansion of the Indian financial system, out of which the banking sector is considered as the most significant component. Banks are the lifeline of any economy and are indispensable in a modern society. Today banks have expanded their purview of activities and are getting into new range of products and services like e-banking services, investment banking, mutual funds, general insurance, credit cards, demat services and so on. Due to liberalization, the financial system has a greater role to play than in the past and thus one cannot afford to ignore the importance of existence of a strong Indian banking sector. Increasing levels of competition and information age environment have exposed banks to a variety of challenges like technology, customer service, Basel III norms, new accounting standards, transparency, disclosure and corporate governance. The present study is an attempt to study the status of e-banking in India, growth in e-banking transactions, advantages and risks associated, challenges ahead, opportunities and managerial implications arising out the study.

Keywords

E-Banking, Challenges, Risks, Opportunities, Managerial Implications.
User
Notifications
Font Size

  • Kaur K., Rajneesh (2014). Electronic Banking in India: Innovations, Challenges and Opportunities, International Journal of Management and Commerce Innovations ISSN 2348-7585 (Online) Vol. 2(1), April 2014 - September 2014, 86-93.

  • Haq, S., Khan, M. (2013). E-banking challenges and opportunities in the Indian banking sector. Innovative Journal of Business and Management, 2(4), 56-59.

  • Chavan, J. (2013). Internet banking- Benefits and challenges in an emerging economy. International Journal of Research in Business Management, 1(1), 19-26.

  • Gupta, P., Mishra, C. M. (2012). E-banking- New emerging trends in Indian banking industry. Research Journal of Economics and Business Studies, 1(10), 1-3.

  • Thulani D., Tofara C. & Langton R. (2009).’Adoption and Use of Internet Banking in Zimbabwe: An Exploratory Study,’ Journal of Internet Banking and Commerce, Vol. 14 (1), 1-13.

  • Srivastava, R. K. (2007). Customer’s perception on usage of internet banking. Innovative Marketing, 3(4), 67-73

  • www.rbi.org.in


Abstract Views: 475

PDF Views: 299




  • E-Banking:Advantages, Challenges and Opportunities in the Indian Context

Abstract Views: 475  |  PDF Views: 299

Authors

Rameesha Kalra
Banasthali Vidpyaith, Rajasthan, India
Bhagyashree Narayan
YMT College of Management, Kharghar, Navi Mumbai, India

Abstract


There has been an extensive expansion of the Indian financial system, out of which the banking sector is considered as the most significant component. Banks are the lifeline of any economy and are indispensable in a modern society. Today banks have expanded their purview of activities and are getting into new range of products and services like e-banking services, investment banking, mutual funds, general insurance, credit cards, demat services and so on. Due to liberalization, the financial system has a greater role to play than in the past and thus one cannot afford to ignore the importance of existence of a strong Indian banking sector. Increasing levels of competition and information age environment have exposed banks to a variety of challenges like technology, customer service, Basel III norms, new accounting standards, transparency, disclosure and corporate governance. The present study is an attempt to study the status of e-banking in India, growth in e-banking transactions, advantages and risks associated, challenges ahead, opportunities and managerial implications arising out the study.

Keywords


E-Banking, Challenges, Risks, Opportunities, Managerial Implications.

References