Technological Expansion in E-Banking Payments: A Comparative Study of State Bank of India and Karnataka Bank Ltd.

In the global context of India's banking and financial system has seen some major financial innovations in the past decade as well as steps to promote technological and digitalization of e- banking payment services. The various innovations in banking and financial sector such as, ECS, RTGS, EFT, NEFT, ATM, Debit & Credit Cards, payments of utility bills, fund transfers, internet banking, telephone banking, mobile banking, issue of free cheque books, traveler's cheques and many more value added services etc. The present study focused on comparative study of E-banking payments between state bank of India and Karnataka bank Ltd. The main objectives of the study is to highlight the theoretical framework of digitalization and technological innovation in banking section in general and to examine the volume of national electronic fund transfer (NEFT) transactions in State Bank of India and Karnataka Bank Ltd. And also to assess the volume and value of real time gross settlement (RTGS) transactions in State Bank of India and Karnataka Bank Ltd. In these paper data has been collected from secondary sources and for the purposes of analysis or to measure adequacy of data applied Independent sample T- Test, descriptive statistics and one way ANOVAs test, therefore this study finds out there is no significant difference between volume and value of E-banking payment (NEFT and RTGS) transactions towards state bank of India and Karnataka bank Ltd.