Globalization and the unmarked inclination in the Indian banking sector
Summary :
Table of Contents
- Introduction
- Information technology
- Application of information technology
- Benefits of E-banking services
- Reasons for poor achievement
- Conclusion
- Bibliography
Abstract
The banking sector is in a transitional mode moving towards a vibrant global market and sophisticated information technology. Due to this changing scenario, banks are paying more attention to expanding their activities from just lending and borrowing to other ends like, insurance merchant banking, leasing, electronic banking etc. Even though these changes were expected after the nationalization of banks in 1969, it was noticed that the progress was slow necessitating a total revamping of the banking sector. Various reform measures were taken to strengthen the foundation of the system by improving asset quality, enhancing capital and improving profitability along with structural changes in the system. During this transition, banks have seen fierce competition, risk, and revolutionary changes forcing them to take immediate steps to retain market share, redress the grievances of customers as fast as possible by maintaining good ambiance, rendering courteous services to customers with the help of latest technological innovations and products.
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