Akhilesh Gurjarl E-bankibg

8/2/2019 Akhilesh Gurjarl E-bankibg

1/17

Presentation by

NEERAJ MUNJAL

MBA II Sem


2/17

networked individuals andfirms are more efficient

than networthedindividuals


3/17

Banking done electronically iselectronic banking. In other words,

it is the products and servicesprovided by the banks by using the

electronic media or internet.


4/17

Security risksOperational risksLegal risksTransactional risksLiquidity, Interest rate, Price/Market share

risks

Strategic RisksOther risks


5/17

Risk management is a process to Identifythe risks

Risk management should be a systematic

process to identify, analyze, treat andmonitor all possible risks

risk management practices associated withe-banking activities

Risk management is a essential processto make secure and sure the e-banking forpeople.


6/17

Electronic Funds Transfer (EFT)Automated Teller Machines (ATM)Point of Sales (PoS)Electronic Data Interchange (EDI)Credit CardsDebit Cards

Smart CardsDigital Cash


7/17

Any time bankingAny where bankingCash free bankingReduction in Cost of transactionEasy to make utility paymentsOn-line purchases


8/17

Competitive advantage Unlimited network

Lesser work load Marketing tool Lesser establishment costs Lesser chances of fraud &

misappropriation Better profitability Better customer relationship


9/17

Difficult in the adoption of technologyFear of technologyHigh cost of technologyLack of preparednessRestrictions on usage of technology


10/17

Finland was the first country in the worldto have taken in E-banking. In India, itwas ICICI Bank which E-banking as earlyas 1997 under the brand name Infinity


11/17

The Vice President of Global Trust Bank, P.C.Narayan says,

An electronic transaction costs as much as

65% less than a physical one. ATMs havedefinitely emerged as the new business modelfor the banks and the way banking has beenconducted. I think it is one of the remarkable

things that has happened to Indian BankingIndustry.


12/17

A Reserve Bank of India (RBI) committeehas come out with the road map forelectronic banking and has sought

legislation on EFT systems to facilitatemultiple payment systems for banks andfinancial institutions.

The RBI has been gearing up toupgrading itself as a regulator andsupervisor of the technologicallydominated financial system


13/17

Several initiatives taken by theGovernment of India as well as the RBIhave facilitated the development of E-banking in India. The Govt. of Indiaenacted the IT Act, 2000 with effect fromOct.17,2000, which provides recognition to

electronic transactions and other means ofelectronic commerce.


14/17

The potential of E-banking is huge. Withthe increase in connectivity, the number ofusers will explode, said by K.V. Kamat,

the CEO of ICICI Bank. The strategy for banks is to provide value-

added services to products to customersutilizing the Internet extensively.


15/17

Web based banking service or E-Banking,the latest generation of bankingtransactions, has opened up new window

of opportunity to the banks and existingfinancial institutions.

Since its evolution in 90th decade, it ishaving unprecedented growth.


16/17

The power of person-to-personcommunication and word of mouth cannever be underestimated


17/17

THANK YOU

Akhilesh Gurjarl E-bankibg

Documents