relating to e-banking in India. With the advent of information technology also issues and challenges are come. The e-banking also has both advantage and disadvantage. At one sides it provides great benefits to the people and other sides it also contains issues relating to it. The security issue is one of the main issues of e-banking in India. The security issues are arises on account of unauthorized access to banks important information of customers account, risk management system etc. Through hacking
concept of modern banking was first traced in medieval Florence in 1397. A powerful merchant family named Medici established a network of shops that allowed patrons to place money on account and withdraw the money in another city that had a Medici representative. Many affluent families and the Church kept their money in Medici banks. This allowed rich people to travel without taking large sums of money with them, this reduced the risk of robbery while travelling. Banking continued to gain
BANKING IN INDIA Without a sound and effective banking system in India it cannot have a healthy economy. The banking system of India should not only be hassle free
“A Study on Banking Sector Reforms in India Opportunity and Challenges) ” Abstract: The economic reforms lead by the Government of India about 2 decades before have changed the landscape of various sectors of the Indian economy. The Indian banking sector is no special case. This sector is going through major changes as a outcome of economic growth. The role of banking industry is very vital as one of the leading and mostly essential service sector. India is the biggest economy in the world
In many economies, these enterprises contribute more than 90%of the total enterprise. MSMEs account for major share in industrial production and exports. Even in India these sector play a major role in the industrial growth and development. Compared to overall industrial sector, MSME sector has constantly showed higher growth rate. The MSME sector face many challenges such as timely credit availability
nature. Services include activities like retail shops, banking, hospitality, real estate, education, health, social work, etc. The service sector is a very crucial part of the economy. Service sector in India has grown up by 55% in India’s GDP 2006-2007. Service Sector business’s is now increasingly focuses on so called “knowledge economy”. They need to keep ahead of other businesses by understanding what are
Role of financial inclusion in enlightening Indian financial system Dr. Vani laturkar and Miss. Jaya Muley School of Management Sciences, Swami Ramanand Teerth Marathawada University, Nanded --------------------------------------------------------------------------------------- Abstract: Now-a-days the topic of financial inclusion is standing as an emerging new model of economic intensification. Financial
organized money market are as follows. (i)Reserve Bank of India (RBI) RBI occupies a central position in the monetary and banking structure of the country and acts as the leader of the money market in supervising, controlling and regulating the activities of all commercial banks. It is vested with certain prerogative powers by an act of parliament to regulate the monetary system in the country. The main functions performed by RBI in India are follows: • The central bank has the sole right of issuing
institution that deals in money and its substitutes and provides crucial financial services. The principal type of banking in the modern industrial world is commercial banking & central banking. Banking Means "Accepting Deposits for the purpose of lending or Investment of deposits of money from the public, repayable on demand or otherwise and withdraw by cheque, draft or otherwise." -Banking Companies (Regulation) Act,1949 The concise oxford dictionary has defined a bank as "Establishment for custody
Industrial Production in India is reported by the Ministry of Statistics and Programme Implementation (MOSPI). Industrial Production in India increased 5 percent in February of 2015 over the same month in the previous year. It is the highest gain in nine months due to a 5.2 percent increase in manufacturing and a 2.5 percent rebound in the mining sector. Industrial Production in India averaged 6.54 percent from 1994 until 2015, reaching an all-time high