Yojna 3. Use of technology- Mobile Banking 4. Business Correspondent model These solutions have been tried and tested under different circumstances and they each have their own unique pros and cons. We tried to have a comparative study of the above solutions to check which fits the current solution fits best to India’s situation. New Banking Licenses While conventional banks have been in existence for past several decades, RBI
EMERGING TRENDS IN IT AND SYSTEM INFRASTRUCTRE IN BANKING INTRODUCTION . In the banking field, there has been an unprecedented growth and diversification of banking industry has been so stupendous that it has no parallel in the annals of banking anywhere in the world. The major challenges faced by banks today are as to how to cope with competitive forces and strengthen their balance sheet. The Indian banks are subject to tremendous pressures to perform as otherwise their very survival would
How has technology changed the banking industry? Technology growth in the financial industry are changing the way consumers bank. As consumers, corporations, and governments keep on demanding more efficiency, the payment system will continue to become more complex. In conformity with Wright, R. E., & Quadrini, V. (2009), states that the advent of cheap electronic computing and digital telecommunications after World War II, did in the end stimulated important innovation. Technology has had a very
Standardization Standardization is the process of gathering, analyzing, classifying, treating, collating and arranging research dissertation subjects for a certain study or project. For Universities to compare the research dissertation results carried out by most undergraduate or master’s level students in university of one group with the results of the other group, such University needs a standardization of its results process. Standardized tests provide the opportunity that each undergraduate or
Three Factor Authentication in Net banking Abstract: This paper elaborate a method of how the three factor authentication executed using a mobile phone as a software token for one time password generation.one time password to protect a user accounts. The proposed method provides a security assurance for online transaction. The proposed system involves generating and delivering a one time password to mobile phone and mail. Generated OTP could be send to mobile phone in form of SMS and also to the
“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
insurance company, we conducted a feasibility study to show the viability of the project. A financial feasibility study states how much start-up capital is needed, from where the capital is going to be raised, returns on investments, and other financial considerations. It shows how much cash is needed, the sources of cash, and how it will be spent. This study answers the questions: will the idea work? And should you proceed with it? A feasibility study has six components: 1) Description of the Business:
impact on the life of human beings. Technology helps to reduce many barriers to acceptance of mobile services. Increasing globalization has led to more mobility and therefore to greater demand for mobile, ubiquities services that can be consumed “anytime, anywhere”. This paper highlights the key characteristics of the E-Commerce and M-Commerce and the demand for these into the present scenario. The present study also evaluates the difference between the E-Commerce and M-Commerce. Electronic commerce is
INDRODUCTION 1.1 Background of the study Information Technology (IT) plays a vital role in all sectors in businesses today. This is mainly due to its high organizational impact and rapid expansion of IT applications in the recent past. This is particularly true in the information intensive industries, such as banking. It is well known that commercial banks increasingly use IT to gain competitive advantage. Since the mid-1990s, there has been a fundamental shift in banking delivery channels toward using
India has a wide spread banking network and ample financial system. Over the last few years banking industry has show tremendous advancements in its operation in India. Use of Information technology has helped in widening the scope of banking in the country. In spite of all these efforts taken still some part of the country remains untouched from these benefits. Thus we see that on one hand when one part of our country is having access not only to the basic banking facilities but also to advanced