E-BANKING

R.KORAKKAN

E-Banking: The Provision of banking service through electronic channels and the customer can access the data without time and geographical information

Objective : To prove E-banking is one-stop financial service provider

HISTORY
ICICI was the first bank to initiate the Internet banking revolution in India as early as 1997 under the brand name 'Infinity'. ICICI Bank kicked off online banking way back in 1996 . But even for the Internet as a whole, 1996 to 1998 marked the adoption phase, while usage increased only in 1999-due to lower ISP online charges, increased PC penetration and a techfriendly atmosphere.

As per Mr. K.V.Kamath, MD and CEO ICICI Ltd.,

Technology today, particularly via the internet, is creating a platform-independent, low cost communication infrastructure permeating all sectors of the economy and providing an affordable medium to conduct business.

E- Banking Setup

INTERNET BANKING IN INDIA

Information System
Electronic Information Transactional System Fully Electronic Transactional System

services through E-Banking

Bill payment service Fund transfer Credit card customers Railway pass Investing through Internet banking Recharging your prepaid phone

Advantages
Convenience Ease of Monitoring Ease of Transaction

Disadvantages
Security Matter No perfect System Transaction Problem

Conclusion
E-banking enabled the banks to position themselves as a one-stop shop financial service provider with a fairly exhaustive range of products, including deposit products, loans, credit cards, debit cards, depository (custody services), investment advice, bill payments and various transactional services. E-banking accelerates Globalization.