After the demonetisation exercise of November 2016 E-Banking has come to receive a renewed impetus. Today even owner of small shops in cities offer you an e-payment option. Strong banking system is a prerequisite for healthy and prosperous economy. Today Information and communication technology (ICT) has taken the centre stage in almost every aspect of human life. ICT helps the banks to improve the efficiency and effectiveness of the services offered to the customers and enhances the business processes. E-banking is one way how ICT has transformed banking. Today I am no longer customer of a bank branch; rather I am a customer of the entire banking system. ICT has connected all the banks as well as customers of all banks. Today need to visit a brick and mortar bank branch is minimal-only to deposit money in one’s account. This is saved businesses a lot of time and efforts. To be successful in the 21st century, every part of the world needs to move towards innovation in every domain life, based on an adequate and intensive use of information and communication technology (ICT). Towards this, paper aims to examine the impact of ICT in general and e-banking in particular on transforming businesses. This paper is mainly based on secondary source for data collection. Finance and time is limiting factor for this study.
E-banking, Information & Communication Technology
International Journal of Trend in Scientific Research and Development - IJTSRD having
online ISSN 2456-6470. IJTSRD is a leading Open Access, Peer-Reviewed International
Journal which provides rapid publication of your research articles and aims to promote
the theory and practice along with knowledge sharing between researchers, developers,
engineers, students, and practitioners working in and around the world in many areas
like Sciences, Technology, Innovation, Engineering, Agriculture, Management and
many more and it is recommended by all Universities, review articles and short communications
in all subjects. IJTSRD running an International Journal who are proving quality
publication of peer reviewed and refereed international journals from diverse fields
that emphasizes new research, development and their applications. IJTSRD provides
an online access to exchange your research work, technical notes & surveying results
among professionals throughout the world in e-journals. IJTSRD is a fastest growing
and dynamic professional organization. The aim of this organization is to provide
access not only to world class research resources, but through its professionals
aim to bring in a significant transformation in the real of open access journals
and online publishing.