Volume : II, Issue : I, January - 2013

A critical Study of Net–Banking Services in Banks : Strength and Weaknesses

Dr. A. V. Nikam, Dr. Sudhakar D. Bhoite

Abstract :

There has been a tremendous and dynamic change in the financial services arena across the world since the last few years. The changed scenario integrating the Indian economy with global economy due to the rapid technological advancements, globalization and deregulation. Western Maharashtra has initiated liberalization which opened up the banking sector to the private sector to provide better coverage of long term financial resources to the customers. Banks provides innovative schemes and services to attract customers and to generate income through fee based services to improve the profitability of banks. Banking industry playing very significant role for the development of rural area. In India most of the banks are providing banking services and products through ATMs, net banking, tele banking as well as provides facilities like credit card and debit cards etc. The technology can be only the solution that ensures accuracy, less time result if used properly. Hence IT awareness of customers and employees of banks is essential. Banks have many schemes like pension scheme, super saving package scheme, recurring deposit scheme and fixed deposit schemes. The schedule commercial banks have adopted innovative banking practices as a new strategy of banking business. Innovative banking refers to using new method, new technician, and novel scheme in deposit mobilization, bank management and credit development. Due to great advancement in information technology it is possible to provide these services through advanced IT setup. This paper focuses on the net banking services provided by the banks to their customers with its strength and weaknesses

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Article: Download PDF   DOI : 10.36106/ijsr  

Cite This Article:

Dr. A. V. Nikam,Dr. Sudhakar D. Bhoite A critical Study of Net-Banking Services in Banks : Strength and Weaknesses International Journal of Scientific Research, Vol.II, Issue.I January 2013

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