Volume : III, Issue : IV, April - 2014

Recent Technological Development in Indian Banking Sectors

P. R. Kousalya, M. Manonmani

Abstract :

Banking sector plays a significant role in development of Indian economy. So banks need to optionally leverage technology to increase penetration, improve their productivity and efficiency, deliver cost-effective products and services, provide faster, efficient customer service and thereby, contribute to the overall growth and development of the country.Effective use of technology has a multiplier effect on growth and development.Banking technology as a several disparate disciplines such as finance, information technology, computer science, communication technology, and marketing science.The present evolution of banking, the tremendous influence of information and communication technologies on banking and its products. It also highlights the use of advanced statistics and computer science tomeasure, mitigate, and manage various risks associated with bank business with its customers and other banks. The chapter concludes by saying that the recent banking technology discipline is all set for rapid growth in future.

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Article: Download PDF   DOI : 10.36106/ijsr  

Cite This Article:

P.R.Kousalya, M.Manonmani Recent Technological Development in Indian Banking Sectors International Journal of Scientific Research, Vol.III, Issue. IV Apr 2014

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