29-06-2012, 05:27 PM
E-BANKING INDIAN PERSPECTIVE AND RISK MANAGEMENT
E-BANKING INDIAN PERSPECTIVE .ppt (Size: 1.67 MB / Downloads: 35)
E-BANKING
Banking done electronically is electronic banking. In other words, it is the products and services provided by the banks by using the electronic media or internet.
RISK MANAGEMENT
Risk management is a process to Identify the risks
Risk management should be a systematic process to identify, analyze, treat and monitor all possible risks
risk management practices associated with e-banking activities
Risk management is a essential process to make secure and sure the e-banking for people.
BENEFITS OF E-BANKING
Any time banking
Any where banking
Cash free banking
Reduction in Cost of transaction
Easy to make utility payments
On-line purchases
INDIAN PERSPECTIVE
Finland was the first country in the world to have taken in E-banking. In India, it was ICICI Bank which E-banking as early as 1997 under the brand name ‘Infinity’
Measures taken by RBI
A Reserve Bank of India (RBI) committee has come out with the road map for electronic banking and has sought legislation on EFT systems to facilitate multiple payment systems for banks and financial institutions.
The RBI has been gearing up to upgrading itself as a regulator and supervisor of the technologically dominated financial system