23-04-2012, 04:19 PM
Internet Banking
online banking.pdf (Size: 577.97 KB / Downloads: 207)
Background
Banks have traditionally been in the forefront of harnessing technology to improve their
products, services and efficiency. They have, over a long time, been using electronic
and telecommunication networks for delivering a wide range of value added products
and services.
Constitution of the Working Group
In the above background Reserve Bank of India constituted a Working Group to
examine different issues relating to i-banking and recommend technology, security,
legal standards and operational standards keeping in view the international best
practices. The Group is headed by the Chief General Manager–in–Charge of the
Department of Information Technology and comprised experts from the fields of
banking regulation and supervision, commercial banking, law and technology.
Approach of the Group:
The first meeting of the Working Group was held on July 19, 2000. It was decided
that members of both Working Group and Operational Group would participate in all
meetings and deliberations. The Group, in its first meeting identified the broad
parameters within which it would focus its deliberations.
The Group agreed that Internet banking is a part of the electronic banking (ebanking),
the main difference being that in i-banking the delivery channel was
Internet, a public domain. Although the concerns of e-banking and i-banking have
many things in common, the fact that Internet is a public domain called for additional
security measures.
online banking.pdf (Size: 577.97 KB / Downloads: 207)
Background
Banks have traditionally been in the forefront of harnessing technology to improve their
products, services and efficiency. They have, over a long time, been using electronic
and telecommunication networks for delivering a wide range of value added products
and services.
Constitution of the Working Group
In the above background Reserve Bank of India constituted a Working Group to
examine different issues relating to i-banking and recommend technology, security,
legal standards and operational standards keeping in view the international best
practices. The Group is headed by the Chief General Manager–in–Charge of the
Department of Information Technology and comprised experts from the fields of
banking regulation and supervision, commercial banking, law and technology.
Approach of the Group:
The first meeting of the Working Group was held on July 19, 2000. It was decided
that members of both Working Group and Operational Group would participate in all
meetings and deliberations. The Group, in its first meeting identified the broad
parameters within which it would focus its deliberations.
The Group agreed that Internet banking is a part of the electronic banking (ebanking),
the main difference being that in i-banking the delivery channel was
Internet, a public domain. Although the concerns of e-banking and i-banking have
many things in common, the fact that Internet is a public domain called for additional
security measures.