OBJECTIVE

WHAT IS E-BANKING? SERVICES OFFERED IN E-BANKING.

VISIT TO A LOCAL BANK --- KASB BANK

E-BANKING SERVICES OFFERED BY KASB BANK.

ALTERNATE BANKING CHANNELS

Internet Banking Automated Teller Machines Online Banking E-Banking Credit Cards Debit Cards

Mobile Banking

DIFFERENCE BETWEEN E-BANKING AND ONLINE BANKING

THE DIFFERENCE
ONLINE BANKING
Online banking is the facility to operate your bank account from any branch of the bank other than the branch in which your actual account was opened. ATM is also an online facility as you can withdraw you cash from any ATM of any bank.

E-BANKING
E-Banking is the facility to control and view your account through the internet and use your account to carry out the desired services from those offered by the bank. ATM of the same bank can be used to transfer funds and pay utility bills.

WHAT IS E-BANKING?

SERVICES OFFERED UNDER E-BANKING

1. 2. 3. 4. 5. 6. 7. 8. Credit cards Debit cards Smart cards Electronic funds transfer (EFT) system Mobile banking Internet banking Telephone banking Automated Teller Machines (ATM)

KASB Bank Limited was incorporated on October 13, 1994 as Platinum Commercial Bank Limited. The name of the bank was subsequently changed to KASB Bank Limited on February 21, 2003, when the majority shareholding was acquired by the KASB Group. Its shares are listed in the Karachi Stock Exchange (KSE) Lahore Stock Exchange (LSE) and Islamabad Stock Exchanges (ISE).

VALUES AT KASB BANK

V Vision, Customer Focus and Innovation

A
L U E S

Attitude, Passion and Quest that Drives KASB

Leadership, Sense of Integrity, Trust & Accountability Upright, Commitment to Being a Credible Corporate Citizen Excellence, Distinction as a Habit Synergy, Ability to Harness the Power of Teams

ACHIEVEMENTS
104 Branches in Pakistan Operations in 43 Cities, Nation Wide Network of 94 ATMs Country Wide 1Link ATM Service Internet Banking Phone Banking E-Banking Mobile Banking SMS Banking

BENEFITS THROUGH E-BANKING

I. It is easy to apply and free

II.
III. IV. V. VI.

Worldwide access
Instant access to update account information Unique ID and Password builds confidence in safe transactions No special software required It is convenient

VII. Secure: Uses 128-bit SSL for encryption

COMPARISON OF KASB BANK WITH STANDARD CHARTERED BANK

V/S

KASB
ATMs Phone banking i-banking SMS alert

Standard chartered bank yes yes yes Yes(complete)

yes yes yes Yes(restricted)

E-statements
Online fund transfers Bill payment Online cheaque book request Account information Credit card services

No
yes yes No Yes No

yes
yes yes yes yes yes

COMPARISON OF TRANSACTION COSTS WITH DIFFERENT CHANNELS

CONCLUSION
Due to technological advancements, developing trade and business needs people are gradually shifting to branchless banking or more specifically to eBanking.
The comparison of e-banking services offered by KASB and SCB shows that SCB is already offering comprehensive solutions. This is also because of the fact that since SCB is a foreign bank and was able to utilize benefit from transfer of technology from its international principals. However on contrary KASB is a local bank which developed and grew in line with local market.