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PHASE 2
Nationalization of Indian Banks
and up to 1991 prior to Indian
banking sector Reforms.
PHASE 3
New phase of Indian Banking
system with the advent of Indian
Financial & Banking Sector
Reforms after 1991.
ACCEPTING DEPOSITS
ISSUAL OF DEMAND
DRAFTS
GRANTING LOANS &
ADVANCES
UNDERTAKING SAFE
CUSTODY OF
VALUABLES,IMPORTANT
DOCUMENTS &
SECURITIES BY
PROVIDING SAFE
DEPOSIT VAULTS OR
LOCKERS
DOCUMENTATION IS
MAINTAINED THROUGH
LEDGERS ONLY.
MINIMUM BALANCE FOR
OPENING AN ACCOUNT
WAS MORE DURING THIS
PERIOD.
CREDITS WERE GRANTED
AT VERY HIGH RATE OF
INTEREST.
TOKEN SYSTEM FOR
WITHDRAWAL OF CASH
FROM THE ACCOUNT.
POSSIBILITY OF HUMAN ERRORS .
TIME CONSTRAINT.
CUSTOMER RELATIONSHIP WAS LIMITED.
OVER DRAFT WAS NOT AVAILABLE.
PROCESSING FEES WAS CHARGED FOR ALL
THE TRANSACTIONS .
PASSING OF CHEQUES WAS DELAYED.
LIMITED USE OF TECHNOLOGY.
WHY TECHNOLOGY IN BANKS ?
TO TRANSFORM FINANCIAL SERVICES INDUSTRY IN THE NET-
WORKED WORLD:
Planning for
Disasters
Pre-requisites for
Technology
CORE BANKING
SOLUTIONS(CBS)
“Pooling data at central
server”
CUSTOMER
RELATIONSHIP
MANAGEMENT(CRM)
ELECTRONIC FUND TRANSFER(EFT)
ELECTRONIC CLEARING SYSTEM(ECS)
ANY BRANCH BANKING
RISK MANAGEMENT
ATM’S
CARD MANAGEMENT
MOBILE BANKING
HACKING
PHISHING
PHARMING
SKIMING
TROJAN
“The reforms to the old Banking system with
the advent of technology has bought in a
dramatic change in its functioning and has
increased customer relationship.”
Technology in Indian Banking[Commercial
Banking].
Traditional Banking System in India.
Trend & progress of Banking in India, RBI
2006
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