m


Presentation by
Ashutosh 309379
 m

6anking 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.
 m 
m m
 mm

ï mlectronic Funds Transfer (mFT)

ï Automated Teller Machines (ATM)
ï mlectronic Data Interchange (mDI)
ï Credit Cards
ï Debit Cards
ï Smart Cards

mm 
 m

ï Any time banking
ï Any where banking
ï Reduction in Cost of transaction
ï masy to make utility payments
ï On
On--line purchases
 Disadvantages
ï
  
ï      !
ï "!    !
ï
 #$$! 
% 
ï
&!%% %  
 
ï '(% 
 &!
ï '%  %! 
 m
 
ë


  



 









  

 










 

!
 Impacts in India
ï ICICI Ɲs profit to equity holders registered
a growth of 21%.
ï Citibank claims that its project Suvidha,
Suvidha,
which started off in 6angalore in early in
1998, has encouraged customers to
interact with electronically, using
telephones, the Internet, and ATMs.
 Impacts in India
ï The Vice President of Global Trust 6ank, P.C.
Narayan said,
ƠAn electronic transaction costs as much as
65% less than a physical one. ATMs have
definitely emerged as the new business model
for the banks and the way banking has been
conducted. I think it is one of the remarkable
things that has happened to Indian 6anking
Industryơ.
 Initiatives taken by R6I
ï Several initiatives taken by the
Government of India as well as the R6I
have facilitated the development of m-
m-
banking in India. The Govt. of India
enacted the IT Act, 2000 with effect from
Oct.17,2000, which provides recognition
to electronic transactions and other means
of electronic commerce.
 Initiatives taken by R6I
ïA Reserve 6ank of India (R6I) committee
has come out with the road map for
electronic banking and has sought
legislation on mFT(mlectronic financial
transaction) systems.
ï The R6I has been gearing up to upgrading
itself as a regulator and supervisor of the
technologically dominated financial system
 ConclusionƦ
ƠThe potential of Ơm-
Ơm-banking is huge. With
the increase in connectivity, the number of
users will explodeơ, says K.V. Kamat
Kamat,, the
former CmO of ICICI 6ank.
ï The strategy for banks is to provide value-
value-
added services to products to customers
utilizing the Internet extensively.
Web based banking service or m- m-6anking,
the latest generation of banking
transactions, has opened up new window
of opportunity to the banks and existing
financial institutions.
Since its evolution in 90th decade, it is
having unprecedented growth.
 ")*
+
+

,"