Post on 08-Aug-2015
Presented by:- ABHISHEK DAVE (147110592001) AJAY BHOI (147110592002)
Group No.:- 1
Submitted to:- Parul Institute of Management & Research
IMPACT OF IT IN BANKING SECTOR
Reserve Bank India
Scheduled banks
Commercial banks
Co-operative banks
Foreign banks(40)
Regional rural
banks(196)
Urban co-operatives
(52)
State co-operative(16)
Public sector banks(27)
Private sectors banks(30)
State bank of India(8)
Other nationalized banks(19)
Old(22) New(8)
Banking Sector In India
Intense competition
Lowered pre-emptions
Broadening the ownership base of PSBs
Value Added Services
Impact on Indian Banking Sector
Technology In Banking
Revolutionized banking practices
EFT (Electronic funds transfer)
Debit and credit cards
Phone banking
ATM
Internet banking
• Customer Service– Multiple Delivery Channels• Coin & Note Dispensing Machines– For the general public
• Interactive Voice Response System– For banks and financial institutions
• Web server– For government customers
user of technology
• Customer Service– Improvements in payment and settlement
systems • MICR (Magnetic Ink Character Recognition) Clearing
– Enabling faster clearing of cheques• Cheque Truncation & E - Cheques
– On the drawing board• ECS/EFT
– Enabling T+2 settlement of our equities market• National EFT
– Enabling T+0 settlement of all customer funds transfer transactions
user of technology
Multilayer banking structure
Dilution of government stake PSBs
Slow growth rate of the economy
Difficulty in entry at the market level
Future Of Banking
9
Human Resource
Empowerment
Business Process
Re-engineering
Planning for
Disasters
Pre-requisites for Technology