Presented by:- ABHISHEK DAVE (147110592001) AJAY BHOI (147110592002)

Group No.:- 1

Submitted to:- Parul Institute of Management & Research

IMPACT OF IT IN BANKING SECTOR

Banking OF it’s impact

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