International Research journal of Management Science and Technology
ISSN 2250 - 1959 (online) ISSN 2348 - 9367 (Print) New DOI : 10.32804/IRJMST
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RECENT TREND AND DEVELOPMENT OF BANKING SYSTEM IN INDIA
1 Author(s): DR. PRABHA SINGH
Vol - 9, Issue- 11 , Page(s) : 18 - 22 (2018 ) DOI : https://doi.org/10.32804/IRJMST
Banks plays an important role in the modern economy. Due to changing scenario, banks are paying more attention to expanding their activities from just lending and borrowing to other ends like, insurance merchant banking, leasing, electronic banking etc. Every bank has changed its working and technology by using the recent technological trends. Banking through e-channels has added increasing popularity in recent years. This system, popularly known as e-banking, provides alternatives for faster delivery of banking services that is offering, supplying and delivering banking products and services to a wide range of customers at their offer or home through various electronic delivery channels via electronic devices. During the transactions, banks have seen tough competition, risk, and revolutionary changes forcing them to take immediate steps to retain market share, redress the grievances of customers as fast as possible by maintaining good environment, rendering considerate services to customers with the help of latest technological innovations and products. The different technologies which are used by banks for conducting day-to-day operations, interbank transaction have been changed over the year.