International Journal of Financial Management and Economics
Vol. 4, Issue 2 (2021)
Impact of e-commerce in India on merger of public sector banks
Electronic commerce is called short form in e-commerce. E-commerce has had a huge impact on the merger of public sector banks. The field of e-commerce is huge and its impact has been on every sector to a large extent. It has also affected the public sector banks found in India. E-Banking comes under E-Commerce and E-Banking comes under, E-Deposit, E-Finance, E-Account Opening, E-Transaction, E-Verification, E-Communication, E-Settlement, E- Inquiry, and E- Helping, etc. In the time of the Corona epidemic, e-commerce has had a more profound effect on bank mergers. With the merger of the bank, the bank's 20 have now been reduced to six. Controlling it has become quite easy. This can be handled well and easily through e-commerce. The branch of e-commerce is so big that it cannot be understood so easily. To make India's economy more and more strong, banks have been merged and it can be easily controlled which can be done only through e-commerce. E-commerce does not mean only business, but all the transactions related to it are exchanges in which work is done through electronic means, all of them come under e-commerce.