International Journal of Financial Management and Economics
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E-ISSN: 2617-9229|P-ISSN: 2617-9210
International Journal of Financial Management and Economics
Printed Journal   |   Refereed Journal   |   Peer Reviewed Journal
International Journal of Financial Management and Economics
Vol. 6, Issue 1 (2023)

E-banking: Conceptual framework


Vipin Mittal

The banking business model globally is undergoing a paradigm shift. As India increasingly integrates with global financial markets, the winds of change are sweeping the Indian banking industry. From an era dominated by mass banking, The thrust now- a -days is on E-Banking i.e. Banking that is technology driven. Rapid computerization awareness of customer needs & competition are galvanizing Indian banks into making banking more convenient each day. E-banking has moved real banking behaviour closer to neoclassical economic theories of market functioning. Due to the absolute transparency of the market, clients (both business as well as retail) can compare the services of various banks mor easily. For instance, on the internet, competitors are only one click away. If clients are not happy with the products, prices or services offered by a particular bank, they are able to change their banking partner much more easily than in the physical or real bank-client relationship. From the banks’ point of view, use of the internet has significantly reduced the physical costs of banking operations. This paper focus on evolution of e-banking, need for e-banking, e-banking channels, e-banking scenario &e-banking key issues and solutions.
Pages : 38-42 | 34 Views | 16 Downloads
How to cite this article:
Vipin Mittal. E-banking: Conceptual framework. Int J Finance Manage Econ 2023;6(1):38-42. DOI: 10.33545/26179210.2023.v6.i1.165
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