E Banking ICT Plus Banking for Boosting Business

After the demonetisation exercise of November 2016 E Banking has come to receive a renewed impetus. Today even owner of small shops in cities offer you an e payment option. Strong banking system is a prerequisite for healthy and prosperous economy. Today Information and communication technology ICT has taken the centre stage in almost every aspect of human life. ICT helps the banks to improve the efficiency and effectiveness of the services offered to the customers and enhances the business processes. E banking is one way how ICT has transformed banking. Today I am no longer customer of a bank branch rather I am a customer of the entire banking system. ICT has connected all the banks as well as customers of all banks. Today need to visit a brick and mortar bank branch is minimal only to deposit money in one’s account. This is saved businesses a lot of time and efforts. To be successful in the 21st century, every part of the world needs to move towards innovation in every domain life, based on an adequate and intensive use of information and communication technology ICT . Towards this, paper aims to examine the impact of ICT in general and e banking in particular on transforming businesses. This paper is mainly based on secondary source for data collection. Finance and time is limiting factor for this study. Mrs. Surekha A Sangrulkar "E-Banking- ICT Plus Banking for Boosting Business" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Special Issue | Fostering Innovation, Integration and Inclusion Through Interdisciplinary Practices in Management , March 2019, URL: https://www.ijtsrd.com/papers/ijtsrd23074.pdf