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CONTENT :
CONTENT What is E-banking? Development of E-banking RBI & E-banking Advantages of the E-Banking Disadvantages and Risk of E-banking Precaution of risk and security Persecutions

What is E-banking? :
What is E-banking? Definition: The provision of banking service through electronic channels and the customer can access the data without time and geographical limitation.

Development of E-banking :
Development of E-banking 1980s : - Rapid development of the Internet - TCP/IP system (communication system) - E-commerce

Development of E-banking :
Development of E-banking May 1995 : Wells Fargo - the first bank in the world to offer customer access to their accounts over the internet . Allows customer to see their accounts online

Development of E-banking :
Development of E-banking ICICI was the first bank to initiate the Internet banking revolution in India as early as 1997 under the brand name 'Infinity'. ICICI Bank kicked off online banking way back in 1996 . But even for the Internet as a whole, 1996 to 1998 marked the adoption phase, while usage increased only in 1999-due to lower ISP online charges, increased PC penetration and a tech-friendly atmosphere.

RBI & E-Banking :
RBI & E-Banking The Reserve Bank of India constituted a working group on Internet Banking. The group divided the internet banking products in India into 3 types based on the levels of access granted. They are:- i) Information Only System: ii) Electronic Information Transfer System: iii) Fully Electronic Transactional System:

Slide 8:
Information Only System: General purpose information like interest rates, branch location, bank products and their features, loan and deposit calculations are provided in the banks website. There exist facilities for downloading various types of application forms. The communication is normally done through e-mail. There is no interaction between the customer and bank's application

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