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UNIVERSITY OF PETROLEUM & ENERGY STUDIES
SCHOOL OF LAW
SEMESTER - V
ACADEMIC YEAR: 2019-2020 SESSION: JULY-DECEMBER
PROJECT
FOR
Banking and Negotiable Instruments Law
Under the Supervision of: Shruti Dasgupta
E- Banking ANALYTICAL STUDY
NAME NAMAN YADAV
SAP NO.
ROLL NO.
NAME SHASHWAT MISHRA
SAP NO.
ROLL NO.
NAME ATAL MISHRA
SAP NO: 500070907
ROLL NO 12921804
Abstract
The World is launching towards advance technology as artificial intelligence has took over human beings here we not only concerned with banking sectors all the major working sectors are completely dependent upon e-services. As far as Indian banking sector is concerned we are also launched towards technological advancement. In Past 10 years India have witness a tremendous developments with immense efforts made by Government of India & RBI (Reserve Bank of India) to advance Indian banking sector and Demonetisation gave a boost to it as it was observed that who were having access to e-banking serviced didn't have to suffer in the cue of ATMs and Bank. ATM and Mobile Banking is becoming most popular mode of transection in every sectors. Banks today operate in a highly globalized, liberalized, privatized and a competitive environment. In order to survive in this environment banks have to relay upon Information Technology. IT has introduced new business paradigm. It is increasingly playing a significant role in improving the services in the banking industry. All the banks are at different stages of offering e-banking services so the extent of services is also different. In order to acquire the new customers as well as to retain the existing one, banks are very much cautious about E- banking services. Banks should develop such kind of services through which customer can transact from anywhere, anytime. In some of the services like balance inquiries, transaction history, transfer of funds online, ATM services ;all the banks are offering excellent services to the customers. E-banking signifies and encompasses the entire sphere of technology initiatives that have taken place in the banking industry. Its a technological advancement in the banking sector. It is a generic term making use of electronic channels through telephone, mobile phones, internet etc. for delivery of banking services and products. Now we can transfer any sum of amount with our finger tips any time and from anywhere. E- banking is not only helping in money transection but we can access all of the details regarding our bank transection, balance check, etc. Impact of e banking have now reached in the rural areas of India. Small shops, dairy, hair salons etc, are now accepting the payments through the UPI and PYTM etc. This is good sign of advancement of India towards the technological world.
