THE IMPACT OF INTERNET BANKING IN INDIA – AN OVERVIEW

In the 1990s, the banking sector in India saw greater emphasis being placed on technology andinnovation. Banks began to use technology to provide better quality of services at greater speed. The Internet Banking is becoming one of the fastest growing technologies that is playing a significant role in the daily lives of human beings. Internet Banking and Mobile Banking made it convenient for customers to do their banking from geographically diverse places. Banks also sharpened their focus on rural markets and introduced a variety of services geared to the special needs of their rural customers. At present many of the banks around the world have web presence in form of ATMs, Internet Banking, Support services etc