A Study on Challenges and Opportunities in E-Banking Sector in India

Banking is the sustenance of a financial system of the country. Banks are the institutional bodies that accept deposits and grant credit to the entities and play a major role in maintaining the economic stature of a country. E-Banking is the one of the major part of E-Financing. Internet banking refers to the deployment over the Internet of retail and wholesale banking services. In India, the Reserve Bank of India (RBI) is the apex banking institution that regulates the monetary policy in the country. E-banking is a safe, fast, easy and efficient electronic service that enables you access to bank account and to carry out online banking services, 24 hours a day, and 7 days a week. With this service we can save our time by carrying out banking transactions at any place and at any time, from our home or office, all we need is internet access. It must be noted, however, that while e-b to study the benefits, challenges and various services given by E-banking. This paper is related to secondary data in nature and information regarding the study is gathered from RBI bulletin, various noticeable journals, newspapers and some research studies. Compared to developed countries, developing countries face many impediments that affect the successful implementation of e-banking initiatives. In this paper, we have identified some obstacles in the Indian context