Assistant Professor of Commerce
Periyar EVR College
TOPIC TO BE COVERED
Banking in India
Information technology is one of the most
important facilitators for the transformation of the
Indian banking industry.
The technological evolution of the Indian banking
industry directed by the various committees set
up by the RBI and the government of India .
Ultimate success of IT is to reach the banking
services to unreached people in the country.
Banking in India
SBI & Associates
Old Pvt SB
New Pvt SB
Computerization of banking industry.
Automatic Teller Machines
Card Based Delivery Systems
Payment and Settlement Systems
Electronic Clearing Service
Electronic Funds Transfer Systems
Real Time Gross Settlement (RTGS)
Modern era is inclusivism
Inclusive growth focus on
Inclusive Health Care
Inclusive Science & Technology
Inclusive banking initiated by RBI in 2006
Providing banking services at an affordable/free of
cost to unreached people.
Inclusive banking -Through
Opening of no-frills accounts
Relaxation on know-your-customer (KYC) norms
Business correspondents (BCs)
Use of Technology
General credit cards
Simplified branch authorization
Opening of branches in unbanked rural centers
More than 60% of people do not have bank
Providing banking services is the way to
achieve inclusive growth.
Using technology is the effective way to
Mobile banking is the effective medium of
Bankers must be honest in inclusive banking
From enabling banking services to driving
transformation in the Industry.
Information Technology course do promise to
change the pace of banking to the next few years.
Mobile bank and internet banking are going to
make indoor in the banking sector in the near
Inclusive banking through technology is the only
way for inclusive grouts of the country.