Modern Technology application in Banks

1. APPLICATION OF TECHNOLOGY IN MODREN BANKING

2. I T IS A POWERFUL TOOL WITH DIVERSE APPLICATIONS. OUR CHALLENGE IS TO PUT THAT POWER AT THE SERVICE OF ALL HUMANKIND - Mr . KOFI ANNAN, U.N. SECRETARY GENERAL

3. RESERVE BANK OF INDIA EMPHASIZES THE NEED FOR BANKS TO QUICKLY MOVE TOWARDS ELECTRONIC PAYMENT SYSTEMS FROM PAPER BASED PAYMENT SYSTEMS AND TO BRING GREATER EFFICIENCY IN TRANSACTION PROCESSING.

4. BANKS ARE REQUESTED TO DEVELOP APPROPRIATE DELIVERY CHANNELS OF ELECTRONIC PAYMENT SERVICES USING THE RBI DEVELOPED PAYMENT SYSTEMS WITH NO FURTHER DELAY IN LINE WITH THE SPIRIT OF THE ANNUAL POLICY OF RBI.

13. CONCLUSION CUSTOMISE-COMPETE & CONQUER THROUGH I T