In order to improve the customer service, book-keeping and MIS reporting, the need for computerization was felt in the Indian banking sector in late 1980s. Reserve Bank of India set up a Committee headed by Dr. C. Rangarajan on computerization in banks in 1988. Conversion of data into a digital format with the adoption of technology is called as digitization. By implementation of digitalization, banks can provide enriched customer services. This provides convenience to customers and helps in saving time. Digitalization decreases human error and thus builds customer reliability. A new wave of technology is revolutionizing the way customers engage with their finances. From social to mobile capabilities, banks have to rethink the way they do business to deliver a better customer experience and remain competitive. The recent introduction of open banking and the Payments Services Directive 2 PSD2 regulation is hastening this transformation by placing power in the hands of customers. Banks must now allow customers to share their financial data, such as spending habits and regular payments, with authorized third-party providers if customers wish to do so. In addition, until the past few years, banks were not visualizing the tremendous shift in consumer behavior that occurred as a result of the millennial generation now become the largest consumers of financial products. With the increasing usage of smart-phones, digitization of banking sector is predictable to catch up the increasing expectations of the world. It indeed reduced human errors and increased convenience. Now, cyber threats are on the rise hence, banks must be very vigilant and should be prepared to handle cyber-attacks. Mrs Jyoti Suraj Harchekar "Digitalization in Banking Sector" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Special Issue | International Conference on Digital Economy and its Impact on Business and Industry , October 2018, URL: http://www.ijtsrd.com/papers/ijtsrd18681.pdf
http://www.ijtsrd.com/management/marketing-management/18681/digitalization-in-banking-sector/mrs-jyoti-suraj-harchekar
Information and Communication Technology has altered the banking system all over the world. In India, the banking sector has been witnessing path breaking technological advancement. Paper transactions, like cheques and drafts are displaced by internet transfers through RTGS, clearing houses are replaced by MICR. Customers no more belong to a particular bank or branch. Thus impact that in the technological changes in banking sector is analyzed in this paper. This paper deals in the analysis of technological revolution in Indian banking sector.
A digital shift is taking place globally over wide range of sectors to stay ahead in the competition in their respective fields to which banking industry is no exception. Digitalization is inevitable for banking industry and hence "Hop on the digitalisation express" should be the goal of every bank in the world. The financial landscape is on the verge of change and has essentially revolutionised the business model of banking industry. In the new digital era, increasing expectations of the customers across all delivery channels, be it ATM, Internet banking or mobile banking is a standard requirement. Customer centric digitalised operations will increase the efficiency and effectiveness in banking services in the challenging, dynamic environment. Millenials are more eager to do their banking transactions and financial planning via e-banking and hence a key to success of banks is offering everything on electronic media. Projecting the banks offerings on third-party sites and providing value added services on mobile application using the open API economy will be crucial too. Not only are the Customers, the key players of digitalisation as the banks are constantly striving hard to remain one step ahead of customers but also the competitors and the regulatory agencies are acting as drivers to digitalisation. Customers expect a seamless multichannel experience and a consistent, global service from banking sector. Samita V. Dalvi "Digitisation in Banking" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Special Issue | International Conference on Digital Economy and its Impact on Business and Industry , October 2018, URL: http://www.ijtsrd.com/papers/ijtsrd18704.pdf
The document discusses digital financial services (DFS) for underserved populations. It provides an overview of various DFS models including bank-led models where banks partner with non-banks to expand reach, and non-bank led models where mobile network operators (MNOs) provide financial services. The document compares the advantages and disadvantages of different technology options for DFS like SMS banking, mobile banking, POS devices, and voice IVR. It also discusses factors that affect the uptake of DFS like the presence of alternate financial channels, demographic characteristics, and socio-economic conditions of the target population.
This document discusses technology trends in the Indian banking industry. It provides an overview of the IDRBT Banking Technology Excellence Awards, which recognize banks' excellence in technology implementation. Some key points:
- Indian banks have transformed significantly over the last decade from local branch banking to global presence and anytime, anywhere banking enabled by sustained reforms and IT.
- Emerging technology trends discussed include financial inclusion, mobile banking, electronic payments, CRM initiatives, IT implementation/management, managing IT risks, and using IT for business innovation.
- While some areas like core banking have gained traction, others like fully leveraging analytics and innovation are still evolving. Overall, technology has become imperative for banks and will be a strong
Technology plays a crucial role in driving financial inclusion in India. Several disruptive technologies like big data analytics, APIs, and cloud computing have emerged that are synergistic with financial services. Mobile phones have also been hugely impactful, with over 65% of Indians under 35 being tech-savvy and comfortable using mobile payments. The government has also made large pushes for financial inclusion through programs like Jan Dhan Yojana, Aadhaar, and the JAM trinity, as well as initiatives like IndiaStack and the Unified Payments Interface. Finally, hundreds of fintech startups are leveraging these technologies and government programs to help plug gaps in financial inclusion and provide innovative solutions.
New technologies have transformed Indian banking, with information technology improving productivity and customer service. Banks now utilize electronic fund transfers, credit/debit cards, phone banking, internet banking, mobile banking, doorstep banking, point of sale terminals, ATMs, virtual banking, and electronic clearing services. These technological advances allow customers convenient access to banking services anytime, anywhere. However, as virtual banking expands, banks must strengthen supervision, auditing, security, and anti-fraud systems to protect customers.
India Stack pilot - commercialization of techno-creative innovationsProductNation/iSPIRT
The document discusses two pilot projects that used digital transaction data and the India Stack framework to provide small, short-term loans to underserved populations. The projects found that digital loans addressed an important need and were more convenient than traditional options. However, some regulatory and operational challenges prevented full utilization of the India Stack. Lenders were able to access new customer segments at lower costs compared to traditional models. Customers were willing to share transaction data but may not fully understand implications. The pilots provide evidence that digital tools can expand access to financial services, but challenges around digital literacy, regulations and scaling remain.
Artificial Intelligence: a driver of innovation in the Banking Sector - The Italian case
Marco Rotoloni (Head of the research team on banking operations, ABI Lab)
Information and Communication Technology has altered the banking system all over the world. In India, the banking sector has been witnessing path breaking technological advancement. Paper transactions, like cheques and drafts are displaced by internet transfers through RTGS, clearing houses are replaced by MICR. Customers no more belong to a particular bank or branch. Thus impact that in the technological changes in banking sector is analyzed in this paper. This paper deals in the analysis of technological revolution in Indian banking sector.
A digital shift is taking place globally over wide range of sectors to stay ahead in the competition in their respective fields to which banking industry is no exception. Digitalization is inevitable for banking industry and hence "Hop on the digitalisation express" should be the goal of every bank in the world. The financial landscape is on the verge of change and has essentially revolutionised the business model of banking industry. In the new digital era, increasing expectations of the customers across all delivery channels, be it ATM, Internet banking or mobile banking is a standard requirement. Customer centric digitalised operations will increase the efficiency and effectiveness in banking services in the challenging, dynamic environment. Millenials are more eager to do their banking transactions and financial planning via e-banking and hence a key to success of banks is offering everything on electronic media. Projecting the banks offerings on third-party sites and providing value added services on mobile application using the open API economy will be crucial too. Not only are the Customers, the key players of digitalisation as the banks are constantly striving hard to remain one step ahead of customers but also the competitors and the regulatory agencies are acting as drivers to digitalisation. Customers expect a seamless multichannel experience and a consistent, global service from banking sector. Samita V. Dalvi "Digitisation in Banking" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Special Issue | International Conference on Digital Economy and its Impact on Business and Industry , October 2018, URL: http://www.ijtsrd.com/papers/ijtsrd18704.pdf
The document discusses digital financial services (DFS) for underserved populations. It provides an overview of various DFS models including bank-led models where banks partner with non-banks to expand reach, and non-bank led models where mobile network operators (MNOs) provide financial services. The document compares the advantages and disadvantages of different technology options for DFS like SMS banking, mobile banking, POS devices, and voice IVR. It also discusses factors that affect the uptake of DFS like the presence of alternate financial channels, demographic characteristics, and socio-economic conditions of the target population.
This document discusses technology trends in the Indian banking industry. It provides an overview of the IDRBT Banking Technology Excellence Awards, which recognize banks' excellence in technology implementation. Some key points:
- Indian banks have transformed significantly over the last decade from local branch banking to global presence and anytime, anywhere banking enabled by sustained reforms and IT.
- Emerging technology trends discussed include financial inclusion, mobile banking, electronic payments, CRM initiatives, IT implementation/management, managing IT risks, and using IT for business innovation.
- While some areas like core banking have gained traction, others like fully leveraging analytics and innovation are still evolving. Overall, technology has become imperative for banks and will be a strong
Technology plays a crucial role in driving financial inclusion in India. Several disruptive technologies like big data analytics, APIs, and cloud computing have emerged that are synergistic with financial services. Mobile phones have also been hugely impactful, with over 65% of Indians under 35 being tech-savvy and comfortable using mobile payments. The government has also made large pushes for financial inclusion through programs like Jan Dhan Yojana, Aadhaar, and the JAM trinity, as well as initiatives like IndiaStack and the Unified Payments Interface. Finally, hundreds of fintech startups are leveraging these technologies and government programs to help plug gaps in financial inclusion and provide innovative solutions.
New technologies have transformed Indian banking, with information technology improving productivity and customer service. Banks now utilize electronic fund transfers, credit/debit cards, phone banking, internet banking, mobile banking, doorstep banking, point of sale terminals, ATMs, virtual banking, and electronic clearing services. These technological advances allow customers convenient access to banking services anytime, anywhere. However, as virtual banking expands, banks must strengthen supervision, auditing, security, and anti-fraud systems to protect customers.
India Stack pilot - commercialization of techno-creative innovationsProductNation/iSPIRT
The document discusses two pilot projects that used digital transaction data and the India Stack framework to provide small, short-term loans to underserved populations. The projects found that digital loans addressed an important need and were more convenient than traditional options. However, some regulatory and operational challenges prevented full utilization of the India Stack. Lenders were able to access new customer segments at lower costs compared to traditional models. Customers were willing to share transaction data but may not fully understand implications. The pilots provide evidence that digital tools can expand access to financial services, but challenges around digital literacy, regulations and scaling remain.
Artificial Intelligence: a driver of innovation in the Banking Sector - The Italian case
Marco Rotoloni (Head of the research team on banking operations, ABI Lab)
FinTech is more important than ever when it comes to keeping up in the rapidly changing financial industry. Technologies such as cloud computing, data analytics, Artificial Intelligence (AI) and the Internet of Things (IoT) have the potential to cut costs, retain customers and protect against cyberthreats, as long as organizations are willing to invest in them.
See more: http://ms.spr.ly/6005pvK4x
India recently kicked off the Data Empowerment architecture, a framework for consented data sharing across the financial sector. This allows Nandini (Persona) to share data on her business’ regular invoices or GST payments seamlessly and securely.
Any bank or NBFC can now offer a regular stream of small-ticket working capital loans based on her demonstrated ability to repay. This is in sharp contrast to the status quo, where banks typically offer only larger loans backed by collateral. Using cash flows rather than collateral as the basis for credit is known as Flow-Based lending. Because producing collateral is a roadblock for the poorest Indians, Flow-Based lending may be their only opportunity to access the credit they sorely need for growth.
The document discusses emerging technologies in the banking sector of India, including block chain technology, upgraded ATMs, bio-metric identification, mobile and digital banking, automated financial services, partnerships, wearable tech, geo tagging, and cloud technology. Block chain technology allows for an incorruptible digital ledger to record economic transactions and other things of value. Bio-metric identification and card-less transactions are being developed to combat cyber crimes. Mobile and digital banking will include frictionless payments between consumers and businesses. Cloud computing supports disruptive technologies like big data, artificial intelligence, block chain, and the internet of things.
The appearance of data innovation to each part of human life and business has been obvious to
the point that it doesn't should be complemented more. Data innovation has been of extraordinary
substance in managing an account framework. This examination expects to explore the impact of
data innovation in the saving money arrangement of Bank. The information are acquired both
through the clients and the workers. The information were then broke down utilizing the correct
rate and the 5-point Liker scale to decide the effect of Information innovation in the saving money
framework undertakings. The discoveries at that point demonstrated that Information innovation
adds to the saving money framework in three diverse routes as tails: IT spares the season of the
clients and the representatives obviously, IT chops down the costs and IT encourages the system
exchanges.
The document summarizes a presentation given on digital banking in India. It provides an overview of the Indian banking system and reforms, discusses various committees formed by the RBI to advance banking technology. It also reviews literature on digital banking, outlines the objectives and methodology of the study. Additionally, it examines guidelines from RBI on payments and settlements, the role of IDRBT in digital banking frameworks. Finally, it analyzes the various digital banking products and services offered by major public sector banks in India like SBI, PNB and others.
Artificial Intelligence and Digital Banking - What about fraud prevention ?Jérôme Kehrli
Artificial intelligence for banking fraud prevention.
A presentation on how it takes its root in the digitalisation ways and how it impacts customer experience.
India FinTech report 2019 - Executive summaryMEDICI
India FinTech Report 2019 offers an in-depth look at what makes the Indian FinTech ecosystem vibrant by taking a deeper dive into Government, Regulatory, and Private sector initiatives.
Download the Executive Summary here: https://bit.ly/2ugRke5
Download the main report here: https://bit.ly/2EjGclm
Mahesh Ramachandran gave a presentation on trends and innovations in financial technology (FinTech) that will change customer expectations and experiences. He discussed how demonetization, mobile payments, peer-to-peer lending, robo-advisors, blockchain technology, and other trends will impact customers. A key innovation he highlighted was the Unified Payments Interface, which allows simple and effective money transfers between bank accounts using just a smartphone and virtual payment addresses instead of account numbers. The presentation explained how this new payment system will benefit customers, banks, merchants and the broader financial ecosystem through features like one-click authentication and universal access across interfaces.
This document discusses various uses of AI in banking, including:
1) Know Your Customer/Client (KYC) and fraud detection using machine learning to analyze transactions and communications.
2) Anomaly detection using time series analysis to flag suspicious transaction patterns in real-time.
3) Customer churn prediction analyzing complex customer behavior data to identify at-risk customers.
To win against non-traditional competitors, retail banks must streamline operations and create innovative products and services, based on mobile, social and analytics technologies.
With expertise in financial technology solutions, Insight can help financial organizations embrace innovation. Adopting technologies like blockchain, automation, analytics of IoT and big data can provide benefits, but organizations must also focus on data security, ensuring their applications and infrastructure remain relevant and secure against cyberattacks.
Brunswick ISMEA Quarterly Newsletter - May 2017 Brunswick Group
The document discusses various topics related to financial technology (FinTech) across different regions including India, Singapore, and the Middle East. In India, the transition towards a less cash economy has opened opportunities for FinTech companies and startups, while also necessitating greater collaboration between new and traditional financial players. RegTech is emerging in Singapore to help automate regulatory compliance. In the Middle East, financial centers like Dubai and Abu Dhabi are establishing FinTech hubs and accelerators to attract startups and develop links to other regions like Asia.
Development of Electronic Bank Deposi and Withdrawal System Using Quick Respo...AnthonyOtuonye
The document discusses developing an electronic bank deposit and withdrawal system using Quick Response (QR) code technology. It aims to reduce transaction times at bank tellers by having customers generate a QR code on their mobile device containing their account information. The teller can then quickly scan this code to validate the customer within seconds. This system is intended to reduce withdrawal/deposit transactions from 5-10 minutes currently to under 3 minutes. It will also allow customers to conduct multiple transactions with a single QR code, further speeding up the process. The system was developed using a prototyping methodology involving user surveys to gather requirements and ensure the system meets customer expectations for efficient banking services. Results showed the new QR code system provides improved operational efficiency and more
Digital Banking for PSU banks in IndiaRohan Bharaj
This documents highlights the importance of Digital banking for PSU banks in India. In this digitally enhanced age, it is of utmost importance for PSU banks to be up to date with the latest technology.
The document discusses new trends in the Indian banking system, including increased use of technology and digital services. It outlines how banks have adopted technologies like core banking solutions, customer relationship management, electronic payments, real-time gross settlement, electronic fund transfer, electronic clearing systems, ATMs, telebanking/mobile banking, point of sale terminals, and electronic data interchange to automate operations, improve efficiency, and enhance customer service. The trends have redefined banking operations and allowed customers to access services anytime from anywhere. Foreign direct investment is also said to ensure better risk management and capitalization in the Indian banking sector.
Fintech in India – Opportunities and ChallengesDr. C.VIJAI
Fintech is financial technology; Fintech provides alternative solutions for banking services and non-banking finance services. Fintech is an emerging concept in the financial industry.The main purpose of this paper accesses the opportunity and challenges in the fintech industry. It explains the evolution of the fintech industry and present financial technology (fintech) in the Indian finance sector. The fintech provide digitalization transaction and more secure for the user. The benefits of fintech services reducing operation costs and friendly user. The fintech services India fastest growing in the world. the finch services are going to change the habits and behavior of the Indian finance sector.
iSPIRT Balloon Volunteering Open House Session #4 - Opportunities in Technolo...ProductNation/iSPIRT
In this fourth Open House Session, we have Dr Pramod Varma, Chief Architect - Aadhaar & India Stack, giving you an insight into what it takes to volunteer in iSPIRT. He describes our design principles for building digital public infrastructure and gives you a peek into the thought process of an architect in iSPIRT. Finally, he breaks down how we are redefining the approach towards solving societal problems. We are playground builders. We orchestrate or create a playground so that market players can bring out an array of solutions.
iSPIRT is addressing solvability. We have a multi-decade horizon as a mission-oriented volunteer-based Think-and-Do-Tank.
As part of this session, we have our volunteers explaining the technical challenges you can embrace as new volunteers. The problems that we are tackling require a thought process that is new and innovative. We use cutting-edge technology.
In addition to the new technical volunteering opportunities outlined in this session, other policy-related and ecosystem-building volunteer options also exist. Apply now on https://volunteers.ispirt.in
Do visit: https://youtu.be/KZngoIy-hZ0 to watch the recording of the fourth open house session on Youtube.
1) The document discusses how big data is changing business intelligence by providing far more data from many sources that is arriving more quickly.
2) It argues that simply having more data will not increase customer value on its own; companies must generate new insights from big data to improve customer decisions and deliver a more personalized experience.
3) A decision management platform is presented as a way to increase analytic maturity by generating predictive insights from big data and closing the gap between insight and action by automating decisions in real-time customer interactions.
IRJET- Digitization not a Choice but a Necessity for the Indian Banking IndustryIRJET Journal
This document discusses the necessity of digitization in the Indian banking industry. It notes that customer expectations, competition from fintech startups, and government initiatives like demonetization are putting pressure on banks to adopt new digital technologies. The document outlines how the Indian banking system has evolved from conventional to digital banking over time through the introduction of technologies like ATMs, online banking, mobile banking, and core banking systems. It describes some emerging technologies being used by banks like artificial intelligence, blockchain, and biometric security. The document concludes that while digitization has transformed the banking sector, technology alone cannot improve people's lives and that a digitally connected India requires other development efforts as well.
Role of emerging technologies in Banking OperationsPrashanth Ravada
The document discusses the role of emerging technologies in banking operations. It describes how technologies like artificial intelligence, blockchain, cloud computing, big data analytics, and machine learning are transforming banking. These technologies are enabling personalized customer experiences, improving risk management and fraud detection, automating processes, and reducing costs. The document also provides examples of various banks implementing technologies like AI, blockchain, APIs, biometrics, and regulatory tech to enhance operations, compliance, security, and the customer experience.
Disruptive innovation in financial sector with special reference to banking s...Rossy Mathur
This document discusses disruptive innovation in the financial sector, with a focus on banking. It begins with an introduction to fintech and outlines the objectives and scope of the study. It then discusses the evolution from conventional to digital banking, highlighting innovations like mobile apps, smartwatches, and the use of big data, analytics, AI and robo-advisory. The document also examines opportunities in areas like open banking, blockchain, artificial intelligence, and cryptocurrencies. It concludes by noting that incumbent banks must embrace new technologies by collaborating with fintech startups in order to remain competitive in the future.
FinTech is more important than ever when it comes to keeping up in the rapidly changing financial industry. Technologies such as cloud computing, data analytics, Artificial Intelligence (AI) and the Internet of Things (IoT) have the potential to cut costs, retain customers and protect against cyberthreats, as long as organizations are willing to invest in them.
See more: http://ms.spr.ly/6005pvK4x
India recently kicked off the Data Empowerment architecture, a framework for consented data sharing across the financial sector. This allows Nandini (Persona) to share data on her business’ regular invoices or GST payments seamlessly and securely.
Any bank or NBFC can now offer a regular stream of small-ticket working capital loans based on her demonstrated ability to repay. This is in sharp contrast to the status quo, where banks typically offer only larger loans backed by collateral. Using cash flows rather than collateral as the basis for credit is known as Flow-Based lending. Because producing collateral is a roadblock for the poorest Indians, Flow-Based lending may be their only opportunity to access the credit they sorely need for growth.
The document discusses emerging technologies in the banking sector of India, including block chain technology, upgraded ATMs, bio-metric identification, mobile and digital banking, automated financial services, partnerships, wearable tech, geo tagging, and cloud technology. Block chain technology allows for an incorruptible digital ledger to record economic transactions and other things of value. Bio-metric identification and card-less transactions are being developed to combat cyber crimes. Mobile and digital banking will include frictionless payments between consumers and businesses. Cloud computing supports disruptive technologies like big data, artificial intelligence, block chain, and the internet of things.
The appearance of data innovation to each part of human life and business has been obvious to
the point that it doesn't should be complemented more. Data innovation has been of extraordinary
substance in managing an account framework. This examination expects to explore the impact of
data innovation in the saving money arrangement of Bank. The information are acquired both
through the clients and the workers. The information were then broke down utilizing the correct
rate and the 5-point Liker scale to decide the effect of Information innovation in the saving money
framework undertakings. The discoveries at that point demonstrated that Information innovation
adds to the saving money framework in three diverse routes as tails: IT spares the season of the
clients and the representatives obviously, IT chops down the costs and IT encourages the system
exchanges.
The document summarizes a presentation given on digital banking in India. It provides an overview of the Indian banking system and reforms, discusses various committees formed by the RBI to advance banking technology. It also reviews literature on digital banking, outlines the objectives and methodology of the study. Additionally, it examines guidelines from RBI on payments and settlements, the role of IDRBT in digital banking frameworks. Finally, it analyzes the various digital banking products and services offered by major public sector banks in India like SBI, PNB and others.
Artificial Intelligence and Digital Banking - What about fraud prevention ?Jérôme Kehrli
Artificial intelligence for banking fraud prevention.
A presentation on how it takes its root in the digitalisation ways and how it impacts customer experience.
India FinTech report 2019 - Executive summaryMEDICI
India FinTech Report 2019 offers an in-depth look at what makes the Indian FinTech ecosystem vibrant by taking a deeper dive into Government, Regulatory, and Private sector initiatives.
Download the Executive Summary here: https://bit.ly/2ugRke5
Download the main report here: https://bit.ly/2EjGclm
Mahesh Ramachandran gave a presentation on trends and innovations in financial technology (FinTech) that will change customer expectations and experiences. He discussed how demonetization, mobile payments, peer-to-peer lending, robo-advisors, blockchain technology, and other trends will impact customers. A key innovation he highlighted was the Unified Payments Interface, which allows simple and effective money transfers between bank accounts using just a smartphone and virtual payment addresses instead of account numbers. The presentation explained how this new payment system will benefit customers, banks, merchants and the broader financial ecosystem through features like one-click authentication and universal access across interfaces.
This document discusses various uses of AI in banking, including:
1) Know Your Customer/Client (KYC) and fraud detection using machine learning to analyze transactions and communications.
2) Anomaly detection using time series analysis to flag suspicious transaction patterns in real-time.
3) Customer churn prediction analyzing complex customer behavior data to identify at-risk customers.
To win against non-traditional competitors, retail banks must streamline operations and create innovative products and services, based on mobile, social and analytics technologies.
With expertise in financial technology solutions, Insight can help financial organizations embrace innovation. Adopting technologies like blockchain, automation, analytics of IoT and big data can provide benefits, but organizations must also focus on data security, ensuring their applications and infrastructure remain relevant and secure against cyberattacks.
Brunswick ISMEA Quarterly Newsletter - May 2017 Brunswick Group
The document discusses various topics related to financial technology (FinTech) across different regions including India, Singapore, and the Middle East. In India, the transition towards a less cash economy has opened opportunities for FinTech companies and startups, while also necessitating greater collaboration between new and traditional financial players. RegTech is emerging in Singapore to help automate regulatory compliance. In the Middle East, financial centers like Dubai and Abu Dhabi are establishing FinTech hubs and accelerators to attract startups and develop links to other regions like Asia.
Development of Electronic Bank Deposi and Withdrawal System Using Quick Respo...AnthonyOtuonye
The document discusses developing an electronic bank deposit and withdrawal system using Quick Response (QR) code technology. It aims to reduce transaction times at bank tellers by having customers generate a QR code on their mobile device containing their account information. The teller can then quickly scan this code to validate the customer within seconds. This system is intended to reduce withdrawal/deposit transactions from 5-10 minutes currently to under 3 minutes. It will also allow customers to conduct multiple transactions with a single QR code, further speeding up the process. The system was developed using a prototyping methodology involving user surveys to gather requirements and ensure the system meets customer expectations for efficient banking services. Results showed the new QR code system provides improved operational efficiency and more
Digital Banking for PSU banks in IndiaRohan Bharaj
This documents highlights the importance of Digital banking for PSU banks in India. In this digitally enhanced age, it is of utmost importance for PSU banks to be up to date with the latest technology.
The document discusses new trends in the Indian banking system, including increased use of technology and digital services. It outlines how banks have adopted technologies like core banking solutions, customer relationship management, electronic payments, real-time gross settlement, electronic fund transfer, electronic clearing systems, ATMs, telebanking/mobile banking, point of sale terminals, and electronic data interchange to automate operations, improve efficiency, and enhance customer service. The trends have redefined banking operations and allowed customers to access services anytime from anywhere. Foreign direct investment is also said to ensure better risk management and capitalization in the Indian banking sector.
Fintech in India – Opportunities and ChallengesDr. C.VIJAI
Fintech is financial technology; Fintech provides alternative solutions for banking services and non-banking finance services. Fintech is an emerging concept in the financial industry.The main purpose of this paper accesses the opportunity and challenges in the fintech industry. It explains the evolution of the fintech industry and present financial technology (fintech) in the Indian finance sector. The fintech provide digitalization transaction and more secure for the user. The benefits of fintech services reducing operation costs and friendly user. The fintech services India fastest growing in the world. the finch services are going to change the habits and behavior of the Indian finance sector.
iSPIRT Balloon Volunteering Open House Session #4 - Opportunities in Technolo...ProductNation/iSPIRT
In this fourth Open House Session, we have Dr Pramod Varma, Chief Architect - Aadhaar & India Stack, giving you an insight into what it takes to volunteer in iSPIRT. He describes our design principles for building digital public infrastructure and gives you a peek into the thought process of an architect in iSPIRT. Finally, he breaks down how we are redefining the approach towards solving societal problems. We are playground builders. We orchestrate or create a playground so that market players can bring out an array of solutions.
iSPIRT is addressing solvability. We have a multi-decade horizon as a mission-oriented volunteer-based Think-and-Do-Tank.
As part of this session, we have our volunteers explaining the technical challenges you can embrace as new volunteers. The problems that we are tackling require a thought process that is new and innovative. We use cutting-edge technology.
In addition to the new technical volunteering opportunities outlined in this session, other policy-related and ecosystem-building volunteer options also exist. Apply now on https://volunteers.ispirt.in
Do visit: https://youtu.be/KZngoIy-hZ0 to watch the recording of the fourth open house session on Youtube.
1) The document discusses how big data is changing business intelligence by providing far more data from many sources that is arriving more quickly.
2) It argues that simply having more data will not increase customer value on its own; companies must generate new insights from big data to improve customer decisions and deliver a more personalized experience.
3) A decision management platform is presented as a way to increase analytic maturity by generating predictive insights from big data and closing the gap between insight and action by automating decisions in real-time customer interactions.
IRJET- Digitization not a Choice but a Necessity for the Indian Banking IndustryIRJET Journal
This document discusses the necessity of digitization in the Indian banking industry. It notes that customer expectations, competition from fintech startups, and government initiatives like demonetization are putting pressure on banks to adopt new digital technologies. The document outlines how the Indian banking system has evolved from conventional to digital banking over time through the introduction of technologies like ATMs, online banking, mobile banking, and core banking systems. It describes some emerging technologies being used by banks like artificial intelligence, blockchain, and biometric security. The document concludes that while digitization has transformed the banking sector, technology alone cannot improve people's lives and that a digitally connected India requires other development efforts as well.
Role of emerging technologies in Banking OperationsPrashanth Ravada
The document discusses the role of emerging technologies in banking operations. It describes how technologies like artificial intelligence, blockchain, cloud computing, big data analytics, and machine learning are transforming banking. These technologies are enabling personalized customer experiences, improving risk management and fraud detection, automating processes, and reducing costs. The document also provides examples of various banks implementing technologies like AI, blockchain, APIs, biometrics, and regulatory tech to enhance operations, compliance, security, and the customer experience.
Disruptive innovation in financial sector with special reference to banking s...Rossy Mathur
This document discusses disruptive innovation in the financial sector, with a focus on banking. It begins with an introduction to fintech and outlines the objectives and scope of the study. It then discusses the evolution from conventional to digital banking, highlighting innovations like mobile apps, smartwatches, and the use of big data, analytics, AI and robo-advisory. The document also examines opportunities in areas like open banking, blockchain, artificial intelligence, and cryptocurrencies. It concludes by noting that incumbent banks must embrace new technologies by collaborating with fintech startups in order to remain competitive in the future.
Digital intervention is a reality in today’s banking business and banks need to adapt and respond to this change to stay ahead of competition. The digital foreground has presented banks with a huge opportunity to attract new customers, lower costs, develop new propositions and business models, as also explore customer value to its maximum. To create a digital environment is now a priority for all banks and they need to undergo considerable investment for complete transformation.
The CII-PwC report titled, Banks taking a quantum leap through digital, released at CII National BANKing TECH Summit by Mr H R Khan Dy Governor RBI, Mr A P Hota MD& CEO National Payments Corporation of India and M S RaghavanChairman & MD, IDBI Bank.
REVOLUTION OF DIGITAL FINANCE IN INDIA – TRENDS &CHALLENGESIAEME Publication
Digital is an unstoppable force that is redefining the financial services sector. Those institutions that know instantly what their customers and employees want can stay one step ahead of competitors. Thinking about digital strategically, and working with partners that can deliver innovation, will be key factors in long-term success. Financial services industry as a driver of economic growth. Deep capital markets and strong financial institutions give consumers easy ways to save, invest, borrow and plan for their future. Enterprises and small businesses, in turn, depend on financial institutions to raise capital for growth, efficiency, and infrastructure expansion. This cycle of saving, investing and lending is crucial foremerging economies like India to sustain economic growth. The government and the RBI whohave been experimenting with various initiatives, including Jan Dhan Yojana, creation of payment banks, and Rupay to enable domestic card payments systems among other initiatives. But policy alone cannot deliver the promise of financial inclusion. Technology-ledinnovation in financial services is needed to enable rapid, large-scale, and positive change. For the growth of any country’s economy various sectors play a very important role. In the Indian economic growth banking sector is the most important aspects. Banking sector become the backbone of Indian economy. Any changes regarding technology or other aspects directly impact the growth of the economy. With the change in technology various changes occur in banking sector. Now more of customers are educated. They don’t want to stand in queue for various activities like: Make payments, Deposit Cheque, Open bank accounts, Deposit Cheque and many more. With the change in time now digital banking introduced and it proves a star for the banking sector. Today’s era accepts this digital banking concept very easily and in a short time period it become more demanded mode of transaction in the market. In this paper we analyses the concept of digital finance. How it effects the human life. The research is based on secondary data. The concept of digital finance in banking industry brings numerous opportunities. But with every benefits some risk also introduced. And this digital banking also come with some risk.
Digitalization and its impact on financial transactions in IndiaRaja Sarkar
This document discusses the impact of digitalization on financial transactions in India. It provides an overview of various digital payment platforms in India like UPI, QR codes, e-wallets, and cards that have made transactions more convenient. The government's Digital India program aims to connect rural areas and improve digital literacy. Digitalization benefits both customers and financial service providers by improving convenience, security, cost savings and competitiveness. However, risks like online frauds and lack of financial literacy remain challenges. The paper analyzes the progress of digitalization in India and its effects on the financial sector.
Why does the banking industry need to invest in digital or technology.pdfMaveric Systems
The emergent technologies are ushering in a dramatic rise in the demand for digital financial services. We are seeing many new, more efficient financial solutions, such as online deposits, mobile wallets, electronic bill payments, etc.
The document discusses various banking innovations that have been adopted through new technologies. It covers topics such as online banking, mobile banking, APIs, real-time payments, cloud technologies, biometrics, chatbots, process automation using AI, optical character recognition (OCR), microservices architecture, the Internet of Things, big data analytics, enhancing the consumer experience through digital and mobile banking, human-focused technologies like digital human banking, and voice recognition technologies. Many banks are investing heavily in new technologies to improve services, increase efficiency, enhance security, and provide more personalized customer experiences.
Study on The Impact And Social Implications of FintechIRJET Journal
1) Fintech has significantly impacted traditional financial institutions and services through new technologies that provide easy, convenient access to services like digital banking, peer-to-peer lending, and digital payments.
2) Fintech has improved financial inclusion through services that allow basic banking access globally, helping integrate millions into the financial system.
3) While fintech has benefits, it also faces challenges like ensuring data security, developing technological expertise, and navigating regulatory compliance.
Huawei provides a mobile intelligent banking solution framework to help banks accelerate their digital transformation. The framework includes a cloud infrastructure, open platform, and business services capabilities. It is designed to support all scenario services, ecosystems, and the evolution of banks' IT architectures to be more mobile-centric, cloud-based, and agile. Huawei's hybrid cloud solution supports this evolution by providing unify management of multi-cloud environments and helping banks build new cloud architectures.
Indian growing new financial establishments, notably banks, square measure one among the most important investors within the domains of knowledge systems, and there square measure quite clear signs that these trends to spread within the future. The arrival and enlargement of globalization and also the development of Advanced technologies knowledge pushed the banks to adopt advanced technology to launch new services. Banks have applied remote enabled service victimization the net to achieve competitive advantage, increase potency, scale back prices and provide a range of latest services. On-line systems create banking transactions straightforward and convenient, notably for disabled people that could need special services. the most purpose of this current study is to look at the most keys to live the advantage perception of victimization net banking technology, as this advanced technology is taken into account together of the principal motivations underlying the inclinations of people to adopt such a convenient technology in India. The model developed associated developed during this analysis study is an extension to the Technology Acceptance Model (TAM). The model was tested with a survey sample of four hundred folks chosen arbitrarily. The findings of the study indicate that everyone mentioned factors within the projected model (CNV, SE, QI, AW, PEU, PU) have important impact at intervals prompting the employment of net banking systems. The information analysis relies on the applied mathematics Package for scientific discipline (SPSS).
Banks are transforming into paperless operations by offering digital and paperless banking services to customers. This allows them to enhance the customer experience, reduce physical storage costs, and save on expenses like paper, printing, and operations. To fully realize the benefits, banks must adopt a holistic approach and transform both front-end customer processes as well as back-office operations to eliminate paper usage throughout the organization. Some banks are reducing account opening times from weeks to less than a day by utilizing digital solutions like tablet-based account origination in their branches.
Wall Street Mobile Technologies Conference, Bank's "Uber Moment" and Open Ban...John Marx
Open banking and PSD2 are leading to an "Uber moment" for banks by enabling third parties to build applications and services on top of bank APIs. This will allow more competition and rapid innovation, but also presents risks to banks like loss of customer data and brand affinity if third parties displace them. It represents a shift from traditional branches to more digital and mobile-focused banking.
DIGITAL FINANCIAL SERVICES IN RURAL INDIAIRJET Journal
This document discusses digital financial services (DFS) in rural India. It begins with an abstract that notes DFS have significant potential to provide reasonable and secure banking services to underprivileged populations through technologies like mobile and digital platforms. However, DFS also faces adoption hurdles. The document then reviews literature on DFS adoption and discusses the methodology used in a study of rural households' awareness and use of DFS. Key findings include that total awareness of DFS among rural households is low, with many neutral about using DFS permanently or the security of online transactions. The top three DFS tools used were found to be ATMs, credit cards, and mobile wallets. Barriers to greater DFS adoption included lack of knowledge, confidence, and security concerns
The document discusses how payment technologies are transforming the financial industry globally through the growth of e-payments and e-commerce. It notes that traditional banks need to partner with fintech providers to modernize their infrastructure and prioritize customer service to keep up with these changes. It also suggests that recent graduates explore career opportunities in the growing fintech sector, including with neo banks, payment banks, and e-commerce companies.
Impact of It on Banking- Information Systems for Managers ProjectGautam Shah
1. Information technology has revolutionized banking by shifting services online through ATMs, debit/credit cards, internet banking, and other digital services. This has transformed banking and increased efficiency.
2. Early adopters of new technologies like ICICI Bank saw benefits in customer satisfaction and efficiency compared to public sector banks. Now, banking is changing both technologically and in terms of users' expectations.
3. The study analyzes the impact of e-banking on bank performance and current/future changes in the industry through metrics like employee and branch productivity, which nearly doubled with digital transformation. IT investments have delivered sustainable profit growth for major banks over 15 years.
apidays LIVE Hong Kong - Fast Track the Open Banking Ecosystem with Platform ...apidays
apidays LIVE Hong Kong - The Open API Economy: Finance-as-a-Service & API Ecosystems
Fast Track the Open Banking Ecosystem with Platform Business Model
Garry Sien, Principal Advisory Consultant at Alibaba Cloud International
Banking environment has become highly competitive todaygags17aug
The banking industry has become highly competitive due to technological advancements. Banks are adopting new technologies like internet banking, mobile banking, ATMs to reduce costs and better serve customers. This allows customers to access their accounts and conduct transactions anytime, anywhere. While technology has improved access and convenience, it also poses privacy and data security risks that banks must mitigate to maintain customer trust.
How would digital technology change the landscape of retail branch banking? Will the physical network disappear? Will robots replace human financial advisers? Will augmented reality become everyday life? This presentation looks at the value chain of branch banking and the relevance of five innovative technologies: Open API, artificial intelligence, RPA, augmented reality and blockchain.
Exploring Fintech Solution Transformational Role the Digital Era Savings.pptxPanamax, Inc
Shape your financial future. With Panamax's innovative digital financial solutions, you can revolutionize your banking and savings experience. From cutting-edge digital banking platforms to personalized financial management tools, Panamax is leading the way in transforming the financial landscape.
‘Six Sigma Technique’ A Journey Through its Implementationijtsrd
The manufacturing industries all over the world are facing tough challenges for growth, development and sustainability in today’s competitive environment. They have to achieve apex position by adapting with the global competitive environment by delivering goods and services at low cost, prime quality and better price to increase wealth and consumer satisfaction. Cost Management ensures profit, growth and sustainability of the business with implementation of Continuous Improvement Technique like Six Sigma. This leads to optimize Business performance. The method drives for customer satisfaction, low variation, reduction in waste and cycle time resulting into a competitive advantage over other industries which did not implement it. The main objective of this paper ‘Six Sigma Technique A Journey Through Its Implementation’ is to conceptualize the effectiveness of Six Sigma Technique through the journey of its implementation. Aditi Sunilkumar Ghosalkar "‘Six Sigma Technique’: A Journey Through its Implementation" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64546.pdf Paper Url: https://www.ijtsrd.com/other-scientific-research-area/other/64546/‘six-sigma-technique’-a-journey-through-its-implementation/aditi-sunilkumar-ghosalkar
Edge Computing in Space Enhancing Data Processing and Communication for Space...ijtsrd
Edge computing, a paradigm that involves processing data closer to its source, has gained significant attention for its potential to revolutionize data processing and communication in space missions. With the increasing complexity and data volume generated by modern space missions, traditional centralized computing approaches face challenges related to latency, bandwidth, and security. Edge computing in space, involving on board processing and analysis of data, offers promising solutions to these challenges. This paper explores the concept of edge computing in space, its benefits, applications, and future prospects in enhancing space missions. Manish Verma "Edge Computing in Space: Enhancing Data Processing and Communication for Space Missions" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64541.pdf Paper Url: https://www.ijtsrd.com/computer-science/artificial-intelligence/64541/edge-computing-in-space-enhancing-data-processing-and-communication-for-space-missions/manish-verma
Dynamics of Communal Politics in 21st Century India Challenges and Prospectsijtsrd
Communal politics in India has evolved through centuries, weaving a complex tapestry shaped by historical legacies, colonial influences, and contemporary socio political transformations. This research comprehensively examines the dynamics of communal politics in 21st century India, emphasizing its historical roots, socio political dynamics, economic implications, challenges, and prospects for mitigation. The historical perspective unravels the intricate interplay of religious identities and power dynamics from ancient civilizations to the impact of colonial rule, providing insights into the evolution of communalism. The socio political dynamics section delves into the contemporary manifestations, exploring the roles of identity politics, socio economic disparities, and globalization. The economic implications section highlights how communal politics intersects with economic issues, perpetuating disparities and influencing resource allocation. Challenges posed by communal politics are scrutinized, revealing multifaceted issues ranging from social fragmentation to threats against democratic values. The prospects for mitigation present a multifaceted approach, incorporating policy interventions, community engagement, and educational initiatives. The paper conducts a comparative analysis with international examples, identifying common patterns such as identity politics and economic disparities. It also examines unique challenges, emphasizing Indias diverse religious landscape, historical legacy, and secular framework. Lessons for effective strategies are drawn from international experiences, offering insights into inclusive policies, interfaith dialogue, media regulation, and global cooperation. By scrutinizing historical epochs, contemporary dynamics, economic implications, and international comparisons, this research provides a comprehensive understanding of communal politics in India. The proposed strategies for mitigation underscore the importance of a holistic approach to foster social harmony, inclusivity, and democratic values. Rose Hossain "Dynamics of Communal Politics in 21st Century India: Challenges and Prospects" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64528.pdf Paper Url: https://www.ijtsrd.com/humanities-and-the-arts/history/64528/dynamics-of-communal-politics-in-21st-century-india-challenges-and-prospects/rose-hossain
Assess Perspective and Knowledge of Healthcare Providers Towards Elehealth in...ijtsrd
Background and Objective Telehealth has become a well known tool for the delivery of health care in Saudi Arabia, and the perspective and knowledge of healthcare providers are influential in the implementation, adoption and advancement of the method. This systematic review was conducted to examine the current literature base regarding telehealth and the related healthcare professional perspective and knowledge in the Kingdom of Saudi Arabia. Materials and Methods This systematic review was conducted by searching 7 databases including, MEDLINE, CINHAL, Web of Science, Scopus, PubMed, PsycINFO, and ProQuest Central. Studies on healthcare practitioners telehealth knowledge and perspectives published in English in Saudi Arabia from 2000 to 2023 were included. Boland directed this comprehensive review. The researchers examined each connected study using the AXIS tool, which evaluates cross sectional systematic reviews. Narrative synthesis was used to summarise and convey the data. Results Out of 1840 search results, 10 studies were included. Positive outlook and limited knowledge among providers were seen across trials. Healthcare professionals like telehealth for its ability to improve quality, access, and delivery, save time and money, and be successful. Age, gender, occupation, and work experience also affect health workers knowledge. In Saudi Arabia, healthcare professionals face inadequate expert assistance, patient privacy, internet connection concerns, lack of training courses, lack of telehealth understanding, and high costs while performing telemedicine. Conclusions Healthcare practitioners telehealth perceptions and knowledge were examined in this systematic study. Its collection of concerned experts different personal attitudes and expertise would help enhance telehealths implementation in Saudi Arabia, develop its healthcare delivery alternative, and eliminate frequent problems. Badriah Mousa I Mulayhi | Dr. Jomin George | Judy Jenkins "Assess Perspective and Knowledge of Healthcare Providers Towards Elehealth in Saudi Arabia: A Systematic Review" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64535.pdf Paper Url: https://www.ijtsrd.com/medicine/other/64535/assess-perspective-and-knowledge-of-healthcare-providers-towards-elehealth-in-saudi-arabia-a-systematic-review/badriah-mousa-i-mulayhi
The Impact of Digital Media on the Decentralization of Power and the Erosion ...ijtsrd
The impact of digital media on the distribution of power and the weakening of traditional gatekeepers has gained considerable attention in recent years. The adoption of digital technologies and the internet has resulted in declining influence and power for traditional gatekeepers such as publishing houses and news organizations. Simultaneously, digital media has facilitated the emergence of new voices and players in the media industry. Digital medias impact on power decentralization and gatekeeper erosion is visible in several ways. One significant aspect is the democratization of information, which enables anyone with an internet connection to publish and share content globally, leading to citizen journalism and bypassing traditional gatekeepers. Another aspect is the disruption of conventional media industry business models, as traditional organizations struggle to adjust to the decrease in advertising revenue and the rise of digital platforms. Alternative business models, such as subscription models and crowdfunding, have become more prevalent, leading to the emergence of new players. Overall, the impact of digital media on the distribution of power and the weakening of traditional gatekeepers has brought about significant changes in the media landscape and the way information is shared. Further research is required to fully comprehend the implications of these changes and their impact on society. Dr. Kusum Lata "The Impact of Digital Media on the Decentralization of Power and the Erosion of Traditional Gatekeepers" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64544.pdf Paper Url: https://www.ijtsrd.com/humanities-and-the-arts/political-science/64544/the-impact-of-digital-media-on-the-decentralization-of-power-and-the-erosion-of-traditional-gatekeepers/dr-kusum-lata
Online Voices, Offline Impact Ambedkars Ideals and Socio Political Inclusion ...ijtsrd
This research investigates the nexus between online discussions on Dr. B.R. Ambedkars ideals and their impact on social inclusion among college students in Gurugram, Haryana. Surveying 240 students from 12 government colleges, findings indicate that 65 actively engage in online discussions, with 80 demonstrating moderate to high awareness of Ambedkars ideals. Statistically significant correlations reveal that higher online engagement correlates with increased awareness p 0.05 and perceived social inclusion. Variations across colleges and a notable effect of college type on perceived social inclusion highlight the influence of contextual factors. Furthermore, the intersectional analysis underscores nuanced differences based on gender, caste, and socio economic status. Dr. Kusum Lata "Online Voices, Offline Impact: Ambedkar's Ideals and Socio-Political Inclusion - A Study of Gurugram District" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64543.pdf Paper Url: https://www.ijtsrd.com/humanities-and-the-arts/political-science/64543/online-voices-offline-impact-ambedkars-ideals-and-sociopolitical-inclusion--a-study-of-gurugram-district/dr-kusum-lata
Problems and Challenges of Agro Entreprenurship A Studyijtsrd
Noting calls for contextualizing Agro entrepreneurs problems and challenges of the agro entrepreneurs and for greater attention to the Role of entrepreneurs in agro entrepreneurship research, we conduct a systematic literature review of extent research in agriculture entrepreneurship to overcome the study objectives of complications of agro entrepreneurs through various factors, Development of agriculture products is a key factor for the overall economic growth of agro entrepreneurs Agro Entrepreneurs produces firsthand large scale employment, utilizes the labor and natural resources, This research outlines the problems of Weather and Soil Erosions, Market price fluctuation, stimulates labor cost problems, reduces concentration of Price volatility, Dependency on Intermediaries, induces Limited Bargaining Power, and Storage and Transportation Costs. This paper mainly devoted to highlight Problems and challenges faced for the sustainable of Agro Entrepreneurs in India. Vinay Prasad B "Problems and Challenges of Agro Entreprenurship - A Study" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64540.pdf Paper Url: https://www.ijtsrd.com/other-scientific-research-area/other/64540/problems-and-challenges-of-agro-entreprenurship--a-study/vinay-prasad-b
Comparative Analysis of Total Corporate Disclosure of Selected IT Companies o...ijtsrd
Disclosure is a process through which a business enterprise communicates with external parties. A corporate disclosure is communication of financial and non financial information of the activities of a business enterprise to the interested entities. Corporate disclosure is done through publishing annual reports. So corporate disclosure through annual reports plays a vital role in the life of all the companies and provides valuable information to investors. The basic objectives of corporate disclosure is to give a true and fair view of companies to the parties related either directly or indirectly like owner, government, creditors, shareholders etc. in the companies act, provisions have been made about mandatory and voluntary disclosure. The IT sector in India is rapidly growing, the trend to invest in the IT sector is rising and employment opportunities in IT sectors are also increasing. Therefore the IT sector is expected to have fair, full and adequate disclosure of all information. Unfair and incomplete disclosure may adversely affect the entire economy. A research study on disclosure practices of IT companies could play an important role in this regard. Hence, the present research study has been done to study and review comparative analysis of total corporate disclosure of selected IT companies of India and to put forward overall findings and suggestions with a view to increase disclosure score of these companies. The researcher hopes that the present research study will be helpful to all selected Companies for improving level of corporate disclosure through annual reports as well as the government, creditors, investors, all business organizations and upcoming researcher for comparative analyses of level of corporate disclosure with special reference to selected IT companies. Dr. Vaibhavi D. Thaker "Comparative Analysis of Total Corporate Disclosure of Selected IT Companies of India" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64539.pdf Paper Url: https://www.ijtsrd.com/other-scientific-research-area/other/64539/comparative-analysis-of-total-corporate-disclosure-of-selected-it-companies-of-india/dr-vaibhavi-d-thaker
The Impact of Educational Background and Professional Training on Human Right...ijtsrd
This study investigated the impact of educational background and professional training on human rights awareness among secondary school teachers in the Marathwada region of Maharashtra, India. The key findings reveal that higher levels of education, particularly a master’s degree, and fields of study related to education, humanities, or social sciences are associated with greater human rights awareness among teachers. Additionally, both pre service teacher training and in service professional development programs focused on human rights education significantly enhance teacher’s knowledge, skills, and competencies in promoting human rights principles in their classrooms. Baig Ameer Bee Mirza Abdul Aziz | Dr. Syed Azaz Ali Amjad Ali "The Impact of Educational Background and Professional Training on Human Rights Awareness among Secondary School Teachers" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64529.pdf Paper Url: https://www.ijtsrd.com/humanities-and-the-arts/education/64529/the-impact-of-educational-background-and-professional-training-on-human-rights-awareness-among-secondary-school-teachers/baig-ameer-bee-mirza-abdul-aziz
A Study on the Effective Teaching Learning Process in English Curriculum at t...ijtsrd
“One Language sets you in a corridor for life. Two languages open every door along the way” Frank Smith English as a foreign language or as a second language has been ruling in India since the period of Lord Macaulay. But the question is how much we teach or learn English properly in our culture. Is there any scope to use English as a language rather than a subject How much we learn or teach English without any interference of mother language specially in the classroom teaching learning scenario in West Bengal By considering all these issues the researcher has attempted in this article to focus on the effective teaching learning process comparing to other traditional strategies in the field of English curriculum at the secondary level to investigate whether they fulfill the present teaching learning requirements or not by examining the validity of the present curriculum of English. The purpose of this study is to focus on the effectiveness of the systematic, scientific, sequential and logical transaction of the course between the teachers and the learners in the perspective of the 5Es programme that is engage, explore, explain, extend and evaluate. Sanchali Mondal | Santinath Sarkar "A Study on the Effective Teaching Learning Process in English Curriculum at the Secondary Level of West Bengal" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd62412.pdf Paper Url: https://www.ijtsrd.com/humanities-and-the-arts/education/62412/a-study-on-the-effective-teaching-learning-process-in-english-curriculum-at-the-secondary-level-of-west-bengal/sanchali-mondal
The Role of Mentoring and Its Influence on the Effectiveness of the Teaching ...ijtsrd
This paper reports on a study which was conducted to investigate the role of mentoring and its influence on the effectiveness of the teaching of Physics in secondary schools in the South West Region of Cameroon. The study adopted the convergent parallel mixed methods design, focusing on respondents in secondary schools in the South West Region of Cameroon. Both quantitative and qualitative data were collected, analysed separately, and the results were compared to see if the findings confirm or disconfirm each other. The quantitative analysis found that majority of the respondents 72 of Physics teachers affirmed that they had more experienced colleagues as mentors to help build their confidence, improve their teaching, and help them improve their effectiveness and efficiency in guiding learners’ achievements. Only 28 of the respondents disagreed with these statements. With majority respondents 72 agreeing with the statements, it implies that in most secondary schools, experienced Physics teachers act as mentors to build teachers’ confidence in teaching and improving students’ learning. The interview qualitative data analysis summarized how secondary school Principals use meetings with mentors and mentees to promote mentorship in the school milieu. This has helped strengthen teachers’ classroom practices in secondary schools in the South West Region of Cameroon. With the results confirming each other, the study recommends that mentoring should focus on helping teachers employ social interactions and instructional practices feedback and clarity in teaching that have direct measurable impact on students’ learning achievements. Andrew Ngeim Sumba | Frederick Ebot Ashu | Peter Agborbechem Tambi "The Role of Mentoring and Its Influence on the Effectiveness of the Teaching of Physics in Secondary Schools in the South West Region of Cameroon" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64524.pdf Paper Url: https://www.ijtsrd.com/management/management-development/64524/the-role-of-mentoring-and-its-influence-on-the-effectiveness-of-the-teaching-of-physics-in-secondary-schools-in-the-south-west-region-of-cameroon/andrew-ngeim-sumba
Design Simulation and Hardware Construction of an Arduino Microcontroller Bas...ijtsrd
This study primarily focuses on the design of a high side buck converter using an Arduino microcontroller. The converter is specifically intended for use in DC DC applications, particularly in standalone solar PV systems where the PV output voltage exceeds the load or battery voltage. To evaluate the performance of the converter, simulation experiments are conducted using Proteus Software. These simulations provide insights into the input and output voltages, currents, powers, and efficiency under different state of charge SoC conditions of a 12V,70Ah rechargeable lead acid battery. Additionally, the hardware design of the converter is implemented, and practical data is collected through operation, monitoring, and recording. By comparing the simulation results with the practical results, the efficiency and performance of the designed converter are assessed. The findings indicate that while the buck converter is suitable for practical use in standalone PV systems, its efficiency is compromised due to a lower output current. Chan Myae Aung | Dr. Ei Mon "Design Simulation and Hardware Construction of an Arduino-Microcontroller Based DC-DC High-Side Buck Converter for Standalone PV System" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64518.pdf Paper Url: https://www.ijtsrd.com/engineering/mechanical-engineering/64518/design-simulation-and-hardware-construction-of-an-arduinomicrocontroller-based-dcdc-highside-buck-converter-for-standalone-pv-system/chan-myae-aung
Sustainable Energy by Paul A. Adekunte | Matthew N. O. Sadiku | Janet O. Sadikuijtsrd
Energy becomes sustainable if it meets the needs of the present without compromising the ability of future generations to meet their own needs. Some of the definitions of sustainable energy include the considerations of environmental aspects such as greenhouse gas emissions, social, and economic aspects such as energy poverty. Generally far more sustainable than fossil fuel are renewable energy sources such as wind, hydroelectric power, solar, and geothermal energy sources. Worthy of note is that some renewable energy projects, like the clearing of forests to produce biofuels, can cause severe environmental damage. The sustainability of nuclear power which is a low carbon source is highly debated because of concerns about radioactive waste, nuclear proliferation, and accidents. The switching from coal to natural gas has environmental benefits, including a lower climate impact, but could lead to delay in switching to more sustainable options. “Carbon capture and storage” can be built into power plants to remove the carbon dioxide CO2 emissions, but this technology is expensive and has rarely been implemented. Leading non renewable energy sources around the world is fossil fuels, coal, petroleum, and natural gas. Nuclear energy is usually considered another non renewable energy source, although nuclear energy itself is a renewable energy source, but the material used in nuclear power plants is not. The paper addresses the issue of sustainable energy, its attendant benefits to the future generation, and humanity in general. Paul A. Adekunte | Matthew N. O. Sadiku | Janet O. Sadiku "Sustainable Energy" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64534.pdf Paper Url: https://www.ijtsrd.com/engineering/electrical-engineering/64534/sustainable-energy/paul-a-adekunte
Concepts for Sudan Survey Act Implementations Executive Regulations and Stand...ijtsrd
This paper aims to outline the executive regulations, survey standards, and specifications required for the implementation of the Sudan Survey Act, and for regulating and organizing all surveying work activities in Sudan. The act has been discussed for more than 5 years. The Land Survey Act was initiated by the Sudan Survey Authority and all official legislations were headed by the Sudan Ministry of Justice till it was issued in 2022. The paper presents conceptual guidelines to be used for the Survey Act implementation and to regulate the survey work practice, standardizing the field surveys, processing, quality control, procedures, and the processes related to survey work carried out by the stakeholders and relevant authorities in Sudan. The conceptual guidelines are meant to improve the quality and harmonization of geospatial data and to aid decision making processes as well as geospatial information systems. The established comprehensive executive regulations will govern and regulate the implementation of the Sudan Survey Geomatics Act in all surveying and mapping practices undertaken by the Sudan Survey Authority SSA and state local survey departments for public or private sector organizations. The targeted standards and specifications include the reference frame, projection, coordinate systems, and the guidelines and specifications that must be followed in the field of survey work, processes, and mapping products. In the last few decades, there has been a growing awareness of the importance of geomatics activities and measurements on the Earths surface in space and time, together with observing and mapping the changes. In such cases, data must be captured promptly, standardized, and obtained with more accuracy and specified in much detail. The paper will also highlight the current situation in Sudan, the degree to which survey standards are used, the problems encountered, and the errors that arise from not using the standards and survey specifications. Kamal A. A. Sami "Concepts for Sudan Survey Act Implementations - Executive Regulations and Standards" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd63484.pdf Paper Url: https://www.ijtsrd.com/engineering/civil-engineering/63484/concepts-for-sudan-survey-act-implementations--executive-regulations-and-standards/kamal-a-a-sami
Towards the Implementation of the Sudan Interpolated Geoid Model Khartoum Sta...ijtsrd
The discussions between ellipsoid and geoid have invoked many researchers during the recent decades, especially during the GNSS technology era, which had witnessed a great deal of development but still geoid undulation requires more investigations. To figure out a solution for Sudans local geoid, this research has tried to intake the possibility of determining the geoid model by following two approaches, gravimetric and geometrical geoid model determination, by making use of GNSS leveling benchmarks at Khartoum state. The Benchmarks are well distributed in the study area, in which, the horizontal coordinates and the height above the ellipsoid have been observed by GNSS while orthometric heights were carried out using precise leveling. The Global Geopotential Model GGM represented in EGM2008 has been exploited to figure out the geoid undulation at the benchmarks in the study area. This is followed by a fitting process, that has been done to suit the geoid undulation data which has been computed using GNSS leveling data and geoid undulation inspired by the EGM2008. Two geoid surfaces were created after the fitting process to ensure that they are identical and both of them could be counted for getting the same geoid undulation with an acceptable accuracy. In this respect, statistical operation played an important role in ensuring the consistency and integrity of the model by applying cross validation techniques splitting the data into training and testing datasets for building the geoid model and testing its eligibility. The geometrical solution for geoid undulation computation has been utilized by applying straightforward equations that facilitate the calculation of the geoid undulation directly through applying statistical techniques for the GNSS leveling data of the study area to get the common equation parameters values that could be utilized to calculate geoid undulation of any position in the study area within the claimed accuracy. Both systems were checked and proved eligible to be used within the study area with acceptable accuracy which may contribute to solving the geoid undulation problem in the Khartoum area, and be further generalized to determine the geoid model over the entire country, and this could be considered in the future, for regional and continental geoid model. Ahmed M. A. Mohammed. | Kamal A. A. Sami "Towards the Implementation of the Sudan Interpolated Geoid Model (Khartoum State Case Study)" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd63483.pdf Paper Url: https://www.ijtsrd.com/engineering/civil-engineering/63483/towards-the-implementation-of-the-sudan-interpolated-geoid-model-khartoum-state-case-study/ahmed-m-a-mohammed
Activating Geospatial Information for Sudans Sustainable Investment Mapijtsrd
Sudan is witnessing an acceleration in the processes of development and transformation in the performance of government institutions to raise the productivity and investment efficiency of the government sector. The development plans and investment opportunities have focused on achieving national goals in various sectors. This paper aims to illuminate the path to the future and provide geospatial data and information to develop the investment climate and environment for all sized businesses, and to bridge the development gap between the Sudan states. The Sudan Survey Authority SSA is the main advisor to the Sudan Government in conducting surveying, mappings, designing, and developing systems related to geospatial data and information. In recent years, SSA made a strategic partnership with the Ministry of Investment to activate Geospatial Information for Sudans Sustainable Investment and in particular, for the preparation and implementation of the Sudan investment map, based on the directives and objectives of the Ministry of Investment MI in Sudan. This paper comes within the framework of activating the efforts of the Ministry of Investment to develop technical investment services by applying techniques adopted by the Ministry and its strategic partners for advancing investment processes in the country. Kamal A. A. Sami "Activating Geospatial Information for Sudan's Sustainable Investment Map" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd63482.pdf Paper Url: https://www.ijtsrd.com/engineering/information-technology/63482/activating-geospatial-information-for-sudans-sustainable-investment-map/kamal-a-a-sami
Educational Unity Embracing Diversity for a Stronger Societyijtsrd
In a rapidly changing global landscape, the importance of education as a unifying force cannot be overstated. This paper explores the crucial role of educational unity in fostering a stronger and more inclusive society through the embrace of diversity. By examining the benefits of diverse learning environments, the paper aims to highlight the positive impact on societal strength. The discussion encompasses various dimensions, from curriculum design to classroom dynamics, and emphasizes the need for educational institutions to become catalysts for unity in diversity. It highlights the need for a paradigm shift in educational policies, curricula, and pedagogical approaches to ensure that they are reflective of the diverse fabric of society. This paper also addresses the challenges associated with implementing inclusive educational practices and offers practical strategies for overcoming barriers. It advocates for collaborative efforts between educational institutions, policymakers, and communities to create a supportive ecosystem that promotes diversity and unity. Mr. Amit Adhikari | Madhumita Teli | Gopal Adhikari "Educational Unity: Embracing Diversity for a Stronger Society" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64525.pdf Paper Url: https://www.ijtsrd.com/humanities-and-the-arts/education/64525/educational-unity-embracing-diversity-for-a-stronger-society/mr-amit-adhikari
Integration of Indian Indigenous Knowledge System in Management Prospects and...ijtsrd
The diversity of indigenous knowledge systems in India is vast and can vary significantly between different communities and regions. Preserving and respecting these knowledge systems is crucial for maintaining cultural heritage, promoting sustainable practices, and fostering cross cultural understanding. In this paper, an overview of the prospects and challenges associated with incorporating Indian indigenous knowledge into management is explored. It is found that IIKS helps in management in many areas like sustainable development, tourism, food security, natural resource management, cultural preservation and innovation, etc. However, IIKS integration with management faces some challenges in the form of a lack of documentation, cultural sensitivity, language barriers legal framework, etc. Savita Lathwal "Integration of Indian Indigenous Knowledge System in Management: Prospects and Challenges" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd63500.pdf Paper Url: https://www.ijtsrd.com/management/accounting-and-finance/63500/integration-of-indian-indigenous-knowledge-system-in-management-prospects-and-challenges/savita-lathwal
DeepMask Transforming Face Mask Identification for Better Pandemic Control in...ijtsrd
The COVID 19 pandemic has highlighted the crucial need of preventive measures, with widespread use of face masks being a key method for slowing the viruss spread. This research investigates face mask identification using deep learning as a technological solution to be reducing the risk of coronavirus transmission. The proposed method uses state of the art convolutional neural networks CNNs and transfer learning to automatically recognize persons who are not wearing masks in a variety of circumstances. We discuss how this strategy improves public health and safety by providing an efficient manner of enforcing mask wearing standards. The report also discusses the obstacles, ethical concerns, and prospective applications of face mask detection systems in the ongoing fight against the pandemic. Dilip Kumar Sharma | Aaditya Yadav "DeepMask: Transforming Face Mask Identification for Better Pandemic Control in the COVID-19 Era" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64522.pdf Paper Url: https://www.ijtsrd.com/engineering/electronics-and-communication-engineering/64522/deepmask-transforming-face-mask-identification-for-better-pandemic-control-in-the-covid19-era/dilip-kumar-sharma
Streamlining Data Collection eCRF Design and Machine Learningijtsrd
Efficient and accurate data collection is paramount in clinical trials, and the design of Electronic Case Report Forms eCRFs plays a pivotal role in streamlining this process. This paper explores the integration of machine learning techniques in the design and implementation of eCRFs to enhance data collection efficiency. We delve into the synergies between eCRF design principles and machine learning algorithms, aiming to optimize data quality, reduce errors, and expedite the overall data collection process. The application of machine learning in eCRF design brings forth innovative approaches to data validation, anomaly detection, and real time adaptability. This paper discusses the benefits, challenges, and future prospects of leveraging machine learning in eCRF design for streamlined and advanced data collection in clinical trials. Dhanalakshmi D | Vijaya Lakshmi Kannareddy "Streamlining Data Collection: eCRF Design and Machine Learning" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd63515.pdf Paper Url: https://www.ijtsrd.com/biological-science/biotechnology/63515/streamlining-data-collection-ecrf-design-and-machine-learning/dhanalakshmi-d
Philippine Edukasyong Pantahanan at Pangkabuhayan (EPP) CurriculumMJDuyan
(𝐓𝐋𝐄 𝟏𝟎𝟎) (𝐋𝐞𝐬𝐬𝐨𝐧 𝟏)-𝐏𝐫𝐞𝐥𝐢𝐦𝐬
𝐃𝐢𝐬𝐜𝐮𝐬𝐬 𝐭𝐡𝐞 𝐄𝐏𝐏 𝐂𝐮𝐫𝐫𝐢𝐜𝐮𝐥𝐮𝐦 𝐢𝐧 𝐭𝐡𝐞 𝐏𝐡𝐢𝐥𝐢𝐩𝐩𝐢𝐧𝐞𝐬:
- Understand the goals and objectives of the Edukasyong Pantahanan at Pangkabuhayan (EPP) curriculum, recognizing its importance in fostering practical life skills and values among students. Students will also be able to identify the key components and subjects covered, such as agriculture, home economics, industrial arts, and information and communication technology.
𝐄𝐱𝐩𝐥𝐚𝐢𝐧 𝐭𝐡𝐞 𝐍𝐚𝐭𝐮𝐫𝐞 𝐚𝐧𝐝 𝐒𝐜𝐨𝐩𝐞 𝐨𝐟 𝐚𝐧 𝐄𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫:
-Define entrepreneurship, distinguishing it from general business activities by emphasizing its focus on innovation, risk-taking, and value creation. Students will describe the characteristics and traits of successful entrepreneurs, including their roles and responsibilities, and discuss the broader economic and social impacts of entrepreneurial activities on both local and global scales.
Level 3 NCEA - NZ: A Nation In the Making 1872 - 1900 SML.pptHenry Hollis
The History of NZ 1870-1900.
Making of a Nation.
From the NZ Wars to Liberals,
Richard Seddon, George Grey,
Social Laboratory, New Zealand,
Confiscations, Kotahitanga, Kingitanga, Parliament, Suffrage, Repudiation, Economic Change, Agriculture, Gold Mining, Timber, Flax, Sheep, Dairying,
Andreas Schleicher presents PISA 2022 Volume III - Creative Thinking - 18 Jun...EduSkills OECD
Andreas Schleicher, Director of Education and Skills at the OECD presents at the launch of PISA 2022 Volume III - Creative Minds, Creative Schools on 18 June 2024.
Chapter wise All Notes of First year Basic Civil Engineering.pptxDenish Jangid
Chapter wise All Notes of First year Basic Civil Engineering
Syllabus
Chapter-1
Introduction to objective, scope and outcome the subject
Chapter 2
Introduction: Scope and Specialization of Civil Engineering, Role of civil Engineer in Society, Impact of infrastructural development on economy of country.
Chapter 3
Surveying: Object Principles & Types of Surveying; Site Plans, Plans & Maps; Scales & Unit of different Measurements.
Linear Measurements: Instruments used. Linear Measurement by Tape, Ranging out Survey Lines and overcoming Obstructions; Measurements on sloping ground; Tape corrections, conventional symbols. Angular Measurements: Instruments used; Introduction to Compass Surveying, Bearings and Longitude & Latitude of a Line, Introduction to total station.
Levelling: Instrument used Object of levelling, Methods of levelling in brief, and Contour maps.
Chapter 4
Buildings: Selection of site for Buildings, Layout of Building Plan, Types of buildings, Plinth area, carpet area, floor space index, Introduction to building byelaws, concept of sun light & ventilation. Components of Buildings & their functions, Basic concept of R.C.C., Introduction to types of foundation
Chapter 5
Transportation: Introduction to Transportation Engineering; Traffic and Road Safety: Types and Characteristics of Various Modes of Transportation; Various Road Traffic Signs, Causes of Accidents and Road Safety Measures.
Chapter 6
Environmental Engineering: Environmental Pollution, Environmental Acts and Regulations, Functional Concepts of Ecology, Basics of Species, Biodiversity, Ecosystem, Hydrological Cycle; Chemical Cycles: Carbon, Nitrogen & Phosphorus; Energy Flow in Ecosystems.
Water Pollution: Water Quality standards, Introduction to Treatment & Disposal of Waste Water. Reuse and Saving of Water, Rain Water Harvesting. Solid Waste Management: Classification of Solid Waste, Collection, Transportation and Disposal of Solid. Recycling of Solid Waste: Energy Recovery, Sanitary Landfill, On-Site Sanitation. Air & Noise Pollution: Primary and Secondary air pollutants, Harmful effects of Air Pollution, Control of Air Pollution. . Noise Pollution Harmful Effects of noise pollution, control of noise pollution, Global warming & Climate Change, Ozone depletion, Greenhouse effect
Text Books:
1. Palancharmy, Basic Civil Engineering, McGraw Hill publishers.
2. Satheesh Gopi, Basic Civil Engineering, Pearson Publishers.
3. Ketki Rangwala Dalal, Essentials of Civil Engineering, Charotar Publishing House.
4. BCP, Surveying volume 1
Elevate Your Nonprofit's Online Presence_ A Guide to Effective SEO Strategies...TechSoup
Whether you're new to SEO or looking to refine your existing strategies, this webinar will provide you with actionable insights and practical tips to elevate your nonprofit's online presence.
Leveraging Generative AI to Drive Nonprofit InnovationTechSoup
In this webinar, participants learned how to utilize Generative AI to streamline operations and elevate member engagement. Amazon Web Service experts provided a customer specific use cases and dived into low/no-code tools that are quick and easy to deploy through Amazon Web Service (AWS.)
Gender and Mental Health - Counselling and Family Therapy Applications and In...PsychoTech Services
A proprietary approach developed by bringing together the best of learning theories from Psychology, design principles from the world of visualization, and pedagogical methods from over a decade of training experience, that enables you to: Learn better, faster!
THE SACRIFICE HOW PRO-PALESTINE PROTESTS STUDENTS ARE SACRIFICING TO CHANGE T...indexPub
The recent surge in pro-Palestine student activism has prompted significant responses from universities, ranging from negotiations and divestment commitments to increased transparency about investments in companies supporting the war on Gaza. This activism has led to the cessation of student encampments but also highlighted the substantial sacrifices made by students, including academic disruptions and personal risks. The primary drivers of these protests are poor university administration, lack of transparency, and inadequate communication between officials and students. This study examines the profound emotional, psychological, and professional impacts on students engaged in pro-Palestine protests, focusing on Generation Z's (Gen-Z) activism dynamics. This paper explores the significant sacrifices made by these students and even the professors supporting the pro-Palestine movement, with a focus on recent global movements. Through an in-depth analysis of printed and electronic media, the study examines the impacts of these sacrifices on the academic and personal lives of those involved. The paper highlights examples from various universities, demonstrating student activism's long-term and short-term effects, including disciplinary actions, social backlash, and career implications. The researchers also explore the broader implications of student sacrifices. The findings reveal that these sacrifices are driven by a profound commitment to justice and human rights, and are influenced by the increasing availability of information, peer interactions, and personal convictions. The study also discusses the broader implications of this activism, comparing it to historical precedents and assessing its potential to influence policy and public opinion. The emotional and psychological toll on student activists is significant, but their sense of purpose and community support mitigates some of these challenges. However, the researchers call for acknowledging the broader Impact of these sacrifices on the future global movement of FreePalestine.
This presentation was provided by Rebecca Benner, Ph.D., of the American Society of Anesthesiologists, for the second session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session Two: 'Expanding Pathways to Publishing Careers,' was held June 13, 2024.
1. International Journal of Trend in
International Open Access Journal
ISSN No: 2456
INTERNATIONAL CON
ITS IMPACT ON BUSINESS AND
Organised By: V. P. Institute of Management Studies & Research, Sangli
@ IJTSRD | Available Online @ www.ijtsrd.com
Digitalization
Assistant Professor, Tilak Maharashtra Vidyapeeth, Pune
ABSTRACT
In order to improve the customer service, book
keeping and MIS reporting, the need for
computerization was felt in the Indian banking sector
in late 1980s. Reserve Bank of India set up a
Committee headed by Dr. C. Rangarajan on
computerization in banks in 1988.
Conversion of data into a digital format with the
adoption of technology is called as digitization. By
implementation of digitalization, banks can provide
enriched customer services. This provides
convenience to customers and helps in saving time.
Digitalization decreases human error and thus builds
customer reliability. A new wave of technology is
revolutionizing the way customers engage with their
finances. From social to mobile capabilities, banks
have to rethink the way they do business to deliver a
better customer experience and remain competitive.
The recent introduction of open banking and the
Payments Services Directive 2 (PSD2) regulation is
hastening this transformation by placing power in the
hands of customers. Banks must now allow customers
to share their financial data, such as spending habits
and regular payments, with authorized third
providers if customers wish to do so.
In addition, until the past few years, banks were not
visualizing the tremendous shift in consumer behavior
that occurred as a result of the millennial generation
now become the largest consumers of financial
products. With the increasing usage of smart
digitization of banking sector is predictable to catch
up the increasing expectations of the world. It indeed
reduced human errors and increased convenience.
Now, cyber threats are on the rise hence, banks must
be very vigilant and should be prepared to handle
cyber-attacks.
International Journal of Trend in Scientific Research and Development (IJTSRD)
International Open Access Journal | www.ijtsrd.com
ISSN No: 2456 - 6470 | Conference Issue – ICDEBI
INTERNATIONAL CONFERENCE ON DIGITAL ECONOMY AND
TS IMPACT ON BUSINESS AND INDUSTRY
Organised By: V. P. Institute of Management Studies & Research, Sangli
www.ijtsrd.com | Conference Issue: ICDEBI-2018 |
Digitalization in Banking Sector
Mrs Jyoti Suraj Harchekar
Tilak Maharashtra Vidyapeeth, Pune, Maharashtra
In order to improve the customer service, book-
reporting, the need for
computerization was felt in the Indian banking sector
in late 1980s. Reserve Bank of India set up a
Committee headed by Dr. C. Rangarajan on
Conversion of data into a digital format with the
n of technology is called as digitization. By
implementation of digitalization, banks can provide
enriched customer services. This provides
convenience to customers and helps in saving time.
Digitalization decreases human error and thus builds
iability. A new wave of technology is
revolutionizing the way customers engage with their
finances. From social to mobile capabilities, banks
have to rethink the way they do business to deliver a
better customer experience and remain competitive.
t introduction of open banking and the
Payments Services Directive 2 (PSD2) regulation is
hastening this transformation by placing power in the
hands of customers. Banks must now allow customers
to share their financial data, such as spending habits
gular payments, with authorized third-party
In addition, until the past few years, banks were not
visualizing the tremendous shift in consumer behavior
that occurred as a result of the millennial generation
the largest consumers of financial
products. With the increasing usage of smart-phones,
digitization of banking sector is predictable to catch
up the increasing expectations of the world. It indeed
reduced human errors and increased convenience.
r threats are on the rise hence, banks must
be very vigilant and should be prepared to handle
KEYWORDS: Digitalization, Internet Banking,
Online Banking
I. INTRODUCTION
Digitalization is the process of transforming
information into a digital format, in which the
information is organized into
representation of an object,
document or signal (usually an
generating a series of numbers that describe a
discrete set of its points or
called digital representation
a digital image, for the object, and
the signal. The digitized data is
numbers, which simplify computer processing and
other operations. Digitizing simply means the
transformation of analog source material into a
numerical format; the decimal
system that can be used instead.
Digitization is of vital significance to data
processing, storage and transmission, because it
"allows information of all kinds in all formats to be
carried with the same efficiency and also
intermingled”. Unlike analog data, which typically
suffers some loss of quality each time it is copied or
transmitted, digital data can, be transmitted with
absolutely no deprivation.
Diagram 1: 5 Key Banking Technology Trends
Research and Development (IJTSRD)
www.ijtsrd.com
ICDEBI-2018
FERENCE ON DIGITAL ECONOMY AND
INDUSTRY
Organised By: V. P. Institute of Management Studies & Research, Sangli
| Oct 2018 Page: 103
Maharashtra, India
Digitalization, Internet Banking,
Digitalization is the process of transforming
format, in which the
information is organized into bits. The result is the
representation of an object, image, sound,
(usually an analog signal) by
generating a series of numbers that describe a
samples. The result is
digital representation or, more precisely,
, for the object, and digital form, for
the signal. The digitized data is in the form of binary
, which simplify computer processing and
other operations. Digitizing simply means the
transformation of analog source material into a
decimal or any other number
that can be used instead.
Digitization is of vital significance to data
processing, storage and transmission, because it
"allows information of all kinds in all formats to be
carried with the same efficiency and also
intermingled”. Unlike analog data, which typically
oss of quality each time it is copied or
transmitted, digital data can, be transmitted with
Diagram 1: 5 Key Banking Technology Trends
2. International Journal of Trend in Scientific Research and Development (IJTSRD) ISSN: 2456
@ IJTSRD | Available Online @ www.ijtsrd.com
Information Technology was implemented by banks
initially with the introduction of standalo
voyaged to Local Area Network (LAN)
connectivity. Further, Core Banking platform was
adopted by banks. Thus branch banking changed to
bank banking. Core Banking Solution (CBS)
facilitated banks to increase the comfort feature to
the customers as a encouraging step towards
improving customer accessibility through anywhere
and anytime banking.
Different Core banking platforms such as Finacle
designed by Infosys, BaNCS by TCS,
by i-flex, gained popularity.
In 1991-92, with the opening of the economy, the
process of Computerization gained a leap. Several
commercial banks started moving towards digital
customer services to remain economical and
significant in the race.
Dan Jones, partner and head of Capco’s UK Digital
practice, says convenience, speed and flexibility are
no longer considered attractive add-ons, but have
become a standard expectation of the rapidly
changing customer-bank relationship. According to
Mr Jones, successful organizations will be those that
can keep pace with customer needs and demands, and
implant appropriate services into the wider ecosystem
of digital products.
II. Research Methodology:-
Research paper is based on secondary data obtained
from various sources like
1. Earlier paper published.
2. Websites
3. Articles published in Research magazines.
4. Articles appeared in news paper.
Current status in the Digital Space
Indian Government is aggressively promoting digital
transactions. Some of the significant steps for
innovation in the Payment Systems domain are the
launch of United Payments Interface (UPI) and Bharat
Interface for Money (BHIM) by National Payments
Corporation of India (NPCI). UPI is a mobile
interface where people can make immediate funds
transfer between accounts in different banks on the
basis of cybernetic address without mentioning the
bank account. Today banks aim to provide fast,
accurate and quality banking experience to their
International Journal of Trend in Scientific Research and Development (IJTSRD) ISSN: 2456
www.ijtsrd.com | Conference Issue: ICDEBI-2018 |
Information Technology was implemented by banks
initially with the introduction of standalone PCs and
voyaged to Local Area Network (LAN)
connectivity. Further, Core Banking platform was
adopted by banks. Thus branch banking changed to
bank banking. Core Banking Solution (CBS)
facilitated banks to increase the comfort feature to
a encouraging step towards
improving customer accessibility through anywhere
Different Core banking platforms such as Finacle
designed by Infosys, BaNCS by TCS, FLEXCUBE
of the economy, the
process of Computerization gained a leap. Several
commercial banks started moving towards digital
customer services to remain economical and
Dan Jones, partner and head of Capco’s UK Digital
enience, speed and flexibility are
ons, but have
become a standard expectation of the rapidly
bank relationship. According to
Mr Jones, successful organizations will be those that
tomer needs and demands, and
implant appropriate services into the wider ecosystem
Research paper is based on secondary data obtained
published in Research magazines.
Indian Government is aggressively promoting digital
transactions. Some of the significant steps for
innovation in the Payment Systems domain are the
ch of United Payments Interface (UPI) and Bharat
Interface for Money (BHIM) by National Payments
Corporation of India (NPCI). UPI is a mobile
interface where people can make immediate funds
transfer between accounts in different banks on the
netic address without mentioning the
bank account. Today banks aim to provide fast,
accurate and quality banking experience to their
customers. Today, the topmost agenda for all the
banks in India is digitization.
Difference between Online and
For the most part, these two words are alternatives.
But, online banking can be defined a bit more
narrowly as- online banking primarily emphases on
money transfers, bill pay, remote deposits, and basic
online management of accounts. Other synonyms fo
online banking include virtual banking, internet
banking, and e-banking. So, online banking focuses
on digitizing the “core” features of banking, but
digital banking incorporates digitizing every
program and activity undertaken by financial
institutions and their customers.
Banks play a significant role in our daily lives. For
countless people, at least a single financial transaction
is been done in a single day. Thus banks always try to
implement latest technologies to enhance customer
experience. Digitization is not a
industry, rather it is certain because every industry is
being digitized and banking sector is no exemption.
.Mobile banking is increasing at a fast pace more than
online banking.
ADVANTAGES OF DIGITI
BANKING:-
Reduction of costs for banks and customers as
well by using cashless transactions, ATMs, etc.
With more digital data available with banks, they
can take data-driven vibrant decisions
digital analytics. This benefits both customers and
banks.
Number of customers will be amplified
because of the increased convenience of banking.
Digitalization decreases human error.
Need of handling large amounts of cash will be
reduced.
Rural and urban gap will be eliminated.
Fake currency threat will be
increasing cashless transactions.
DISADVANTAGES OF DIG
BANKING:-
Digitalization shrinks the effort of employees and
hence results in loss of jobs.
Some bank branches may conclude to exist with
the increasing use of online ban
Banks will be more vulnerable to
International Journal of Trend in Scientific Research and Development (IJTSRD) ISSN: 2456-6470 | IF: 4.101
| Oct 2018 Page: 104
customers. Today, the topmost agenda for all the
and Digital Banking
For the most part, these two words are alternatives.
But, online banking can be defined a bit more
online banking primarily emphases on
money transfers, bill pay, remote deposits, and basic
online management of accounts. Other synonyms for
online banking include virtual banking, internet
So, online banking focuses
on digitizing the “core” features of banking, but
digital banking incorporates digitizing every
program and activity undertaken by financial
and their customers.
Banks play a significant role in our daily lives. For
countless people, at least a single financial transaction
Thus banks always try to
implement latest technologies to enhance customer
ization is not a choice for banking
industry, rather it is certain because every industry is
being digitized and banking sector is no exemption.
is increasing at a fast pace more than
ADVANTAGES OF DIGITIZATION IN
for banks and customers as
well by using cashless transactions, ATMs, etc.
With more digital data available with banks, they
driven vibrant decisions by using
digital analytics. This benefits both customers and
er of customers will be amplified for banks
convenience of banking.
decreases human error.
Need of handling large amounts of cash will be
Rural and urban gap will be eliminated.
will be reduced, with the
increasing cashless transactions.
DISADVANTAGES OF DIGITIZATION IN
Digitalization shrinks the effort of employees and
loss of jobs.
Some bank branches may conclude to exist with
the increasing use of online banking.
Banks will be more vulnerable to cyber-attacks.
3. International Journal of Trend in Scientific Research and Development (IJTSRD) ISSN: 2456
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No one can hide crores of rupees in banks and just
act middle class. Privacy may have to be
compromised.
III. TECHNOLOGICAL DEVELOPMENTS
IN INDIAN BANKING
Digital Collaboration
We will be part of our not-so-distant future when we
expect driverless cars and robots, it should be equally
direct for us to visualize a future banking system with
its own form of artificial intelligence (AI).
AI-enabled tools such as chatbots have been already
implemented by banks to interact with customers, but
that is just the point of what is to come.AI has the
potential to modify organizations on an extraordinary
scale, from virtual financial assistants to computerized
credit scoring and predictive analysis.
Mr. Jones explains: “From a customer point of view,
machine-learning is starting to enhance their
experience in smart ways, quickly and efficiently
resolving their problems.
Machine-learning and AI will allow banks to spot
outlines and solve customer problems at a seg
the current speed in a very cost-efficient manner. This
second wave of interruption will have a powerful
influence, transforming the banking industry and with
it the customer journey. Banks should seize the
opportunities, when technology presents t
next gear. Because time does not wait for any
organization, people including banking sectors.
Figure2: Technological Developments in Banking
Few Trends and Opportunities:
1. Changing consumer behavior in favor of
digitalization
As the market is exposed to unsettling digital services,
it is now putting its hands on changing client
preference from traditional banking to its
International Journal of Trend in Scientific Research and Development (IJTSRD) ISSN: 2456
www.ijtsrd.com | Conference Issue: ICDEBI-2018 |
No one can hide crores of rupees in banks and just
act middle class. Privacy may have to be
TECHNOLOGICAL DEVELOPMENTS
distant future when we
expect driverless cars and robots, it should be equally
direct for us to visualize a future banking system with
its own form of artificial intelligence (AI).
enabled tools such as chatbots have been already
banks to interact with customers, but
that is just the point of what is to come.AI has the
potential to modify organizations on an extraordinary
scale, from virtual financial assistants to computerized
lains: “From a customer point of view,
learning is starting to enhance their
experience in smart ways, quickly and efficiently
learning and AI will allow banks to spot
outlines and solve customer problems at a segment of
efficient manner. This
second wave of interruption will have a powerful
influence, transforming the banking industry and with
it the customer journey. Banks should seize the
when technology presents to shift to the
next gear. Because time does not wait for any
organization, people including banking sectors.
Figure2: Technological Developments in Banking
Changing consumer behavior in favor of
t is exposed to unsettling digital services,
it is now putting its hands on changing client
preference from traditional banking to its
digitalization. Also, India’s demographic share is well
suited to switch to digital behavior, with the median
age of an Indian expected to be 29 years by 2020 and
900 million population falling in the age group of 15
60 years by 2025.People have enthusiastically started
using technology to do banking transactions and
benefit other services because they want more
suitability at the cost of giving extra
2. Unpenetrated areas and government initiatives
Around 50% of the non-banked population is directed
and developing towards the goal of financial presence.
Due to some government initiatives, banks have
incredible opportunities and advantages in
implementing digital infrastructure.With Rs. 500
billion being targeted to be transmitted directly under
DBT (Direct Benefit Transfer), around 160 million
accounts have been opened under PMJDY (Pradhan
Mantri Jan DhanYojna).
3. Leveraging increased smartphone usage and
mobile penetration
Mobile phones are likely to lead the digital growth in
India, because the youth of India prefer to use smart
phones rather than stand in long queues to
avail banking services. Mobile
90% is likely to drive financial insertion.
and predictable widespread reach of smart phones in
the country provides a dis
medium, to extend the reach of banking and payments
services. Refer the graphs below:
Figure3: Number of Mobile Internet Users
Figure4: Smartphone Penetration (in percent)
International Journal of Trend in Scientific Research and Development (IJTSRD) ISSN: 2456-6470 | IF: 4.101
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, India’s demographic share is well
suited to switch to digital behavior, with the median
ndian expected to be 29 years by 2020 and
900 million population falling in the age group of 15-
60 years by 2025.People have enthusiastically started
using technology to do banking transactions and
benefit other services because they want more
giving extra price.
Unpenetrated areas and government initiatives
banked population is directed
and developing towards the goal of financial presence.
Due to some government initiatives, banks have
opportunities and advantages in
implementing digital infrastructure.With Rs. 500
billion being targeted to be transmitted directly under
DBT (Direct Benefit Transfer), around 160 million
accounts have been opened under PMJDY (Pradhan
3. Leveraging increased smartphone usage and
Mobile phones are likely to lead the digital growth in
India, because the youth of India prefer to use smart
phones rather than stand in long queues to
Mobile perception of around
90% is likely to drive financial insertion. The existing
and predictable widespread reach of smart phones in
the country provides a disruptive and low-cost
medium, to extend the reach of banking and payments
services. Refer the graphs below:
Figure3: Number of Mobile Internet Users
Figure4: Smartphone Penetration (in percent)
4. International Journal of Trend in Scientific Research and Development (IJTSRD) ISSN: 2456
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Figure5: India’s Mobile Banking Opportunity
Figure6: Mobile banking user forecasts
Some Challenges:
As per the report of FICCI, BCG, and IBA; 17%
of the users were unaware about bank’s digital
offerings, 35% were aware but were not using, 7%
were unhappy user and 42% were fulfilled users.
The challenge here is to convert alertness into
practice.
MSMEs 70% and shopkeeper transaction’s 90%
were done through cash &cheque, only 8%
MSMEs collect orders online, and only 4% agree
payments online. This is completely improper in a
digital world and thus becomes a cha
24% do not know how to use Mobile banking
apps, 16% don’t know about bank’s app and 12%
of them have fear of hacking.
Despite the huge possible and well
promise of digital financial services, there is a need
for the users to adopt a general approach on
digital and combining business strategy with all the
International Journal of Trend in Scientific Research and Development (IJTSRD) ISSN: 2456
www.ijtsrd.com | Conference Issue: ICDEBI-2018 |
Figure5: India’s Mobile Banking Opportunity
Mobile banking user forecasts
As per the report of FICCI, BCG, and IBA; 17%
of the users were unaware about bank’s digital
offerings, 35% were aware but were not using, 7%
were unhappy user and 42% were fulfilled users.
is to convert alertness into
MSMEs 70% and shopkeeper transaction’s 90%
were done through cash &cheque, only 8%
MSMEs collect orders online, and only 4% agree
payments online. This is completely improper in a
digital world and thus becomes a challenge.
24% do not know how to use Mobile banking
apps, 16% don’t know about bank’s app and 12%
Despite the huge possible and well-established
promise of digital financial services, there is a need
neral approach on -going
digital and combining business strategy with all the
elements of their operating ecosystem to create a
significant customer experience.
Indigenous Banking:
The exact date of presence of indigenous bank is not
exactly known. But, it is sure that the old banking
system has been functioning for centuries. Some
people suggests the presence of indigenous banks to
the Vedic times of 2000-1400 BC. It has excellently
fulfilled the needs of the country in the past.
However, with the approaching of the British, its
failure started. Regardless of the fast growth of
modern commercial banks, however, the indigenous
banks continue to hold a noticeable position in the
Indian money market even in the present times. It
includes seths, shroffs, chettis,
indigenous bankers give money; act as money
changers and finance internal trade of India by means
of hundis or internal bills of exchange.
The main defects of indigenous
1. They are disorganized and do not have any
communication with other sections of the banking
world.
2. They associate banking with trading and
commission business and thus have presented
trade risks into their banking business.
3. They do not differentiate between short term and
long term finance and between t
finance.
4. They do not give receipts in most cases and they
charge out of proportion interest in regard with
other banking institutions in the country.
SUGGESTIONS FOR IMPROVEMENTS
INDIGENOUS BANKING ARE:
1. The banking practices need to be
2. These banks should be connected with
commercial banks on the basis of certain
understanding in the respect of interest charged
from the borrowers, the confirmation of the same
by the commercial banks and the passing of the
discounts to the priority sectors etc.
3. These banks should be stimulated to become
corporate bodies rather than continuing as family
based enterprises.
International Journal of Trend in Scientific Research and Development (IJTSRD) ISSN: 2456-6470 | IF: 4.101
| Oct 2018 Page: 106
elements of their operating ecosystem to create a
significant customer experience.
The exact date of presence of indigenous bank is not
it is sure that the old banking
system has been functioning for centuries. Some
people suggests the presence of indigenous banks to
1400 BC. It has excellently
fulfilled the needs of the country in the past.
aching of the British, its
failure started. Regardless of the fast growth of
modern commercial banks, however, the indigenous
banks continue to hold a noticeable position in the
Indian money market even in the present times. It
ttis, mahajans, etc. The
indigenous bankers give money; act as money
changers and finance internal trade of India by means
of hundis or internal bills of exchange.
indigenous banking are:
They are disorganized and do not have any
nication with other sections of the banking
They associate banking with trading and
commission business and thus have presented
trade risks into their banking business.
They do not differentiate between short term and
long term finance and between the purposes of
They do not give receipts in most cases and they
charge out of proportion interest in regard with
other banking institutions in the country.
IMPROVEMENTS OF
ARE:
The banking practices need to be upgraded.
These banks should be connected with
commercial banks on the basis of certain
understanding in the respect of interest charged
from the borrowers, the confirmation of the same
by the commercial banks and the passing of the
ty sectors etc.
These banks should be stimulated to become
corporate bodies rather than continuing as family
5. International Journal of Trend in Scientific Research and Development (IJTSRD) ISSN: 2456
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IV. STRUCTURE OF INDIAN BANKING SYSTEM
Figure7: Structure of Indian Banking System
RESERVE BANK OF INDIA (RBI):
The country had no central bank earlier to the
establishment of the RBI. The RBI is the supreme
regulatory and banking authority in the country and
controls the banking system in India. It is called the
Reserve Bank’ as it keeps the reserves of all
commercial banks.
COMMERCIAL BANKS:
Commercial banks organize savings of general public
and make them accessible to large and small industrial
and trading units mainly for working capital
requirements. Commercial banks in India are private
sector with a few foreign banks and largely Indian
public sector and. The public sector banks account for
more than 92 percent of the entire banking business in
India—occupying a leading position in the
commercial banking. The State Bank of India and its
7 associate banks along with another 19 banks are the
public sector banks.
SCHEDULED AND NON-SCHEDULED
The scheduled banks are preserved in the second
schedule of the RBI Act, 1934. These banks have a
paid-up capital and reserves of a combined
not less than Rs. 5lakhs, they have to please the RBI
that their affairs are carried out in the interest of their
depositors. All regional rural banks, commercial
banks (Indian and foreign), and state cooperative
International Journal of Trend in Scientific Research and Development (IJTSRD) ISSN: 2456
www.ijtsrd.com | Conference Issue: ICDEBI-2018 |
STRUCTURE OF INDIAN BANKING SYSTEM
Figure7: Structure of Indian Banking System
The country had no central bank earlier to the
establishment of the RBI. The RBI is the supreme
regulatory and banking authority in the country and
controls the banking system in India. It is called the
Reserve Bank’ as it keeps the reserves of all
Commercial banks organize savings of general public
and make them accessible to large and small industrial
and trading units mainly for working capital
Commercial banks in India are private
foreign banks and largely Indian-
public sector and. The public sector banks account for
more than 92 percent of the entire banking business in
occupying a leading position in the
commercial banking. The State Bank of India and its
long with another 19 banks are the
SCHEDULED BANKS:
The scheduled banks are preserved in the second
schedule of the RBI Act, 1934. These banks have a
combined value of
please the RBI
that their affairs are carried out in the interest of their
regional rural banks, commercial
banks (Indian and foreign), and state cooperative
banks are scheduled banks. Non
not involved in the second schedule of the RBI Act,
1934. At present there are merely three such banks in
the country.
REGIONAL RURAL BANKS:
The Regional Rural Banks (RRBs) the newest form of
banks, came into presence in the middle of 1970s
(these are sponsored by individual nationalized
commercial banks) with the objective of developing
rural economy by providing credit and deposit
facilities for agriculture and other productive activities
of all kinds in rural areas.The importance is on
providing such facilities to small and marginal
farmers, rural artisan’s, agricultural laborers, and
other small entrepreneurs in rural areas.
COOPERATIVE BANKS:
Cooperative banks are organized under the provisions
of the Cooperative Credit Societies Act of the states.
The major recipient of the Cooperative Banking is the
agricultural sector in particular and the rural sector in
general.Long-term agriculture credit is provided by
the Land Development Banks. The funds of the RBI
meant for the agriculture sector actually pass t
CCBs and SCBs. The cooperative credit movement
has now spread to urban areas also and there are many
urban cooperative banks coming under SCBs.
cooperative credit institutions operating in the country
International Journal of Trend in Scientific Research and Development (IJTSRD) ISSN: 2456-6470 | IF: 4.101
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banks are scheduled banks. Non- scheduled banks are
involved in the second schedule of the RBI Act,
1934. At present there are merely three such banks in
BANKS:
The Regional Rural Banks (RRBs) the newest form of
banks, came into presence in the middle of 1970s
red by individual nationalized
commercial banks) with the objective of developing
rural economy by providing credit and deposit
facilities for agriculture and other productive activities
of all kinds in rural areas.The importance is on
ities to small and marginal
farmers, rural artisan’s, agricultural laborers, and
other small entrepreneurs in rural areas.
organized under the provisions
of the Cooperative Credit Societies Act of the states.
ajor recipient of the Cooperative Banking is the
agricultural sector in particular and the rural sector in
term agriculture credit is provided by
the Land Development Banks. The funds of the RBI
meant for the agriculture sector actually pass through
CCBs and SCBs. The cooperative credit movement
has now spread to urban areas also and there are many
urban cooperative banks coming under SCBs. The
cooperative credit institutions operating in the country
6. International Journal of Trend in Scientific Research and Development (IJTSRD) ISSN: 2456
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are mainly of two classes: agricultural and
agricultural. There are two separate cooperative
agencies for the provision of agricultural credit: one
V. Banking now and then
Figure8: Details of Payment
Expanse of digital banking
According to the RBI Report in 2016
2,22,481 Automated Teller Machines (ATMs) and
25,29,141 Point of Sale devices (POS).
Implementation of electronic payment system such as
ECS (Electronic Clearing Service), NEFT (National
Electronic Fund Transfer), RTGS (Real Time Gross
Settlement), Mobile banking system, Debit cards,
Prepaid cards, Cheque Truncation System, Credit
Cards, have all gained wide recognition in Indian
banks. These are all notable innovations
revolution in the banking sector. Online banking has
changed the face of banking and brought about a
notable change in the banking operations.
National Electronic Funds Transfer (NEFT) is the
most frequently used electronic payment method for
transferring money from any bank branch to another
bank in India. It operates in half hourly batches.
Time Gross Settlement (RTGS) is largely used for
high-value transactions which are centered on 'real
Year RTGS
Retail Electronic Clearing
(ECS, NEFT, IMPS)
2015-16 98.4 3141.5
2014-15 92.8 1687.4
2013-14 81.1 1108.3
2012-13 68.5 694.1
2011-12 55.1 512.4
Table 1: Increase in volume related to RTGS,
International Journal of Trend in Scientific Research and Development (IJTSRD) ISSN: 2456
www.ijtsrd.com | Conference Issue: ICDEBI-2018 |
are mainly of two classes: agricultural and non-
agricultural. There are two separate cooperative
agencies for the provision of agricultural credit: one
for short and medium-term credit, and
long-term credit.
Figure8: Details of Payment System
According to the RBI Report in 2016-17 there are
2,22,481 Automated Teller Machines (ATMs) and
25,29,141 Point of Sale devices (POS).
Implementation of electronic payment system such as
NEFT (National
Electronic Fund Transfer), RTGS (Real Time Gross
Settlement), Mobile banking system, Debit cards,
Prepaid cards, Cheque Truncation System, Credit
Cards, have all gained wide recognition in Indian
notable innovations in the digital
revolution in the banking sector. Online banking has
changed the face of banking and brought about a
in the banking operations.
National Electronic Funds Transfer (NEFT) is the
electronic payment method for
transferring money from any bank branch to another
bank in India. It operates in half hourly batches. Real
Time Gross Settlement (RTGS) is largely used for
value transactions which are centered on 'real
time'. The smallest amount to be remitted through
RTGS is Rs. Two Lakhs. There is no upper limit.
Immediate Payment Service (IMPS) is an immediate
electronic funds transfer facility presented
Payments Corporation of India (NPCI) which is
available 24 x 7.
The usage of Prepaid payment instruments (PPIs) for
purchase of goods & services and funds transfers has
improved greatly in recent years. The value of
transactions through PPI Cards (which include gift
cards, foreign travel cards,
instruments, & corporate cards) & mobile wallets
have jumped drastically from Rs.108 billion and Rs.
85 billion respectively in 2014
and Rs. 535 billion respectively in 2016
Table below shows Increase in volume related to
RTGS, RECs, Debit card, Credit cards, prepaid
payment instruments and Mobile banking:
Volume (Million)
Retail Electronic Clearing
(ECS, NEFT, IMPS)
Cards (Debit,
Credit)
Prepaid Payment (m
PPI Cards, Paper Vouchers
10038.7 748.0
8424.0 314.5
7219.1 133.6
6174.5 66.9
5731.6 30.6
Table 1: Increase in volume related to RTGS, RECs, Debit card, Credit cards, prepaid payment instruments and
Mobile banking
International Journal of Trend in Scientific Research and Development (IJTSRD) ISSN: 2456-6470 | IF: 4.101
| Oct 2018 Page: 108
term credit, and the other for
lest amount to be remitted through
Lakhs. There is no upper limit.
Immediate Payment Service (IMPS) is an immediate
electronic funds transfer facility presented by National
Payments Corporation of India (NPCI) which is
The usage of Prepaid payment instruments (PPIs) for
purchase of goods & services and funds transfers has
in recent years. The value of
transactions through PPI Cards (which include gift
cards, foreign travel cards, mobile prepaid
ts, & corporate cards) & mobile wallets
have jumped drastically from Rs.108 billion and Rs.
85 billion respectively in 2014-15 to Rs. 279 billion
and Rs. 535 billion respectively in 2016-17
Table below shows Increase in volume related to
card, Credit cards, prepaid
payment instruments and Mobile banking:
Prepaid Payment (m-Wallets,
PPI Cards, Paper Vouchers
Mobile
Banking
389.5
171.9
94.7
53.3
25.6
RECs, Debit card, Credit cards, prepaid payment instruments and
7. International Journal of Trend in Scientific Research and Development (IJTSRD) ISSN: 2456
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VI. LIMITATIONS
Security Risks - External threats such as hacking,
spoofing and sniffing expose banks to security
risks. Banks are also exposed to
especially frauds by employees in collusion with
customers / employees.
Financial Knowledge / Customer Awareness
Lack of knowledge amongst people to use e
banking facilities is the major limitation in India.
Fear factor - One of the biggest obstacle in online
banking is inclination to conventional banking
method by older generation and mostly people
from the rural areas. The fright of losing money in
the online transaction is a wall to usage of e
banking.
Training - Lack of suitable knowled
is a major constraining for employees to deal with
the innovative and changing technologies in
banks. Training at all levels on the changing
trends in IT is the requirement of the day.
The high speed internet connectivity at rural
places in India is big challenge. Experience shows
that we have failed in providing 24x7 internet
connectivity in rural and remote places.
VII. CONCLUSION
The mobile and wireless market has been one of the
fastest growing markets in the world.
technology and the escalating use of mobile and smart
Journal of Trend in Scientific Research and Development (IJTSRD) ISSN: 2456
www.ijtsrd.com | Conference Issue: ICDEBI-2018 | Oct 2018
External threats such as hacking,
spoofing and sniffing expose banks to security
risks. Banks are also exposed to internal risks
especially frauds by employees in collusion with
Financial Knowledge / Customer Awareness -
Lack of knowledge amongst people to use e-
banking facilities is the major limitation in India.
t obstacle in online
banking is inclination to conventional banking
method by older generation and mostly people
from the rural areas. The fright of losing money in
the online transaction is a wall to usage of e-
Lack of suitable knowledge and skills
is a major constraining for employees to deal with
the innovative and changing technologies in
banks. Training at all levels on the changing
trends in IT is the requirement of the day.
The high speed internet connectivity at rural
Experience shows
n providing 24x7 internet
connectivity in rural and remote places.
The mobile and wireless market has been one of the
The arrival of
technology and the escalating use of mobile and smart
phone devices, has given the banking industry a new
platform. Connecting a customer anytime and
anywhere to their money and needs is a must have
service that has become an unstoppable necessity.
This worldwide communication is leading a
new generation of strong banking relationships. The
banking world can achieve superior interactions with
their public base if they accommodate all their
customer needs. They have a unique challenge to
keep their customer alliances and keeping up with the
new technologies, and competitive strategies that
other banks also have to offer the public.
Conveniences of services plus outside locations like
ATMS are crucial to every banks success. Meeting all
challenges including safety and security are perfect
examples of good banking strategies. In order for the
financial institutions to effectively grow they must
embrace the new technologies and customize them to
suit their economic success and the public’s success.
VIII. References:-
1. http://ficci.in/sector/3/Add_docs/Financial
Foresights-April-2017.pdf
2. www.shodhganga.com
3. https://www.avoka.com/blog/top
banking-trends
4. https://home.kpmg.com/in/en/home/insights/2015/
08/financialsectorpov.html
Journal of Trend in Scientific Research and Development (IJTSRD) ISSN: 2456-6470
| Oct 2018 Page: 109
phone devices, has given the banking industry a new
Connecting a customer anytime and
anywhere to their money and needs is a must have
service that has become an unstoppable necessity.
This worldwide communication is leading a
generation of strong banking relationships. The
banking world can achieve superior interactions with
lic base if they accommodate all their
They have a unique challenge to
keep their customer alliances and keeping up with the
new technologies, and competitive strategies that
other banks also have to offer the public.
ces plus outside locations like
ATMS are crucial to every banks success. Meeting all
challenges including safety and security are perfect
examples of good banking strategies. In order for the
financial institutions to effectively grow they must
new technologies and customize them to
suit their economic success and the public’s success.
http://ficci.in/sector/3/Add_docs/Financial-
2017.pdf
https://www.avoka.com/blog/top-millennial-
https://home.kpmg.com/in/en/home/insights/2015/
08/financialsectorpov.html