2. TYPES OF BANKING…
This is a direct
banking because the
customer get any
services on the spot
This is a online banking
because the customer
get services from many
distance
This is a wireless or
PDA (personal digital
assistance) banking
because in this type no
wire is connected and
customer get services at
any where and when he wants.
4. Electronic Banking…
E-Banking is combination of two, electronic technology and
banking.
It is a process by which a customer performs banking transactions
electronically without visiting brick and morter institutions.
It is also called online and internet banking.
E-Banking is delivery of banking services to the customer through
the use of electronic communication primarily with the internet.
5. Indian E-Banking scenario…
Opening up of economy in 1991 marked the entry of foreign banks.
They brought new technology with them.
ICICI bank kicked off online banking in 1996.
Cost comes down from $ 1.1. to $ 0.27
6. Products and Services of E-Banking
Products
ATMs
Debit Cards
Credit Cards
Services
RTGS
Bill payment Service
Fund Transfer
Railway Pass
Recharging prepaid
phones
Shopping
Online movie tickets
Mutual fund
7. About HDFC…
Incorporated in the year of 1994 by HDFC Ltd. India's
premier housing finance company.
It
was among the first companies to receive an 'in
principle' approval from the RBI to set up a bank in the
private sector.
The
Bank commenced its operations as a Scheduled
Commercial Bank in January 1995.
Authorized
Its
share capital is 550 crore.
branches are 1725 in india and has a network of 4393
ATM’s across india
10. INDIAN BANKS RANKED BY DEPOSIT,2007
Sr no.
Name of the bank
1
STATE BANK OF INDIA
2
ICICI BANK
3
CANARA
4
PUNJAB NATIONAL BANK
5
BANK OF BARODA
6
BANK OF INDIA
7
UNION BANK OF INDIA
8
CENTRAL BANK OF INDIA
9
SYNDICATE BANK
10
INDIAN OVERSEAS BANK
11
HDFC
12
UCO
ORIENTAL BANK OF
13
COMMERCE
14
ALLAHABAD BANK
15
AXIX BANK
Deposits (in billion
INR)
4355
2305
1423
1398
1249
1198
851
827
786
687
682
648
639
595
587
Deposits (2012)
10436
2555
3271
3796
3849
3182
2086 (8TH)
2201
15. Benefits of online banking
Speeded
up responses time
Improved quality of services
Flexibility
Security
16. What Do We Have to Achieve
Authentication
no spoofing
Non-repudiation
no claiming
of user action
Data Integrity
no data alteration
Privacy
no eavesdropping
Authorization
19. One-way Security
Secure
Socket Layer (SSL)
Safeguarding Online Purchases
Feel secure
Encrypts data between the client and the
server by making a direct connection
Client sends an encrypted key to the
server
Server decrypts and returns to the client
20. SSL lock
Click
the icon, or double-click (varies by
browser), and examine the security
information displayed about the web site.
21. Two-Way Security
Public
Key Infrastructure (PKI)
Insures
privacy for both online company
and online bank customer
Enables
users to securely exchange data
and money through public network