this presentation is all about the New innovations in banking Industry

1. New Innovations In Banking
Industry
Presentation By:
Hemanth K Shenoy G
2nd MBA Finance
Justice K S Hegde Institute of Management Nitte

2. Banking and Technology:
• The innovations in the banking field is mainly depends upon rapid
growth in the technology
• The banking industry has became one of the developed service sector
industry in India
• Information technology is one of the most important facilitators for
the transformation of the Indian banking industry in terms of its
transactions processing as well as for various other internal systems and
process

3. Benefits by Adopting IT in Banking
• Anywhere, Anyplace and Anytime banking
• Timeless and Placeless Banking
• Convenience Banking
• Dismantling of Physical Structure
• Goodbye to Traditional Instruments and Invitation to New Instruments.
• Disappearance of Conventional Risk and Arrival of New Risks

4. • Computerization in Banking:
• Satellite Banking:

5. Recent Technological Products in
Banking Industry
Automated Teller Machines(ATMs):
Electronic Clearance System(ECS):

6. E- Cheque Service:
Point of Sale(POS):

7. Tele Banking :
Indian Financial System Code (IFSC):

8. Mobile Banking:
Electronic Fund Transfer Systems(EFT):

9. Challenges in Implementing
the changes
• Choice of right channel
• IT investment on return on investment
• Introduction of IT in rural areas
• Technological difficulties
• Security concerns

10. message
The banking sector in India has became stronger in terms of capital
and the number of customers. It has became globally competitive and
diverse aiming, at higher productivity and efficiency
Exposure to world wide and deregulation in Indian financial sector has
lead to the emergence of better quality of products and services.
Reforms have changed the face of Indian banking industries.
“with new opportunities unfolding banking sector India is emerging as
a global power in banking services within a short period”