Introduction Need for Innovation Technology in Banks Focus Aspects of New Banking System Innovations in Banking Conclusion

1. TECHOLOGICAL INNOVATIONS
IN
INDIAN BANKING SECTOR
PRESENTED BY:-
SHWETA SINGH
SECTION B

2.  Indian Banking Sector has undergone a huge
transformation in the years since
independence.
 With 1995 regulation, the RBI was
proclaimed the central bank of India.
 In the 1990s, greater emphasis being placed
on technology and innovation.
 New concept like personal banking, retail
banking, total branch automation were
introduced.

3.  Intense competition between banks which is
going to be more severe in the coming years
and with more private players waiting to step
in.
 The choice before the customer today is far
wider in the selection of banks as well
products than ever before.

4.  Increased operations efficiency, profitability
& productivity
 Superior customer service
 Improved management/Accountability
 Minimal transactions cost
 Improved financial analysis capabilities

5.  Core Banking Solution (CBS)
 Customer Relationship Management (CRM)
 Electronic Payment Services (E-Cheques)

6.  ATM
 It stands for ‘Automatic Teller Machine’
 It enable the customers to perform financial
transactions.
 In simple words, it is ‘simple to use self
service solution.

7.  RTGS
 It stands for ‘Real Time Gross Settlement
System’
 It is a fund transfer mechanism where
transfer of money takes place from one bank
to another.
 It is primarily for large volume transaction.
 The time taken for effecting funds transfer
from one account to another is normally 2
hours.

8.  NEFT
 It stands for ‘National Electronic Funds
Transfer’
 It facilitates transfer of funds to other bank
accounts in over 36000 bank branches across
the country.
 It is simple, secure, safe, faster, way to
transfer funds.

9.  Debit Card
 It is also known as bank card or check card.
 It is an electronic card.
 It issued by bank which allows bank clients
access to their account to withdraw cash.
 Credit Card
 It is a payment card.
 It issued by financial company.

10.  It allows bank clients access to their account
to withdraw cash or pay for goods and
services.
 It charge interest and are primarily used for
short-term financing.

11.  The Indian Banking has become stronger in
terms of capital and the number of
customers .
 It has become globally competitive and
diverse aiming, at higher productivity and
efficiency.
 The Indian Banking has improve in terms of
technology, products & services, information
systems etc.