Published Paper Details:

Banks have traditionally been in the forefront of harnessing technology to improve their products, services and efficiency. They have, over a long time, been using electronic and telecommunication networks for delivering a wide range of value added products and services. In India, the Reserve Bank of India (RBI) is the apex banking institution that regulates the banking systemin the country. E-banking is a safe, fast, easy and efficient electronic service that enables people access to bank account and to carry out online banking services, uninterruptedly. The system can save time by carrying out banking transactions at any place and at any time using internet access. It must be noted, however, that while e-banking provides many benefits to customers and banks, it also aggravates traditional banking risks. This paper makes an attempt to study the challenges and opportunities, various services given by E-banking. Compared to developed countries, developing countries face many impediments that affect the successful implementation of e-banking initiatives.