INTRODUCTION
The Indian financial system was set in motion since 1991, which has brought a great change in the banking sector of the country. There has been a gradual shift in this industry from a regulated market towards a deregulated market. The various developments in the banks have been kindled by liberalization and globalization, which in turn resulted in changes in the role of banks. The transformation pace has been more significant in recent times with technology acting as a catalyst. With the global banking going through the period of transition, effective banking system is soon becoming a global issue. The various reforms in the financial sector covering the banking, insurance, trade, taxation, etc., have acted as major catalyst in
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It was concluded that 49.5 percent of the people prefer to make their payments through card especially debit card, online banking follows this and so on.
Figure11: Methods used to encourage E-Banking
The above figure represents the various methods used to encourage E-banking in the country. The population had rated these methods individually on the scale of 1-5. Majority of the people gave highest rating to the “guarantee given by the bank of providing security and privacy”. This factor is responsible fore encouraging E-banking. Figure12: Effect of mergers on profits
The above figure depicts the effect of merges in the bank, on the quality of profits earned by these banks. In reference to the survey it can be concluded that in total 66 percent of the individuals agreed that the merges will have an effect in quality of the profits.
Figure 13: New banking rules and business cost
The above figure showed the impact of new banking rules in the business. From the random sample of 100 people it was analyzed that approximately 42 percent of the people believed that the new business rules and regulations implemented by the government of India in the banking system will raise cost of business in the country. Figure 14: Uniformity in the ATM technology given by
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In addition to this the customers are been motivated for increasing he use of plastic money like credit and debit card for making payments. The central bank of India, RBI has adopted IT in countersigning the payment system functionality and modernization by the development of Electronic Clearing Services, Electronic Funds Transfer (EFT), Centralized Funds Management System (CFMS), and Electronic Payment Systems. Therefore, Indian banking environment has become more compatible as compare to the standards of international financial system, by the positive impact of all these
For consumers, this is providing an alternative low-cost access of foreign currency exchange, without the unwanted fees i.e. many big banks do for using ATM’s abroad. In fact, in South, Southeast Asia and China fintech’s are experiencing due to data sharing abilities i.e. new Ali pay and we chat new digital finances are emerging in China, mobile wallet growth in India. This backs the idea that open banking with the use of
People shouldn 't some either of these types of drugs or any other type of drugs so you won 't get any type of disease/sickness. People believe that drugs won 't do anything bad to you but they do and no one seems to care. You should just be drug free to have a healthy life. Its way better to keep away from drugs so you have to worry about getting in trouble by the law. You can go for a run,play with your dog,go for a swim rather then doing drugs.
2.3. The differences in the three department stores strategies and results We introduce two different comparisons, based on the financial results and strategical insights regarding the customer satisfaction and loyalty which can indicate the performance of the department stores. 2.3.1. Financial As can be seen from the table below, the three competitor department stores have diverse financial results.
Banking system is essential in our economics to maintain an effective circulation of money. The bank has functions for regulation of currency to aid strong economy. Distribution of the money is crucial to promote construction of the nation and prevention of bankruptcies. In our modern economic structure is supported and developed by the banking system. However, there was a period that the national bank was shut down by the government the consequence of the bank war.
Bank of America: Mobile Banking This essay is based on the case “Bank of America: Mobile Banking” which is dated on May 2012. We will first present benefits mobile banking provide to consumers and highlight reasons why many consumers haven’t adopted mobile banking yet. Furthermore, we will look into Bank of America motivation to offer mobile banking to its customers and review associated costs and risks of mobile banking implementation. Then understand what lessons can the bank learn from its online banking operations and analyze costs and benefits of having customers migrate to online banking.
to regulate and make the standards of bank control operations more realistic, increasing the banks financial positions has increased the interest of banks boards of directors and made appropriate financial decisions , banks capital more effective in the control , because of the agreed style of components and elements of financial institutions , everyone has the ability to create a quick idea . criteria for obtaining a safety degree are applied to reduce risk , disadvantages , not to control , bring workers animate experience weak , the presence of tension and conflict because of participating with others , lack of production due to differences vision in teamwork , as for the disadvantages first than , The balance between risk and return leads to an increase in the price of securities and reduces the cost of capital . second , Leads to greater variation in the distribution of incomes and wealth. third , The emergence of continuous economic fluctuations . fourth , Use the exorbitant money to advertise and advertise in order to promote goods and they actually do not express the truth .
According to McCulley (2009), financing has got creative through the rise of securitization vehicles which has got momentum just before the financial crisis. Now the term represents a broader range of entities and activities. Moreover, ‘market-based financing’ instead of ‘shadow banking’ is preferred by some authorities and market participants. The term ‘shadow banking’ is sometimes deemed as too pejorative to characterize such an important and extensive part of the financial system despite the risks and lack of transparency involved in its activities (FSB, 2013).
Today nearly everyone has to have and use a credit card (credit card) as a medium of non-cash transactions. This is because the manufacturing process tends to be easier, offer a discount for its users as well as the practicality of use. But of course there are consequences to be paid when you use that bill pembayarannnya. For some people it does not matter, but for some others, sometimes it becomes a new problem. As a result, it is instead make your life easier, but instead burdening your life.
The main objective of the reforms is to move the Nigerian economy forward and to strengthen the banking system in order to facilitate development. The first phase of the reforms is designed to ensure a diversified, strong and reliable banking sector, which will ensure the safety of depositors’ money, play active developmental roles in the Nigerian economy and become competent and competitive players both in the African and global financial systems; while the second phase involved encouraging the emergence of regional and specialized banks (Okagbue and Aliko, 2005:
According to Peavler (2017), horizontal mergers has applied successfully in banking industry over the past 30 years. The deregulation act in year
CHAPTER 2 LITERATURE REVIEW 2.0 INTRODUCTION Within the internet banking services, researcher have indicated various determinants or drivers that had a positive effect on factor influences the acceptance the decision. Three widely used models or theories are reviewed and discussed in relation to internet banking services. These are theory of Theory Of Reasoned Action (TRA), Theory Of Planned Behavior (TPB) and Technology Acceptance Model (TAM). In the chapter, these theories are reviewed from prior studies and an attempt is made to identify the most suitable framework for this research.
THE ROLE OF INFORMATION TECHNOLOGY ON COMMERCIAL BANK PERFOMANCE CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Over the years, many innovations have taken place in the world, the most outstanding and most celebrated is the facet of information technology. In late 20th century, the banking industry consisted of a large number operating in geographically distinct local markets. Products and services — primarily taking deposits and making loans — were delivered via the branch, which emphasized face-to-face contact with customers. These customers were, for the most part, relatively unsophisticated and trusted their bankers to act in their best interest.
1.1 Introduction ”Too Big to Fail”(TBTF), is a well known and widely accepted phenomenon used even by people who are not well-informed in economics and banking. Many people and economists has the opinion that ”Big” in financial institutions is bad. Different in opinions have been shared in the last decade about banks since the inception of financial crisis in 2008. When a big bank encounters some financial distress it generate fear because if it goes bankrupt, its resulting consequences will endanger more financial institutions and hence cause a catastrophe to entire economy. Regulators and some institutions are expected to aid banks to prevent them from indulging in careless and reckless practices.
"In its simplest form, electronic banking may mean the provision of information about the bank and its products via a page on the internet" Daniel (1999). Daniel (1999), however, defines the term as "the provision of information and/or services by a bank to its customers via computer, telephone or television". A more developed service, as Daniel (1999) says, can provide the customers with a way to use the service through their accounts to accomplish the needed transactions and perform any desired purchases of products either online or any other electronic channel whether it is TV, telephone or automated teller machines (ATM). The severe competition pressures and the non-ending customers ' requirements force the banks to develop new technologies and tools.
For some, working online can earn them enough money to support themselves as well as their families. While there are lots of benefits to working online and making it as your full time job, there are some risks as well. One of these is that you are your own boss. You are the one responsible to find work, to pay expenses, to earn money, etc. This puts more uncertainty on you economically compared to a normal job would.