E-Banking: Challenges and Opportunities

Scientific Essay from the year 2010 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 5.75, Zurich University of Applied Sciences, language: English, abstract: Since the Internet was launched our big world has become a smaller one. E-banking has developed from virtual insignificance to millions of users worldwide. Ever since Bill Gates announced in 2008 that 'Banking is essential, banks are not.' everybody realized that e-banking has never been more important to our society than it is today. E-banking is a new delivery channel for banks, and has now become a global phenomenon. This term paper is mostly written from a macro perspective point of view. The micro perspective is often purposely excluded to emphasize the influence of macro economical concerns and requests. The purpose of this term paper is to examine the present situation in India regarding the implementation of e-banking.