2. TOPIC TO BE COVERED
Introduction
Banking in India
banking Technology
Inclusive banking
Suggestions
Conclusion
3. Introduction
Information technology is one of the most
important facilitators for the transformation of the
Indian banking industry.
The technological evolution of the Indian banking
industry directed by the various committees set
up by the RBI and the government of India .
Ultimate success of IT is to reach the banking
services to unreached people in the country.
4. Banking in India
Commercial
Banks
Public Sector
Banks
(26)
Nationalized
Banks
(19+1)
SBI & Associates
Banks
(1+5)
Private Sector
Banks
(20)
Old Pvt SB
(13)
New Pvt SB
(7)
Foreign Banks
(40)
5. Banking Technology
Computerization of banking industry.
Satellite Banking
Automatic Teller Machines
Internet Banking
Phone Banking
Mobile Banking
Card Based Delivery Systems
Payment and Settlement Systems
Electronic Clearing Service
Electronic Funds Transfer Systems
Real Time Gross Settlement (RTGS)
6. Inclusive banking
Modern era is inclusivism
Inclusive growth focus on
Inclusive Finance
Inclusive Banking
Inclusive Education
Inclusive Health Care
Inclusive Science & Technology
Inclusive banking initiated by RBI in 2006
Providing banking services at an affordable/free of
cost to unreached people.
7. Inclusive banking -Through
Opening of no-frills accounts
Relaxation on know-your-customer (KYC) norms
Business correspondents (BCs)
Use of Technology
General credit cards
Simplified branch authorization
Opening of branches in unbanked rural centers
8. Suggestions
More than 60% of people do not have bank
account
Providing banking services is the way to
achieve inclusive growth.
Using technology is the effective way to
inclusive banking
Mobile banking is the effective medium of
inclusive banking
Bankers must be honest in inclusive banking
9. Conclusion
From enabling banking services to driving
transformation in the Industry.
Information Technology course do promise to
change the pace of banking to the next few years.
Mobile bank and internet banking are going to
make indoor in the banking sector in the near
future.
Inclusive banking through technology is the only
way for inclusive grouts of the country.