E-Banking Crimes In India

Prajna, LLM, School of legal studies, Reva University, India

Prof. Dr Nagaraja V, Professor, School of Legal Studies, Reva University. India

ABSTRACT:

Electronic banking (e-banking) has emerged as a transformative force in the financial sector, revolutionizing the way individuals and businesses manage their finances. This paper provides an overview of the evolution, significance, challenges, and opportunities of e-banking. The history of e- banking is traced from its inception with the advent of electronic communication technologies to its current state as a ubiquitous feature of modern banking. The significance of e-banking lies in its ability to offer convenience, accessibility, and efficiency to customers, enabling them to conduct a wide range of banking transactions remotely through digital channels such as the internet and mobile devices. However, e-banking also presents unique challenges, including cybersecurity risks, regulatory compliance, and ensuring financial inclusion for all segments of society. Despite these challenges, e-banking offers immense opportunities for financial institutions to expand their reach, improve customer experience, and drive innovation in banking services. By leveraging emerging technologies, fostering collaboration among stakeholders, and adopting robust security measures, e-banking has the potential to unlock new avenues for growth and transform the future of finance. This paper concludes with recommendations for policymakers, regulators, and industry stakeholders to navigate the complexities of e-banking and harness its full potential to create a more inclusive, resilient, and innovative financial ecosystem.