Varsha Yadav, Galgotias University
INTRODUCTION:
There is a saying that “Rome was not built in a Day”, so is banking system of the World. The economic policy of any country is basically related to economic development of the country and in economic development of any country banks play major role. Banking as a part of financial sector, is lifeline of whole industry and it is important for the survival of better economic development of any country. Thus banking and finance play an important role in accelerating the rate of economic growth in every economy.
The world of finance is changing with high pace, and technology is often regarded as the primary engine of these changes. An examination of technology and its applications reveals that it has infiltrated nearly every area of our lives. Many tasks are now conducted electronically as a result of widespread use of information technology at home or at business. The Indian customers is gradually but slowly migrating to E-Banking banking. Banks and financial institutions all around the world have been transformed by information technology and communication networking technologies.
