Computerization in Banking Sector with Banking Trends and Opportunity before Indian Banks | Original Article

ABSTRACT:

India's fast rate of economic development over the previous decade has been one of the more critical advancements in the worldwide economy. This development has its foundations in the presentation of economic liberalization in the mid 1990s, which has enabled India to abuse its economic potential and raise the populace's way of life. Banks and financial institutions are assuming significant job in the economic improvement of the India and the majority of the credit-related plans of the administration to inspire the more unfortunate and the under-special sectors, which have been executed through the banking sector. IT assumes an essential job being developed of banking sector. Present investigation demonstrates the development and advancement of IT in banking sector additionally the job of various installment pointers like-ATMs, ECS, EFTNEFT, DebitCredit cards, MICR and so on from 2005 to 2010. The investigation centers around real trends and difficulties before the banking sector in India. Study demonstrates that, reception of new technology with drawing in human ability will become vital in future. The paper endeavors to exhibit the developing trends and its difficulties that as of late rose in the banking sector with extraordinary accentuation on digitization