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.
Table of Contents
- Introduction
- Definition
- Evolution of e-banking in India
- Challenges and opportunities by reference example of India
- Challenges in the Indian financial market
- Opportunities in the Indian financial market
- Conclusion
Objectives and Key Themes
This term paper examines the current state of e-banking implementation in India. It focuses on the macro-level, emphasizing the influence of macroeconomic factors and demands. The paper aims to analyze the challenges and opportunities associated with e-banking in the Indian financial market.
- The role of infrastructure in enabling e-banking adoption
- The impact of the digital divide on e-banking access
- Security concerns and their implications for e-banking
- The potential of leapfrogging for e-banking development in India
- The influence of deregulation and foreign banks on e-banking growth
Chapter Summaries
The introduction lays out the importance of e-banking in today's world and introduces the focus of the paper on India's e-banking landscape. Chapter 2 defines e-banking, drawing on the UNCTAD definition. Chapter 3 provides a brief overview of the evolution of e-banking in India, highlighting key milestones and referencing further resources for deeper exploration. Chapter 4 delves into the challenges and opportunities facing e-banking in India. The challenges are discussed in the context of the digital divide, security concerns, and infrastructure limitations. The opportunities presented include the potential for leapfrogging, the impact of deregulation and foreign banks, and the benefits of low labor costs and skilled workers.
Keywords
E-banking, India, financial market, digital divide, security, leapfrogging, deregulation, foreign banks, infrastructure, human capital, low labor costs, critical mass, internet penetration.
- Quote paper
- Fabian Hürlimann (Author), 2010, E-Banking: Challenges and Opportunities, Munich, GRIN Verlag, https://www.grin.com/document/168004
