A STUDY ON IMPACT OF TECHNOLOGICAL UP GRADATION AND INNOVATION IN INDIAN BANKING SECTOR WITH SPECIAL REFERENCE TO SBI”
Journal Title: IMPACT : International Journal of Research in Humanities, Arts and Literature ( IMPACT : IJRHAL ) - Year 2019, Vol 7, Issue 2
Abstract
The banking sector is the backbone of any economy since it acts as the convertor of savings into investment. Irrespective of other sources, the banking sector has a leading role in the capital formation and thereby the acceleration of growth and development. How effectively the banks bag the savings from the people and convert it as capital leads the growth rate of the nation into a larger extent. Technological up gradation and innovations play a vital role in the efficiency and effectiveness of the banking sector. The transformation from the ledger system to the computerization have increases the pace and efficiency of the banking sector. Since the government is focusing more on digital India and No cash economy Banks have still miles to go. The inclusion of banking services to each and everyone, reduction of the cost of banking and Easy banking ie less time consuming for bankers as well as customers and banking services anywhere at any time are the aims of modern banking. But a developing country like India, having infrastructural deficiencies and poor literacy rate, technological changes, and innovations in the banking sector is a herculean task. This paper is about the technological up gradation and innovation in banking sector taken place in the last five few years. These initiatives are to capture the valuable pie of the new gen.
Authors and Affiliations
Edwin Jerard
Keywords
Related Articles
- EP ID EP480765
- DOI -
- Views 89
- Downloads 0
THE IMPORTANCE OF DATA JOURNALISM FOR A BETTER NEWS REPORT
Now-a-days breaking news has already been broken by various types of social media such as facebook, linked in, twitter, you tube, reddit, tumblr, Instagram, snapchat, pinterest, vimeo and many others electronic media. So...
A FREE MAN'S WORSHIP: A CRITICAL ANALYSIS
Bertrand Russell (1872–1970) was born in England. He was a mathematician by his study but using the mathematics for the purpose of logic he turned to be a most distinguished modern analytic philosopher. He has written mo...
RECENT TRENDS IN THE PERFORMANCE OF INDIAN AUTOMOBILE INDUSTRY
The Automobile Industry is one of the fastest growing Manufacturing sectors in India. Before the introduction of the liberal economic policies of the 1990s this sector was also suppressed under the protectionist policy r...
Relevance of Gandhiji and Ambedkar as Social Reformers in the Contemporary Scenario
Contemporary social order in India is at once anxious and fear stimulant especially from the point of view of the marginalized sects like Dalits and other minorities, who get deprived of their fundamental freedom and rig...
A STUDY ON THE ECONOMIC AND OCCUPATIONAL CHALLENGES OF NORTHEAST MIGRANT WOMEN WORKERS IN CHENNAI
The primary focus of the research was to understand the problems, issues, and challenges of Northeast women who have been working in Chennai Metropolitan city particularly from the economic and occupational perspective....