A Study on Digital Banking in Businesses

Abstract

Banking system has an important role to play in economic development of country. The impact of technological revolution on global economy is being experienced in all walks of life and banking sector also witnessed the same. Banking is no longer limit to traditional system rather it is shifting to brick and click system and virtual banking. Banks offer new services through the medium of internet i.e. e-banking. People today prefer electronic medium of banking because of increase in internet penetrating among people. Digital banking provides advantages in the form of speed, ease and convenience. E-banking involves providing banking and related services through extensive use of information technology without direct recourse to the bank by the customer.