Role of information technology in Indian banking sector developments

Abstract

Since it is the era of internet, we cannot assume an activity belonging to any of the sectors (whether it is primary sector, secondary sector or territory sector and also whether it is public sector or private sector) without it is linked with information technology ie., internet. Even in the territory sector various activities like transportation, banking, insurance, science and technology, education, health care etc., a large number of technological advancements have arrived for the past two decades. The objective of this article is to study the advantages of some such technological innovations adapted by the Indian banking sector to banks themselves as well as to their customers.