E - Government & E - Governance (The Paradigm Shift to India of online banking)

8/8/2019 E - Government & E - Governance (The Paradigm Shift to India of online banking)

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Good Afternoon

Principal & faculty

Members And My Dear Friends

To the Respected







I ntroduction of E - Government

Pushing information over the Internet, e.g: regulatory services,

general holidays, public hearing schedules, issue briefs,

notifications, etc.

Two-way communications between the agency and thecitizen, a business, or another government agency. In this

model, users can engage in dialogue with agencies and post

problems, comments, or requests to the agency.

Conducting transactions, e.g: lodging tax returns, applying for services and grants.

Governance, e.g: online polling, voting, and etcSource-www.

Wikipedia.com

On- 9/12/08



I ntroduction Of E - Governance

As far as e-

governance

projects are

concerned, the

government is

gradually changingits role from an

implementer to a

facilitator and

regulator Manoj Kunkalienka

Executive Director

ICICI Infotech

Leading by example:-

Microsoft's goal over

the years has been to

share its learning of

how governments are

using information

technology to improvethe way people live,

learn and work

Rajiv Kaul

Managing Director

Microsoft India

1) Social

Responsibility

2) Business Ethics

3) Accountability

4) Transparency

5)

Easy access totangible benefits



E ² Banking ( Electronic Banking)

What I s banking :-

An organization, usually a corporation , chartered by a state or federal government, which does most or all of the following works :-

Demand Deposits,

Time Deposits,

Provides Loans,

Collect Cheque & Drafts on behalf of the account holder,

Provides Safety Lockers , etc.

I ntroduction of banks :- History of Banking in India

Nationalisation of Banks in India

Scheduled Commercial Banks in India.

Source-www.

India Finance &

investment

guide.comOn-

9/12/08

Source-www.

investorwords.com

On- 10/12/08





3 ) Security Of Online Banking :-

1) Attack

2) Counter measures

2) Reasons for adopting the online banking

4) Types Of Online Banking A/c :-

1) Deposit account2) Personal account

3) Transaction deposit

4) Demat account

5) Trading account



N ames Of the banks Providing E- Banking :- - ABN- AMRO Bank

- American Express Bank

- Andhra Bank

- Allahabad Bank

- Axis Bank (Earlier UTI Bank)

-Bank of Baroda

-Bank of India

-Bank of Maharastra-Bank of Punjab

-Bank of Rajasthan

-Canara Bank

-Central Bank of India

-Centurion Bank

-Citi Bank

-Corporation Bank

-Dena Bank

-Federal Bank

-HDFC Bank

-HSBC

-ICICI Bank

-IDBI Bank

-Indian Bank

-Indian Overseas Bank

-IndusInd Bank

-ING Vysya Bank

-Karnataka Bank-Oriental Bank of Commerce

-Punjab National Bank

-Punjab & Sind Bank

-Standard Chartered Bank

-State Bank of India (SBI)

-Syndicate Bank

-UCO Bank

-Union Bank of India

-United Bank of India

-Vijaya Bank

Source- www.

India Finance &

investment

guide.com

On- 9/12/08



1) Quicker time to market2) Greater reach to customers

3) Ability to introduce new products and services quickly and

successfully

4) Ability to understand its customers needs

5) Customers are given access to information easily across any

location

6) Greater customer loyalty

7) Reduces cost of communication

8) Paperless work

9) Transparency

10) Attract new customer

Advantage of Online Banking :-

Source-www.

India Finance &

investment

guide.comOn- 9/12/08



Disadvantages of Online

Banking :- Lack of trust

Difficult to learn

Misuse of accounts throughhacking

Failure of Server

By-Natasha Bantwal

On-12/5/2007



I nternet banking frauds :- 1) Spy ware

2) Public access can be injurious

3) Protection

4) Check sites Url

5) Keep your system up to date

6) Always check µlast logged¶

7) Fool-proof password



Some Safe Online Banking Tips

by RB I :-

Protect your Money.

Protect your Internet password.

Protect your PIN.

Protect your Money.

Report lost or stolen credit card immediately.

Check your monthly credit card and bank statements for unusual

activity.Protect your Savings.

Count the number of cheque leaves whenever you receive a

new cheque book.

Source- www.

worldjute.com

On- 9/12/08



Emerging Challenges on Online

Banking for RB I :- Demand side pressure due to increasing access to low cost

electronic services.

Emergence of open standards for banking functionality.

Growing customer awareness and need of transparency.

Global players in the fray.

Close integration of bank services with web based E-commerce for

services through direct electronic payments (E- Cash).



Guidance Lead by RB I on

Online Banking :- Only such banks which are licensed and supervised in India and

have a physical presence in India will be permitted to offer mobile

payment service to residents of India.

Only Indian Rupee based services should be provided.

Banks may use the services of Business Correspondents for

extending this facility, to their customers.

The RBI guidelines on ³Know Your Customer (KYC)´ and ³ Anti

Money Laundering ( AML)´ as prescribed by RBI from time to time

would be would be applicable to customers opting for mobile based

banking service.Source- www.

reservebankofindia.

com

On- 10/12/08



Conclusion :-

Fact that need to be understood that there are some serious

challenges towards smooth transactions in developing countries as:-

Low level of literacy or e literacy

Lack of financial Resources

Deep rooted corruptions, which has seeded in all level of governance& makes it difficult for implementing any changes.

Lack of leadership which has been exemplified by the sates

like Andhra Pradesh & Karnataka by have dynamic leaders but this

should not dissuade from the objectivity evaluating these initiatives &

there are still some areas of low online banking. Another area which

required attention of researchers and practioners is the fact that e

governance initiative cant be evaluated in stand alone fashionespecially when the technology is changing very fast.



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E - Government & E - Governance (The Paradigm Shift to India of online banking)