Emerging trends in baking sector Meeeravali SK.*, Dr. Emmaniel R.**, Kumar P.V. V.** *Asst. Professor, Dept. of Business Management, ST. Ann's College of Engineering & Technology, Chirala, A.P. **Professor & HOD, Dept. of Business Management, ST. Ann's College of Engineering & Technology, Chirala, A.P. Online published on 7 April, 2014. Abstract India's banking sector has made rapid strides in reforming and aligning itself to the new competitive business environment. Today banking is known as innovative banking. Indian banking industry is the midst of an IT revolution. Information technology has given rise to new innovations in the product designing and their delivery in the banking and finance industries, customer services and customer satisfaction are their prime work. Technological infrastructure has become an indispensable part of the reforms process in the banking system, with the gradual development of sophisticated instruments and innovations in market practices. One of the most significant areas where IT has had a positive impact so on substitutes for traditional funds movement services. With the advent of electronic banking electronic funds transfer and other similar products funds transfer within time frames which would have appeared impossible a few years age. The Banking sector has been immensely benefited from the implementation of superior technology during the recent past, almost in every nation in the world. Productivity enhancement, innovative products, speedy transactions seamless transfer of funds, real time information system, and efficient risk management are some of the advantage derived through the technology. Information technology has also improved the efficiency and robustness of business processes across banking sector. Top Keywords E-Banking, Automatic Teller Machine, Internet Security. Top |