vy .To discuss the need of information technology in Banking, jp To understand the impact of information technology in banking » To know various models of e-banking . »» To gain insight into various e-banking options completely. The banking system which continued its operations _ sg). manually till 1980, now feels crippled with every | power fallure/computer shut down or server not working. In 1980, thé first attempt in this direction was made by the GOI by setting up a 4 committee on ‘Computerisation and Mechanisation in Banks” under the chairmanship of Dr C. Rangarajan. This committee recommended a three tier approach to computerization/mechanization of banks: - 2 1s\Branch level Banks 2n4. Regional /Zonal office level Banks 3r2- Head Office /Central Office level Banks. The recommendations of the Rangarajan Committee were implemented by the government after due consultation with staff unions/associations. However, the recommendations were partially implemented under the concept of: mechanisation.e.g- Use of personal computers for single operation and Use of advanced ledger posting machines. b . Yet another committee on com) ___transactions_was _constituted.-underath ~CRarigarajan. This committee laid down the framework of computeri- zation in banks for 1990-1994, Based on the recommendations of the committee, an industry level settlement was reached at in 1993 and the following developments were agreed upon between the parties (indian Banks Association and Employee Unions): (i) Banks may partially or fully computerize some or all opprations in branches located in «Urban Centres Metropolitan Centres cet those areas falling within urban agglomeration and J ¢/ peripheral territories : | | Information Technology has overhauled the banking system 1 of _bankis‘With an average day numberof touchers of 750 or mare er yoo an erage of 2 peeing wes. 1H Spelt Yancher He Sl anche, enn bates, ‘eve che emp i Deane (Addons, bss win tt er fates eect ‘S00 ay pu aly comptes ecans ey ent ty of tht rates tthe rte 9 sel ok ‘imum oS branche ey yea, (i Adniniston oes, irepeie of he races ay ‘wc puter an there used acne he PS, Fas. lesen pewter (Banke may ue the esemincton Gitte fo beter ‘comaniaion betveca feb, ole th ane fetes nk They nla tal 1 fatonsted Tele Michies A) 1+ SeatoreVesenionMakinee 4+ arn bso iter and Dena cat pte ‘cl ranches dealin ete agent, ‘sti ote oun cine maybe cd oy eet ‘sete a a cureny es To sen, std our machines may be ede easier noe ‘race ee 100 bah he an cing en ‘toa ote cuningmacies may body ee ‘Seat all cureney chs, aden, asteate nie ‘untng aches maybe ue! cari oo ‘aoe or every 100 hes the ne cing ie Bas ay poe eral i se of ed atta ‘be setens ot ey ena te ann al ‘Al pemanent wren eles nd permanot part i ens were fo gt pyro fe alate rene ‘ee (01.11 1990 wl allexnsequntal bet eg RA a Diet. con al the snpemeataton of tee temas of agement, ‘ning sera in nda waren pric chan Not of i Iran gan etopttan sche ena eoapuest The nil ‘rai et fr “Bran Hoar ang asso bec pied wh Ease wn ae oh ower tay bent tae eon! man tem et enti ope in mt als rl ances an a nme ‘Berta cope ba, Hp rpg esta | he G20 CE coum TERATON TN reds tnkiog rr ogee a cai 1 tee se ap: re so | oman sl ‘ine cen rey cowie mds. 2 et mtn fe ie Clete sche fon ae oes a ‘Sagar It on oo a tng of te Senet whi nr ey canter cn 2. jest ron tym whe en tour aipe eriordseersc itn ane Sago sae Sts cece inpsstfffmatinTecharoy on asking smite eo he aes wracs t'e as eesti atone se Erato tna a ond Selencieshaee I ee nga eenepog Grong tnd Sats Vance) fe doot ‘cca and much tater throush feereiwe oe Uh a a co Syne tn hae cheer wing cae of Si af ecstage re sn ene casted seus, ectand et i (0) Cot Sng frauen pecucs has ben made see oie sd ets le ‘imap dia varebing td te nn, less ‘és Gant coed, cae soaeed end teed te ‘Se deson makngl he tes ad manages 06 Covaner estos tas ease de he aptton sees mateg, neers ree ona fe ehanecs ke ATM taking, Mobi ba ‘eoet baling aloe atkng et wich has maa intra espa ant Sees See ear weeps tae HH}1 Baste wigan en ke ete ito Sete hh soe ene ie areas ‘Sn Ee mean now beste sme wd er ‘Sosa oral hore (Bian tng bead aon ting ee ay ‘cntucng mee cern! 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OVERSIGHT OF PAYMENT AND SETTLEMENT SYSTEMS {hem suast ise cites tnd, whee neces, dng hn By ences faymene and clement sca cota en ip iti aie sys ede te1:12.26 Emerging Trends in Banking and to maintain public confidence in payment and settlement systems. 7 E ‘The Payment and Settlement Systems Act, 2007 and the Payment Hh and Settlement Systems Regulations, 2008 framed there under, i provide the necessary statutory backing to the Reserve Bank of India for ‘undertaking the Oversight function over the payment and settlement systems in the country. Information Technology is now widely used in banking sector. On one hand Electronic banking has done away with the "Brick and Mortar structure” of banking, on the other hand new online banking frauds are surfacing every now and then. To provide security of financial transactions both to the customers and banks, the RBI had set up a working group on Internet banking to examine thiree major areas of Electronic banking, namely * Technology and security issues + Legal issues + Regulator and supervisory issues 1. What is the impact of technology on banking sector? 2. Discuss issues relating to ATM's? 3. What are debit cards and how are these different from credit cards? 4. Explain SWIFT in relation to internet banking? i | 5. Dillerentiate between mobile banking and doorstep banking? j 6, What are RBI guidelines on E- payment systems in India? , seaeg i | |