Internet Banking

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 Index
 Introduction
 History of E-Banking
 E-Banking in India
 Development of E-Banking
 What is an E-Banking?
 What is an E-Bank?
 Services provided under E-
Banking
 Advantages of E-Banking
 Disadvantages of E-Banking
 Security Risk of E-Banking
 Limitation
 Online Banking Frauds
 E-Banking Examples
 Conclusion
Introduction
 E-Banking or Electronic Banking is a major
innovation in the field of Banking.

 A system allowing individuals to perform

banking activities at home, via the internet.

 Earlier Banking was conducted in a very

traditional manner, there were no such
innovations.

 Information revolution led to the evolution of

internet ,which lead to E-Commerce continued
by evolution of E-Banking.

 The automated delivery of new and traditional

banking products and services directly to
customers through electronic, interactive
communication channels.

 Some online banks are traditional banks which

also offer online banking, while others are
online only and have no physical presence.
History of E-Banking
 E-Banking History dates back to 1980s.

 The term online became popular in the late '80s and

referred to the use of a terminal, keyboard and TV (or
monitor) to access the banking system using a phone
Line

 Stanford federal credit union was the first who offer

online internet banking services to all of its members in
1994.

 Later on snapped up by other banks like

Well Fargo, Chase Manhattan and Security First Bank.
E-Banking in India

 ICICI was the first bank to initiate the Internet

banking revolution in India as early as 1997under the
brand name 'Infinity‘.

 ICICI Bank kicked off online banking way

back in 1996 .

 But even for the Internet as a whole, 1996 to 1998

marked the adoption phase

 while usage increased only in 1999-due to lower ISP

online charges, increased PC penetration and a
tech-friendly atmosphere
Development of E-Banking

 The service was developed by Stanford Federal Credit

union, which is a financial institution

 The concept of Internet banking has been simultaneously

evolving with the development of the world wide web.

 Programmers working on banking data bases came up with

ideas for online banking transactions, some time during the
1980's.

 The online shopping promoted the use of credit cards

through Internet.

 The first online banking service in United States was

introduced, in October 1994.
Services provided under E-Banking
Advantages of E-Banking

 Round the clock banking.

User friendly

Low cost

Portable banking

Quality banking

Speed banking

Benefits for Banks

Benefits for Small to Medium Businesses

Benefits for Customers

Disadvantages of E-Banking
Security and Risk of E-Banking
Limitations
Online banking frauds
Example of E-Banking
Internet Banking in SBI
Internet Banking In ICICI
Internet Banking in AXIS
Conclusion