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What are the primary objectives of internet banking?
Following are the six primary objectives or drivers of internet banking: 1. To improve customer access. 2. To facilitate the offering of more services. 3. To increase customer loyalty. 4.
Why is online banking a good way to do business?
Convenience way of operating banking transactions: Online banking is a highly profitable channel for financial institutions. It provides customers convenience and elasticity and can be provided at a lower cost than traditional branch banking (Williamson, 2006).
What is the story of internet banking information technology?
Online banking has opened doors for all the customers to operate beyond the boundries.It allows people to carry out their banking transactions by using safe websites functioned by their respective banks. The story of technology in banking started with the use of punched card machines like Accounting Machines or Ledger Posting Machines.
What to learn from essay on internet banking?
After reading this essay you will learn about: 1. Meaning of Internet Banking 2. Objectives and Drivers of Internet Banking 3. Trends in India 4. Facilities Available 5. Emerging Challenges 6. Main Concerns 7. Strategies to be Adopted by Indian Banks. Essay on the Objectives and Drivers of Internet Banking
Last Update: Oct 2021
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