Through Internet banking facility to issue Railway pass is also available. If you have doubts about what facts and figures to add to your banking essay, banking essay, let our writers assist you. Banks in Qatar have not been able to get the majority of customers. Mobile Banking Development and Analysis Project This research will be discussing the application of a mobile banking application, its effects, and its benefits to the consumers. Finance: The Currency Banking essay School Debate The period of the s banking essay the history of the economic thought is characterized by a significant controversy observed between the Currency School and Banking School.
How to choose credible sources for your banking essay
In this essay we will banking essay about 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, banking essay. Facilities Available 5. Emerging Challenges 6. Main Concerns 7. Strategies to be Adopted by Indian Banks. With the growth of internet and wireless communication technologies, telecommunications etc, banking essay. in recent years, the structure and nature of banking and financial services have gone for a sea change. Internet banking or e-banking is the latest in this series of technological wonders in the recent past which involves use of internet for delivery of banking products and services. Even the Morgan Stanley Dean Witter Internet Research emphasised that web banking essay more important for retail financial services than that for many other industries.
Internet banking or e-banking is changing the banking and its structure and is having major effects on banking relationships. Banking activity is now no longer confined to the banking essay where a customer has to approach the branch in person, for withdrawing cash or deposit a cheque or request for a statement of Accounts, banking essay. In accessing a true internet banking, any inquiry or transaction is processed online without any reference to the branch anywhere banking at any time. The net banking is, therefore, more of a norm rather than an exception in many developed countries because it is banking essay cheapest way of providing banking services.
Under this system, online banking is possible where every bank customer is provided with a personal identification number PIN for making online transactions with the bank through internet connections, banking essay. Internet banking or e-banking falls into four main categories, from Level 1—minimum functionality sites that offer only access to deposit account data—to level 4 sites highly sophisticated offering, enabling integrated sales of additional products and access to other financial services—such as investment and insurance. The internet has developed level playing field and thereby afforded open access to customers in the global market-place, banking essay. Internet banking is a cost-effective delivery channel for the modernized financial institutions, banking essay.
In this system, consumers are embracing many benefits of e-banking. Keeping objectives in mind, the internet banking facilities banking essay been progressing at a rapid pace throughout the world. In India, initially a beginning was made in internet banking only in some big cities which was just in banking essay stage. After getting initial success, the internet banking facility is gradually being expanded in all cities and towns to make the system popular. The deregulation of the banking industry along with emergence of new technologies are enabling the new competitors in the banking sector to enter the financial services market quite efficiently and quickly. In order to support internet banking facilities another new concept of banking i. Initially introduced by the foreign banks, the same concept in new increasingly adopted by public sector banks and also the private sector banks.
Under this concept of banking, bank customers who have an account with any select branch can easily operate his account from different designated branches on the bank spread throughout banking essay country. Banking essay this system, a customer can avail cash withdrawal, cash deposit, banking essay, transfer banking essay funds, inter-city and intra-city transactions, collection of draft and cheques etc. facilities from any of banking essay designated branches conveniently irrespective of its locations.
Core banking concept has improved the standard of the banking services with the help of modern technology. In present times, most of the public sector banks have already adopted this concept and started extending these facilities to its customers gradually by including more and more of its important branches under this category. a A number of banks have already adopted internet banking and banking essay offering varied kind of services through it. b These internet sites generally offer only most of the basic services. c Most of the foreign and private banks in India are much advanced in terms of the number of sites and their level of development in terms of rendering advanced technology linked services to its customers.
In order to make their bank account safe, one should follow certain security precautions. Customer should never share personal information like PIN number, passwords etc. with anyone, including banking essay of the bank. It is important that documents that contain confidential information are safeguarded. PIN or password should be changed immediately and memorized before destroying the mailers. Customers are also advised not to provide sensitive account-related information over unsecured e-mails or over the phone. He must take simple precautions like changing the ATM, PIN and online login and transaction passwords on a regular basis.
It is also important to ensure that the logged in session is properly signed out. Bill payment service is a utility service of internet banking. Accordingly, banking essay, each bank has tie-ups with various utility companies, service providers, insurance companies across the country. Such tie-ups can facilitate online payment of bills of electricity, telephone, banking essay, mobile phone, banking essay, credit card, insurance premium bills etc. In order to make online payment of bills, a simple one-time registration for each bills has to be made and a standing instruction has to be made to make online payment of recurring bills automatically, banking essay.
Most interestingly, the bank usually does not charge customers for such online bill payment. Internet banking has made provision for transfer of any amount of fund from one account to another of the same or any other bank. Accordingly, customers can send money anywhere in India. The transfer will take place in a day or so, whereas in a traditional method it takes about three to four working days. ICICI Bank recently reported that its online bill payment and fund transfer facility have been most popular online services, banking essay. Internet banking provides the facility of credit card to its customers. With internet banking, customers can not only pay their credit card bills online but also gets a loan on their cards. Not just this, they can also apply for an additional card, request a credit line increase and in case the card is lost, one can report lost card online.
Through Internet banking facility to issue Railway pass is also available. Indian Railways has tied up with ICICI bank banking essay this purpose and one can now make railway pass for local trains online, banking essay. The pass can be delivered to the customer at his doorstep. Initially, banking essay, the facility was limited to Mumbai, Thane, Nashik, Surat and Pune. Moreover, online booking of e-tickets of Railways, Airlines etc, banking essay. can also be made with some arrangement with banks through Internet banking. Through Internet banking, opening a fixed deposit account has become easier. A customer can now open an FD account online banking essay funds transfer.
Online banking can also be a great friend for lazy investors. Moreover, investors with interlinked de-mat account and bank account can easily trade in the stock market and the amount will be automatically debited from their respective bank accounts and the shares will be credited in their de-mat account. Besides, some banks provide its customers the facility to purchase mutual funds directly from the online banking system. Nowadays, most leading banks offer both online banking and banking essay account facilities. However, banking essay, if a customer is having his de-mat account with independent share brokers, then he needs to sign a special form, which will link his two accounts. Through Internet banking, recharging of prepaid phone has also become possible. It is no longer needed banking essay rush to the vendor to recharge prepaid phones as and when talk time runs out.
Here the customer just tops-up his prepaid mobile cards by logging in to Internet banking. Internet banking banking essay facility of shopping at fingertips. Leading banks have tied-up with various shopping websites. With a range of all kind of products. One can shop online and the payment is also made conveniently through banking essay account. One can also buy railway and air tickets through Internet banking. In India, a large sophisticated and highly competitive Internet Banking Market is gradually being developed with market pressure and is subjected to the following emerging challenges:. Close integration of bank services with web based E-commerce or even disintermediation of service through direct electronic payments E-cash.
More convenient international transactions due to the fact that the Internet along the general deregulation trends, eliminate geographic boundaries. The Internet and its underlying technologies have been changing and transforming not just banking but all aspects of finance and commerce. It usually represents much more than a new distribution opportunity. Internet banking will also enable nimble players to banking essay their traditional brick and mortar presence for improving customer satisfaction and gain share. Internet banking in India has its areas of concern.
In the mean time, a number of cases related to fraud and cheating of banks and customers by unscrupulous persons have already been lodged in India with this type of banking facilities. Irrespective of that attempts have been made by the RBI and the banking authorities for promoting safety and soundness of online and e-banking facilities in the country by issuing necessary guidelines. In a recent survey banking essay by the Online Banking Association, member institutions rated security as the most important issue of online banking. Thus there is a dual requirement to protect customers privacy and product against fraud. Online Banking provides an overview of Internet Commerce and how one company can handle secure banking practices for its financial institution clients and their customers.
Moreover, some basic information on the transmission of confidential data is presented in Security and Encryption on the web, banking essay. In this respect, PC Magazine Online also offers a primer as to how encryption works. Besides, a multi-layered security architecture comprising firewalls, filtering routers, encryption and digital certification ensures that customers account information is protected fully from un-authorised access in the following manner:. i Firewalls and filtering routers ensure that only the legitimate Banking essay users are usually allowed to access the system.
ii Encryption techniques used by the bank including the sophisticated public key encryption would ensure that privacy of data flowing between the browser and the Infinity system is protected. iii Digital certification procedures provide the assurance that the data a customer receive is from the infinity system, banking essay. In present times, Internet banking has no alternatives. Indian banking is gradually getting more and more access of Internet banking. Thus, banking essay, Internet banking would drive us into an age of creative destruction due banking essay non-physical exchange; complete transparency is also giving rise to perfectly electronic market banking essay and customer supremacy, banking essay.
However, the above mentioned steps can be implemented by following four steps mentioned below:.
mba application essay examples
So, if finance is not your major and you were assigned the task of writing an essay about banking, get ready to dig deeper. We know you may be confused at first and do everything in a chaotic way, so we wrote this article to help you compose a stunning piece and get a high grade for it. There are two kinds of people: those who are completely okay when their teacher assigns them a topic, and those who would rather select it themselves. If you already have a topic, you can move to the next part of this article. But if you need to choose what to write about, we will give you a couple of ideas to get you started on the process of writing your essay. Very often an opportunity to pick a topic seems tempting: the world is your oyster, you can choose the one you will enjoy writing about, and most importantly the one your teacher will like.
But when it comes to the actual process of selecting a topic from numerous other options, you may feel a bit overwhelmed. To impress your teacher with your banking paper, you have to pick a serious topic—one that presupposes lots of analysis. Before you start writing your assignment, have a look at this list of topics we suggest for this discipline. If your paper is connected with a money and banking essay, consider covering one of the following questions:. If you need to prepare a banking service essay, you can dwell on one of the following themes:. Some of the topics are easy, whereas others are more specific and require enough skills to conduct detailed research.
But if you are really interested in a particular theme, you will feel motivated and will cope with the challenge successfully. To write a good banking essay, use trustworthy sources. These can be articles that contain the research of experts and analysts. If your topic covers the questions of contemporary banking, ensure the material you use is no less than years old. Since the situations in the banking sector are changing dynamically, select relevant information which is regularly updated. Include stats and factual numbers in your essay to make it relevant and unbiased. You can even ask your teacher to recommend you books and articles where you can find accurate data. When you have a draft version of your writing piece, put a bit more effort to make it look better.
Read the whole text a couple of times, correct grammatical errors, and check the punctuation. Ensure your banking essay is structured logically. Use relevant information that discloses the main point of your writing. Check all the references you cite and present quotes correctly. Make a strong conclusion to show your teacher you have studied the subject thoroughly. Finally, proofread the document to exclude any minor stylistic or grammatical mistakes. Though banking is a complex discipline, using our tips may help you prepare an essay on it. Our service is easy to use and we deliver quality expertise with various assignments connected with money and banking.
This is a powerful advantage, especially when you are short on time and need instant results with your homework. In order to make online payment of bills, a simple one-time registration for each bills has to be made and a standing instruction has to be made to make online payment of recurring bills automatically. Most interestingly, the bank usually does not charge customers for such online bill payment. Internet banking has made provision for transfer of any amount of fund from one account to another of the same or any other bank. Accordingly, customers can send money anywhere in India. The transfer will take place in a day or so, whereas in a traditional method it takes about three to four working days. ICICI Bank recently reported that its online bill payment and fund transfer facility have been most popular online services.
Internet banking provides the facility of credit card to its customers. With internet banking, customers can not only pay their credit card bills online but also gets a loan on their cards. Not just this, they can also apply for an additional card, request a credit line increase and in case the card is lost, one can report lost card online. Through Internet banking facility to issue Railway pass is also available. Indian Railways has tied up with ICICI bank for this purpose and one can now make railway pass for local trains online. The pass can be delivered to the customer at his doorstep.
Initially, the facility was limited to Mumbai, Thane, Nashik, Surat and Pune. Moreover, online booking of e-tickets of Railways, Airlines etc. can also be made with some arrangement with banks through Internet banking. Through Internet banking, opening a fixed deposit account has become easier. A customer can now open an FD account online through funds transfer. Online banking can also be a great friend for lazy investors. Moreover, investors with interlinked de-mat account and bank account can easily trade in the stock market and the amount will be automatically debited from their respective bank accounts and the shares will be credited in their de-mat account.
Besides, some banks provide its customers the facility to purchase mutual funds directly from the online banking system. Nowadays, most leading banks offer both online banking and de-mat account facilities. However, if a customer is having his de-mat account with independent share brokers, then he needs to sign a special form, which will link his two accounts. Through Internet banking, recharging of prepaid phone has also become possible. It is no longer needed to rush to the vendor to recharge prepaid phones as and when talk time runs out. Here the customer just tops-up his prepaid mobile cards by logging in to Internet banking.
Internet banking provides facility of shopping at fingertips. Leading banks have tied-up with various shopping websites. With a range of all kind of products. One can shop online and the payment is also made conveniently through his account. One can also buy railway and air tickets through Internet banking. In India, a large sophisticated and highly competitive Internet Banking Market is gradually being developed with market pressure and is subjected to the following emerging challenges:. Close integration of bank services with web based E-commerce or even disintermediation of service through direct electronic payments E-cash.
More convenient international transactions due to the fact that the Internet along the general deregulation trends, eliminate geographic boundaries. The Internet and its underlying technologies have been changing and transforming not just banking but all aspects of finance and commerce. It usually represents much more than a new distribution opportunity. Internet banking will also enable nimble players to leverage their traditional brick and mortar presence for improving customer satisfaction and gain share. Internet banking in India has its areas of concern. In the mean time, a number of cases related to fraud and cheating of banks and customers by unscrupulous persons have already been lodged in India with this type of banking facilities. Irrespective of that attempts have been made by the RBI and the banking authorities for promoting safety and soundness of online and e-banking facilities in the country by issuing necessary guidelines.
In a recent survey conducted by the Online Banking Association, member institutions rated security as the most important issue of online banking. Thus there is a dual requirement to protect customers privacy and product against fraud. Online Banking provides an overview of Internet Commerce and how one company can handle secure banking practices for its financial institution clients and their customers. Moreover, some basic information on the transmission of confidential data is presented in Security and Encryption on the web. In this respect, PC Magazine Online also offers a primer as to how encryption works. Besides, a multi-layered security architecture comprising firewalls, filtering routers, encryption and digital certification ensures that customers account information is protected fully from un-authorised access in the following manner:.
i Firewalls and filtering routers ensure that only the legitimate Internet users are usually allowed to access the system. ii Encryption techniques used by the bank including the sophisticated public key encryption would ensure that privacy of data flowing between the browser and the Infinity system is protected. iii Digital certification procedures provide the assurance that the data a customer receive is from the infinity system. In present times, Internet banking has no alternatives. Banking and Inventory Management This assessment analyses the inventory management as a tool for achieving successful supply chains and resilience in the banking services industry.
Finance: The Currency School-Banking School Debate The period of the s in the history of the economic thought is characterized by a significant controversy observed between the Currency School and Banking School. Corporate Governance in the Banking Industry Work utilizes the stakeholder theories and the stewardship presumption to shows how corporate governance contributes to higher standards of accountability in the banking industry. Online Banking Fraud Risk Awareness The rationale of this research is to investigate how online-banking private customers are aware of the risk associated with the services.
Major British Banking Group and Financial Crisis The purpose of this study is the assess the extent to which financial crisis in the United States of America contributed to the liquidity crash in the Major British banking group. US Banking Expansion in Emerging Markets U. banking has contributed significantly to the development of financial markets of emerging countries such as China, Malaysia, Brazil, and others. The US and Japan voiced their disproval of the endeavor. For the merger, a general HR management strategy should be developed. It could be the expansion plans into the Middle East or the African continent. The Rise of Islamic Banking in a Time of Economic Crisis On the surface, it may seem odd that Islamic banking is in such demand but when looked at from a cultural and religious perspective, it embodies the very essence of Islamic law.
Bank Reconciliation: Theft and Control Deficiencies Internal control is a vital process because it gives reasonable assurance about the activities of a company and compliance with laws and regulations. This problem has a direct relation to the size and financial ability. US Financial and Banking Reforms History The paper reviews articles that analyze the challenges of the US financial institution in and explain the significance of the US banking reforms under Nicolas Biddle. Hedging Strategy and Bank Risk Management Strategy for risk management is an essential step for banks. Hedging is a tool managing the financial risks that may emerge in the process of managing forwards and futures.
Goldman Sachs Group in Investment Banking Industry Goldman Sachs Group has had a long history in the context of the global economy and, therefore, has gained impressive experience over the years of its operations. The Lehman Brothers Bank Collapse The main purpose of this study is to examine the financial crisis of on public discourse with regard to the collapse of Lehman Brothers. We will write a custom essays specifically for you! Bank Loan Manager: Job Analysis and Recruitment Bank loan manager is a rather profitable and respectable job, and its popularity and prestige have been growing during the last decade. Barclays Bank History and Analysis Barclays bank is one of the oldest banks in the world. Its history dates back in the 17th century when, banking services were being introduced in the United Kingdom.
Fraud Perpetrators in Banking Organizations Most of the fraud perpetrators are insiders.
No comments:
Post a Comment