New Trends in Banking Industry

8/4/2019 New Trends in Banking Industry

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Bank is a financial institution whose primaryactivity is to act as a payment agent for customersand to borrow and lend money.

The first modern bank was founded in Italy inGenoa in 1406, its name was (Bank of St.George).

There are four types of bank: (1)-Public SectorBanks. (2)-Private Sector Banks. (3)-Co-operative Banks. (4)-DevelopmentBank/Financial Institution.


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Phase-1Early phase from 1786 to 1969 of Indian

Banks.

Phase-2Nationalization of Indian Banks and up to

1991 prior to Indian banking sector Reforms.

Phase-3New phase of Indian Banking System with

theadvent of Indian Financial & Banking SectorReforms after 1991.


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PLASTIC MONEY : RTGS / NEFT

ONLINE BANKING MOBILE BANKING


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Features of ATM are as follows: 24x7 Banking Facility Withdraw Cash Balance enquiry Account Statement Unique Pin

Restrictions on withdrawal


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An automated teller machine (ATM), also known as automaticbanking machine (ABM).It is a computerised telecommunicationdevice that provides the clients of a financial institution withaccess to financial transactions in a public space without the needof a cashier.

On most modern ATMs, the customer is identified by inserting aplastic ATM card with a magnetic stripe or a plastic smartcard with a chip, that contains a unique card number and somesecurity information such as an expiration date or CVVC(CVV).Authentication is provided by the customer entering a personalidentification number. (PIN).

ATMs are placed not only near or inside the premises of banks, butalso in locations such as shopping centers/malls, airports, grocerystores, petrol/gas stations, restaurants, or any place large numbersof people may gather.
http://en.wikipedia.org/wiki/Card_Security_Codehttp://en.wikipedia.org/wiki/Card_Security_Codehttp://en.wikipedia.org/wiki/Personal_identification_numberhttp://en.wikipedia.org/wiki/Personal_identification_numberhttp://en.wikipedia.org/wiki/Card_Security_Code


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What is Debit Card ? Instant Withdrawals

Online Debit System Advantages & Disadvantages of Debit Card.


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What is Credit Card ? Buy Goods & Service.

Advantages Disadvantages


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Means ? Minimum & Maximum amount Stipulation

Fund transfer time RTGS service timing Processing Charges Information Required Volume & Value of Transaction Area covered


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It provides transactional services such as

Electronic bill presentation & payment Fund transfer between accounts Purchase & sale of investments Loan application & repayment

Also non-transactional services as Printing of bank statement Ordering cheque-book Interest calculations Receiving bank industry news Sending & receiving messages to/from bank


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To the customer Anywhere banking

Anytime banking

Risk free transactions like less handling of cash or cards

Easy payment facilities with more efficiency

Time saving

To the bank

Establishing better customer relationship Reduces human cost and time

Less chances of mismanagement of cash

Marketing tool for banks

Centralized database


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Difficulty in adopting new technology Higher cost of technology for banks as well as

customers Low computer literacy in rural areas Security issues such as unauthorized access,

damage of data by virus/hackers etc.


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Customers should never share personal information like PINnumbers, passwords etc with anyone, including employees ofthe bank.

It is important that documents that contain confidential

information are safeguarded. PIN or password mailers shouldnot be stored, the PIN and/or passwords should be changedimmediately and memorized before destroying the mailers.

Customers are advised not to provide sensitive account-related

information over unsecured e-mails or over the phone. Take simple precautions like changing the ATM PIN and online

login and transaction passwords on a regular basis. Also ensurethat the logged in session is properly signed out.


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Thankyou...

Presented By:-Kapil Bhadra (10)Rishi Chandan (15)Ajinkya Gaikwad (29)Tushar Gawali (30)Ruturaj Karnad (42)Sagar Shejwal (60)

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New Trends in Banking Industry