Abstract
Digitization is basically the procedure in which all the manual or machine-driven exercises are brought out by the electronic gadgets in association with web-enabled services. In these days, the financial and banking area has a major influence on the economy of the country. Now, banks are taking control of supply of cash through the cashless, online transactions and payment gateway. These exercises are the central inspiration for digitize banking evolution of the country. It is a fact that well-constructed and developed banking area is a foundation for the development of a country. The role of ICT is very important for monetary movement. Indeed, even the digitization in banking is financial movement and is the part of information communication technology. So, ICT in banking is essential for the advancement of computerized banking. Presently, point of convergence is changing from traditional banking to smart banking. Electronic banking, mobile banking, electronic fund transfer, and other comparative items are now easily acceptable. This paper endeavors to give a genuine image of the digitization in economical segment with fundamental information study and most recent advancement.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Similar content being viewed by others
References
Chellaswamy P (2010) Modern banking management? Himalaya Publishing House, India
Gupta K, Arya R, Goel V (2017) Emerging trends in banking sector in India: with special reference to digitization. Int J Sci Technol Manage 6(3):260–268
Shukla R (2014) Banking digital revolution—a way forward. Happiest Minds Technology Pvt. Ltd, India
The Indian banking sector: recent developments, growth and prospects (2013)
RBI discussion paper on banking structure in India (2013)
http://www.digitalindia.gov.in/content/ekranti-electronic-delivery-services
https://www.intelligenthq.com/finance/banking-technology-trends-and-vision-for-2016-in-india/
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2019 Springer Nature Singapore Pte Ltd.
About this paper
Cite this paper
Gaur, S., Jain, L., Ojha, G., Choudhary, N. (2019). An ICT Insight of Digitization of Banking in India. In: Peng, SL., Dey, N., Bundele, M. (eds) Computing and Network Sustainability. Lecture Notes in Networks and Systems, vol 75. Springer, Singapore. https://doi.org/10.1007/978-981-13-7150-9_55
Download citation
DOI: https://doi.org/10.1007/978-981-13-7150-9_55
Published:
Publisher Name: Springer, Singapore
Print ISBN: 978-981-13-7149-3
Online ISBN: 978-981-13-7150-9
eBook Packages: EngineeringEngineering (R0)