All the banks and financial Institutions in India are in the process of making their services web-enabled so that the online banking services could be provided to its customers and they can at the other end reap full benefits out of it. This Internet banking arena has also increased the competition among the Banks and in turn has compelled banks to focus more on its customers need and requirements and adoption of upcoming technology on the Internet. It’s being so to keep all the Banks at the same pace. Though as per the global standards India has still to go a long way but gone are those days of traditional banking. Internet banking evolved in the mid-1990s when Internet and the World Wide Web began to catch on. At present Private and Multinational Banks are doing good by implementing Internet Banking in India. Though nationalized banks have not yet implemented Internet Banking system successfully in comparison to the private ones and that is why in such Banks we find mix of both online and manual process.
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