International Research Journal of Commerce , Arts and Science

 ( Online- ISSN 2319 - 9202 )     New DOI : 10.32804/CASIRJ

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A STUDY ON EMERGING ROLE OF E-COMMERCE TOWARDS BANKING INDUSTRY

    1 Author(s):  MR. AMBRISH VEERNAIK

Vol -  4, Issue- 2 ,         Page(s) : 552 - 558  (2013 ) DOI : https://doi.org/10.32804/CASIRJ

Abstract

In Present Scenario the banking industry is responding to the rapid development of on-line commerce. Today many evidences suggest that many banks are beginning to deliver credit and deposit products electronically. In addition, some large banks are developing products designed exclusively for e-commerce. We explore the possible implications of e-commerce for banks’ business activities. We find that banks are beginning to use the Internet to deliver traditional banking products in more ways that are efficient. Some banks are also investigating how they might expand their current service offerings to include some products designed exclusively for e-commerce as banks venture into the electronic arena. They are finding that new opportunities bring new operational risks and strategic risks. In this research paper, we are trying to explore the possible implications of e-commerce for banks’ business activities.

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