"An outline of E- Banking regime of Indian Government"

Authors

Prabodhan U. Patil, Research Scholar
SavitribaiPhule Pune University (SPPU), Pune.

Dr. Rakesh S. Patil, Professor & Head-MBA
Sandip Institute of Technology & Research Centre, Nashik.

Abstract

Retail electronic payment framework has altogether upgraded and received in various nations over the globe. India has likewise grasped E-banking broadly. Reserve Bank of India in its announcement has define the objective to support electronic installments with a dream to accomplish a goal of cashless economy. The establishmentof National Payments Corporation (NPCI) which was done in the year 2009 has set a platform for upgrade of retail electronic installments which in turn gives gigantic chance to continue to move towards paperlessi.ecashless and less money society. The research uses secondary sources of data to get an overview of developments in banking sector. The paper is a descriptive research which attempts to study the E-Banking regime of Indian Government. It points out developments that occurred in past and tries to develop a roadmap to future of banks in India.