• Rakesh Kumar Giri

Globalization and liberalization have essentially changed how businesses operate all across the world. With the re-engineering of its operations, the banking sector benefited from technical innovation in the form of advancements in communication networking. Because it gives the banking industry a means for receiving electronic inputs, e-banking is seen as a crucial component for the rapid expansion of economic development. The banking in the modern day is e-banking. Both Internet banking and e-banking are terms that are used in addition. The e-banking system simplifies banking transactions for both customers and bankers in the contemporary world where everyone is preoccupied with their busy schedules. In actuality, banks have been providing a variety of value-added goods and services via electronic and communication networks. The gadgets included personal computers, telephones, and automated teller machines (ATMs). Globalization has blown across its economy, affecting every industry and penetrating all banking sector operations. Despite the fact that the E-Banking system was created in the late 1980s and described utilizing a phone line to access the banking system through a terminal, keyboard, and TV (or monitor). "Home banking" can also include sending tones and directions to the bank over the phone using a numeric keypad. In 1981, four of the main banks in the city—Citibank, Chase Manhattan, Chemical, and Manufacturers Hanover—began offering online banking services in "New York." These services were provided by videotex, television, and telephone systems. The "Bank of Scotland" established the first home internet banking services in the United Kingdom in 1983. The "Homelink" system enabled online bill payments, bank transfers, and statement reading. in order to pay bills and make bank transactions. Even though the E-Banking system gained more traction in foreign nations, it also developed in India in the early 1990s. Development could not occur without the establishment of enough infrastructure or the presence of a significant user base. The experience of HDFC Bank Ltd. and ICICI Bank Ltd. demonstrates that there are relatively few online transactions made in India. Electronic banking, or "e-banking," is the automated provision of both new and old financial services that gives clients access to electronic facilities for business and commercial activities. This essay aims to investigate the workings of net banking and e-banking in India's nationalized banking companies, as well as the different products that these institutions offer, such as bonds, debentures, and loans.

E-Banking, net banking, business, commercial transactions, globalization, Automated Teller Machines

"POTENTIAL OF INDIA'S ELECTRONIC BANKING SYSTEM: AN ANALYSIS", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.4, Issue 1, page no.614-619, January-2017, Available :http://www.jetir.org/papers/JETIR1701B94.pdf

"POTENTIAL OF INDIA'S ELECTRONIC BANKING SYSTEM: AN ANALYSIS", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.4, Issue 1, page no. pp614-619, January-2017, Available at : http://www.jetir.org/papers/JETIR1701B94.pdf