• Subhash N
• Dr.Y.V.Rao

The Banking system has been growing with technological development practices and innovative products in Banks to go beyond their basic scope, deposit mobilization and payment functions with development of modern banking. In the present context has made progress with the help of computer and internet technologies with fast growing innovative investments and expense products created a market in banking sector attached to financial innovative activities. During the period of two decades the global financial system was characterized by a strong innovation in the sphere of secondary markets which gave birth to new innovative financial products that the financial intermediaries can use to hedge their specific risk. And also after global liberalization process there has been an increasing competition in both within and outside in the banking industry particularly financial innovation. The growing competition and dynamic consumer requirement and wants in this competitive business world, banking institutions needed to use competitive strategies in order to gain competitive edge. Introduction of new technologies, globalization, changing consumer needs have led to changes in organizational business practices. The economy of the country is on the verge of a metamorphosis, with several policy initiatives are at the implementation stage. Favorable business sentiment, enhanced consumer confidence and well controlled price rise may likely prop-up India’s economic growth. Enhanced sanction of expenditure for infrastructure, faster implementation and execution of the projects and carrying on with the reforms are expected to provide fillip to the economic growth. Owing to all these factors Indian banking industry is poised for robust growth as there would be a lot of demand from the growing business for bank credit

Financial Innovations; Banking Developments: ICT application: Financial Products

"E-Banking and its impact on the productivity of Public and Private sector banks: A case study*", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 12, page no.692-702, December-2018, Available :http://www.jetir.org/papers/JETIR1812787.pdf

"E-Banking and its impact on the productivity of Public and Private sector banks: A case study*", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 12, page no. pp692-702, December-2018, Available at : http://www.jetir.org/papers/JETIR1812787.pdf