Impact Of E-Banking: Prior And After Effects On Banking Activities

Abstract

The manual system of recording, storing, and retrieving banking data was in use before the introduction of electronic banking. The majority of banks, if not all, adopted the use of electronic banking (e-banking) for transactions as the winds of change started to blow. In India right now, e-banking is swiftly becoming the norm rather than the exception. There have been a number of strong arguments made in favour of this dynamic change in banking systems. One of them is the built-in benefit of e-banking, which promotes time savings and incredible efficiency in the pace at which financial processes are carried out, so enhancing the performance of banks. If precise data are input, this information's accuracy and dependability are also advantages.

The goal of this study is to gain a better understanding of the benefits and drawbacks of electronic banking for banks. Secondary data, which may be found in online computer databases, e-banking periodicals and magazines, annual reports, financial summaries of the bank throughout time, and annual reports, was the method used to obtain the data. The adoption of e-banking has enhanced banks' profitability (operating profit, profit before tax, and profit after tax).