E-Banking: Evolution, Status and Prospect

Abstract

The beginning of the E-Business age has been shivering the business environment and breaking out innovative and unconventional ways of doing business. One of the latest outcomes of this E- Business is internet banking or EBanking. Banking sector is now reengineering it to adopt the change and to be in the race of globalization. Thus it has become imperative for the banking industry to better gauge the E-Banking phenomenon. This study painstakingly attempts to bestow the evolution, competitive forces, strategy, present status, and prospect of E-Banking, so that the existing banks and potential e-banks could better understand this opportunity and could reap the best benefit from it.