An Empirical Study On Role Of ICT In Banking Sector

Powerful Essays
Topics: Bank, Online banking
International Journal of Multidisciplinary and Current Research

Research Article

ISSN: 2321-3124
Available at: http://ijmcr.com

An Empirical Study on Role of ICT in Banking Sector
1

2

Saranya. J , Anitha. K , Dr. S.Vasantha

3

Research Scholar, School of Management Studies, Vels University, Pallavaram Chennai, India1 Research Scholar, School of Management Studies, Vels
University, Pallavaram Chennai, India2 Professor, School of Management Studies, Vels University, Pallavaram Chennai, India3
Accepted 04 April 2014, Available online 15 April 2014, Vol.2 (March/April 2014 issue)

Abstract
Information and communication technology are radically changing the way of business. These changes and development resulted in new delivery of channels for banking products and services such as Automated Teller Machines
(ATMs), Telephone Banking, PC-Banking, and Electronic Funds Transfer at Point of Sale (EFTPoS). Many banks are making huge investments in technology to maintain and develop their infrastructure, they not only to provide new electronic information-based services, but also to manage their risk positions and pricing. Over time, usage of Internet has been increased in banks. Their main concern has been to serve clients more conveniently, and in the process increase profits and competitiveness. ICT has been used extensively in banking. Banks have recognized the ICT as representing an opportunity to increase profits and their competitiveness. The study shows how people can make use of
ICT in banking. 200 Chennai respondents were taken as sample and the data was analysed and drawn meaningful inferences with the help of various tools such as simple percentage analysis, factor analysis and chi square. The study provides various suggestions for the banks to improve the effective utilisation of ICT in banking.
Key words: ICT, Awareness, Banking, Customers, Internet

Introduction
During the past decade, the ICT rapidly increases communication source in banking industry.



References: Edge. 2011, Vol. 4 Issue 1, p50-56. 7p. [11]. Yousafzai, shumaila (2012), A literature review of theoretical models of ICT banking adoption at the

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