Technology in the past two decades has seen significant budge and adoptability by the society, in terms of faster communications and accessibility to information digitally. It should also be noted that financial sphere has seen significant transformation, for example meshing depositing, online wealth management, Electronic take exchanges and E- insurances. The growth in the use of the Inter force out as a distri scarceion channel of products and services Offered by various businesses has been phenomenal. One much(prenominal) application is Inter win brinking service. ( Chau, P & Lai, V, 2003) As more than and more financial institutions are finding ways to utilise Internet technologies to launch Internet banking services, an important issue is to understand what factors leave behind impact the decisions of nodes in adopting the service. Though it made things very simple, but the growth in number of individual entities still rest complicated for seamless operations. RNR InfoTechs Allinbank is a SAAS (software as a service) product which enhances the customers to perform all the financial operations in single interface in the Indian market. This product is an online e-portal where, the customers 100 percent of the financial data including, tenfold number of bank accounts, Insurance, credit cards, Demat and other mutual bullion accounts can be merged and managed.
According to the website, www.heritage.org, the GDP of India is $ 4.0 one thousand million with growth rate of about 10.4 percent in the form 2010. The growth rate of banking sector was phenomenon and with the reforms in the Information technology was one of the primary factors. Table 1.1 and graph 1.1 shows the increased net profit in million Indian rupees of all bank groups in post advent of Information Technology. Table1.1: Increased net profit in million Indian rupees of all bank groups in post advent of Information Technology. |Years/ Groups | popular sector banks(PSB) |Private sector Banks(PrSB)|Foreign... If you want to get a full essay, order it on our website: Ordercustompaper.com
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