In addition, banking is poised to be omnipresent through facilities such as “Anywhere and Anytime Banking”, proliferation of services offered through ATM networks, IT enabled instant remittances across banks, customer payments, mobile payments and many more. The giant project of ICT supported Financial Inclusion is all set to change the face of Indian banking by making banking services fully inclusive. 5.
Technology implementation has benefited the banks also due to the facilitation of the Reserve Bank – both from the operational and legal perspectives. In addition, the Reserve Bank had provided the broad framework for many innovative technology based systems.