Article : ISSUES CONFRONTED BY INTERNET BANKING

Title

ISSUES CONFRONTED BY INTERNET BANKING

Author

Dr. Aditi A. Mahajan

Internet banking is a subject receiving great attention in the banking industry and the regulatory community. As with other areas of e-commerce, discussions about Internet banking often proceed without reference to the actual state of market developments. This paper describes the current state of Internet banking and discusses its implications for the banking industry and regulatory policy. Internet banking presents policy makers and regulatory authorities with a set of significant challenges. Internet banking has the potential to transform the banking business as it significantly lowers transaction and delivery cost.

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