Role of information technology on efficiency and growth of banking industries in Ramgarh district

Abstract

This paper is written to state the different aspects of Information Technology and its direct and indirect impact on Banking Industries. The different technologies that are being implemented currently by banks and what the future holds for Information Technology. Information Technology has changed the traditional way of banking business and made the banking business easier, fast and more efficient. Banks now need to remain relevant by catering to the needs and expectations of the customers and to the technology advancements, by providing better services and products. The Information Technology made possible to business globally and connecting with people from different countries, across the world. Banking sectors take the assistance of Information Technology in three forms: 1. Record Keeping 2. Information Sharing 3. Business Services With the help the Information Technology, Banking Sectors has joined hands in the process of globalizations and liberalization.