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IT in Banking 2003 (Special)
  An Overview of: IT in Banking
Indian banking industry, today is in the midst of an IT revolution. A combination of regulatory and competitive reasons have led to increasing importance of total banking automation in the Indian Banking Industry.

Information Technology has basically been used under two different avenues in Banking. One is Communication and Connectivity and other is Business Process Reengineering. Information technology enables sophisticated product development, better market infrastructure, implementation of reliable techniques for control of risks and helps the financial intermediaries to reach geographically distant and diversified markets... Read More

  Initiatives of: Reserve Bank of India
RBI's Monetary and Credit Policy 2003-04, provides an insight into the current developments & future of technology upgradation in the Indian Financial sector, including banks.

The Reserve Bank has assigned priority to the upgradation of technological infrastructure in the financial system. Substantial progress has been made for developing a modern, efficient, integrated and secure payment and settlement system for the financial services sectors. Modernisation of clearing and settlement through MICR based cheque clearing, popularising electronic clearing services (ECS) and integration of RBI-EFT scheme with funds transfer schemes of banks, introduction of centralised funds management system (CFMS) are significant milestones in this regard... Read More

   Perspectives of: CTOs of Banks in India
Banknet India invited CTO's (Chief Technology Officers) of various Major Indian Banks to share their perceptions on IT in Banking, with special reference to the Reserve Bank of India’s intitiatives in promoting computerisation in the Financial Sector.

The participants include: V Chandrasekhar, General Manager & Chief Technology Officer, Bank of Baroda; Mrs S A Panse, Deputy General Manager (Information Technology), Bank of Maharastra; C.N. Ram, Chief Technology Officer, HDFC Bank; Pravir Vohra, Chief Technology Officer, ICICI Bank; Neeraj B Bhai, Chief Technology Officer, IDBI Bank; Ravikiran Mankikar, Chief of Information Technology, Shamrao Vithal Co-Operative Bank; V.K. Ramani, President (Information Technology), UTI Bank. Also Prof. S. Sanyal, Tata Institute of Fundamental Research was invited to provide with the 'Other Perspective'.

1. Areas, which will get the emphasis in IT plans/Strategy of banks... Read More
2. Approach of RBI towards IT in Banking... Read More
3. How RBI's initiatives for Payment and Settlement system will impact customer service & efficiency of Banks?... Read More
4. Roadmap of banks to strengthen the existing financial infrastructure... Read More
5. Other Perspective... Read More



  Products & Profiles of: Banking Software Co's
The Software Packages for Banking Applications in India had their beginnings in the middle of 80s. Today, we have a wide spectrum of Banking Software available in the market to cater to the various needs of the banking Industry. There are number of software companies , which are developing software for banking industry.

For products & profiles of some of the major software companies in India ... Click Here
For Directory of IT Companies ... Click Here
  Banknet Reports & Publications
Technology In The Insurance Sector... Read More
Report on the Indian ATM Industry... Read More
M&A in Indian Banking System– An Executive Handbook... Read More
Bank Customer Survey Report on Payment Systems... Read More
Guide to Doing Business in India... Read More
Report on BPO in the Financial Sector... Read More
How & Why of Outsourcing... Read More
Reference guide to Banking Technology Industry... Read More
Trends in Banking Technology Industry... Read More
Explanations of 1200+ terms from Banking & Finance... Read More

For more publications click here

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