MMS SEMESTER-IV PROJECT ON GENERAL MANAGEMENT

SYNOPSIS

Name : Atul jaya

Roll No : 2012201

1. PROJECT TITLE:
Information technology in banking sector

2. INTRODUCTION:
Banks and financial institutions are the backbone of the economy of the country.
Implementation of Information Technology and communication networking has
brought revolution in the functioning of the banks and the financial institutions.
For the sound implementation of Information Technology in banks and financial
institutions, necessary legal support is a must.
Legal issue relating to electronic transactions processing at banks is very much and
there was a need to address them by amending some of the existing Acts and
introduction to new act.
Necessary legislative support is essential to protect the interests as much of the
customers as of the banks in several areas relating to electronic banking and payment
system.
This is specially required to establish the credibility of Electronic Clearing System
and Electronic Funds Transfer schemes based on the electronic massage transfer.

3. PROBLEM TO STATEMENT:
Financial Institutions and Banks are continuously searching for new ways to use
technology to deliver increasing number of products and services to their customers
on one hand, on the other putting technology in use for problem solving and decision
support.
4. OBJECTIVES:
To examine the risk exposure of banks
To find out the reason for preferring Internet banking services.
To understand the facilities mostly availed by the respondents and the opinion about
the services.

5. SCOPE:
The project will help to know the core banking solution.

The study will help to understand the role of expert systems in banks.

It will help to understand electronic banking functionality, International and domestic

fund transfers, account transfers, Trade finance; Documentary credits/Letters of
credit, bank guarantees
Cash management: single/bulk payments, collections etc.

6. REVIEW OF LITERATURE:
V. Raja, Joe A. (2012), “Global e-banking scenario and challenges in banking
system”, this paper is an attempt to explore the various levels of internet banking
services provided by banks using the secondary data. It also compares the traditional
banking systems with net banking. It lists out the various advantages of internet
banking and the successful security measures adopted by different banks for secured
banking transactions. It also analyzes how E-banking can be useful for banking
industry during this global financial meltdown.

7. METHODOLOGY TO BE USED:
Sources of primary data:
1. Sources of secondary data: The data have been collected by and readily available
from other sources.
2. Annual reports were used to collect secondary data.
3. Web search.

Date: ________

Project Guide: Sachin patil