Analysis Analysis of E-commerce in banking sectors (with Special reference to SBI)

Abstract

Banking sector is one of the most important financial sectors of any economy. Banking structure of every nation is different. Banking sector’s contribution in Indian economy is huge. Banks are one of the oldest financial mediators which has been serving nation since decades. Banks play a role of accepting deposits from customers. Customers deposit their money in banks as a form of savings. Banks provides interest rate to customers on their savings. Banks provides various types of loans to their customers. Banks provides loans to various sectors of the economy. Apart from the traditional concept of depositing savings and granting loans, banks have expanded their horizons in various activities and fields like merchant banking, FOREX transactions, leasing, investment options like mutual funds, venture capital and housing finance. Banks facilitate internal as well as external or international trade in an economy. Banks maintain the flow of economy by providing funds to individuals, businesses and as well as government.