Performance of Credit Cards in the context of E-Banking

Abstract: E-Banking is a generic term for the delivery of banking services and products through electronic channels. Such as the telephone the internet, the cell phone etc. the concept and scope of E-Banking is still evolving. It facilitates an effective payment and accounting system thereby enhancing the speed of delivery of banking services considerably. While E-Banking has improved efficiency and convenience, it has also posed several challenges to the regulators and supervisors several initiatives taken by the government of India, as well as the Reserve Bank Of India (RBI) have facilitated the development of E-Banking in India. The government of India enacted the IT Act 2000 which provides legal recognition to electronic transaction and other means of electronic commerce. The RBI has been preparing to upgrade itself as a regulator and supervisor of the technologically dominated financial system. It issued guidelines on risks and control in computer and telecommunication system to all banks, advising them to evaluate the risk internet in the system and put in place adequate control mechanism to address these risks. The existing regulatory framework over banks has also been extended to E-Banking. It covers various issues that fall within the framework of technology security standards, and legal and regulatory issues.