About the Book: Foreign Direct Investment Fdi and Global Financial Crisis
Electronic banking (E-banking) is a generic term encompassing internet banking,
telephone banking, mobile banking etc. 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 with effect from October 17, 2000, which provides legal recognition to
electronic transactions and other means of electronic commerce. 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