Your cart is empty empty bag

Free Worldwide Delivery on orders over $50


Banking with Technology

R.K. Uppal (Editor)
Synopsis India's banking sector has made rapid strides in reforming and aligning itself to the new competitive business environment. Indian baking industry is in the midst of an IT revolution. Technological infrastructure has become an indispensable part of the reforms process in the banking system, with the gradual development of sophisticated instruments and innovations in market practices. In India, the reserve Bank of India (RBI) has taken active interest in developing appropriate technological infrastructure to facilitate market development in areas such as payment and settlement systems, delivery versus Payment (DvP) and Electronic Funds Transfer (EFT). For modernizing the payment and settlement systems in India, a three-pronged approach has been adopted with due emphasis on consolidation, development and integration. The consolidation of the existing payment systems involves strengthening of computerized cheque clearing and expanding the reach of Electronic Clearing Services (ECS) and Electronic Funds Transfer (EFT). The retail payment system was given an impetus with the introduction of a new facility, viz. Special Electronic Funds Transfer (SEFT) System. The critical elements of the development strategy involve opening of the new clearing houses, interconnection of clearing houses through the Indian Financial Network (INFINET), development f real Time Gross Settlement (RTGS) system, centralized Funds management System (CFMS), negotiated dealing System (NDS) and the Structured Financial Messaging System (SFMS). This book contains 19 articles by scholars specializing in the area of banking technology. it provides an insight into the current development and future of technology upgradation in the Indian banking industry. The book, it is hoped, would provide useful information and inputs to all those interested in updating themselves with latest developments in modern banking practices.
Read more
34.20 30.78 $ 38.00 $
Free delivery Wolrdwidе in 10-18 days Ships in 1-2 days from New Delhi Membership for 1 Year $35.00
Get it now and save 10%
Members SAVE 10% every day
About the author

R.K. Uppal

Dr. R.K. Uppal did his M.A. in economics from Punjabi University, Patiala in 1986. Thereafter, he obtained M.Phil. degree from MDU, Rohtak in 1987 and Ph.D. degree from Punjabi University, Patiala in 2003. Specialising in banking and finance, Dr. Uppal has published a number of papers on the subject in reputed journals. Presently, he is head of the Department of Economics, DAV College, Malout, Punjab and Principal Investigator of the UGC financed major research project.

Write a review
Reviews 0in total

Bibliographic information

Title Banking with Technology
Author R.K. Uppal
Format Hardcover
Date published: 02.12.2008
Edition 1st ed.
Language: English
isbn 9788177081510
length xxii+218p., Tables; References; Index; 23cm.