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KSOU
MBA III-SEMESTER SEMINAR TOPICS JULY AND JANUARY
ELECTIVES (GROUP F) CORPORATE LAW
C-22F: LAW OF BANKING
1. Internet Banking.
OR
2. Private Sector Banks V/s
Foreign Banks.
Question : 1. Internet Banking.
Answer: Introduction
Net-banking, also known as internet banking, is an electronic system
managed by banks which enables customers to access financial as well as
non-financial banking products online. Earlier, customers had to visit the
banks even for a small service. However, after the arrival of internet banking,
almost all the services and products can be accessed online. From fund transfer
to requesting demand draft, net-banking facilities, and all banking essentials.
It is not just convenient but also a secure method of banking.
Internet
banking allows a user to conduct financial transactions via the Internet.
Internet banking is also known as online banking or web banking. Internet
banking offers customers almost every service traditionally available through a
local branch including deposits, transfers, and online bill payments. Virtually
every banking institution has some form of online banking, available both on
desktop versions and through mobile apps. With online banking, consumers aren't
required to visit a bank branch to complete most of
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