Digital Banking – Boon or Bane?

15 Pages Posted: 8 Apr 2019

See all articles by Divya J. Fernandes

Divya J. Fernandes

Mangalore University, Saint Aloysius Institute of Management and Information Technology (AIMIT), Saint Aloysius Evening College, Students

Shawna J. Crasta

Mangalore University, Saint Aloysius Institute of Management and Information Technology (AIMIT), Saint Aloysius Evening College, Students

V. Basil Hans

St. Aloysius Evening College

Date Written: March 15, 2019

Abstract

Living in the technological era, we see that traditional banking is driving us towards the cancer of corruption and it is incomprehensible. Corruption in the Indian banking system has slightly lowered since the launching of the Digital India Campaign. When the government of India made its first move (i.e., demonetization) to curb corruption the outcome was it disrupted the lives of innocent people, as a positive consequence it gave an immediate boost to e-transactions. In the present scenario, people are extensively using e-transaction because of the benefits/returns that they derive from them. In this context, banks must stimulate their customers to use digital banking systems. Thus in India, Digital banking could be a roadmap that curbs corruption to a certain measure.

In this research paper, we have attempted to find out as to how Digital Banking helps to curb Corruption in India. The paper also highlights the objectives and functions of Digital Banking and how it contributes to the development of the nation. This research paper further explores the issues and the challenges faced in e-transactions. Finally, the paper examines and draws out a conclusion.

Keywords: corruption digital banking, e-banking services, frauds, India

JEL Classification: G20, L86, D73

Suggested Citation

Fernandes, Divya J. and Crasta, Shawna J. and Hans, V. Basil, Digital Banking – Boon or Bane? (March 15, 2019). Available at SSRN: https://ssrn.com/abstract=3353407 or http://dx.doi.org/10.2139/ssrn.3353407

Divya J. Fernandes

Mangalore University, Saint Aloysius Institute of Management and Information Technology (AIMIT), Saint Aloysius Evening College, Students ( email )

Mangalore, Karnataka
India

Shawna J. Crasta

Mangalore University, Saint Aloysius Institute of Management and Information Technology (AIMIT), Saint Aloysius Evening College, Students ( email )

Mangalore, Karnataka
India

V. Basil Hans (Contact Author)

St. Aloysius Evening College ( email )

PB. No 720, St Aloysius Evening College
Light House Hill
Mangalore, Karnataka 575 003
India
0824-2449714 (Phone)

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