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Internet Banking: Boon or Bane ?

Abstract

There is little doubt that the Internet has revolutionized the entire communication system. As much as banking involves communication in one way or the other, banks have joined the communication bandwagon. Having observed the astronomical growth rate and acknowledging the potential banks adapting and often adapting the Internet to suit their functions and roles. As in any new venture there are setbacks in terms of issue of security and associated costs. As a consequence banks are working towards remedying these shortcomings so as to take full advantage of the digital revolution.

Vignesen Perumal,Bala Shanmugam

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