Summary Role of Information Systems in Banks An Empirical Study in the Indian Context Latest Verified Review 2023 Practice Questions and Answers for Exam Preparation, 100% Correct with Explanations, Highly Recommended, Download to Score A+

Role of Information Systems in Banks An Empirical Study in the Indian Context Latest Verified Review 2023 Practice Questions and Answers for Exam Preparation, 100% Correct with Explanations, Highly Recommended, Download to Score A+ Introduction Over the last three decades, there has been a phenomenal increase in the size, spread, and activities undertaken by banks in India. From approximately 8,000 bank branches in 1969, the number has now reached over 64,000. With the entry of new banks, there is intense competition for attracting and retaining the customers. Under these circumstances, the use of computers and allied technologies has become inevitable to achieve a satisfactory level of customer ser ice. Computers are best suited to a situation in which large volumes of transactions have to be processed within a short period of time. Banking as a service industry exactly fits into this description.