E-Finance in India: The Future is Here
Volume - 2 Issue - 12, Pages - 5770-5779
Electronic finance means a provision of financial services and markets using electronic communication, electronic tools and technology with the help of internet and intranet. In other words, e-finance means use of ICT in financial service industry. E-finance is called one of the financial innovations, which offers numerous benefits to customers, financial institutions and government. The government of India and central bank, both are taking many initiative steps for developing e-finance services in India. The present study aim to investigate the status, model of e-finance, kinds of e-finance services and its importance for various parties in the Indian economy. Study also reveals the issues and challenges faced by e-finance in India. For this purpose study used secondary data compiled from various journals and articles. Overall result of the study shows that e-finance helps in achieving the economic growth of a country by providing many benefits to the FIs and government.
Cite this Article:
[Satpal. "E-Finance in India: The Future Is Here ." International Journal of Social Science and Economic Research, vol. 2, no. 12, Dec. 2017, pp. 5770-5779. December.]
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