Constructive
uses of new technologies have always contributed positively
towards improving human life standards and the economy of
the country. Technology is also finding its use in banking
by providing convenience in product delivery, access, increasing
productivity and performance. Thanks to the advances in technology,
the bank customer now has ATMs, mobile banking, any branch
banking, electronic funds transfer, etc.; treasury managers
have transparent Negotiated Delivery Systems (NDS); and commercial
bankers, the comfort of Real Time Gross Settlement (RTGS).
Technology has been a great help to bankers in their day to
day operations. No longer do they have to go through the daily
grind of balancing their books. Now that transaction processing
is done at back offices, bank officials can focus on building
relationships and selling products. The introduction of technology
has reduced the need for human involvement and as such banks
can be managed with lesser manpower. The use of computers
has made the functioning of banks sophisticated and accurate
to a large extent.
A computer is an automatic machine, which on a given command performs the job
automatically. This means that a computer can do all those jobs, which an employee had
to do manually. A single computer is equivalent to a number of persons.
The employees of banks feel that with the acceleration of computerization, the job
opportunities will become lesser and lesser. It is obvious that it has some adverse effect
on jobs in banks; but if one sees the overall effect of computers on the Indian society,
it will be clear that computers have opened the gates of job opportunities.
Bank industry, today, has become the largest market for software developing |
