Risk management principles for E-banking: An over view

Electronic banking is the wave of the future. It provides enamors benefit to consumers in terms of the ease and cost of transactions. But it also poses new challenges for country authorities in regulating and supervising the financial system and in designing and implementation macro-economic policy. E-bank is the electronic bank that provides the financial service for the individual client by means of Internet.

Notwithstanding the significant benefits of technological innovation, the rapid developments of e-banking capabilities carries risks as well as benefits and it is important that these risks are recognized and managed by banking institutions in a prudent manner. This development led the Allahabad banking supervision to conduct a preliminary study of the risk management implication of e-banking and e-money. The study main objectives are to know the securities and safety for e-banking to the customers. And know the effective management oversight of e-banking activities. Know the password securities for e-banking. Methodology use for the study was primary and secondary methods. The findings are based on the basis of research.