RBI has been a guiding force for the banks in forming regulations and giving recommendations to achieve various objectives.Commercial Banks in India have moved towards technology by way of Bank Mechanization and Automation with the introduction to MICR based cheque processing, Electronic Funds transfer, Inter-connectivity among bank Branches and implementation of ATM (Automated Teller Machine) Channel have resulted in the convenience of Anytime banking.
RBI has been a guiding force for the banks in forming regulations and giving recommendations to achieve various objectives.Commercial Banks in India have moved towards technology by way of Bank Mechanization and Automation with the introduction to MICR based cheque processing, Electronic Funds transfer, Inter-connectivity among bank Branches and implementation of ATM (Automated Teller Machine) Channel have resulted in the convenience of Anytime banking.TABLE OF CONTENTS Title page - - - - - -- - - - i Declaration - - - - - - - - - ii Approval page- - - - - - - - - iii Dedication - - - - - - - - - iv Acknowledgement - - - - - - - v Abstract - - - - - - - - - vi Table of content - - - - - - - - vii CHAPTER ONE 1.0 Introduction - - - - - - - 1 1.1 Background of the Study - - - - - 2 1.2 Statement of the problem - - - - - 3 1.3 Objective of the study - - - - - - 5 1.4 Hypothesis - - - - - - - - 6 1.5 Significance of the study - - - - 6 1.6 Scope of the study - - - - - - 7 1.7 Historical background of the case study - - - 8 1.8 Definition of Terms - - - - - - 10 CHAPTER TWO - Literature Review 2.0 Introduction - - - - - - - 13 2.1 Functional Financial Control in a Computerize Accounting System and effectiveness in First bank Nigeria Plc.Tags: Essay Restorative JusticeExpository Essay Literary TermBrain Essay QuestionsWriting A Compare And Contrast Essay Lesson PlanEssay Questions For Esl StudentsUseful Vocabulary Essays3d Shape HomeworkEssay About Doctor Profession
These are all remarkable landmarks in the digital revolution in the banking sector.
Online banking has changed the face of banking and brought about a noteworthy transformation in the banking operations. Real Time Gross Settlement (RTGS) is primarily used for high-value transactions which are based on 'real time'.
Different Core Banking platforms such as Finacle designed by Infosys, Ba NCS by TCS, FLEXCUBE by i-flex, gained popularity.
The process of Computerization gained pace with the opening of the economy in 1991-92.
The effectiveness of computer depends on the ability of the user.
Inherently the computer has no creative ability than the screw-driver or any simple machine.Strong initiatives have been taken by the Reserve Bank of India in strengthening the Payment and Settlement systems in banks.Technological Milestones in Indian Banks: Current status in the Digital Space Indian Government is aggressively promoting digital transactions.Since the invention of the first machines, the world has experienced a tremendous degree of advancement in technology and ones for the machine invented for solving complicated problems in the computer.With increasing frequency, it is recognized that an understanding of the computer how it influences accounting operations and it’s benefits to every accounting students and intend to work this world of advancing technology cannot be over emphasized.org Dun & Bradstreet, India's Top Banks 2016Prof. ABSTRACT The primary aim of this study is to check the effectiveness and efficiency of financial control in Computerized Environment. First Bank of Nigeria Plc and to ascertain whether computer has enhance profitability and control in the bank and other financial sectors or industries.According to the RBI Report in 2016-17 there are 2,22,475 Automated Teller Machines (ATMs) and 25,29,141 Point of Sale devices (POS).Implementation of electronic payment system such as NEFT (National Electronic Fund Transfer), ECS (Electronic Clearing Service), RTGS (Real Time Gross Settlement), Cheque Truncation System, Mobile banking system, Debit cards, Credit Cards, Prepaid cards have all gained wide acceptance in Indian banks.Today banks aim to provide fast, accurate and quality banking experience to their customers.Today, the topmost agenda for all the banks in India is digitization.