Law relating to e-banking in India – an outreach challenge

The road to electronic banking has not been smooth. Technology has played a pivotal role in all the sectors and banking was no exception to it. There are numerous advantages due to invention of e-banking. These advantages have attracted customers who want easy access to their accounts as well as safety. In India the safety is regulated by the Reserve Bank of India. RBI from time to time has been providing guidelines to all the banks incorporated in India to regulate their business in era of globalization. Apart from this, law has also extended its hands to safeguard the interest of the customer of the bank.