Information Technology: Growth of Indian Banking and Financial Market

Abstract

The evolution of Information technology plays an unprecedented role in growth and development of Indian banking and
financial markets. Indian market unpredictably changes at a rapid pace and to cope up with these changes IT significantly
helps in attaining competitive advantages by introducing new financial products. IT facilitates the customer to have a
standard knowledge and avail the best products at best prices through proper comparison. A good number of schemes are
launched by Indian banks on regular basis that makes it impossible to reach every customer, thus it is technology that makes it
to reach within a second at an affordable price. The present paper is an attempt to have descriptive knowledge of evolution of
IT and to determine as to how working of information technology and financial markets go hand in hand. It highlights the
revolutionary, changes brought in by IT to banking industry.