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What is E-banking? - Economic Applications

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Questions

What is E-banking?

What do you understand by E-banking?

Short Answer
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Solution

E-banking, or electronic banking, is the process of performing banking services and transactions through electronic channels such as personal computers or mobiles. It allows customers to check account details, apply for loans, and pay bills online. E-banking provides 24/7 services, reduces transaction costs, promotes financial discipline and transparency, and decreases the workload on bank branches, making banking convenient and accessible from anywhere at any time.

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Chapter 12: Functions of Commercial banks - Exercises [Page 116]

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