[...]... policy issues and decisions regarding the same before delving further into the other questions There is reason to believe that the current policies in this behalf are likely to be in place for some time to come and that no major changes were in the offing in the near future At another level there is reason enough to plead for normalization (in the immediate aftermath of the crisis) of other aspects of... Review seem to suggest that the developments are not universally encompassing, but have only a limited application We, however, are prone to agree with the views expressed at the Berkley Roundtable (Cohen et al 2000) A summarized version of the views propounded there is given here Allen Greenspan, Chairman, Federal Reserve, sees in the present development(s) ‘a deep seated (and) still developing shift... due to centralization) Retail and wholesale operations The review of the planned areas of future developments is a must for such an exercise Equally necessary would be a critical review of incomplete 6   E- finance areas of work Perhaps a review of investments done and the current market value of such investments will have to be part of the review exercise One must get a clear idea about the increase... are some European cases which would make one realize the importance which needs to be attached to this aspect of the problem Having decided to offer internet services, the organization must take steps to ensure that all that was promised is duly delivered The task for each one of the staff member is to discover how to do the job in a better way In the network economy where machines do the jobs, the. .. Returns on such investments and consequent improvements in productivity are being questioned This chapter examines these arguments in some detail as these issues have not received the attention they deserve Today, worldwide, billions of dollars are spent to support the requirements of the IT industry However, even after this, many of these firms have shown little results Unacceptably, a large percentage... to the wind The rates charged to the borrowers were less than the ones paid to their deposit customers The reduced costs could not compensate for such losses The result was foregone There is another aspect and that is perhaps more significant Obviously organizations with an established customer base and a network of branches could not let go the advantages so easily They developed their own e- finance. .. provider’s knowledge of the customer will necessarily have to weigh the advantages and examine if any savings were achieved through migration by the customers on the internet for standard financial products The impact is very clearly evident in brokerage services, where the internet has not only reduced the costs, but has also strengthened the relationship-dependent services of investment advising... this edition is to see if technology can be put to use to show the investors that our banks/financial institutions can offer them services at competitive prices However, there are some doubts if the banks and the private sector service providers could rise to the occasion We, as spectators of the banking scene, can see more of the game than the players themselves But the nagging questions cannot be... pertain to what does the future hold for us One has to tread a very difficult path and had it not been for the generosity of friends and erstwhile colleagues, it would never have been possible for me to complete the task I would never be able to repay this deep debt of gratitude I owe to a host of friends Even though I have mentioned only a few names here, the others have also made equally valuable... the issues like web designing but the emphasis would be on integrating the new channel with the established ‘brick/click’ model The first chapter deals with the spread of the internet facilities and the use of mobile phones with internet connectivity Next, we look at the economic basis for important decisions like pricing, price discrimination and marketing of services It is necessary to look at other . offer them services at competitive prices. However, there are some doubts if the banks and the private sector service providers could rise to the occasion. We, as spectators of the banking scene,. particularly in the small- and medium-sized enterprises. Earlier the fear that the rural–urban divide may be glossed over or completely ignored, has to some extent been overcome by the establishment of. before delving further into the other questions. There is reason to believe that the current policies in this behalf are likely to be in place for some time to come and that no major changes were