Electronic banking helps to attain enterprise resource management as well as “e” to “e” process.
As such on line banking system can add value and value chain can be created in the e-business process.
With the expansion of global Information and Communication Technology (ICT) infrastructure and the internet, e-banking is set to play a pivotal role in the national economic development of any country.
But appropriate software, technology, infrastructure, skilled manpower, and cyber law are crucial for the implementation of e-banking in the country.
It also affects to economy as well as small and large This study will be based on the study of the e-banking which was extensively studied by various researchers including Bank Bazaar (2012) which argues that banks in lines offer multiple non-transactional features that are very convenient for customers.
And also examine the current state of online banking that is to identify its strengths and weaknesses by Murray (2013) and use the results in the formulation of recommendations to contribute to the since few years all over the world.
The main advantages of online banking are: cost reduction, the increase in customers' satisfaction level, wider variety of products to be offered, the increased intensity of clients flow, greater geographical range and the individualization of the offer and customer service.
Definition A lot of online banking definitions may be found in the literature.
The last two stages apply to all of the financial institutions using the Internet channel.
Taking their specific features into account, the virtual banks start the activity offering full access to transactions and services (omitting the two first stages).