Indian banking system stands on a very sound footing tracing its roots to the last decades of the 19th century during the British periodIn India the commercial banking includes the scheduled commercial banks and the unscheduled banks As per the conditions of Banking Regulation Act of India the banking is ldquoaccepting for the purpose of lending or investment of deposits of money from the public repayable on demand or otherwise and withdrawable by cheques draft order or otherwiseMoving on the path of modernity the Indian banking system has now computerised its operations to meet the ever burgeoning requirements of the masses In fact it was during the mideighties that software packages for banking related applications were started These steps were taken on the recommendations of a committee formed by the RBI to study the future of Indian banking industryThe Indian banking sector got a push to move ahead on the path of technologyenabled services by the entry of private and foreign banks i