Covid-19 Impact on Digital Services of Banking Industry with Respect to Employee’s Perception

##plugins.themes.bootstrap3.article.main##

Abstract

Banking Industry of India is the important  source for its economy. Banks adopted technology in rigorous way due to COVID-19 pandemic. Many  studies have been conducted regarding the customer’s expectation and behaviour towards digital services and adoption of digital services in COVID-19 pandemic. This quantitative study investigates the employee’s  perception towards ‘digital’ for banks in COVID-19  pandemic. The study was conducted by targeting public and private sector banks of North India and South India both. Semi- structured interview was  conducted with 35 executives and managers of banks.  Interview questions were designed in such pattern to  investigate impact and usage of digital services on  employees. Responses are examined with NVIVO-12  software. Various responses are clubbed into main  themes based on adaptability, effectiveness, employee  training, information technology structure and trust in  digitalization of banks. The quantitative finding revels  that significant contribution has offered insight to banks about how technology has changed the working experience of employees in COVID-19 pandemic.

References

Abukhzam, M., and A. Lee., (2010). Factors affecting bank staff attitude towards E-banking adoption in Libya. The Electronic Journal of Information Systems in Developing Countries, 42 (1), 1–15.

Bazeley, P., (2007). Qualitative data analysis with NVivo, London: Sage Publications Ltd., 6-15

Boyes, G., Stone., (2003). M. E-business opportunities in financial services. J Finance Serv Mark, (8), 176–189.

Kaur, S.J., Ali, L., Hassan, M.K. et al., (2021). Adoption of digital banking channels in an emerging economy: exploring the role of in-branch efforts. J Financial Serv Mark, (26), 107–121.

Kelvin Williams, Samir Chatterjee, Matti Rossi., (2018). European Journal of Information Systems, (17) ,505–517.

Lal, R., & Saluja, R. (2012). E-Banking: The Indian Scenario. Asia Pacific Journal of Marketing & Management Review,1 (4), 16-25.

Lyytinenk, Yooy, Varshneyu, Ackermanms, Davisg, Avitalm Robeyd, Sawyers and Sorensenc., (2004). Surfing the next wave: Design and implementation challenges of ubiquitous computing environments. Communications of the Association for Information Systems, (14), 697–716.

Nayana, N. & Veena, K.P. (2018). A Case Study on Employee Perception Towards E -Banking. International Journal of Engineering Development and Research, 6 (2), 375-379.

P. Cruz, S. Binsted, (2021, January) The Rise of Digital Banks Retrieved from https://www.finder.com/in/digital-banking-statistics

Patton, M., (2002). Qualitative research & evaluation methods, 3rd ed. Thousand Oaks: Sage cop.

Rajanna, K.A., (2018). Perception and awareness of customers towards cashless transaction, A case Study. International Journal of Application or Innovation in Engineering & Management, 7(3), 33-38.

Sarika Kaushal, Dilwar Hussain., (2018). Key Future Challenges of Indian Banking Information System, International Journal of Virtual Communities and Social Networking. 65-74.

Shukla, T., & Singh, A. (2016). Employee Perception towards Technology in Banking Sector. The International Journal’s Research Journal of Social Science and Management: RJSSM, 4(2), 85-94

Siby, K., (2021). A Study on Consumer Perception of Digital Payment Methods in times of Covid Pandemic. International Journal of Scientific Research in Engineering and Management, 5(3), 1-12.

Somasundaram, M. (2020). A Study on perception on consumers towards digital payment. Mukt Shabd Journal, 9 (6), 2246-2255.

Value of digital transactions across India in financial year 2019, with estimates until 2025(in trillion Indian rupees), (2021, 30 June), Statista Research Department, Retrieved from https://www.statista.com/statistics/1247251/india-value-of-digital-transactions/

Veena,K.P., & Nayana, N. (2017). A Study on E-Banking Channel in Indian Banking Industry - With Reference to SBI and ICICI Banks. Elixir Financial Management, (104), 45884-45887.