Earlier, technology was primarily employed in banks to automate back-offices. This example has been changed by a move of knowledge Technology into the front office, enabling the banks to maneuver the activities beyond branch level activities. Information Technology enabled the banks for an honest beginning of an efficient management information systems. Thus, Information Technology applications extended from back-office and front-office to other branches and even to other banks. Introduction of knowledge Technology in industry enabled the banks to access, process, storage and dissemination of knowledge electronically. To be ready to survive and grow within the changing market environment, banks opted for the newest technologies. Thus, they're ready to offer the most effective solution and supply the support required for patrons to realize maximum value from the merchandise or service. This industrial revolution in banking sector has cause a complicated development within the payments and settlement systems. The foremost striking is its extensive reach. In India, Information Technology enabled services aren't any longer confined to metropolitans or cosmopolitans only, but also at the reach of rural people. Electronic finance (E-finance) has become one among the foremost essential technological changes within the financial industry. E-finance because the provision of monetary services and markets using transmission and computation. Internet banking is changing the banking system, having the foremost effects on banking relationships. Banking is now now not confined to the branches were one has got to approach the branch head to head, to withdraw cash or deposit a cheque or request a press release of accounts. The web banking, thus, now could be more of a norm instead of an exception in many developed countries thanks to the actual fact that it's the most cost effective way of providing banking services.

KEYWORDS: E-Banking, Virtual Banking, M-Banking, Technology, Management Application System.