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Telugu Essays On Banking

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The SSC MTS Descriptive Paper will be conducted soon. The SSC MTS Paper II or the Descriptive Exam is scheduled to be held on 28th January 2018. It is now high time that you start your Descriptive Test practice soon. The SSC MTS Descriptive Test will consist of Essay & Letter Writing for 50 Marks. You will get a total of 30 minutes to finish your paper. Read this article to get the Essay and Letter Writing Topics for SSC MTS Exam. You can get the details of SSC MTS Exam& know the little details like Eligibility Criteria, Syllabus, etc.

Essay and Letter Writing Topics for SSC MTS Exam 2017

⇒ Essay Writing Topics

  1. One Year of Demonetization – Failure or Succes?
  2. Pollution in India – Is Delhi Safe to Breath?
  3. Gender Inequality at Work  Place
  4. Current Status of Indian Economy.
  5. GST Impact – Cheaper or Costlier?
  6. Digital India – Reality or Myth?
  7. Swacch Bharat Abhiyaan.
  8. Natural Calamities – Are Humans Responsible too?
  9. When will the Indian Women be Safe?
  10. Are Reservations for Lower Class Fair?
  11. Role of Agriculture in Development of India.
  12. Could India become Superpower until the year 2030?
  13. Corruption in India.
  14. What is your definition of World Peace?
  15. Global Warming and its Impact.
  16. Religious or Spiritual – Who do you think you are?
  17. Sustainable Development – Reduce, Reuse & Recycle.
  18. Beti Bachao Beti Badhao Abhiyaan.
  19. Role of Teachers in the Society.
  20. Need of Computer Literacy in today’s age.

Essay and Letter Writing Topics for SSC MTS Exam 2017

⇒ Letter Writing Topics

  1. Write a letter to your daughter to congratulate her on her Academic Success.
  2. Write a letter to your cousin who is going through a Depression.
  3. Write a letter to your elder brother asking him to guide you in making the career choice.
  4. Write a letter to your favourite author praising his/her book.
  5. Write a letter to Bank Manager for reissuing your ATM Card.
  6. Thank your old school teacher for making you a good human being.
  7. Write a letter to your Uncle advising him on his retirement plans.
  8. Write a letter to invite your friend to your brother’s wedding.
  9. Write a letter to the Municipal Officer demanding a Garbage Bin your area.
  10. Request for more frequency of Public Transportation (Bus Service) in your area to the Municipal Corporation.

Important Points to Remember

  • The essay & letter would be asked for 50 marks.
  • Make sure that the title of the Essay should be catchy and appropriate.
  • The matter you write should be grammatically correct.
  • Avoid overwriting or repeating the same content again & again.
  • Try to avoid spelling mistakes at all costs.
  • Be neutral while conveying your thoughts.
  • Conclude the Essay and Letter properly & in a systematic manner.

These Essay and Letter Writing Topics for SSC MTS Exam will be helpful to you in your daily practice. Make sure that you write atleast one essay or one letter daily to increase your speed.

Read more about SSC MTS Exam by clicking on the links below!

SSC MTS DetailedExam Pattern

Official SSC ExamCalendar

Read some sample Essays & Letters for SSC MTS Exam along with Essay & Letter Writing Format!

Format for Essay Writing for SSC MTS

Informal Letter WritingFormat for SSC MTS Exam

SSC MTS Formal Letter Writing Format

Now that you know in detail about some Essay and Letter Writing Topics for SSC MTS. You can surely begin your practice for the same!

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Have already started writing good Essays & Letters as a practice? Submit them on Testbook Discuss & let your fellow aspirants review them! Also, you can add more Essay and Letter Writing Topics for SSC MTS on the given link.

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Digital banking is the move to online banking where banking services are delivered over the internet. The advantages for banks and customers are providing more convenient and faster banking services. The shift from traditional to digital banking has been gradual and should be rather described in degrees of service digitization than through a categorization into yes and no. It involves high levels of process automation and web-based services and may include APIs enabling cross-institutional service composition to deliver banking products and provide transactions. It provides the ability for users to access financial data through desktop, mobile and ATM services.


A digital bank represents a virtual process that includes online banking and beyond. As an end-to-end platform, digital banking must encompass the front end that consumers see, the back end that bankers see through their servers and admin control panels and the middleware that connects these nodes. Ultimately, a digital bank should facilitate all functional levels of banking on all service delivery platforms. In other words, it should have all the same functions as a head office, branch office, online service, bank cards, ATM and point of sale machines.

The reason digital banking is more than just a mobile or online platform is that it includes middleware solutions. Middleware is software that bridges operating systems or databases with other applications. Financial industry departments such as risk management, product development and marketing must also be included in the middle and back end to truly be considered a complete digital bank. Financial institutions must be at the forefront of the latest technology to ensure security and compliance with government regulations.[1]

History of Digital Banking[edit]

The earliest forms of digital banking trace back to the advent of ATM machines and cards launched in the 1960s. As the internet emerged in the 1980s with early broadband, digital networks began to connect retailers with suppliers and consumers to develop needs for early online catalogues and inventory software systems.[2]

By the 1990s the Internet emerged and online banking started becoming the norm. The improvement of broadband and ecommerce systems in the early 2000s led to what resembled the modern digital banking world today. The proliferation of smartphones through the next decade opened the door for transactions on the go beyond ATM machines. Over 60% of consumers now use their smartphones as the preferred method for digital banking.[3]

The challenge for banks is now to facilitate demands that connect vendors with money through channels determined by the consumer. This dynamic shapes the basis of customer satisfaction, which can be nurtured with Customer Relationship Management (CRM) software. Therefore, CRM must be integrated into a digital banking system, since it provides means for banks to directly communicate with their customers.

There is a demand for end-to-end consistency and for services, optimized on convenience and user experience. The market provides cross platform front ends, enabling purchase decisions based on available technology such as mobile devices, with a desktop or Smart TV at home. In order for banks to meet consumer demands, they need to keep focusing on improving digital technology that provides agility, scalability and efficiency.[1]

Disruptive Fintech Companies[edit]

Traditional banks are facing growing competition from FinTechstartups, which are financial technology firms that are based on computer systems that facilitate banking and financial services.[4] These companies have the potential for endless disruptive innovation. Examples of digital banking services and companies are:[4]

  • Stripe - online payment environment for private individuals
  • Ayden - ecommerce for digital companies including Facebook
  • Lending Club - largest global peer-to-peer lending platform
  • Commonbond - marketplace for low cost student loans
  • Kabbage - provides small business funding
  • Robinhood - smartphone app for investing while bypassing commissions
  • Wealthfront - automated investment service providing "roboadvisors"
  • Billguard - alerts users about scams, billing errors and hidden fees

What digital banking means for banks[edit]

A study conducted in 2015 revealed that 47% of bankers see potential to improve customer relationship through digital banking, 44% see it as a means to generate competitive advantage, 32% as a channel for new customer acquisition. Only 16% emphasized the potential for cost saving.[5]

Major benefits of digital benefits are:[1][5][6][7]

  • Business efficiency - Not only do digital platforms improve interaction with customers and deliver their needs more quickly, they also provide methods for making internal functions more efficient. While banks have been at the forefront of digital technology at the consumer end for decades, they have not completely embraced all the benefits of middleware to accelerate productivity.
  • Cost savings - One of the keys for banks to cut costs is automated applications that replace redundant manual labor. Traditional bank processing is costly, slow and prone to human error, according to McKinsey & Company. Relying on people and paper also takes up office space, which runs up energy and storage costs. Digital platforms can future reduce costs through the synergies of more qualitative data and faster response to market changes.
  • Increased accuracy - Traditional banks that rely mainly on paper processing can have an error rate of up to 40%, which requires reworking. Coupled with lack of IT integration between branch and back office personnel, this problem reduces business efficiency. By simplifying the verification process, it's easier to implement IT solutions with business software, leading to more accurate accounting. Financial accuracy is crucial for banks to comply with government regulations.
  • Improved competitiveness - Digital solutions help manage marketing lists, allowing banks to reach broader markets and build closer relationships with tech savvy consumers. CRM platforms can track customer history and provide quick access to email and other forms of online communication. It's effective for executing customer rewards programs that can improve loyalty and satisfaction.
  • Greater agility - The use of automation can speed up both external and internal processes, both of which can improve customer satisfaction. Following the collapse of financial markets in 2008, an increased emphasis was placed on risk management. Instead of banks hiring and training risk management professionals, it's possible for risk management software to detect and respond to market changes more quickly than even seasoned professionals.
  • Enhanced security - All businesses big or small face a growing number of cyber threats that can damage reputations. In February 2016 the Internal Revenue Service announced it had been hacked the previous year, as did several big tech companies. Banks can benefit from extra layers of security to protect data.

Back End Banking Architecture[edit]

A key in which digital banks can gain a significant competitive edge is developing a more robust IT architecture. By replacing manual back-office procedures with automated software solutions, banks can reduce employee errors and speed up processes. This paradigm shift can lead to smaller operational units and allow managers to concentrate on improving tasks that require human intervention.

Automation reduces the need for paper, which inevitably ends up taking up space that can be occupied with technology. By using software that accelerates productivity up to 50%, banks can improve customer service since they will be able to resolve issues at a faster pace. One way a bank can improve its back end business efficiency is to divide hundreds of processes into three categories:

  • full automated
  • partially automated
  • manual tasks

It still isn't practical to automate all operations for many financial firms, especially those that conduct financial reviews or provide investment advice. But the more a bank can replace cumbersome redundant manual tasks with automation, the more it can focus on issues that involve direct communication with customers. The obstacles currently preventing banks from investing in a more digital back end environment are:

  • banks have traditionally prioritized launching new products that are still difficult to automate
  • mergers and acquisitions, new products and government regulations have already established complex IT architecture difficult to revise
  • IT teams do not always grasp business priorities
  • many banks lack the in-house IT expertise beyond traditional mainframe environments[7][1]

Direction Toward Digital Cash[edit]

Digital cash eliminates many problems associated with physical cash, such as misplacement or the potential for money to be stolen or damaged. Additionally, digital cash can be traced and accounted for more accurately in cases of disputes. As consumers find an increasing number of purchasing opportunities at their fingertips, there is less need to carry physical cash in their wallets.

Other indications that demand for digital cash is growing are highlighted by the use of peer-to-peer payment systems such as PayPal and the rise of untraceable cryptocurrencies such as bitcoin. Almost anything imaginable that can be paid with physical cash can theoretically be paid with the swipe of a bank card, including parking meters. The problem is this technology is still not omnipresent. Cash circulation grew in the United States by 42% between 2007 and 2012, with an average annual growth rate of 7%, according to the BBC.

The concept of an all digital cash economy is no longer just a futuristic dream but it's still unlikely to outdate physical cash in the near future. All digital banks are possible as a consumer option, but people may still have a need for physical cash in certain situations. ATMs help banks cut overhead, especially if they are available at various strategic locations beyond branch offices.[8]

Emerging Digital Solutions[edit]

Emerging forms of digital banking are[9]

These solutions build on enhanced technical architectures as well as different business models.

Future of Digital Banking[edit]

The decision for banks to add more digital solutions at all operational levels will have a major impact on their financial stability. While not all banks are in a position to make quick changes to IT infrastructure or the architecture on top of it, banks aiming to be disrupters can move toward broad end-to-end automation can do so over about a six month time frame.[7]


  1. ^ abcdSharma, Gaurav. "What is Digital Banking". VentureSkies. Retrieved 9 May 2017. 
  2. ^Kelman, James (2016). The History of Banking: A Comprehensive Reference Source & Guide. CreateSpace Independent Publishing Platform. ISBN 978-1523248926. 
  3. ^Locke, Clayton. "The irresistible rise of digital banking". Banking Technology. Retrieved 9 May 2017. 
  4. ^ abBourque, André. "12 Top Fintech Companies to Watch". Entrepreneur. Retrieved 9 May 2017. 
  5. ^ abGinovsky, John. "What really is "digital banking"? Consensus on this oft-used term's meaning eludes". Banking Exchange. Retrieved 9 May 2017. 
  6. ^Olanrewaju, Tunde. "The rise of the digital bank". McKinsey & Company. 
  7. ^ abcDias, Joao; Patnaik, Debasish; Scopa, Enrico; van Bommel, Edwin. "Automating the bank's back office". McKinsey & Company. Retrieved 9 May 2017. 
  8. ^Eveleth, Rose. "Will cash disappear? Many technology cheerleaders believe so, but as Rose Eveleth discovers, the truth is more complicated. Share on Facebook Share on Twitter". BBC. Retrieved 9 May 2017. 
  9. ^Scholten, Ulrich. "Banking-as-a-Service - what you need to know". VentureSkies. Retrieved 9 May 2017. 
  10. ^Sharma, Gaurav. "White Label Banking and Banking as a Service". VentureSkies. Retrieved 3 November 2017. 

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