Cloud Computing is attracting everyone’s attention, right from service providers to businesses and government, as a means of cost effective provisioning of IT resources. Cloud computing can provide broad capabilities that banks need on a flexible basis to help them do much more than cut infrastructure costs. Cloud computing helps banks to transform their business processes and enhance their ability to grow in new sectors or regions without the time and cost burdens involved with establishing a physical presence. It also helps to create new markets and services to differentiate from competition and improve the ways customers’ access and use the bank’s products and services.