DIGITAL BANKING IN INDIA

Abstract

So the traditional banking industry is prone to the effects of digital technology. India now offers a unique structure for digital banking. The banking sector plays an important role in the development of the country's economy. The growth of the banking sector depends in many ways on the services it provides to clients. The growing trend in banking services has been significant since the new financial reforms in India. India has proven to be the source of RBI with various banking groups - public sector banks, foreign banks, private sector banks, old and new generations, regional, rural banks and cooperative banks. Has improved System. Today, the banking sector is the backbone of the Indian economy, which reflects during the boom and recession as a supporter. Since 1991, various trends and developments in the banking sector have been identified. It also shows that various improvements have been made to improve their service for customer satisfaction.Innovations have led to efficiency, creating the customer experience through the best prices, speed and convenience. With a salty and trustworthy brand, bankers and banks are a closed shop. The researcher examines and analyzes the available literature to examine issues and challenges, and propose some logical strategies from the articles, news, and materials available with the research articles. The aim is to make banking cheaper, more efficient and more accessible to all citizens of the country. Digital banking has another advantage: it allows individuals and business owners to borrow. However, e-wallets such as PayTM, Free Charge and MobicVic have been around for many years. However, conditions are changing rapidly in the digital age. Similarly, it is important for banks to be as transparent as their customers. Comfort is undoubtedly the main goal of integrating banking services into technology.