The Future of Indian Banking: Challenges and Opportunities in the Digital Age
DOI:
https://doi.org/10.55544/ijrah.5.1.25Keywords:
Digitalization, Banking, Cybersecurity, Fintech, InclusionAbstract
The banking sector in India has undergone a significant transformation in recent years, largely due to the rapid development of digital technologies. As India moves towards becoming a global economic powerhouse, its banking system must evolve to accommodate the growing digitalization of the economy. This paper aims to analyze the future of Indian banking in the digital age by examining the challenges and opportunities presented by new technologies. The research explores the roles of digital payment systems, fintech innovations, cybersecurity concerns, regulatory frameworks, and financial inclusion, highlighting their impact on the banking ecosystem. Additionally, it discusses the strategic directions Indian banks can adopt to enhance their capabilities, adapt to emerging trends, and maintain their competitive edge in a rapidly changing landscape.
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Copyright (c) 2025 Dr. Garima Chaudhary
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