Digital Transformation in Indian Banking: Opportunities and Challenges

Digital Transformation in Indian Banking: Opportunities and Challenges

Registration ID: IJNRD_216465

Published ID: IJNRD1805018

DOI: https://doi.org/10.5281/zenodo.10894450

Dr Ashok Kumar Mishra

Digital transformation, Indian banking, opportunities, challenges, case studies, future trends, AI, open banking, blockchain

The digital transformation of the Indian banking sector presents a paradigm shift in how financial services are delivered, accessed, and managed. This paper explores the opportunities and challenges associated with digital transformation in Indian banking, focusing on key areas such as evolution, current state, opportunities, challenges, case studies, future trends, and outlook. Drawing on insights from industry reports, government initiatives, and case studies of leading banks and fintech startups, the paper provides a comprehensive analysis of the digital banking landscape in India. It highlights the significant growth in digital transactions, mobile banking users, and fintech investments, while also addressing challenges such as infrastructure limitations, cybersecurity threats, and regulatory complexities. Through case studies of successful digital transformation initiatives, the paper underscores the importance of innovation, customer-centricity, and collaboration in driving success in the digital era. Looking ahead, future trends such as AI, open banking, and blockchain are expected to shape the evolution of the Indian banking sector. By embracing these trends and leveraging digital technologies effectively, banks can position themselves for sustainable growth and competitiveness in an increasingly digital-first economy.

Published Paper   E-Certificate

"Digital Transformation in Indian Banking: Opportunities and Challenges ", IJNRD - INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (www.IJNRD.org), ISSN:2456-4184, Vol.3, Issue 5, page no.98-106, May-2018, Available :https://ijnrd.org/papers/IJNRD1805018.pdf

Volume 3 Issue 5, May-2018

Pages : 98-106

Paper Reg. ID: IJNRD_216465

Published Paper Id: IJNRD1805018

Downloads: 000121392

Research Area: Engineering

Country: -, -, India

Published Paper PDF: https://ijnrd.org/papers/IJNRD1805018.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD1805018

DOI: https://doi.org/10.5281/zenodo.10894450

Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Publisher: IJNRD (IJ Publication) Janvi Wave

This work is licensed under a Creative Commons Attribution 4.0 International License and The Open Definition

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INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (IJNRD) aims to explore advances in research pertaining to applied, theoretical and experimental Technological studies. The goal is to promote scientific information interchange between researchers, developers, engineers, students, and practitioners working in and around the world. IJNRD will provide an opportunity for practitioners and educators of engineering field to exchange research evidence, models of best practice and innovative ideas.

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