Impact of Digital Banking in India: Trends & Challenges

For the growth of any country’s economy various sectors play a very important role. In the Indian economic growth banking sector is the most important aspects. Banking sector become the backbone of Indian economy. Any changes regarding technology or other aspects directly impact the growth of the economy. With the change in technology various changes occur in banking sector. Now more of customers are educated. They don’t want to stand in queue for various activities like: Make payments, Deposit Cheque, Open bank accounts, Deposit Cheque and many more. With the change in time now digital banking introduced and it proves a star for the banking sector. Today’s era accept this digital banking concept very easily and in a short time period it become more demanded mode of transaction in the market. In this paper we analyse the concept of digital banking. How it effects the human life. The research is based on secondary data. The concept of digital banking in banking industry brings numerous opportunities. But with every benefits some risk also introduced. And this digital banking also come with some risk.