Information Technology in Indian Banking Sector Some Recent Developments

  • C Vijai Assistant Professor, Department of Commerce, St.Peter’s Institute of Higher Education and Research, Chennai, Tamil Nadu, India
  • P Anitha Ph.D Research Scholar (Part –Time), Department of Commerce, St.Peter’s Institute of Higher Education and Research, Chennai, Tamil Nadu, India
Keywords: Indian Banking Sector, Information Technology, Digital Wallets, UPI, Block chain Technology, Cloud Banking, Wearable Technology

Abstract

The banking sector could be the backbone of the Indian economy. In today’s era, technology support is incredibly necessary for the triple-crown functioning of the banking sector. While not IT and communication, we tend to cannot accept the success and growth of the industry and economy, it’s enlarged the role of the banking sector within the Indian economy. Run batted in new rules and supporting new technology and innovation for the client within the banks. The Indian banking sector was introduced the RTGS, mobile banking, Digital Wallets, UPI, Blockchain Technology, computing, Cloud Banking, wearable Technology, Omnichannel Banking, the point of sale, square measure numerous innovations within the Indian banking sector. This paper highlights the information technology in the Indian banking sector. This paper is descriptive. Secondary information square measures collected from numerous websites, reports, and journals.

Published
2020-01-01
Statistics
Abstract views: 81 times
PDF downloads: 61 times
Section
Articles