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EVOLUTION AND DIGITALIZATION OF INDIAN BANKING SECTOR

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EVOLUTION AND DIGITALIZATION OF INDIAN BANKING SECTOR

Contents

ACKNOWLEDGEMENTS. 2

TABLE OF CONTENTS. 3

LIST OF FIGURES. 5

EXECUTIVE SUMMARY.. 6

CHAPTER-1   INTRODUCTION.. 8

INTRODUCTION.. 9

OBJECTIVES OF THE STUDY.. 11

CHAPTER-2 LITERATURE REVIEW… 12

LITERATURE REVIEW… 13

What is Digital Banking?. 14

When was the need for Digital Banking in India first realized?. 14

Various steps in furtherance to the growth of Digital Banking in India. 16

The Growth of Digitalization in India. 16

Traditional Banking V/s Electronic Banking. 18

CHAPTER-3 RESEARCH METHODOLOGY.. 19

3.1 RESEARCH AND METHODOLOGY.. 20

3.1 .1 Sample Design. 20

3.1 .2 Type of Study and Data. 20

3.1 .3 Statistical Tools and Techniques. 20

CHAPTER-4 DATA ANALYSIS AND FINDINGS. 22

Technology boom and Evolution of Digital Banking. 23

Digitization, Digitalization and Digital Banking. 23

ROLE OF DIGITIZATION IN INDIAN BANKING.. 24

DIGITALISATION IN THE BANKING SECTOR AND ITS EVOLUTION.. 24

Digital Banking Trends in India. 25

Current status of India in the digital set-up. 27

Electronic Banking Products in India. 30

Automated Teller Machine. 30

Debit Cards. 31

Credit Cards. 32

National Electronic Fund Transfer 33

Real Time Gross Settlement 34

Mobile Banking. 36

ADVANTAGES OF DIGITALISATION IN BANKING SECTOR.. 37

PAY, RECEIVE OR TRANSFER MONEY EASILY.. 37

WRITTEN RECORD.. 37

IT IS EASY AND CONVENIENT. 37

ONLINE BILL PAYMENT. 38

DISCOUNTS FROM TAXES AND OTHER INCENTIVES. 38

Are there any challenges that are still a barrier to the growth of Digital Banking in India?. 38

ATTAINING APPLICATION PERFECTION.. 40

DIGITAL BANKING TRENDS IN INDIA.. 43

ROLE OF ARTIFICIAL INTELLIGENCE AND DATA ANALYTICS. 46

The Future of Digital Banking in India. 46

Factors Causing Digitalization Success. 47

FINDINGS. 48

CHAPTER-5 CONCLUSION AND SUGGESTIONS. 49

5.1        SUGGESTIONS. 50

5.2        CONCLUSION.. 50

BIBLIOGRAPHY.. 53

 

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