Information Technology in Indian Banking Sector Some Recent Developments

7 Pages Posted: 29 Jan 2020

See all articles by C. Vijai

C. Vijai

St.Peter’s Institute of Higher Education and Research

P. Anitha

affiliation not provided to SSRN

Date Written: January 1, 2020

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.

Keywords: Indian Banking Sector, Information Technology, Digital Wallets, UPI, Blockchain Technology, Cloud Banking, wearable Technology

JEL Classification: G20, G21, O32, O33

Suggested Citation

Vijai, C. and Anitha, P., Information Technology in Indian Banking Sector Some Recent Developments (January 1, 2020). Available at SSRN: https://ssrn.com/abstract=3514518 or http://dx.doi.org/10.2139/ssrn.3514518

C. Vijai (Contact Author)

St.Peter’s Institute of Higher Education and Research ( email )

Avadi
Chennai, 600054
India
9600582848 (Phone)

P. Anitha

affiliation not provided to SSRN

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