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Title: New Technological Changes In Indian Banking Sector

Author(s): Dr.G.Anbalagan.Ph.D

 DOI : http://dx.doi.org/10.18535/ijsrm/v5i9.11


Head of the Department and Assistant Professor

Department of Commerce

Periyar University Constituent College of Arts and Science

Idappadi

Abstract

The new financial year in India has seen a fuel growth in the banking sector with the development of innovations like Unified Payments Interface (UPI), adoption of cloud technology… etc. the Banking challenges of changing needs and customer’s insights, new regulations and creating more technological innovations for customers in the banks. Nowadays we have E-Banking system along with currency notes. India’s monetary system can create a new instrument along with liquidity and safety.  The Indian banking sector where introduced Arrival of the card, introduction of Electronic Clearing Service (ECS) in 1990’s, EFT, RTGS, NEF, mobile banking, online banking are the various innovations in banking. This paper highpoints out the new technological changes in Indian banking sector

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