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Title: RECENT TRENDS IN INDIAN BANKING SECTOR: CHALLENGES AND OPPORTUNITIES
Authors: Prasanna. S
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Prasanna. S Assistant Professor, Department of Economics, R.N., Deshpande Government First Grade College, Mulugundu, Gadag District, Karnataka
MLA 8 S, Prasanna. "RECENT TRENDS IN INDIAN BANKING SECTOR: CHALLENGES AND OPPORTUNITIES." Int. j. of Social Science and Economic Research, vol. 6, no. 3, Mar. 2021, pp. 964-973, doi:10.46609/IJSSER.2021.v06i03.016. Accessed Mar. 2021. APA 6 S, P. (2021, March). RECENT TRENDS IN INDIAN BANKING SECTOR: CHALLENGES AND OPPORTUNITIES. Int. j. of Social Science and Economic Research, 6(3), 964-973. doi:10.46609/IJSSER.2021.v06i03.016 Chicago S, Prasanna. "RECENT TRENDS IN INDIAN BANKING SECTOR: CHALLENGES AND OPPORTUNITIES." Int. j. of Social Science and Economic Research 6, no. 3 (March 2021), 964-973. Accessed March, 2021. doi:10.46609/IJSSER.2021.v06i03.016.
References [1]. Javed Iqbal, Mr. Firdous Ahmad Qazi(2017) Challenges and Opportunities in Indian Banking Sector International Journal of Business and Management Invention, Volume 6 Issue 10.pp-1-4 [2]. Karigoleshwar (2016) Emerging Trends in Banking Sector - Its Challenges and Opportunities, Scholarly Research Journal for Humanity Science & English Language,VOL- 6/26,pp7480-7488. [3]. Krishna A. Goyal and Vijay Joshi (2012) Indian Banking Industry: Challenges and Opportunities, International Journal of Business Research and Management (IJBRM), Volume (3): Issue (1) p.22-23 [4]. Praveen Kumar S and J. Pavithra (2017) Recent Trends in Indian Banking Sector, International Journal of Pure and Applied Mathematics Volume 116 No. 18 pp.529-534 [5]. Savita Sindhu(2018) Emerging Challenges of Indian Banking Sector, International Journal of Engineering Technology Science and Research, Volume 5, Issue 3.p.1053. [6]. Seema Malik (2014) Technological Innovations in Indian Banking Sector: Changed face of Banking Volume 2, Issue 6, International Journal of Advance Research in Computer Science and Management Studies pp 122-128 [7]. Sujatha M, N.V Haritha and P. Sai Sreeja(2017) A Study On Recent Trends of Banking Sector in India, 9th International Conference on Recent Development in Engineering Science, [8]. Humanities and Management Mahratta Chamber of Commerce, Industries and Agriculture, Pune India. pp 296-303.
Abstract: In recent days banking sector plays a pivotal role in the process of economic development of a country, India is not an exception to this. In India banking sector was well developed system after independence with several sorts of banking were emerged such as public sector banks, foreign banks, private sector banks, regional rural banks and co-operative banks. These banks are providing various sorts of services to the customers by the way of easy transactions of funds at the national and international level, which leads to better performance in other sectors of the country. India had witnessed several innovations in the banking sector since the introduction of globalization, such as Electronic Payment Services, Electronic Funds Transfer, Electronic Clearing Service, Automatic Teller Machine, Point of Sale Terminal, Tele Banking, Electronic Data Interchange, Real Time Gross Settlement, and Card Based System. These services provided by the banking sector create various opportunities in the other sectors of the economy. Despite the faster growth of the banking and its services it is also facing several challenges. The objectives of this paper are to study the recent trends of banking sector in India, to identify the challenges faced and opportunities of banking in the country. The intended study based on the secondary sources of data collected from various books, journals, articles, reports, and websites.

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