OPPORTUNITIES AND CHALLENGES IN THE INDIAN BANKING SECTOR

Abstract

The Indian banking sector plays a crucial role in the economic development of the country, acting as the backbone of financial services. Over the years, the industry has witnessed a transformative journey due to technological advancements, regulatory reforms, and changing consumer expectations. The banking system in India has evolved through various phases, from the pre-independence era to the current digital age, adapting to dynamic economic conditions and regulatory policies.