Neo-banking in India: A milestone to growth and development in financial service sector
Dr. Nagaraja B.
, Mr. Anjan Kumar A. L.
Neo-Banking, Growth and Development
Abstract Today we all pride to the technology for a radical changes in all business scope especially in financial sector that managing transactions very smoothly and delivering the services in finger tips. Present banking services are considerably not a new but same as the traditional banking customer were offered at past. But the amazing technologies flourish the financial sector to be a magnificent sector in the customer relationship. The services called softech, fintech, internet-banking or neo-banking. Neo-banking is the strategy adopted by the financial sector to provide such a traditional services via technology. “Conducting transactions via smart devices and computing systems was a pure myth at some point in time and today it has become a reality.”1 In the world “with over half (57 per cent) of consumers now preferring internet banking, up from 49 per cent pre-Covid-19 and 55 per cent preferring banking mobile apps compared with 47 per cent previously, the stakes have risen further as the Covid-19 context continues to move consumers towards digital baking”2 The digital India forecasted in July 2017 the internet banking users would be increased from 45 million to 150 million in 2020. This present study focused on neo-banking system and its growth and development in Indian financial sector. A fact-finding methodology is used in the study which is depends on policy documents, research papers, international reports, and available literature in the related area.
"Neo-banking in India: A milestone to growth and development in financial service sector", IJSDR - International Journal of Scientific Development and Research (www.IJSDR.org), ISSN:2455-2631, Vol.8, Issue 3, page no.1142 - 1145, March-2023, Available :https://ijsdr.org/papers/IJSDR2303188.pdf
Volume 8
Issue 3,
March-2023
Pages : 1142 - 1145
Paper Reg. ID: IJSDR_204747
Published Paper Id: IJSDR2303188
Downloads: 000347326
Research Area: Commerce
Country: Bengaluru, Karnataka, India
ISSN: 2455-2631 | IMPACT FACTOR: 9.15 Calculated By Google Scholar | ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 9.15 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Publisher: IJSDR(IJ Publication) Janvi Wave
