INTERNATIONAL JOURNAL OF SCIENTIFIC DEVELOPMENT AND RESEARCH International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2455-2631 | Impact factor: 8.15 | ESTD Year: 2016
open access , Peer-reviewed, and Refereed Journals, Impact factor 8.15
Neo-banking in India: A milestone to growth and development in financial service sector
Authors Name:
Dr. Nagaraja B.
, Mr. Anjan Kumar A. L.
Unique Id:
IJSDR2303188
Published In:
Volume 8 Issue 3, March-2023
Abstract:
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.
Keywords:
Neo-Banking, Growth and Development
Cite Article:
"Neo-banking in India: A milestone to growth and development in financial service sector", International Journal of Science & Engineering Development Research (www.ijsdr.org), ISSN:2455-2631, Vol.8, Issue 3, page no.1142 - 1145, March-2023, Available :http://www.ijsdr.org/papers/IJSDR2303188.pdf
Downloads:
000336256
Publication Details:
Published Paper ID: IJSDR2303188
Registration ID:204747
Published In: Volume 8 Issue 3, March-2023
DOI (Digital Object Identifier):
Page No: 1142 - 1145
Publisher: IJSDR | www.ijsdr.org
ISSN Number: 2455-2631
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