A Study on The Analysis of Digital Banking In India

Abstract

The use of digitalization in every sector of economy is increasing day by day. In today’s world, the increasing role of digital banking cannot be ignored. Digital Banking helps to cope up with the company’s strategy and plans. Digitalization in payment of commerce and trade has gained a lot in the present scenario and at the time of global pandemic era. Paper aims to discuss and analyse the increasing role of digital banking, and to increase the use of cashless transactions and to have smooth functioning in trade and commerce. The source of data collection is both i.e., primary as well as secondary. The data is collected from 300 respondents. The investigation was done to examine the similarities and differences of plans and policies, role of digital banking in every sector, and how they cope up with others using of digital banking. The finding of the study is that, the role has become important with digital payment, standards, position in the arrangement of policies to determine available options by digitalization in payment. Through the study, the capacity and competency of employees are acknowledged to be faced by industries and companies.