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Digital transformation is reshaping the financial landscape worldwide, with significant implications for emerging economies like India. This paper explores the evolution of digital banking in India, examining the drivers, challenges, and impacts of this transformation. It delves into the strategies adopted by banks, regulatory changes, and the role of government initiatives such as Digital India in fostering this transition. Through a comprehensive review of literature and analysis of data, this paper aims to provide insights into the future of the digital banking economy in India.
Keywords
Digital Transformation, Digital Banking, India, Fintech, Financial Inclusion, Technology, Mobile Banking