International Journal of Science and Research (IJSR)

International Journal of Science and Research (IJSR)
Open Access | Fully Refereed | Peer Reviewed

ISSN: 2319-7064


Downloads: 3 | Monthly Hits: ⮙1

Research Paper | Economics | India | Volume 10 Issue 8, August 2021


Indian Banking - A Long Journey of Incredible Transformation from Traditional Branch Banking to Digital Banking

Dr. S. Upendra Sastry


Abstract: Existence of a sound financial system with Banks constituting an integral part of it is a pre-requisite for any country to prosper, without India being an exception to this. As repositories of deposits and purveyors of credit, Banks play a strategic role in the sustainable socio- economic development of our country. Though ,the Banks in our country have initially started their journey by choosing the path of serving the banking needs of only the affordable and affluent sections and continued such system during the Pre- Independence Period, like other sectors of our economy, even Banking Sector is also expected to be responsive to the needs of the disadvantaged sections, to enable the Union Government to accomplish the goals of the socialistic pattern of society- the path chosen by the Government after the attainment of Independence. As the Social Banking and Mass Banking have become the crying needs for the Government, to make weaker sections and vulnerable groups enjoy access to the formal Banking facilities, Governments during the Post - Independence Period were required to go for the Nationalization of Banks.As Banks were asked to focus much on massive branch expansion and priority sector lending, Banking Sector in our country has suffered a lot on account of the unremunerative lending practices followed by it. Again, to make Banking Sector more vital and vibrant and enjoy competitive advantage, Government was required to focus on reformation of the Banking Sector through a Red Carpet Welcome gave for some concrete steps like Consolidation of Banking Industry through Mergers, adoption of ICT enabling the Banks in our country enhance customer experiences through customized banking products using ICT. Thus, Indian Banking Industry has a long journey beginning its activities with Class Banking has subsequently changed its path to Mass Banking, Social Banking and now settled in e- Banking providing variety of benefits to the customers viz easy and any time accessibility to the banking services, ease of doing banking, cost effectiveness in enjoying the Banking Services.


Keywords: Branch Banking, Statutory Liquidity Ratio, Cash Reserve Ratio, Information and Communication Technology, Technology-Enabled Banking Services, Electronic Transfer of Funds, Point of Sales Services


Edition: Volume 10 Issue 8, August 2021,


Pages: 14 - 19


How to Cite this Article?

Dr. S. Upendra Sastry, "Indian Banking - A Long Journey of Incredible Transformation from Traditional Branch Banking to Digital Banking", International Journal of Science and Research (IJSR), https://www.ijsr.net/get_abstract.php?paper_id=SR21729114229, Volume 10 Issue 8, August 2021, 14 - 19

How to Share this Article?

Enter Your Email Address


Similar Articles with Keyword 'Branch'

Downloads: 115

Research Paper, Economics, Kenya, Volume 5 Issue 4, April 2016

Pages: 1354 - 1362

Assessment of Innovative Strategies on Service Delivery at the National Hospital Insurance Fund Nakuru, Kenya

Earnest Seme Nyaberi, Dr. Josphat Kwasira

Share this Article

Downloads: 120 | Monthly Hits: ⮙1

Research Paper, Economics, Indonesia, Volume 6 Issue 2, February 2017

Pages: 2078 - 2082

Efficiency Analysis of Bank Branches: Production and Profitability Approaches (Case Study of Bank EFG Syariah)

Deny Syaiful Hayat, Lukytawati Anggraeni, Toni Bakhtiar

Share this Article

Similar Articles with Keyword 'Banking'

Downloads: 83 | Monthly Hits: ⮙1

Research Proposals or Synopsis, Economics, Malaysia, Volume 4 Issue 9, September 2015

Pages: 1947 - 1955

Testing the Impact of the Central Banks Support for the Experience of Converting the Conventional Banks into Islamic in Libya Multiple-Groups Analysis Using Structural Equation Modeling

Marai .A .D Abdalla; Muhammad Ridhwan Aziz; Fuadah Johari

Share this Article

Downloads: 112

Research Paper, Economics, Bangladesh, Volume 4 Issue 11, November 2015

Pages: 1926 - 1931

School Banking: A New Idea of Banking Operation in Bangladesh

Ujjal Mondal, Md. Solaiman Hossain, Md. Abdul Mannan Khan

Share this Article

Similar Articles with Keyword 'Liquidity'

Downloads: 125

Research Paper, Economics, Kenya, Volume 3 Issue 11, November 2014

Pages: 56 - 63

Effect of Islamic Banking Financing Strategies on Customer Satisfaction in Kenya

Ali Yarrow Ismael

Share this Article

Downloads: 147

Research Paper, Economics, Bangladesh, Volume 5 Issue 9, September 2016

Pages: 420 - 423

Liquidity and Profitability Trade-off in Pharmaceuticals and Chemicals Sector of Bangladesh

Md. Kaysher Hamid, Rowshonara Akter Akhi

Share this Article

Similar Articles with Keyword 'Ratio'

Downloads: 180

Dissertation Chapters, Economics, Uzbekistan, Volume 7 Issue 12, December 2018

Pages: 489 - 492

Analyzes of Consumption of Food Products in Gross Domestic Production in Uzbekistan

Umarov Ilkhomjon Yuldashevich

Share this Article

Downloads: 115

Research Paper, Economics, India, Volume 9 Issue 6, June 2020

Pages: 1176 - 1179

An Economics Analysis of Rose Production System in Pushkar Sub-Tehsil of Ajmer

Dr. Gayatri Tanwar

Share this Article

Similar Articles with Keyword 'Cash'

Downloads: 2

Research Paper, Economics, Mongolia, Volume 10 Issue 5, May 2021

Pages: 601 - 609

Research on Mongolian Cashmere Exports and its Impact on Economic Growth

Enkhod Ochirpurev

Share this Article

Downloads: 119

Research Paper, Economics, Kenya, Volume 5 Issue 10, October 2016

Pages: 1380 - 1397

Effect of Agency Banking on Financial Inclusion in Kenya

Mark Kariuki Munoru

Share this Article

Similar Articles with Keyword 'Reserve'

Downloads: 102

Research Paper, Economics, Indonesia, Volume 4 Issue 8, August 2015

Pages: 1724 - 1731

Economic Study of Non-Rice Consumption in Supporting Food Security (Study in Muna Regency of Southeast Sulawesi, Indonesia)

L.M. Harafah, La Ode Geo, Azis Muthalib

Share this Article

Downloads: 111

Research Paper, Economics, Indonesia, https://www.ijsr.net/issue.php?edition=Volume%203%20Issue%208,%20August%20201

Pages: 1491 - 1496

Pepper Trade and the Sultanate of Banjarmasin in the 17th - 18th Century

Dr. Ita Syamtasiyah Ahyat, S.S., M.Hum

Share this Article

Similar Articles with Keyword 'Information'

Downloads: 52

Research Paper, Economics, China, Volume 6 Issue 7, July 2017

Pages: 14 - 19

The Effect of Shanghai-Hong Kong Stock Connect on Information Quality of Listed Company

Yan'e Kou

Share this Article

Downloads: 65

Research Paper, Economics, Nepal, Volume 9 Issue 11, November 2020

Pages: 1655 - 1662

Development Practices in Nepal: A Historical Perspective

Narendra Katuwal

Share this Article

Similar Articles with Keyword 'Communication'

Downloads: 63

Research Paper, Economics, India, Volume 10 Issue 3, March 2021

Pages: 140 - 142

Tourism Industry in Rajasthan: Contribution in it's Economy

Dr. MD Mahmood Alam

Share this Article

Downloads: 108

Research Paper, Economics, Tunisia, Volume 4 Issue 5, May 2015

Pages: 3178 - 3186

The Euro-Mediterranean Partnership: The Convergence Debate

Elwardi Dhaoui

Share this Article

Similar Articles with Keyword 'Technology'

Downloads: 45

Research Paper, Economics, Congo, Volume 6 Issue 9, September 2017

Pages: 1458 - 1467

Impact of the Invoice System at Regideso/Sud-Kivu (A Public Enterprise to Supply Potable Water) on the Payment of the Invoices by the Customers of the Household Grade, South Kivu, Eastern D.R. Congo

MAMBO Muhalira Julien; MUHINDUKA Dikuruba Dieudonne; BASHUGI Bah'ogwerhe Anatole; MASOKA Wamtu Bibish

Share this Article

Downloads: 63

Research Paper, Economics, India, Volume 10 Issue 3, March 2021

Pages: 140 - 142

Tourism Industry in Rajasthan: Contribution in it's Economy

Dr. MD Mahmood Alam

Share this Article
Top