Main Article Content
Abstract
The banking quarter performs a necessary role in the development of one country’s economy. The improvement of the banking quarter depends upon the services furnished via them to the clients in various aspects. New entrants to the market, new enterprise models, altering customer expectations and fragmentation of common offerings are all contributing to putting standard banks under strain to launch new technological know-how in their operations. The banking quarter in India has seen a range of changes. Most of the banks start revolutionary banking with an object to create greater price customers. ATM, RTGS, NEFT, Internet banking, Mobile Banking, SMS Banking, and cheque truncation device are some present innovations. But there are some new improvements used through the non-banking establishments and few foreign banks. These new innovations can also be grabbed by means of the Indian banks. So, this paper enlightens the knowledge light on new innovations in the banking sector.