Regulations related to Payments Bank in India.

The Indian financial services have undergone major changes in particularly banking industry which witnessed radical changes during this time period. The Indian banking system has developed new responses to deal with the emerging situation. During this period, the banking system evolved from the liberalization of the economy to technological advancements and regulatory reforms, this evolution has had a profound impact on how financial services are accessed, delivered, and regulated in India. After considering those changes examine the strategies and initiatives undertaken by banks to remain competitive and relevant in this dynamic environment. The Indian banking system is one of the key drivers of economic growth and development. The banking system plays important role in growth & other aspect of the India’s developing economy.