Trends and Challenges in Digital Banking and Fin-Tech

There has been noticeable development in the economy of India since past decade. Banking and finance sector has very substantial role in development process. These sectors has changed with changing demographics and priorities of public, also are greatly been effected by fast changes in technology and the regulations. Banks and financial institutes have to change the way of its operations. Banking and finance sector are both public and private sector. This paper makes an attempt to highlight the challenges faced by Banking and finance and suggests some possible measures for its growth. The study found that public sector banks are still behind the private sector banks in terms of modernization, overworked service offerings, lower profitability, loads of NPA. This study is based on secondary data.