Authors

Binnu John

Department of Electronics and Communication Engineering, MGM College of Engineering & Technology, Ernakulam, Kerala, India

Mathew George

Department of Electronics and Communication Engineering, MGM College of Engineering & Technology, Ernakulam, Kerala, India

David M Varghese

Department of Electronics and Communication Engineering, MGM College of Engineering & Technology, Ernakulam, Kerala, India

Anu Joseph

Department of Electronics and Communication Engineering, MGM College of Engineering & Technology, Ernakulam, Kerala, India

Abstract

The Indian banking sector has achieved remarkable technological progress in the past twenty years and has been an important taxpayer for the nation's economic growth. In this document, the current development and the panorama technological innovations within the Indian banks examine and emphasizes the digital transformation, emerging technologies and obstacles that have been determined during their implementation. During the analysis of secondary data, including academic reports and articles, the document shows considerable innovations such as the Unified Payment Interface (UPI), artificial intelligence (AI), block chain, cloud computing and digital portfolios. In addition, the role of the Bank of the India Reserve is assessed in promoting financial integration through technology and the advantages and disadvantages of these innovations are assessed. Despite the broad integration of technological solutions, the challenges when expanding digital banking services are available to rural regions. The document concludes the consideration of the future of banking technology in India and its potential to transform industry into the coming years.

Keywords

Banking sector Emerging technologies Indian banking Technological innovations UPI AI Digital transactions Blockchain Digital wallets Financial inclusion

Citation of this Article

Binnu John, Mathew George, David M Varghese, & Anu Joseph. (2025). The Latest Developments and the Rise of Emerging Technologies in the Banking Sector in India. Current Journal of Engineering and Science Research. 2(1), 19-22. Article DOI: https://doi.org/10.47001/CJESR/2025.201004

Licence Copyright (c) 2026 Current Journal of Engineering and Science Research. This work is licensed under a Creative Commons Attribution Non Commercial 4.0 International Licence.

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