Copyright © 2025 Authors retain the copyright of this article. This article is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

@article{171669,
        author = {MUHAMMED ADNAN K and LEEJIA GEORGE},
        title = {NEW TECHNOLOGICAL INNOVATIONS IN MODERN BANKING IN INDIA},
        journal = {International Journal of Innovative Research in Technology},
        year = {2025},
        volume = {11},
        number = {7},
        pages = {4131-4135},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=171669},
        abstract = {The banking sector in India has undergone significant technological advancements over the past two decades, positioning itself as a key player in the country’s economic development. This paper explores the evolution and current state of technological innovations in Indian banks, focusing on digital transformation, emerging technologies, and the challenges faced in their implementation. Through a review of secondary data, including reports and academic literature, the paper highlights major innovations such as Unified Payments Interface (UPI), Artificial Intelligence (AI), Blockchain, Cloud Computing, and Digital Wallets. Additionally, it examines the role of the Reserve Bank of India in promoting financial inclusivity through technology and discusses the benefits and limitations of these innovations. Despite the widespread adoption of technological solutions, rural areas remain a challenge for digital banking. This paper concludes with a discussion of the future of banking technology in India and its potential to reshape the industry in the coming years.},
        keywords = {Indian banking, technological innovations, UPI, AI, blockchain, digital wallets, financial inclusion},
        month = {January},
        }