19May 2020

DIGITAL INFRASTRUCTURE PROLIFERATION IN BANKING SYSTEM

  • Research Scholar, School of Studies in Commerce,Vikram University, Ujjain.
Crossref Cited-by Linking logo
  • Abstract
  • Keywords
  • References
  • Cite This Article as
  • Corresponding Author

Our diversity, our demographic potential, fast growing market size, and digital infrastructure, have the potential to make India a global hub of research and implementation, PM Narendra Modi. This research paper discusses about how the digital infrastructure has spurt the profits and volumes of banking system in India. The digital infrastructure has the potential to provide stability in the economy by reaching every remote part of the country. It helps in circular flow of money, resulting in increased national income. Finally, the article also mentions how the Digital India, Jan dhan yojana, KYC, India Stack and UPI has been used for improving banking sector and digital infrastructure.

  1. Banking a billion: India?s thrust on digital economy propels country towards financial inclusion, societal transformation,?Arvind Gupta,Nov 15, 2018 https://www.firstpost.com/business/banking-a-billion-indias-thrust-on-digital-economy-propels-country-towards-financial-inclusion-societal-transformation-5557701.html
  2. Digital Infrastructure https://simplicable.com/new/digital-infrastructure
  3. Digital India https://en.wikipedia.org/wiki/Digital_India
  4. Digital India: Digital India: Emerging Challenges & Opportunities for the Banking Sector, Harun R Khan, Reserve Bank of India, Sep.2014, https://rbidocs.rbi.org.in/rdocs/Speeches/PDFs/DIECOBS160914.pdf
  5. Digital literacy is integral for financial inclusion, K Srinivasa Rao, January 02, 2020https://www.thehindubusinessline.com/opinion/digital-literacy-is-integral-for-financial-inclusion/article30432071.ece
  6. India stack, https://www.indiastack.org/about/
  7. The design of digital financial infrastructure: lessons from India by DerrylD?Silva, Zuzana Filkov?, Frank Packer and Siddharth Tiwari. Dec.2019 https://www.bis.org/publ/bppdf/bispap106.pdf
  8. Unified payments interface https://www.npci.org.in/product-overview/upi-product-overview.

[Rajesh Kumar Saini (2020); DIGITAL INFRASTRUCTURE PROLIFERATION IN BANKING SYSTEM Int. J. of Adv. Res. 8 (May). 392-394] (ISSN 2320-5407). www.journalijar.com

Rajesh Kumar Saini
Research Scholar

DOI:

Article DOI: 10.21474/IJAR01/10936      
DOI URL: http://dx.doi.org/10.21474/IJAR01/10936

Download Full Paper

Download PDF No. of Downloads: 63 | No. of Views: 82