An analysis of new generation banking services in the Indian banking industry

Abstratct:- The growth of an economy depends significantly on the banking industry. The services that banks offer to their clients in a variety of ways determine how quickly the industry will grow. Following recent economic reforms in India, the trend of expanding banking services is now considered crucial. As the system's controlling bank, the Reserve Bank of India. India currently has a fairly well-developed banking system with various classes of banks, including public sector banks, foreign banks, private sector banks of both the old and new generation, regional rural banks, and co-operative banks. Today, the banking industry supports the Indian economy during boom and bust periods, acting as its backbone. The banking industry is currently undergoing a completely unexpected paradigm shift, and in this era of cutting-edge technology and modern resources, bankers must first define what a new generation bank is in order to operate it sustainably rather than just for the sake of profit. However, there is no existing definition of what a new generation bank is. However, living in the present while hoping for a brighter tomorrow. This study sheds insight on new generation banking's cutting-edge offerings and distribution methods