Indias banking journey with technology has been one of considerable success, says RBI Deuty Governor
Mumbai, Sept. 25 -- Rohit Jain, Deputy Governor of the Reserve Bank of India stated that India's banking journey with technology has been one of considerable success, marked by a series of institutional innovations that have transformed the way financial services are delivered. The adoption of Core Banking Solutions was a foundational turning point, enabling banks to move beyond branch-centric operations and provide customers with access to their accounts and services across locations. This created the technological foundation for internet banking, mobile banking and the subsequent expansion of digital financial services. The initiatives such as UPI, Aadhar-based e-KYC, Video-based Customer Identification Process, ULI, etc., offer some im...
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