Section Article

Future of Indian Banking in Technology-Driven Economies
Author(s): Prof. Preeti Rawal

Abstract
Indian banking is undergoing one of the most transformative phases in its history as the national economy moves rapidly toward a technology-driven paradigm shaped by digital financial ecosystems AI-enabled services fintech–bank collaboration models large-scale data intelligence and emerging innovations such as blockchain digital public infrastructure quantum-ready security frameworks and hyper-personalized customer experience systems. The future of Indian banking within a technology-driven economic structure is not merely defined by the adoption of digital tools instead it is shaped by the convergence of digital platforms regulatory reforms consumer behaviour shifts cybersecurity frameworks financial inclusion mechanisms next-generation workforce capabilities and evolving competitive dynamics triggered by fintech disruptors. As India enters an era defined by 5G connectivity advanced computing cloud-native architecture microservices-based core banking digital rupee expansion real-time monitoring and predictive financial analytics banks must transition from traditional process-heavy operational mechanisms to adaptive agile data-driven and intelligence-led ecosystems. This paper explores how Indian banks are navigating the multi-dimensional transformation from conventional banking to an innovation-intensive technology-driven model aligned with the needs of a knowledge economy. The study highlights critical themes such as ecosystem-based banking embedded finance decentralized digital identity fraud detection using machine learning automated credit scoring open-banking-driven interoperability API-first architecture neo-banking business models and digital financial literacy.