Banking is one of the most pillars of an economy. But the conventional banking in India is a robust of old practiced believes. With this project i tried to identify leading 25 global trends and consumer values in the banking sector and resultingly propose what could possibly be implemented in India.
Recent reports from eminent financial groups (Visa and MasterCard) suggests India has scored signi cantly lower in terms of financial literacy when compared with the globe. In one of the other reports only
18.64% of the Indian's can a ord retirement.
The immediate solution to the above two problems can easily addressed though Goal setting and budgeting.
We rely heavily on cash. So to register every petty transaction becomes irrelevant.
This lead to a development of new banking platform which is unseen before in the
Indian market. Platform purposed up is a multi cross platform interface with limited function of the device it is being operated on.
Future of banking in India
