• P.Prema
• Dr.E.Anand Kumar

Indian banking industry has recently witnessed the roll out of innovative banking models like payments and small finance banks. RBI’s new measures may go a long way in helping the restructuring of the domestic banking industry. he Indian banking system consists of 27 public sector banks, 21 private sector banks, 49 foreign banks, 56 regional rural banks, 1,562 urban cooperative banks and 94,384 rural cooperative banks, in addition to cooperative credit institutions.^^ In FY07-18, total lending increased at a CAGR of 10.94 per cent and total deposits increased at a CAGR of 11.66 per cent. India’s retail credit market is the fourth largest in the emerging countries. It increased to US$ 281 billion on December 2017 from US$ 181 billion on December 2014.The advancement in Information Technology has changed the working of banks and has contributed to its growth. creating an efficient banking system, which can respond adequately to the needs of growing economy, technology has a key role to play. In past one and a half decade, banks in India have invested heavily in the technology such as Tele banking, mobile banking, net banking, automated teller machines (ATMs), credit cards, debit cards, smart cards, customer relationship management (CRM) software, electronic payment systems and data warehousing and data mining solutions, to bring improvements in quality of customer services and the fast processing of banking operation. Heavy investments in IT have been made by the banks in the expectation of improvement in their performance. But improvement in the performance depends upon, differences in the deployment, use and effectiveness o f IT.

Information Technology, Banking, Electronic Fund Transfer, Large Value Clearing and Settlement System etc

"ROLE OF TECHNOLOGY INNOVATIONS IMPACT OF INDIAN BANKING SECTOR", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 5, page no.11-14, May-2019, Available :http://www.jetir.org/papers/JETIR1905903.pdf

"ROLE OF TECHNOLOGY INNOVATIONS IMPACT OF INDIAN BANKING SECTOR", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 5, page no. pp11-14, May-2019, Available at : http://www.jetir.org/papers/JETIR1905903.pdf