A Descriptive Study on The Banking System Coherent to Vision 2022: A New India Dr. Kumar Neelabh Assistant Professor Sri Sharda Group of Institutions, Lucknow, UP Affiliated to University of Lucknow & Aicte Online published on 2 May, 2018. Abstract While India moves ahead having its vision to become an economical behemoth in the next few years, the level of prosperity among its populace and the degree of equitable circulation of wealth will, to a sizable extent, be decided by the size of inclusive growth achieved. In response to the growing forces of customer objectives, regulatory requirements, technology, demographics, new opponents and switching economics, much of the landscape will alter significantly. Financial institutions need to choose what posture to look at against this change-whether to be a shaper of the future or to manage defensively, putting off change. Being the same is not an option. In the field of technology structured banking, information technology and electronic funds transfer system have emerged as the twin pillars of modern banking development. Products made available from banks have moved way beyond conventional Indian banking industry. "Banking on the future: Vision 2022" select key changes that banks need to make in their go-to market approach, starting with reducing their strategy cycles to months rather than years, improving at reading signals of change in this troublesome environment, and becoming tactically focused on being operationally lean and agile in response to market conditions. The paper emphasizes the role of Technology and splashes after Cognitive and Artificial Intelligence, Robotics Process Software, Block chain and Fintech as emerging areas. Top Keywords Artificial Intelligence, Block chain, Cognitive, EFT, Fintech, Process Software, Robotics. Top |