THE STUDY OF EVOLUTION AND DYNAMICS OF THE BANKING SYSTEM IN INDIA

This research paper provides an in-depth analysis of the banking system in India, tracing its historical evolution, current structure, regulatory framework, technological advancements, challenges, and future prospects. The paper explores the transformation of the Indian banking sector from its traditional roots to its modern, technology-driven state. By examining key aspects such as banking regulations, financial inclusion, digitalization, and the role of the Reserve Bank of India (RBI), this study aims to offer valuable insights into the Indian banking landscape.