Digital is the future when we think of any transformation

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Digital is the future when we think of any transformation

Digital is the future when we think of any transformation.

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    The need of the hour is Indian Banks’ Association (IBA) to improve the access of banking in every district through a rationalised approach and optimal utilisation of digital technologies, and to carry out digitised mapping of all bank branches in every district of the country. “Almost two-thirds of nearly 7.5 lakh panchayats have optical fibre connections. The IBA should consider this and conduct an exercise to decide where banks should have a physical presence and where we are able to serve customers without the presence of a branch. Such nimbleness and agility are especially important for India to be able to achieve the ambitious export targets of $2 trillion by 2030, $1 trillion in merchandise exports and $1 trillion in service exports. The banking industry needs specialists to understand the unique business requirements of diverse sectors and the businesses that are rapidly relocating to India. The Finance Minister commended the amalgamation of the banks during the pandemic, without causing any disr

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