NEO BANKS - Opportunities and Challenges

Author:

Dr. B. Vijaya 1,Madhuri Waghmode 2

Affiliation:

1. Senior Professor and Chairman, Department of Commerce, Gulbarga University, Kalaburagi, Karnataka, India

2. Research Scholar, Department of Commerce, Gulbarga University, Kalaburagi, Karnataka, India

Abstract

The banking sector is experiencing a metamorphic transformation over the last decade from accepting deposits and lending to the introduction of various new products and services. This study aims to bring out such new development in the banking sector called neo banks. This article is descriptive in nature. The present study attempts to describe the concept of neo banks, the difference between a neo bank and a traditional bank and the challenges faced by neo banks.

Publisher

Technoscience Academy

Reference10 articles.

1. Kavya Shabu, Dr. R. Vasanthagopal, 2022, Neobanking in India: Opportunities and Challenges from Customer Perspective, International Conference on Innovative Computing & Communication.

2. Mr. Ganeshkumar, 2022, Neo Banking: The Future of Banking in India, International Journal of Creative Research Thoughts, Issue 1, Volume 10

3. Mrs. Yasmin. A. Barodawala, July – September 2022, Neo banking: an innovative window of banking arena, GAP iNTERDISCIPLINARITIES, A Global Journal of Interdisciplinary Studies, Volume – V, Issue III.

4. Dokania, Y. (2020). Neo Bank- Revolution in Indian Banking Sector- A Critical Analysis. Inetranational Journal of Law Management & Humanities, 03(06), 361-374.

5. Elroy Monis and Ramesh Pai, 2023, Neo Banks: A Paradigm Shift in Banking, International Journal of Case Studies in Business, ISSN: 2581-6942, Vol. 7.

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