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Lecture by mr s s mundra, deputy governor of the reserve bank of india, as part of the memorial lecture series launched by state bank of mysore in the memory of his highness sri nalwadi krishnaraja wadiyar, bangalore, 29 april 2015. The future of banking evolving digital technologies, shifting consumer preferences and increasing competition are creating new challenges for banks our insights help banks stay ahead in a rapidly changing market. Innovation imperatives in retail banking banks must thoughtfully analyze the data generated by cloud-enabled mobile and social computing to streamline services and create innovative ways of transacting that appeal to the millennial demographic, and beyond. Seven big changes coming to the banking industry in the very near future below, seven forbes finance council members share to adapt to the rapidly changing expectations of the modern .
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