Wednesday, 25 October, 2023

Challenges in India's Digital Banking: Analyzing the Bank of Baroda Incident

The Bank of Baroda's recent digital banking issues have raised concerns in India's financial sector. While striving for digital transformation, the bank faced challenges such as cyber threats, system vulnerabilities, and customer service disruptions. This incident serves as a reminder of the complexities and security risks associated with transitioning to digital banking, emphasizing the need for robust cybersecurity measures and customer support in India's financial institutions.