Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
What is a key feature of the present banking scenario?
What is a key feature of the present banking scenario?
- Reliance solely on paper-based transactions
- Increased emphasis on digital banking services (correct)
- Focus on traditional brick-and-mortar branches
- Expansion of investment banking operations
What is the primary reason for the changing banking landscape?
What is the primary reason for the changing banking landscape?
- Decrease in cyber security threats
- Evolving customer preferences and technological advancements (correct)
- Shift towards traditional banking practices
- Government regulations mandating digital banking
What distinguishes the present banking scenario from the past?
What distinguishes the present banking scenario from the past?
- Decrease in accessibility to banking services
- Integration of fintech solutions and digital payment platforms (correct)
- Limited use of electronic fund transfers
- Exclusively relying on in-person transactions
