What Budget 2024 may credit in account for banking of the future

Interim Budget: The upcoming budget will be an interim budget rather than a full annual budget. The budget becomes a strategic pause that allows stakeholders to reassess and prepare for the unfolding landscape. Financial service providers are establishing 'Digital Banking' committees to assess and improve digital inclusion. Regulatory and tax relaxations are being considered to protect against fraud, ensure data privacy, and encourage digital innovation. The International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (GIFT City) is an example of India's ambitions to become a global financial leader.


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