A Study on the Ethics in Modern Banking in India

The role of ethics in modern banking is becoming increasingly vital as the financial sector evolves with the rise of digital technologies and global interconnectedness. This study examines the principles of banking ethics, the ethical issues faced by Indian banks, and the impact of digital banking on privacy and governance. Despite regulatory frameworks and technological advancements, unethical practices persist, particularly related to customer treatment, fraud, and data privacy. The research utilizes secondary data to assess the current state of ethics in the Indian banking system, focusing on the challenges brought by digital banking. The findings indicate that while the Indian banking sector is advancing in ethical governance, issues related to transparency, accountability, and privacy require significant attention for sustained growth and consumer trust.