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Detailed explanation-1: -DBS Bank on Tuesday launched a ‘mobile-only bank’ in India. The ‘digibank’ uses technologies, such as biometrics and artificial intelligence, to enable paperless, signature-less and branchless bank.

Detailed explanation-2: -ICICI Bank was the first bank to introduce internet banking facility in the country in order to enable individuals and corporates to transact online without visiting the branch. It was also the first bank to start mobile banking in the country.

Detailed explanation-3: -In the year 2008, ICICI Bank was the first bank in India to launch mobile banking. Almost every bank has since followed suit. The HDFC Bank is one of India’s largest private sector banks. Its mobile banking app allows customers to view account transactions, transfer funds quickly, and make credit card payments quickly.

Detailed explanation-4: -Digital banking started taking shape in India during the late 1990s. ICICI bank was the first one to introduce this service to their retail customers.

Detailed explanation-5: -Mobile banking is a facility that enables customers to initiate and/or perform banking tasks on their smartphones. This is provided by most of the banks in India and abroad. Customers can use mobile banking to view their account balance, make instant fund transfer and pay bills, etc.