India's banking sector is currently valued at Rs 81 trillion (US$ 1.31 trillion). And, has the potential to become the fifth largest banking industry in the world by 2020.
The face of Indian banking has changed over the years. Banks are now reaching out to the masses with technology to facilitate greater ease of communication, as transactions are carried out through the Internet and mobile devices. All this has created the need for banks to meet their customers' requirements for security in a special way on many levels.