India's banking sector is currently valued at Rs 81 trillion (US$1.31 trillion). And it 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. As transactions are carried out through the Internet and mobile devices, banks are already reaching out to the masses with technology to facilitate communication. All this has created the need for banks to fulfill the security requirements of their customers in a special way on many levels.