TRADITIONAL BUSINESS BY CREATING A SEPARATE DIGITAL IDENTITY MAY OFF SPRING FINTECHS STARTUP CHALLENGER BANKS REQUIRED FOR TECH -SAVVY.

The State Bank of India,the largest bank is planning a separate digital entity and will revamp it's current mobile application and the private sector bank HDFC is also working on the similar plan however the new model of system planned for the digital off spring is not expected to have an immediate impact on the branch structure of these banks and the idea is just to allow the digital entity to reach out to a separate set of the customers .How it may create digital  savings is a question before the system created for the digital banking and bank within the bank.