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Project Description : Robotic process automation (RPA) has been a major development these days. Robotic process automation is a useful tool for the urgent requirement of the banking sector. Operating costs were one of the focus areas of the banking sector. The biggest benefit of RPA implementation in the banking industry has been a significant cost reduction of 30% to 70% and Robotic Process Automation (RPA) saves labor costs and labor efficiency, accuracy, 24/7, provides innovative services and better customer experience. . Leading banks in India like ICICI Bank, HDFC Bank and Axis Bank have also adopted Robotic Process Automation. The research focuses on the challenges, benefits and importance of robotic process automation in the banking industry. The study covered the global market for Robotic Process Automation and its applications in the banking sector.
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