The changes in banking technology and lifestyle of the customer have provided opportunity to grow Banking sector in India. A bank is financial institution help its customers as creditor to grow their business by providing loans and advances as well as it helps to its customer as debtor by accepting deposits and providing interest as sources of income for their own development. So the development of Trade, Business and Industries mostly depends on the efficient finance system of banking in the nation. The development of any nation mostly depends on the development of trade, industries and business. Unfortunately, in last decades, the banking sectors facing many problems like, huge amount of NPA, major scams and frauds, managerial problems, horrible recovery system and frauds related to online banking and internet banking and so on. All these problems have increases the NPA and losses of banks in India. The GOVT of India is providing huge fund every year to banks. In the year 2016 he govt has sanctioned 1 lakh corers as capital to the Indian Banks. In this paper an attempt has been made to find out the challenges and issues created by new technology in banking sector. For ex., E-Banking and internet banking i.e. cyber attack etc.

KEYWORDS:  Mobile Banking, NPA, Capital Adequacy, New Technology, Cyber Attack.