The banking industry is one of the foundational areas of the service-based economy and is highly competitive. The banking systems in India are very coordinated. The banking industry in India has seen significant upheaval recently, without possessing the biggest bank in Earth. This paper's goal is to identify current problems and obstacles facing the Indian banking industry. The research used secondary data. According to the report, the banking industry is most affected by macroeconomic risk/ threat, state control of the industry/sector, political meddling, cyber intrusions, technological perils, scams, and corrupt practices among other things.