India is the third-largest Muslim nation in the world, yet it has not yet completely adopted. Banking. The goal of this research is to look at the possibilities of. banking in India and find the problems that need to be addressed in order to make it work. The research will begin with a concise overview of the present condition of banking in India, its potential impact on the Indian economy, and the issues it presents. Even though the Indian economy is growing, more people are living in poverty. The government wants to create a fair and just society, yet some people need more money to get by. The way banks work now doesn't work for everyone. There are now banks that follow Shariah law and don't charge interest in various places throughout the globe. This system is all about actual assets and transferring risks between the lender and the borrower in many ways, such partnerships, joint ownership, leasing, and sales. In traditional banking, money is seen as a commodity. In banking, money is seen as a way to trade. It might help weak groups like farmers and small to medium-sized businesses, which would lead to more inclusive economic development. This paper offers recommendations for the future advancement of banking.