The fintech industry is expected to grow exponentially in India in the coming decade. The Research paper is conceptual and attempts to explain the concept & its application in India. It focuses on the basic types of financial technologies & their functions, opportunities & challenges of regulations of fintech in India. The paper focuses on the application of Fintech in Electronic Banking. With the rapid pace of innovation, Indian banks’ traditional revenue streams have dramatically altered the banking environment. To survive in a competitive environment, banks have invested in fintech. The research attempts to investigate the impact of income stream diversification and the rising share of Fintech-based income in non-interest income on the profitability of Indian Public Sector Banks. The research paper focuses on five public sector banks from 2010 to 2021. Return on asset is the dependent variable, while Technology-based non-Interest income and control variables like bank size, loans, capital adequacy, net interest margin, andRNPAare independent variables. According to thisstudy, non-interest income has a positive and significant relationship with bank profitability. This study also provides some suggestions for promoting financial technology in India.

Income Streams, FINTECH, Non- Interest Income, Public sector banks, ROA, RNA