A major change is afoot in the world of digital finance. In recent weeks, the NITI Aayog has called for public debate on the establishment of digital business banking licenses in India. The proper development of a digital banking sector is vital for financial inclusion, further financialisation and mobilisation of savings, and reintroducing vitality to consumer finance. Digital banks have much to commend them: limited infrastructural costs, robust reach in rural India and better access to finance for underserved segments like MSMEs. This virtual roundtable will seek to determine the parameters of a properly constructed digital banking sector that would leverage technological innovation to create a low-cost efficient banking to bolster legacy infrastructure. The key highlights from the discussion will inform a series of recommendations which will be submitted to relevant decision-makers.