New Delhi, May 1 -- Digital banking is set to boom in India, with 43% of Indian adults expected to have an account by 2025, reports the latest research from financial comparison platform Finder.com.

The survey results reveal that an estimated 205 million Indians, approximately 22% of the adult population, currently have a digital-only bank account, with 192 million more (21%) planning to open an account in the next 5 years. And to top this, the Coronavirus pandemic will likely act as a catalyst for the digitization of banking.

With the Reserve Bank of India instructing customers to use digital banking facilities as much as possible during the lockdown period and to maintain appropriate social distancing, the five-year projections on dig...