Now-a-days banking is known as innovative banking. Developments in Information technology have given a rise to innovations in the product & service designing and their supply in the banking sector and finance industries. With the advent of Mobile banking, electronic funds transfer and other similar products and services for funds transfer within quick time which was impossible a few years age. Mobile banking offers an attractive new way of conducting balance inquiries, account transactions, utility payments, and other banking activities using a mobile handset. This paper reviews the current status of Mobile banking in India. It is expected that the comprehensive list of references and assessments presented in this paper will provide a useful information about mobile banking current status in India.