Abstract. This work studies ways to improve the banking system in the Republic of Uzbekistan, existing problems and proposals for their solution. The work analyzes the current state of the banking system of Uzbekistan, considers such urgent issues as increasing the efficiency of commercial banks, introducing digital technologies, improving the quality of financial services and increasing the financial literacy of the population. Also, based on the experience of foreign countries, proposals and recommendations for the further development of the banking sector have been developed. Based on the results of the research, practical proposals have been put forward aimed at forming a stable and competitive banking system in Uzbekistan.