The survival of brick and mortar banking today is a major challenge today from host of its competitors that includes NBFCs, Fintech, Shadow banking and latest Neo Banking. Technology which at one time was savior of banks in early 1990s now seems to gobble up the banks. 

What do you think is the future of traditional banks and will they survive the onslaught of Neo Banks? Focus your answer in perspective of Indian conditions?

Answer rating: 100% (QA)

Solution The future of traditional banks in India is uncertain but they are certainly not going to be completely wiped out Traditional banks are very well established and have a strong customer base i... View the full answer