Friday, 24 March, 2023

70% Indian ready to switch to digital-only banks, McKinsey survey

<p>A global survey conducted by McKinsey has found that over two-thirds (70%) of Indian customers are willing to switch to a virtual bank for their banking needs. The majority of the respondents were digitally capable, with 31% digital-first, and 67% multi-channel. The survey polled approximately 4000 respondents and goes on to show that low-cost digital banks and Robo-advisors could pose a threat to traditional banking.</p> <p>&nbsp;</p> <p>&nbsp;</p>