The current path to success for an Indian lending fintech company seems to be a) Build a business around an arbitrage in the short-term, b) build scale by complementing a Bank’s services, c) build a Brand, and then eventually d) build a Bank. Exploit an arbitrage: The raw material (read funds)
Category: Neo-Banking

One of the mid-sized Indian Banks with a focus on increasing retail deposits charged me yesterday, for not maintaining the Minimum Account Balance (MAB) in my savings account. One of the Term Deposits (TD) matured and the Bank charged me for non-maintenance of MAB for the last 3 months at