Reserve Bank of India may review the sales strategy employed by banks to encourage employees sell life insurance policies. Incentives for sales has come centre stage with the Cobrapost sting highlighting how front office staff takes extreme risks to sell a life policy..........
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bankers are busy in selling insurance products because of the attraction of foreign jaunts and expensive gifts offered to the executives and other officials of the banks at the cost of other normal banking activities. post loan disbursement actions are given a go bye and hence NPAs are increasing.Hope RBI stops banks from acting as insurance agents.
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