These banks as a part of their strategy from top management lays down targets for life insurance policies among other products and put insane amount of focus on Life insurance because it is the single biggest revenue generating product for the bank instead of mutual funds, structured products, general insurance etc etc.. the senior regional heads n managers download the pressure to the branches where if employees do not sell life insurance they'll be asked to resign instead of terminating them bcz they also have a so called HR process in place. Even if they are not asked to resign, the lives of employees will be made so miserable and will be told that just sell the damn product anyhow... succumbing to the pressures, employees mis sell life insurance because it is a very very unsuitable product sighting the high costs involved as compared to a mutual fund and the time horizon involved. These banks are only bothered about their revenue numbers and just to show that they are following processes, they do window dressing like profiling of customers and accordingly selling them products which is false bcz irrespective of the profile being a growth, aggressive, balanced, conservative profile , if the client has , say, 10 Lacs to invest, then 2 Lacs per annum will surely go to a ULIPs premium and rest 8 Lacs gets deployed in 1 year, 2 year, 3 year capital protection funds etc etc ... that's like a fixed formula of these conmen. The employees are made to answer on conference calls which are generally rude as to why they couldn't sell anything and are spoken to with utter disrespect, sometimes explicit and other times implicit. The top management will never say on the face of it that they want employees to sell products like life insurance without looking at the suitability to the customer and still is very tactfully imbibed in the day to day activities of bank branches. Employees are themselves under so much stress dealing with these mis selling and client escalation issues and do not want to mis sell but are made to do it without the top management or the middle management saying it. The revenues on these products need to be regulated and top management needs to be answerable for every escalation there is and only then will these banks stop looting people's money. I have worked in the middle management of a bank and regret it.

Don't think the class I and class II officers even bother to line up at the PDS outlets and consume the substandard cereals and millets that are delivered there.It is their drivers and maids who are given that as an incentive for working in their homes.