After SBI and Indian Bank, BOB cracks down on misselling of insurance, mutual fund products

After SBI and Indian Bank, BOB cracks down on misselling of insurance, mutual fund products

Story continues below Advertisement

Public sector lender Bank of Baroda (BOB) has asked its zonal heads to not conduct any wealth business campaigns related to selling life, general and health insurance policies or mutual funds till March 31.
Moneycontrol has accessed and reviewed an internal letter issued by the bank to this effect, dated January 12.

Story continues below Advertisement

The decision is in view of issues being raised on mis-selling. “To ensure doing insurance and wealth business as per proper product suitability and…
Read More…

Source: https://www.moneycontrol.com/news/business/exclusive-after-sbi-and-indian-bank-bob-cracks-down-on-misselling-of-insurance-mutual-fund-products-12053631.html/amp