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May 31, 2020 • 8 tweets • 6 min read
Thread: Advent of Bancassurance in Indian Banks
- If you start reading a list of things that have made bankers Life miserable in India, cross selling insurance will top the list.
- There were whispers for selling third party products with the start of 2000s 1/n #YouFailedBankers
- It all started in Dec 28 2000 when @TheOfficialSBI announced a JV partnership with Cardif SA (the insurance arm of BNP Paribas Bank).
- This laid the foundation of bancassurance in PSBs.
- But bankers had faith that the Red flag unions will protect them 2/n #YouFailedBankers