How aggressive sales targets at banks are fuelling India's mis-selling crisis
India Today
You trust your bank for financial advice and investments. But what if the person across the desk is under pressure to sell something else? In this article, we look at how sales targets shape what bank relationship managers recommend.
You walk into your bank branch to renew a fixed deposit, but your trusted relationship manager suggests something better.
Instead of locking your money into a traditional fixed deposit, they say you could earn higher returns through a long-term investment plan. It promises tax benefits, market-linked growth and disciplined wealth creation.
Trusting the bank, you sign up.
Months, or sometimes years later, you realise the product comes with a long lock-in period, complex conditions and returns that fall far short of what you expected.
Many customers have had the same experience.
The first person they usually blame is the bank’s relationship manager. But what if the relationship manager wasn’t really the problem?
Sensex has declined over 6,000 points or roughly 7.5% in a little over two weeks as global tensions and rising oil prices triggered selling in equities.
Speaking in Parliament, Union Petroleum and Natural Gas Minister Hardeep Singh Puri said India has adequate fuel stocks, and there is no cause for concern over availability.
Industry sources told India Today TV that airline operators are now paying additional insurance charges for every aircraft flying into the Middle East, significantly increasing the cost of operations on these routes.
Under law, a domestic household is generally allowed to keep two LPG cylinders of 14.2 kg each at a time. This usually includes one cylinder connected for use and another spare cylinder kept as backup.
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The move comes as global energy markets remain on edge due to escalating tensions linked to the conflict involving Iran, which has raised fears of disruptions to crude oil shipments from the Middle East.
India consumes roughly 5.3 to 5.5 million barrels of crude oil every day. However, domestic production is only about 0.6 million barrels per day. This means the country depends on imports for nearly 85% of its oil needs.
At around 10:47 am, the BSE Sensex was down 750.68 points or 0.96% at 77,455.30, while the Nifty 50 slipped 208.25 points or 0.86% to 24,053.35.
Air India said the fuel surcharge is due to the sharp rise in aviation turbine fuel (ATF) prices since early March 2026, triggered by supply disruptions in the Gulf region.
Rahul Bhatia expressed gratitude to employees who worked tirelessly to restore operations during that challenging period, praising their resilience and dedication.
The Iran-US conflict has disrupted shipping through a key global oil export route, pushing oil prices higher. As a result, airline tickets on some routes have become much more expensive, and there are growing concerns that travel demand could weaken if the situation continues.