If you're in banking, the mis-selling crackdown isn't just about compliance; it's a fundamental...

If you're in banking, the mis-selling crackdown isn't just about compliance; it's a fundamental shift in your profitability model. The easy fee income from insurance cross-sells is drying up.

This forces a return to core banking – driving deposit mobilisation and managing NIMs. Expect renewed focus on traditional metrics and potentially new strategies for non-interest income.

https://indiafintech.substack.com/p/the-end-of-the-insurance-cross-sell