In a startling revelation, banks across India are facing accusations of unauthorized deductions from customers’ accounts to enroll them in low-cost life-insurance and accident-insurance schemes launched by Prime Minister Narendra Modi’s government. Despite media exposés and public complaints, the malpractice continues unabated, with some banks resorting to forging customer consent and employing deceptive tactics to meet government-set targets. The modus operandi involves what is termed as “bulk activation,” where banks upload and...