SBI eyes 2 lakh clients for wealth busi­ness

India Business Journal - - NEWS ROUND-UP -

State Bank of In­dia (SBI), which of­fers per­son­alised bank­ing and in­vest­ment ser­vices to its high net-worth in­di­vid­ual (HNI) cus­tomers un­der SBI Wealth, is plan­ning to cover 2 lakh cus­tomers in this seg­ment in the next two years. The coun­try's largest lender had launched its wealth busi­ness ser­vices in 2016. SBI Wealth cur­rently serves nearly 35,000 cus­tomers. SBI Wealth has pres­ence in 20 ma­jor cen­tres with a net­work of 90 Wealth Hubs in the coun­try. A Wealth Hub of­fers HNI cus­tomers best prod­ucts across cat­e­gories, and they will have flex­i­bil­ity to in­vest, trans­act and view their port­fo­lio through var­i­ous modes.

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