SBI launches "Wealth Hub" in Mangaluru
The bank has re-branded its wealth business as "SBI Wealth" offering best-in-class personalised banking and investment services to its elite High Net worth Individual (HNI) clients through a dedicated team of relationship managers.
The nation's largest bank, State Bank of India Saturday launched its wealth business services by opening "SBI Wealth Hub" at the Lalbagh branch here.
The wealth hub was inaugurated by SBI Chairman Rajnish Kumar.
SBI is the first PSU bank in the country tointroduce comprehensive wealth business services for itsclients.
The bank has re-branded its wealth business as "SBI Wealth" offering best-in-class personalised banking and investment services to its elite High Net worth Individual (HNI) clients through a dedicated team of relationship managers.
SBI Wealth has presence in 20 major centres with a network of 90 Wealth Hubs in the country.
SBI is targeting to take its wealth business service to 50 centresby 2020.
Presently, SBI Wealth is serving nearly 35,000clients and is looking to triple its client base to 1,25,000with an Assets Under Management (AUM) of Rs 100,000 crore inthe next two years, a press release here said.
"Introducing WealthBusiness has been one of the top strategic business prioritiesof the bank as we have numerous HNI clients whose bankingneeds require highly specialised services," the SBI Chairman said.
HNI clients would be offered best products across categories from leading fund houses.
They will also have theflexibility to invest, transact and view their portfolio,through digital channels like internet banking, mobile andremote relationship model.
Watch Zee Business video here:
The bank has tied up with several leading technology and product partners to provide an extensive suite of privilege products and lifestyle benefits.
These include toptier credit and debit cards, concessions and waivers incharges.
The bank has also launched Wealth Business services for NRIs and is in the process of setting of a state-of-the-art global e-Wealth centre at Kochi, he said.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SRH vs GT IPL 2024 Ticket Booking Online: Where and how to buy SRH vs GT tickets online - Check IPL Match 66 ticket price, other details
Top 7 SWP Mutual Funds: Rs 50 lakh investment, Rs 70K monthly pension for 10 years, and Rs 42.30 lakh balance value; know more details
Gold and Silver rate today (May 13, 2024): Precious metal under pressure; yellow metal near Rs 72,400, white metal above Rs 84,600
SIP Returns: How Rs 3,000, 5,000, and Rs 10,000 SIPs can help you build retirement corpus of Rs 1.06 cr, Rs 1.77 cr, and Rs 3.53 cr
11:09 AM IST