Thursday, January 21

SBI plans to bring more high net worth customers into its fold

KOLKATA: State Bank of India is going to open 55 wealth management centres across the country by 2020 to its attract high networth customers from private lenders into its fold.

SBI has opened wealth management service in 44 major centres so far with a network of 121 wealth hubs.

“This is our service oriented initiative. We want to be known as a bank which give correct advice to customers,” Managing Director Arijit Basu said.

The bank has Friday inaugurated its fourth hub in Kolkata at Chowringhee branch.

SBI’s wealth service has so far onboarded about 52000 customers and is managing their assets worth Rs 30000 crore.

SBI is offering its wealth management service to existing customers with minimum Rs 30 lakh manageable assets. For new customers, the entry threshold has been fixed at Rs 10 lakh, chief general manager Giridhara Kini said.


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