India

SBI to bring 2 lakh customers under wealth business service

State Bank of India (SBI), which offers personalised banking and investment services to its HNI (high networth individual) customers under ‘SBI Wealth’ service, is planning to cover 2 lakh customers in this segment in the next two years.

Addressing presspersons in Mangaluru on Saturday, Rajnish Kumar, Chairman of SBI, said that the bank launched its wealth business services in 2016. Now ‘SBI Wealth’ is serving nearly 35,000 customers.

He said that the bank should be able to cover 2,00,000 customers under this initiative in the next two years. That will be roughly about 35-40 per cent of SBI’s customers in this particular category, he said.

READ THE ARTICLE by THE HINDU BUSINESS LINE