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SBI Wealth targeting 50 centres by 2020

Press Trust of India  |  Coimbatore 

: SBI Wealth is aiming at taking its Wealth Business footprint to 50 centres nationwide by 2020 from the present 29 centers,a top said Wednesday.

The existing centres have 100 Wealth Hubs, he said.

"Presently, SBI Wealth serves nearly 43,000 clients with Rs 24,000 crore and is looking significantly to increase its client base to 1.25 lakh with an AUM (Asset Under Management) of Rs one lakh crore in the next two years," SBI Managing Director, (Retail and Digital Banking) P K told reporters here.

Gupta, who was here to launch the Bank's 100th Wealth Hub, the second in the city and 10th in Tamil Nadu, said the recently rebranded its Wealth Business as 'SBI Wealth' offering 'best-in-class' and Investment Services to its elite (High Net worth Individuals) clients through a dedicated team of Relationship Managers.

"Introducing Wealth Business has been one of the top strategic business priorities of the as we have numerous clients whose needs require highly specialized services," he said.

The was also in the process of setting up a state-of-the-art Global e-Wealth Centre at Kochi, said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, January 09 2019. 22:10 IST