• About
  • Advertise
  • Contact
Thursday, July 24, 2025
  • Login
No Result
View All Result
NEWSLETTER
The NY Journals
  • Home
  • Business
  • Technology
  • Entertainment
  • Sports
  • Lifestyle
  • Health
  • Politics
  • Trending
  • Home
  • Business
  • Technology
  • Entertainment
  • Sports
  • Lifestyle
  • Health
  • Politics
  • Trending
No Result
View All Result
The NY Journals
No Result
View All Result
Home Technology

India’s biggest lender deploys 2,000 bankers to woo the wealthy

by Sarkiya Ranen
in Technology
India’s biggest lender deploys 2,000 bankers to woo the wealthy
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


STATE Bank of India (SBI), the country’s largest lender, is making a renewed push into wealth management as the number of people getting richer surges.

The bank’s wealth management unit is “old” and it wants to change its approach to how it tackles this business, according to chairman Dinesh Khara. To that end, SBI is deploying about 2,000 executives as relationship managers and focusing on ties with smaller companies across the country, Khara said at the bank’s earnings briefing.

“We manufacture all the products in the financial sector and have the largest distribution network,” Khara said, in response to a question about whether SBI will consider teaming up with other wealth managers. “We should be in a position to reach out the product to the customers.” He declined to comment on the bank’s current assets under management.

SBI, which has more than 22,500 branches in India, is joining global and domestic players flocking to grab a share of managing India’s growing pile of wealth. The country generated about US$590 billion in new financial wealth in 2023, its largest increase in history, according to a recent report from the Boston Consulting Group.

SBI will face competition from global players such as HSBC Holdings and Barclays, and local veterans such as 360 One WAM who are expanding their services and teams to service India’s rich. Private lenders such as ICICI Bank and Axis Bank have also made inroads into the country’s wealth management sector. BLOOMBERG



Source link

Tags: BankersBiggestDeploysIndiasLenderwealthyWoo
Sarkiya Ranen

Sarkiya Ranen

I am an editor for Ny Journals, focusing on business and entrepreneurship. I love uncovering emerging trends and crafting stories that inspire and inform readers about innovative ventures and industry insights.

Next Post
Former manufacturing giant SunPower files for bankruptcy

Former manufacturing giant SunPower files for bankruptcy

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

CIHE urges Toronto school board to reconsider renaming schools

CIHE urges Toronto school board to reconsider renaming schools

5 months ago
Rs 7 Lakh ‘Fee’, Haryana Resort: UP Police Crack Exam Paper Leak Case

Rs 7 Lakh ‘Fee’, Haryana Resort: UP Police Crack Exam Paper Leak Case

1 year ago

Popular News

    Connect with us

    The NY Journals pride themselves on assembling a proficient and dedicated team comprising seasoned journalists and editors. This collective commitment drives us to provide our esteemed readership with nothing short of the most comprehensive, accurate, and captivating news coverage available.

    Transcending the bounds of New York City to encompass a broader scope, we ensure that our audience remains well-informed and engaged with the latest developments, both locally and beyond.

    NEWS

    • Business
    • Technology
    • Entertainment
    • Sports
    • Lifestyle
    • Health
    • Politics
    • Real Estate
    Instagram Youtube

    © 2025 The New York Journals. All Rights Reserved.

    • About Us
    • Advertise
    • Contact Us
    No Result
    View All Result
    • Home
    • Business
    • Technology
    • Entertainment
    • Sports
    • Lifestyle
    • Health
    • Politics
    • Trending

    Copyright © 2023 The Nyjournals

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In