State Bank of India, nation’s largest bank launched its Wealth Management Business by opening its 150th SBI Wealth Hub at Gwalior today.
SBI Wealth offers best-in-class Personalised Banking and Investment Services to its elite HNI Clients through a dedicated team of Relationship Managers. SBI is the first PSU bank in the country to introduce a comprehensive Wealth Management Services for its Clients
Rajesh Kumar, Chief General Manager, SBI, Bhopal Circle, formally launched the SBI Wealth Hub at Gwalior. Addressing a gathering of Clients at the SBI Wealth launch he said that this new offering by the Bank would give SBI’s elite Clients, a completely new approach for interacting with the Bank. Introducing Wealth Business has been one of the strategic business priorities of the Bank as we have numerous HNI Clients whose banking needs require highly specialised services. SBI Wealth now has presence in 63 major Centers with a network of 150 Wealth Hubs and 5 e-Wealth Centres in the country.
Presently, SBI Wealth is serving over 1,32,000 Clients with an AUM of over INR 1,09,000 Crore and is looking to significantly increase its Client base to 200,000 with an AUM of INR 159,000 Crore by March 2021.
The operations of SBI Wealth started in Bhopal Circle in April 2017 with its first Hub at Bhopal and presently there are 6 Wealth Hubs in Bhopal Circle spread across 5 Cities.
In Madhya Pradesh, SBI has wealth hubs at Bhopal, Indore, Raipur and Jabalpur with Gwalior joining the elite list today.
Under this HNI Clients would be offered best products across categories from leading Fund Houses with the flexibility to invest, transact and view their portfolio, through digital channels such as Internet Banking, Mobile and Remote Relationship Model.
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 top tier Credit and Debit Cards, concessions/waivers in charges, and much more.
The Bank also opened Global e-Wealth Centre at Kochi to facilitate NRIs to avail Products and Services of SBI Wealth.
