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The Economic Times

Economy / The Economic Times

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Public sector banks rush to build up wealth management assets

The move is aimed at improving customer engagement as household savings shift from bank deposits to market-linked instruments and risk products. Indian Bank plans to set up a wealth management vertical targeting high net worth individuals, while sectoral leader State Bank of India aims to grow its wealth assets under management fivefold to Rs 15 lakh crore by 2030.

4 May 2026 1:02 am