Mumbai
Business Standard
Soon, financial planning services may not be confined to private bank customers. The country’s largest lender, State Bank of India, is set to offer wealth management and financial planning services to its customers who hold more than Rs 5 lakh in the bank.
Though the bank will formally launch the service in a few weeks, it has already approached around 30,000 customers. “Not everyone has shown enthusiasm but, we expect the response to improve once there is more awareness about what we are offering,” said a bank executive, without disclosing the number of account holders who have opted to avail of the service.
The exact number of account holders who will benefit from the move could not be ascertained, but, a senior SBI executive said the bank would have over a million customers with the required balances.
Though the bank has trained its manpower to begin the services, technical glitches are holding back a full-fledged roll out. “We did not have the software and hardware. Now, TCS has developed the software and the hardware should be in place in a month or so,” said an SBI executive, associated with the exercise.
0 comments:
Post a Comment