SBI Expands Wealth Management Efforts Amid India’s Wealth Surge

State Bank of India (SBI) is enhancing its wealth management services to capitalize on India’s growing wealth. Chairman Dinesh Khara announced the deployment of 2,000 relationship managers and a strategic focus on smaller companies to boost the bank’s presence in the sector. With over 22,500 branches nationwide, SBI aims to leverage its extensive network and product range to expand its wealth management capabilities. The move positions SBI against global players like HSBC and local competitors such as ICICI and Axis Bank. For investors, SBI’s expansion reflects its commitment to capturing a significant share of India’s booming wealth market