Indian bank unveils invitation-only wealth arm

It is aimed at ultra-high net worths

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With its latest offering, SBM Bank India is targeting a demographic which it describes as “living life in style and on its own terms”.

SBM Private Wealth is available to select customers and on an invitation-only basis.

The bank describes the offering as a “gateway to the finest opportunities and privileges”.

Clients will get access to a “powerfully exclusive” offering, SBM said.

This includes traditional and alternative investments, advice on succession planning, customised solutions suiting specific client needs ranging from wealth-management and lending solutions, research-based investments advisory to family office, estate planning, real estate and tax advisory.

The offering also includes ‘signature experiences’; like personal concierge, dining experiences, access to private clubs & resort, and handpicked art and cultural experiences around the world.

Neeraj Sinha, head of retail & consumer banking, SBM Bank India, said: “Our aim is to simplify the client journey, provide convenience whilst delivering a superior experience.”