SBI targets Rs 2.4 lakh crore wealth management market, eyes shareholder value growth

State Bank of India is expanding its wealth management services to existing customers. The bank aims to manage significant investments for affluent clients. SBI is also developing new growth engines like acquisition financing. These initiatives are projected to enhance shareholder value over time. Analysts suggest these new ventures will take time to impact profits.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/73fsYmq
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