SBM Bank India launches marquee product SBM Private Wealth for affluent customers

Called SBM Private Wealth, it is an invitation only offer.

Neeraj Sinha, Head- Retail & Consumer Banking, SBM Bank India, said that the marquee SBM Private Wealth is designed to make banking a seamless, customised and premium experience for the customers who value time and money.

He said, “We have collaborated with the best partners who understand the segment and have demonstrated authority in the same. Our aim is to simplify the client journey, provide convenience whilst delivering a superior experience.”

According to a release from the bank,  some of the offers include airport lounge access across the globe, curated experiences and brand offers, traditional and alternative investments, advice on succession planning, customized solutions suitable for 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 such as personal concierge, dining experiences, access to private clubs and resorts, and handpicked art and cultural experiences around the world, from musicals to museums.

SBM Private Wealth Investment banking structure will also be supported by the Group’s international network, the release said.

SBM Bank (India) Limited or ‘SBM Bank India’ is the first bank to receive universal banking license from the Reserve Bank of India to set up and operate as a Scheduled Commercial Bank under Wholly Owned Subsidiary (WOS) mode offering banking services in India.

SBM Bank India has a network of six branches located in Mumbai, Delhi, Chennai, Bangalore, Hyderabad and Ramachandrapuram.