India: State Bank sets up wealth management unit; to woo startups with small fund & advisory desk

India: State Bank sets up wealth management unit; to woo startups with small fund & advisory desk

State Bank of India, the nation’s top lender by assets, has launched a new wealth management services unit, and branches to cater to start-ups, as competition with private sector rivals is rising and as its core business is seeing sluggish growth.

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