India's SBI to start wealth management svcs in FY11

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MUMBAI, June 16 | Wed Jun 16, 2010 7:17am EDT

MUMBAI, June 16 (Reuters) - India's largest lender, State Bank of India (SBI.BO), plans to start wealth management services in the current financial year, its chief said..

"We plan to introduce wealth management services in a phased manner in 2010-11 to help high-networth individual clients to preserve and grow their wealth," Chairman O.P. Bhatt said at the bank's annual general meeting. (Reporting by Suvashree Dey Choudhury; Editing by Unnikrishnan Nair)

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