Being a client of private banking, I now know what is private banking services. Private banking is a specialised and exclusive banking service designed for high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs).
Services offered by Private Banking:After understanding the Private banking meaning, I’d like to highlight a variety of services that is offered by private bankers to their clients, including:
Calculate your EMI on a home loan via the NoBroker EMI calculator- Financial planning:
This is specifically tailored to each client's needs and objectives is done by private bankers in collaboration with their clients.
- Investment management:
Private bankers assist their clients in selecting investments that fit their risk appetite and financial objectives.
- Tax planning:
Private bankers can assist their customers in reducing their tax obligations.
- Credit services:
Private bankers can assist their clients in securing loans and lines of credit.
Investments, assets, and obligations can all be managed by private bankers to help their clients maintain their entire wealth.
- Wealth management:
Private bankers are able to assist their clients with managing their whole wealth, which includes investments, assets, and liabilities.
While discussing about what is private banking, let me also tell you all that it can be a smart choice for you if you have a high net worth and are searching for individualised financial services. Since the Indian government enacted the liberalisation, privatisation, and globalisation (LPG) strategy in the early 1990s, private banks have grown in popularity.
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Authors Of The Question
What is Private Banking?
Riya
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1 Answers
1 Year
2023-07-21T16:49:33+00:00 2023-07-21T16:55:48+00:00Comment
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