What prompted Edelweiss to start offering wealth management services in India
We perceive a big opportunity in wealth management. According to our internal estimates, the wealth industry in India in the next three years is going to be a close to Rs50 billion $1.2 billion in revenue potential. Also, in the Indian private banking industry, the prevalence is for a distribution model rather than an advisory model, thus we felt there is a need to build up an advisory-based...
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